Orissa to review Maytas run projectsJanuary 9th, 2009 BHUBANESWAR - Orissa Saturday announced it would review all the projects carried out in the state by Maytas Infra Private Limited (MIPL), promoted by the sons of disgraced Satyam Computer Services chairman B. Ramalinga Raju.
Maytas Infra loses second project in OrissaFebruary 2nd, 2009 BHUBANESWAR - Maytas Infra - the infrastructure company floated by the promoter-family of scam-tainted Satyam Computer Services - has lost another project in Orissa. Hyderabad-based KVK Energy, which is setting up a Rs.50-billion (Rs.5,000-crore), 1,050 MW coal-fired power project in Cuttack district, Tuesday said Maytas was no longer its joint venture partner.
Orissa man ends life after losing jobApril 11th, 2009 BHUBANESWAR - A 25-year-old man from Orissa who had lost his job with a Mumbai software firm last year and was unable to find a new one committed suicide by consuming pesticide, police said here Saturday. Prasanta Jena, a resident of Nian Gorada village of Puri district, lost his job last December due to the global recession.
Vedanta terminates Maytas contract in OrissaJanuary 18th, 2009 BHUBANESWAR - Maytas Infra, the infrastructure company linked to scam-tainted Satyam Computer Services, has lost a contract from Vedanta Alumina to develop an integrated township in Orissa, Vedanta said here Monday. 'We have terminated the contract.
West Bengal government ready to give Satyam more landJanuary 8th, 2009 KOLKATA - West Bengal government will give 25 acres land to scam-tainted IT company Satyam Computers in the state if they want it, Information Technology (IT) Minister Debesh Das said here Friday. 'If they want it, we will definitely give it.
Orissa's software exports grew by 39 percent in 2008-09July 9th, 2009 BHUBANESWAR - Despite the global economic slowdown, software exports from Orissa grew by 39.05 percent in 2008-09 over the year before, officials said Thursday. The total IT exports of the state stood at Rs.1,168 crore last fiscal as against Rs.840 crore the year before, said Manas Panda, officer in charge of the Bhubaneswar unit of the Software Technology Park of India (STPI).
Dr Reddy's claims Satyam land purchase was legalJanuary 27th, 2009 HYDERABAD - Leading pharmaceutical company Dr. Reddy's Laboratories has denied that the land it got on the outskirts of Hyderabad after acquiring Satyam Institute of E-business Ltd was assigned land or the state land meant for poor.
West Bengal needs to 're-prioritise' land for industry: NASSCOMSeptember 15th, 2009 KOLKATA - Days after West Bengal scrapped an IT township project, the National Association of Software and Services Companies (NASSCOM) Tuesday said the Left Front government needs to "re-prioritise" its policy of allocating land for industry and more importance should be given to information technology. NASSCOM chairman (eastern region) V.V.R.
Satyam's Rajus sent back to jail till Jan 31January 22nd, 2009 HYDERABAD - Satyam Computer Services founder B. Ramalinga Raju, his brother B.
Satyam's Raju diverted Rs.74 bn for personal gain: ProsecutorJanuary 21st, 2009 HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju and former chief financial officer Vadlamani Srinivas will remain in police custody till Friday evening, a court ruled Thursday, as prosecutors said Raju had diverted Rs.74 billion (Rs.7,400 crore/$1.48 billion) from his company for personal wealth.
Dubai IT firm wants freehold land from Kerala governmentApril 21st, 2009 THIRUVANANTHAPURAM - The proposed Rs.15-billion Smart City Kochi IT park Tuesday suffered a setback after Smart City Dubai, which has signed a pact with the state government to develop the project, said it wanted the freehold land issue resolved. This was informed in a press release, issued Tuesday by Smart City Dubai chief executive Fareed Abdulrahman, who said they were assigned to Smart City Kochi and still heavily involved in the development of the project and had not pulled back from their roles and responsibilities.
Court rejects SEBI plea to question Satyam's RajusJanuary 22nd, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India's plea to record statements of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.
Karnataka to replace Myatas in two airport projectsJanuary 27th, 2009 BANGALORE - The Karnataka government Wednesday decided to remove the beleaguered Maytas Infra - a firm associated with the fraud-hit Satyam Computer Services - from the two greenfield airport projects at Shimoga and Gulbarga. 'We have decided to call for fresh tenders for the airport projects at Shimoga and Gulbarga.
Satyam's Raju brothers, former CFO in police custody for four daysJanuary 16th, 2009 HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju, his brother B.
Maytas' legal notice to Vedanta for encashing bank guaranteesFebruary 4th, 2009 HYDERABAD - Maytas Infra, owned by former chairman of Satyam Computer Services B. Ramalinga Raju's family, has issued a legal notice to Vendanta Aluminum Ltd for 'fraudulently and illegally' encashing two bank guarantees worth Rs.640 million (Rs.64 crore) and for not clearing admitted dues.