The current global financial crisis is also impinging upon the Indian economy with a number of key employersin various sectors issuing layoff notices to their employees, and Satyam Computer Services is a recent entrant into [...]
Mahindra Satyam
Satyam Computer Services, one of the leading IT services company in India is planning to buy an ownership stake in Maytas Infra Ltd. for a sum of 300 million US dollars. The Hyderabad-based construction and [...]
Satyam Computer Services, which was planning for the acquisition of Maytas Infra Ltd and Maytas Properties, backed off from the deal following extreme opposition pressures from shareholders, institutional investors and government. The acquisition deal has [...]
It seems like the saga of Satyam woes is not going to stop in near time and the latest blow to the Indian Computer services giant is the resignation of three more independent directors. Satyam [...]
It seems that the Bears that had a field day on the Dalal street with sentiment lying low on account of startling Satyam scam that hit Indian markets. The Sensex shed close to about seven [...]
In a letter addressed to the Board of Directors, chairman of the Satyam, Mr. B. Ramalinga Raju has expressed apologies to the stakeholders for bringing the firm in the crippled state. The condition was quoted [...]
Its Satyam again! The forbidden chaos doesn’t seem stopping soon. The 7000-crore financial fraud, has already uprooted the lives of many investors who shown faith in the worthiness of Satyam. Now, the insurance regulator IRDA [...]
Speculations are rife that the ex-Vice Chairman of Wipro, Vivek Paul might be appointed the CEO of Satyam. Vivek has also served as the President and CEO of Wipro. He joined the company in 1999 [...]
Six months ago, the portfolio investors were quite pessimistic about the earning potential of Indian companies but the attitude has shown a favorable change since then. According to Citi Investment Research’s MD and Research head [...]
The Government today made itself clear that presently it is not considering any bailout plan for Satyam Computer Services. Ashok Chawla, the Economic Affairs Secretary, today told reporters that the government has no plans for [...]
