Infosys' Murthy pulls back as IT advisor to Sri Lanka presidentFebruary 17th, 2009 BANGALORE - Infosys Technologies chairman and chief mentor N.R. Narayana Murthy has declined to be the IT advisor to the Sri Lankan government, the IT bellwether said Wednesday.
Infosys mentor Murthy bats for new Satyam boardJanuary 14th, 2009 BANGALORE - IT major Infosys Technologies chairman and chief mentor N.R. Narayana Murthy Thursday said the government-appointed board members of the fraud-hit Satyam Computer Services were excellent, competent and had lots of experience.
Obama tax move won't affect Indian firms, Murthy to presidentMay 8th, 2009 BANGALORE - Indian IT firms would not be impacted by the tax reform proposal of US President Barak Obama, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy told President Pratibha Devisinh Patil Friday.
'Infosys not to approach Satyam clients on its own'January 12th, 2009 BANGALORE - IT bellwether Infosys Technologies Ltd would not pro-actively approach clients of the fraud-hit Satyam Computer Services on its own but is open to consider proposals for deals on merits, a top company official said Tuesday. 'We have decided not to pro-actively approach Satyam clients.
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.
Foreign audit firms not to probe PwC: Satyam directorJanuary 14th, 2009 CHENNAI - The audit firms appointed to restate the account books of scam-tainted Satyam Computer Services will not investigate the role of PricewaterhouseCoopers (PWC) in the Rs.70-billion (Rs.7,000-crore/$1.43-billion) revenue fraud at the IT bellwether, a board member said Thursday. 'The job of the two foreign audit firms - KPMG and Deloitte Touche Tohmatsu - is to restate the books of accounts and not to carry out an investigation into the affairs of Satyam Computer or its statutory auditors,' T.N.
Rs 6-billion bank funds for Satyam working capitalFebruary 4th, 2009 HYDERABAD - The cash-strapped Satyam Computer Services would borrow Rs.6 billion (Rs.600 crore/$130 million) from banks to meet its working capital requirements, the company confirmed Thursday after a two-day board meeting here. 'This funding, along with healthy collections, is expected to help the company tide over its financial challenges,' the IT bellwether said in a statement, but did not name the banks which had sanctioned the funds.
Software engineer from Andhra Pradesh shot dead in USJanuary 14th, 2009 HYDERABAD - Akshay Vishal, a software engineer from Hyderabad, was shot dead by unidentified people in Arkansas in the US, his father said Thursday. Vishal, 26, was an employee of fraud-hit Satyam Computer Services Limited and was on contract with US company Jet Falcon.
Infosys to award five top Indian scientists Rs.5 mn eachFebruary 16th, 2009 BANGALORE - Infosys Technologies Tuesday said it has instituted a Rs.5-million (Rs.50 lakh) award each for five top Indian scientists in recognition of their outstanding research contributions and achievements. The five awards will be given annually under the aegis of Infosys Science Foundation, a non-profit trust set up with a corpus of Rs.210.5 million (Rs.21.5 crore), the software major said in a statement here.
Satyam internal audit scope to be agreed upon: Brahmayya & CoJanuary 16th, 2009 CHENNAI - The government-appointed board of Satyam Computer Services Limited will have to define the scope of work for the city-based Brahmayya & Co that has been appointed as the beleaguered IT bellweather's internal auditor, an official of the accounting firm said Saturday. 'We were sounded out about the assignment by the authorities and we gave our consent.
EU court advisor says Google Adwords does not infringe EU trademarksSeptember 22nd, 2009 EU advisor: Google ads don't infringe trademarksBRUSSELS — A European Union court advisor said Tuesday that Google Inc. does not violate luxury goods makers' trademarks when it sells brand names as advertising keywords triggered by Internet searches.
Shocked Satyam employees begin job huntingJanuary 7th, 2009 HYDERABAD - Jolted by the biggest fraud in India's corporate history, thousands of employees of Satyam Computer Services have begun hunting for jobs in other companies. About 15,000 software professionals and other employees of Satyam have sent their CVs to placement companies and job portals during the last two days.
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.
New Satyam board meets, to get new accounting firmJanuary 11th, 2009 HYDERABAD - The fraud-hit Satyam Computers will get a new accounting firm in 48 hours to restate the company's financial position and publish the third quarter results, Deepak Parekh, one of the three new board members named by the government, announced Monday. Parekh made the announcement at the end of the first meeting of the new board which also includes former NASSCOM chief Kiran Karnik and former SEBI member C.
Now's the time to get a discounted version of the next Windows _ if your PC is up to itJuly 8th, 2009 Windows 7 is on sale. Should you buy it now?SEATTLE — Microsoft Corp.'s next installment of Windows doesn't launch until October, but deep discounts on some versions are available through Saturday if you want to pre-order.