Ramalinga Raju in Hyderabad, claims his lawyerJanuary 7th, 2009 HYDERABAD - Beleaguered former Satyam Computer founder-chairman B. Ramalinga Raju is in this city and has no intention to avoid the process of law, his lawyer S.
Satyam executives to stay put despite massive fraudJanuary 7th, 2009 HYDERABAD - Ten top executives of the tainted Satyam Computer Services Ltd late Thursday pledged to remain with the company and work jointly to steer the IT bellwether, reeling under shocking disclosures of financial fraud by its founder chairman B. Ramalinga Raju.
Ramalinga Raju in Hyderabad, claims lawyerJanuary 7th, 2009 HYDERABAD - Satyam Computer founder-chairman B. Ramalinga Raju, whose whereabouts are not known after his shocking admission of massive financial fraud, is in the city and has no intention to avoid the process of law, his lawyer claimed Thursday even as a top company official said they did not rule out filing a criminal case against him.
Regulator continues probe into Satyam fraudJanuary 8th, 2009 HYDERABAD - Special teams of Securities and Exchange Board of India (SEBI) Friday continued their probe for the second day into the Rs.70-billion Satyam fraud. A three-member SEBI team headed by its southern regional manager A.
'Satyam fiasco will not mar India Inc's image'January 19th, 2009 NEW DELHI - The Rs.70-billion accounting fraud at Satyam Computer will not mar the image of corporate India abroad, Minister for Science and Technology Kapil Sibal said here Tuesday. 'There are a lot of shining stars in India's corporate world who will ensure that the flag of India keeps flying high,' said Sibal.
Post-Satyam scam, PWC India to set up advisory boardMarch 5th, 2009 CHENNAI - Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services. According to a statement by the firm, an advisory board is being set up to provide guidance to the PwC leadership on its strategy and actions.
Lay-offs begin at satyam as 10000 employees may come under axe including senior executives, benched and non-IT peopleJune 3rd, 2009 Its a bad news really but Tech Mahindra, the new owner of Satyam computers, have started laying off in the first phase. Trainers, HR and sales and marketing executives are being singled out for action. The first phase of layoffs has started.
Tarun Das among three new directors on Satyam boardJanuary 14th, 2009 NEW DELHI - The government Thursday appointed three more directors to the board of the fraud-hit Satyam Computer Services, including Tarun Das, the chief mentor of the Confederation of Indian Industry (CII). The other two members announced by Corporate Affairs Minister P.C.
Bombay Stock Exchange de-lists SatyamJanuary 7th, 2009 MUMBAI - Scam-tainted Satyam Computer has been de-listed by the Bombay Stock Exchange (BSE) with effect from Jan 12, the BSE said in a statement Thursday. It has been replaced by Sun Pharmaceutical Industries on the BSE's benchmark index, the Sensex, while GlaxoSmithkline Pharmaceutical nudged it out on the BSE-100 index.
Post-Satyam, IT industry faces tough time, says diasporaJanuary 7th, 2009 CHENNAI - Satyam Computer founder-chairman B. Ramalinga Raju's admission to committing a Rs.70-billion ($1.4 billion) financial fraud will raise questions about the the level of corporate governance in India, feel persons of Indian origin (PIO) at a conference of the Indian diaspora here.
Clients standing by Satyam, says interim CEOJanuary 7th, 2009 HYDERABAD - Global clients of the beleaguered Satyam Computer Services will engage the scam-tainted IT bellwether for its software services, the company's interim chief executive Ram Mynampati said Thursday. 'We have received support from our key customers.
Kerala IT companies get calls from Satyam's clients, employeesJanuary 10th, 2009 THIRUVANANTHAPURAM - It is advantage time for IT companies in Kerala. With Satyam under a cloud, the software companies in the state are busy trying to win over clients of the tainted IT bellwether even as they are flooded with job applications from Satyam employees.
Satyam one-off failure of corporate governance: PranabFebruary 11th, 2009 NEW DELHI - The Satyam scam was a 'one-off, unfortunate case of failure of corporate governance', Minister for External Affairs Pranab Mukherjee said here Thursday. Addressing a meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mukherjee said: '(Satyam) was an unfortunate case of failure of corporate governance… It was a one-off case.
C.P. Gurnani appointed chief executive of Indian outsourcer Mahindra SatyamJune 23rd, 2009 Indian outsourcer Mahindra Satyam gets new CEOMUMBAI, India — Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.
Apex IT body shocked by Satyam chief's confessionJanuary 6th, 2009 BANGALORE - Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.
Comment Below | 
Email this Article
Loading ...