Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing ...
The government-appointed board at financially troubled Indian outsourcer Satyam Computer Services Ltd. has decided to appoint an accounting firm in the next 48 hours to restate the company’s accounts.
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The interim CEO of Satyam Computer Services Ltd. today attempted to reassure customers and investors that management could keep the India-based offshore outsourcer afloat after an accounting scandal, ...
MUMBAI (Reuters) - India's Tech Mahindra will pay more than $550 million for a controlling stake in Satyam Computer Services , throwing a lifeline to the fraud-hit firm and propelling itself into the ...
The financial fraud perpetrated by Satyam Computer Services executives could trigger near-term disruptions across the outsourcing and IT industries. Ramalinga Raju, the company’s founder and chairman, ...
SAN FRANCISCO (MarketWatch) -- Srinivas Vadlamani, the chief financial officer of Satyam Computer Services Ltd. , was arrested on Saturday, according to media reports, citing Hyderabad police. A ...
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