No Satyam Board meeting Saturday: Minister

January 8th, 2009 HYDERABAD/NEW DELHI - The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major.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.

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

January 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).

January 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.

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 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.

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.

February 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.

February 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.

January 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.

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.

January 15th, 2009 HYDERABAD - The government-appointed directors of fraud-hit Satyam Computer Services meet here Saturday for the second time in six days to assess the company's financial position and consider action to speedily put the firm back on rails as cooked up figures by founder B. Ramalinga Raju are making it difficult for the software industry to forecast the sector's growth for 2008-09.

January 16th, 2009 HYDERABAD - The government-appointed directors of fraud-hit Satyam Computer Services began a meeting here Saturday with the focus on how much the company immediately needs to pay salaries and meet other expenditure and on finding a chief executive officer (CEO) to run its day-to-day operations. Satyam, India's fourth largest IT company, has been without a CEO and a group of senior staff members are running the show since Jan 7, when founder-chairman B.

January 16th, 2009 HYDERABAD - The government-appointed directors of the fraud-hit Satyam Computer Services have started talks with banks to raise funds for salaries and other expenditure, while customers have assured continued support to the company, the new board said here Saturday. Meeting for the second time in six days to save the country's fourth largest software outsourcer, whose financial fraud of Rs.70 billion (Rs.7,000 crores/$1.43 billion) was described by Prime Minister Manmohan Singh Saturday as a blot on India Inc., the six directors said 'all efforts are being made to ensure that the associates (employees) are paid their salaries on time'.

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.