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.
Satyam's new board starts meetingJanuary 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.
Court rejects SEBI plea to question Satyam's RajusJanuary 22nd, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India's (SEBI) plea to record statements of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.
A month after Satyam's Maytas fiasco, board minutes surfaceJanuary 16th, 2009 HYDERABAD - A month after Satyam Computer Services founder B. Ramalinga Raju's aborted bid to buy two firms promoted by his sons, minutes of the board meeting on the issue became public Saturday, showing that the independent directors had their doubts about the move.
Satyam's new board hunts for CEO and CFOJanuary 11th, 2009 HYDERABAD - The government-appointed board of directors for scam-hit Satyam Computers has begun the hunt for a new chief executive officer and a chief finance officer as part of measures to restore credibility and confidence in the country's fourth largest IT bellwether and ensure business continuity, Deepak Parekh, one of the new directors said Monday. There will also be a new accounting firm in two days to go over the company's finances and present a correct picture.
SEBI plea to quiz Ramalinga Raju deferredJanuary 15th, 2009 HYDERABAD - The plea by India's market regulator Securities and Exchanges Board of India (SEBI) to question Ramalinga Raju, the disgraced former chairman of Satyam Computer Services, was deferred to Monday by a court here Friday. The police plea to extend the stay of Ramalinga Raju, his brother and Satyam's former managing director Rama Raju and former chief financial officer Srinivas Vadlamani will be taken up in court later Friday.
Raju brothers bail plea to be heard MondayJanuary 15th, 2009 HYDERABAD - Satyam Computer Services' disgraced founder B. Ramalinga Raju and his brother B.
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.
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.
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.
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.
Satyam board meeting underway, focus on firm's financesJanuary 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.
Satyam board to safeguard employee, client interests: DirectorJanuary 15th, 2009 NEW DELHI - The newly-appointed member of the Satyam board of directors, Confederation of Indian Industry (CII) chief mentor Tarun Das, Friday said the main priority was to safeguard the interests of employees, customers and investors of the scam-tainted IT company. Minister for Corporate Affairs P.C.
Satyam scam: Raju's brother fails to get anticipatory bailFebruary 12th, 2009 HYDERABAD - B. Suryanarayana Raju, brother of Satyam Computers' disgraced founder B.
Satyam Raju's brother fails to get anticipatory bailFebruary 12th, 2009 HYDERABAD - B. Suryanaryana Raju, the second brother of Satyam Computer Services' disgraced founder B.