Synopsys board authorizes new buyback program, may repurchase up to $500 million in stockSeptember 9th, 2009 Synopsys to buy back up to $500 million in stockMOUNTAIN VIEW, Calif. — Synopsys Inc., which makes software to develop and test chips, on Wednesday said its board replenished its stock repurchase authorization, allowing the company to buy back up to $500 million in common stock.
Three shortlisted for Satyam CEO, CFOJanuary 22nd, 2009 HYDERABAD - Three names have been shortlisted for the posts of chief executive officer and chief financial officer in fraud-hit Satyam Computer Services, the new board announced Friday. The selections will be taken next week.
Satyam founder quits after admitting Rs.40 bn fraudJanuary 6th, 2009 HYDERABAD - Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs.40 billion ($823 million) in the balance sheet of the company.
IBM boosts quarterly dividend 10 percent, allots $3 billion more for repurchasing stockApril 28th, 2009 IBM boosts quarterly dividend 10 percentMIAMI BEACH, Fla. — IBM Corp.
Satyam stock tumbles as chairman Raju resigns after admitting huge fraudJanuary 6th, 2009 HYDERABAD - Shares of Satyam Computer Wednesday crashed by over 72 percent to Rs.50 from a opening of Rs.179.10 on the bourses around 1 p.m., following the resignation of its founder-chairman B. Ramalinga Raju after he admitted to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud - the largest in India Inc.
Satyam board meets to assess biddersMarch 20th, 2009 HYDERABAD - The Satyam board met on Friday to assess the proposals of the bidders for acquiring up to 51% stake in the embattled IT company, and discuss several other issues. The Government-appointed company board has received several expressions of interest, including those from engineering major Larsen and Toubro, B K Modi-led Spice Group, software firm Tech Mahindra and iGate, a company official said after the meeting.
Two more directors resign from Satyam boardDecember 28th, 2008 BANGALORE - Satyam Computer Services Monday announced the resignations of director Vinod K. Dham and non-executive director Krishna G.
Government announces three-member board for SatyamJanuary 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.
One more independent director quits Satyam boardDecember 28th, 2008 BANGALORE - In a day of swift developments, independent director M. Rammohan Rao resigned from the board of IT major Satyam Computer Services, the company said Monday.
Microsoft prices $3.75 billion debt offering; board had authorized up to $6 billion saleMay 12th, 2009 Microsoft to raise $3.75B in first debt offeringSEATTLE — Microsoft Corp. priced a $3.75 billion debt offering on Monday, a first for the world's largest software maker.
Satyam postpones board meeting to Jan 10December 27th, 2008 BANGALORE - Beleaguered Satyam Computer Services postponed its board meeting, convened Monday (Dec 29) to discuss a proposal for buy-back of shares by promoters, to Jan 10, the IT bellwether said Sunday. 'The next meeting of board of directors has been rescheduled to January 10, 2009, in order to allow the board members to consider additional options,' the Hyderabad-based company said in a statement.
Satyam chairman Ramalinga Raju, MD Rama Raju quitJanuary 6th, 2009 BANGALORE - Satyam Computer Services Ltd founder chairman B Ramalinga Raju and managing director B Rama Raju resigned from the board Wednesday, the company announced. In a notification to the stock exchanges, the Hyderabad-based IT firm said Ramalinga Raju and Rama Raju have tendered the resignations earlier in the day and the regulator (SEBI) has been informed.
Government not to intervene in Satyam: MinisterJanuary 14th, 2009 NEW DELHI - The government will not intervene in the functioning of Satyam Computer Services, Minister of State for Industrial Policy and Promotion Ashwini Kumar said here Thursday. Beleaguered Satyam's former chairman B.
New York Stock Exchange halts trading in Satyam stockJanuary 6th, 2009 HYDERABAD - The New York Stock Exchange Wednesday halted trading in the stock of beleaguered Satyam Computer Services prior to the opening of the market at 9.30 a.m. US eastern time, the NYSE said in a statement.
Satyam board says company on way to resurrectionApril 13th, 2009 MUMBAI - It was with a sense of satisfaction and achievement that the six-member board of Satyam Computer Services Monday announced the virtual 'rebirth' of the crisis-ridden software giant, hoping its future would now be sound and secure. At a hurriedly convened press conference after Tech Mahindra agreed to pick up a 31 percent stake in Satyam for Rs.1,756 crore (Rs.17.56 billion/$351 million) at Rs.58 per share, the board members appeared relaxed.
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