Government not to intervene in Satyam: Minister

January 14th, 2009 NEW DELHI - The government has no plans to unveil a bailout package for fraud-hit Satyam Computer Services and the company's new board will decide its future course of action, Minister of State for Industry Ashwani Kumar has said. 'This government is not going to either directly or indirectly subsidise the wrongdoing and fraud in Satyam,' Kumar told reporters on the margins of an international conference on petroleum sector here Thursday.

January 8th, 2009 NEW DELHI - The beleagured IT firm Satyam Computer cannot hold its board meeting Saturday as scheduled earlier, Minister for Company Affairs Prem Chand Gupta said here Friday. 'The government is restraining all current directors from the board.

January 20th, 2009 NEW DELHI - The government has taken no view on the proposals from domestic and international companies to buy the fraud-hit Satyam Computer Services and left the decision to its new board, Corporate Affairs Minister Prem Chand Gupta has said. 'There are many corporate houses, they are interested,' Gupta told reporters on being asked if the government was interested in hiving off the beleaguered firm to engineering and construction giant Larsen and Toubro.

January 8th, 2009 KOLKATA - West Bengal government will give 25 acres land to scam-tainted IT company Satyam Computers in the state if they want it, Information Technology (IT) Minister Debesh Das said here Friday. 'If they want it, we will definitely give it.

January 11th, 2009 NEW DELHI - Commerce Minister Kamal Nath Monday said the government was looking at all options to help fraud-hit Satyam Computer Services out of its current mess, perpetrated by its former chairman R. Ramalinga Raju.

January 9th, 2009 NEW DELHI - India's capital market regulator C.B. Bhave met Corporate Affairs Minister P.C.

January 12th, 2009 NEW DELHI - A parliamentarian had raised the issue of irregularities in Satyam Computer Services way back in 2001 but then Andhra Pradesh Chief Minister N. Chandrababu Naidu and the National Democratic Alliance (NDA) government had ignored the matter, the Congress party said Tuesday.

January 14th, 2009 NEW DELHI - The government Thursday named three more directors to the Satyam Computer Services board, including Tarun Das, chief mentor of the Confederation of Indian Industry (CII), even as it rejected a bailout package for the fraud-hit company. Minister for Corporate Affairs P.C.

September 15th, 2009 MELBOURNE - The Government of Victoria's decision to give a grant to Indian software giant Satyam Computers now Mahindra Satyam despite failing a federal government litmus test for funding is shrouded in mystery. The grant by Victoria controversially enabled the original firm to embark on the 75 million dollar Geelong IT project.

January 8th, 2009 NEW DELHI - The government Friday announced that it has asked scam-tainted IT bellwether Satyam Computers to appoint new directors within seven days. 'The government has aked Satyam Computers to appoint new directors within next seven days,' said Prem Chand Gupta, minister for company affairs.

January 10th, 2009 NEW DELHI - The government Sunday named a three-member board, including former Nasscom chief Kiran Karnic and Deepak Parikh, chairman of HDFC, to oversee the functioning of scam-tainted Satyam Computers. Minister of Corporate Affairs Premchand Gupta told reporters here that the board, whose third member will be C.

February 21st, 2009 DURGAPUR - Coming down heavily on India's ruling United Progressive Alliance for neglecting the recession-hit small scale sector, West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday said the central government seemed only concerned with big companies like Satyam. 'The small scale sector is very badly hit.

January 6th, 2009 HYDERABAD/NEW DELHI - The Andhra Pradesh government Wednesday ordered a preliminary inquiry by the crime branch of the police into a financial fraud by IT major Satyam Computers. Chief Minister Y.S.

September 11th, 2009 CANBERA - Mahindra Satyam has pulled out of a $75 million software development project that the disgraced Satyam founder had promised to set up in Australia's Geelong city, media reports said Friday. Sujit Baksi, the company's president of corporate affairs, formally conveyed the decision to the government of Victoria state through a letter addressed to provincial IT Minister John Lenders, the Australian daily reported.

January 8th, 2009 HYDERABAD/NEW DELHI - The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major. The government has cancelled a Satyam board meeting scheduled for Saturday in Hyderabad.