No Satyam Board meeting Saturday: MinisterJanuary 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.
Satyam's new board starts meetingJanuary 11th, 2009 HYDERABAD - The three-member board appointed by the central government to bring back financial order to the fraud-hit Satyam Computer Services began its meeting here Monday. A Satyam spokesperson said the meeting began at the company's headquarters in Hitec City at 11 a.m.
Government supersedes Satyam board, sacks remaining directorsJanuary 8th, 2009 HYDERABAD/NEW DELHI - The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major.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.
Satyam hails government move to appoint new boardJanuary 9th, 2009 HYDERABAD - Scam-tainted IT bellwether Satyam Computer Services Ltd late Friday welcomed the central government's move to appoint 10 nominees as directors to replace the current board. 'We welcome this decision which will ensure uninterrupted operations and restore the confidence of all employees, customers and shareholders across the globe,' the Hyderabad-based company said in a statement.
Satyam board meeting extended by a dayFebruary 3rd, 2009 HYDERABAD - The government-appointed directors of fraud-hit Satyam Computer Services Wednesday extended its meeting by a day. The board, which is meeting for the fifth time in three weeks, will continue its meeting Thursday.
Satyam board decides to invite strategic investorFebruary 21st, 2009 HYDERABAD - Fraud-hit Satyam Computer Services Saturday decided to invite a strategic investor to keep India's fourth largest software outsourcer running, and will soon announce the details of the process it has adopted for the purpose. The decision was taken at a meeting here of the central government-appointed board of directors.
New Satyam CEO to be selected by FridayJanuary 21st, 2009 BANGALORE - The Satyam board will decide on the new chief executive officer (CEO) and chief financial officer (CFO) at its meeting in Hyderabad, industry and commerce minister Ashwani Kumar said here Thursday. 'The new board is meeting in Hyderabad today (Thursday) and tomorrow (Friday).
Satyam board in talks with banks, financial institutionsJanuary 16th, 2009 HYDERABAD - The government-appointed board of directors of the fraud-hit Satyam Computer Services Saturday said it was engaged in discussions with banks and financial institutions to address the issue of liquidity and assured that it would take all steps to pay salaries of the employees on time. The board, which met here for the second time in six days, left the appointment of the board chairman to the government and said the search for a chief executive officer (CEO) and chief financial officer (CFO) was still on.
Satyam Board Meets, Decision Under WrapsFebruary 26th, 2009 HYDERABAD - The government-appointed directors of Satyam Computers met here Thursday but did not issue a statement on their discussions and decisions, a practice they had followed after their last seven meetings in as many weeks. 'The board meeting has ended.
Ram Mynampati in US, says Satyam spokespersonJanuary 12th, 2009 HYDERABAD - Former interim CEO of Satyam Computer Services Ram Mynampati is in the US, the company clarified Tuesday while denying reports that he had been arrested by Andhra Pradesh police. A Satyam spokesperson said Mynampati was meeting clients in the US and the reports of his arrest and interrogation were not true.
Satyam's new board members' plea to media - don't call oftenJanuary 11th, 2009 HYDERABAD - The members of the new board of the fraud-hit Satyam Computer Services have started getting pesky calls - from mediapersons, forcing them to request scribes not to call too often and allow the team to do its work. 'I must have got about 20 calls on my cell phone when the (board) meeting was on.
US Geological Survey sounds Tsunami alert for Indian OceanSeptember 2nd, 2009 NEW DELHI - The US Geological Survey on Wednesday issued a tsunami alert for the Indian Ocean in the wake of a 7.4-magnitude earthquake striking Indonesia's Java island. According to the USSGS, the quake struck less than 200 kilometres south of the capital Jakarta at a depth of 63 kilometres.
15 new prehistoric sites found in Central JavaJuly 9th, 2009 JAKARTA - Archaeologists have found up to 15 new prehistoric sites in Purbalingga regency, Central Java. According to Prayitno, the head of Purbalingga administration's Media Information Division, the sites were spread across the upper stream sections of the Klawing and Tungtung Gunung Rivers and the up and downstream areas of the Laban and Kuning Rivers.
After buyers, CEO-aspirants now target SatyamJanuary 20th, 2009 HYDERABAD - The newly-formed board of the scam-tainted IT bellwether Satyam Computer Wednesday said the company has received a large number of applications for the job of the chief executive and chief financial officer (CFO). A day earlier, it had confirmed being 'approached by potential buyers'.
Independent director Prasad to continue on Satyam boardDecember 29th, 2008 BANGALORE - T.R. Prasad, independent director on the board of Satyam Computer Services, Tuesday declared he would continue in the non-executive post despite four other directors quitting in succession.