India Inc demands stricter norms following Satyam scandal

India Inc demands stricter norms following Satyam scandal

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NEW DELHI - Shocked by the revelations of Satyam co-founder and chairman B. Ramalinga Raju that the software services firm had overstated profits and hidden liabilities in a Rs.40-billion scandal, leading industry lobbies called for stricter corporate governance norms.

‘Satyam was always seen as one of the top Indian IT companies and often represented as shining [...]

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