'Satyam fiasco will not mar India Inc's image'January 19th, 2009 NEW DELHI - The Rs.70-billion accounting fraud at Satyam Computer will not mar the image of corporate India abroad, Minister for Science and Technology Kapil Sibal said here Tuesday. 'There are a lot of shining stars in India's corporate world who will ensure that the flag of India keeps flying high,' said Sibal.
Satyam scam isolated, not a slur on corporate India: Kamal NathJanuary 16th, 2009 MUMBAI - The Rs.70 billion ($1.4 billion) financial scam in Satyam Computer Services is an isolated case and does not tarnish the image of the Indian corporate sector in any way, Commerce Minister Kamal Nath said here Saturday. 'India Inc has established its credentials.
Satyam one-off failure of corporate governance: PranabFebruary 11th, 2009 NEW DELHI - The Satyam scam was a 'one-off, unfortunate case of failure of corporate governance', Minister for External Affairs Pranab Mukherjee said here Thursday. Addressing a meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mukherjee said: '(Satyam) was an unfortunate case of failure of corporate governance… It was a one-off case.
Samsung & LG Join Indian Outsourcing BandwagonNovember 14th, 2005 Samsung Electronics and LG Electronics, Korea's two global electronics makers, have reduced their Indian workforce in India, opting instead to outsource its operations to India. "We work project-by-project, so we move between India and South Korea.
Apex IT body shocked by Satyam chief's confessionJanuary 6th, 2009 BANGALORE - Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.
Post-Satyam, IT industry faces tough time, says diasporaJanuary 7th, 2009 CHENNAI - Satyam Computer founder-chairman B. Ramalinga Raju's admission to committing a Rs.70-billion ($1.4 billion) financial fraud will raise questions about the the level of corporate governance in India, feel persons of Indian origin (PIO) at a conference of the Indian diaspora here.
Kerala IT firms to spread AIDS awareness campaignMay 14th, 2009 THIRUVANANTHAPURAM - Companies based in the Technopark IT industrial park here will join hands with the Kerala government to strengthen the AIDS awareness campaign in the state, an industry official said here Thursday. The Group of Technopark Companies (GTECH), a body representing the chief executives of the Technopark firms, has adopted a corporate policy on HIV/AIDS that calls for strengthening the awareness campaign among among the member companies and employees, the group secretary, Satish Babu, said.
Google Venturing In Blogging? ... Hiring Bloggers?September 20th, 2006 I am not talking about providing blogging software / service like Blogger. It looks like Google (at least Google India) may actually venture into blogging themselves.
Satyam fraud has diaspora question corporate governanceJanuary 7th, 2009 CHENNAI - The admission of a Rs.70-billion ($1.4-billion) fraud by Satyam Computer founder-chairman B. Ramalinga Raju was a matter of hot discussion on the margins of a diaspora conference here with some delegates saying it raises doubts over the level of corporate governance in India.
India Inc demands stricter norms following Satyam scandalJanuary 6th, 2009 NEW DELHI - Shocked by the revelations of Satyam co-founder and chairman B. Ramalinga Raju that the software services firm had overstated profits and hidden liabilities in a Rs.40-billion scandal, leading industry lobbies called for stricter corporate governance norms.
Nasscom to form corporate governance and ethics committeeFebruary 10th, 2009 NEW DELHI - IT industry body National Association of Software and Services Companies (Nasscom) Wednesday said it will form a corporate governance and ethics committee, headed by Infosys Technologies chairman N.R. Narayana Murthy.
Too many agencies probing Satyam scam: BSE chairmanJanuary 21st, 2009 KOLKATA - Too many agencies simultaneously probing the Satyam Computer Services scam might not be the best way to bring out the truth, Bombay Stock Exchange (BSE) chairman Jagdish Capoor said here Thursday. 'I am not sure whether all the agencies launching investigation at the same time is the best way to bring out the truth expeditiously.
India In Brief On The Republic DayJanuary 26th, 2007 1. Goldman Sacks predicts India will beat US by 2050, lagging only behind China in economy. I think it will be much sooner.
Post-Satyam scam, PWC India to set up advisory boardMarch 5th, 2009 CHENNAI - Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services. According to a statement by the firm, an advisory board is being set up to provide guidance to the PwC leadership on its strategy and actions.
India Set to be Technical Backend for All New .org Web SitesOctober 4th, 2005 India’s global image and reputation is rapidly growing. Top Internet decision makers, PIR, have decided to make India a hub for the technical backend of all new websites, a move that is expected to significantly reduce time to resolve websites.