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Satyam Computer Services

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Satyam Computer Services News

News on Satyam Computer Services continually updated from thousands of sources around the net.

9 hrs ago | The Hindu

CBI shifts Satyam documents to court

BAGFUL: Satyam Computers chargesheet papers being brought to the Criminal Courts Complex in Hyderabad on Wednesday.

Comment?

Related Topix: Software

Wed Dec 09, 2009

MarketNewsVideo

Today's Big Gainers: SAY, AAI, SNTS, NWY

After continuous reports of fraud surrounding Satyam Computer Services , the Wall Street Journal published an article today with the title "Satyam: Media Reports on Fraud Don't Reflect Financial Position." The Journal says that Satyam is responding to media reports on the extent of the fraud by saying that these reports don't reflect the company's ...

Comment?

Related Topix: Software, Transportation, Airlines, AirTran Holdings, Biotech, Medicine, Santarus, Healthcare Industry, Business News, Video

Mon Dec 07, 2009

The Hindu

Top honchos named in cases against Satyam

HYDERABAD: The former Cabinet Secretary T.R. Prasad, the former Director of IIT-Delhi and Madras, V.S. Raju, and the former Dean of the Indian School of Business M. Rammohan Rao, have been named by the Serious Fraud Investigation Office for the first time in the Rs.

Comment?

Related Topix: Software

Sun Dec 06, 2009

Ledger Dispatch

Stocks on the move: Ciena, Cummins, G-III, Hemispherx, Satyam

Shares of the following companies are having unusual moves in U.S. trading this morning.

Comment?

Related Topix: Manufacturing, Automakers, CIENA, Telecom, Cummins, Software, Financial Markets, Investment Banking, Financial Services, Morgan Stanley

Sat Dec 05, 2009

Rediff.com

Raju, family bought 1,065 properties

These include 109 properties in coastal Andhra, 11 in Karnataka [ Images ], 40 in Nagpur, 29 in Chennai and 876 in Hyderabad and the surrounding Rangareddy district, according to sources tracking developments in the Central Bureau of Investigation probe of the Satyam [ ] case.

Comment?

Related Topix: Software

Fri Dec 04, 2009

CIO

Satyam Opens Its Largest Services Center Outside India

Offering regional and national programs, CIO events bring together some of the most respected names and thought leaders in information technology and security.

Comment?

Related Topix: Software, CIO News, Computers, IT Services

Thu Dec 03, 2009

Sify

15 major Indian institutional investors suffered 'wrongful losses'

By contrast, the fraud enabled Raju's kin and aides to make hundreds of crores, charges CBI.

Comment?

Related Topix: Software, Computers, IT Services

Wed Dec 02, 2009

Mydigitalfc.com

Reports on financials not necessarily true: Satyam

"The company wishes to point out to investors that reported allegations regarding the magnitude of investor harm or historical misstatements in the company's accounting records do not necessarily shed light on the present financial position and liabilities of the company," Mahindra Satyam said in a statement here.

Comment?

Related Topix: Software

Accountancy Age

Internal auditor faces charges in Satyam scandal

India's notorious Satyam Computer Services scandal has taken a turn for the worse, with the country's Central Bureau of Investigation laying new charges against 10 defendants regarding fake invoices, inflated revenues, unauthorised loans and attempted cover ups.

Comment?

Related Topix: Software, Computers, IT Services

Tue Dec 01, 2009

Domain-B

SFIO files case against Raju in Hyderabad court

The Serious Fraud Investigation Office on Monday, filed a case against scam-tainted Satyam Computer chief Ramalinga Raju and others before a Hyderabad court.

Comment?

Related Topix: Software, Tax

CIOL

Mahindra Satyam to expand Malaysia ops

The company will move more software development and delivery operations to its centre in Malaysia, Mahindra Satyam said in a statement Tuesday, December 01, 2009 MUMBAI, INDIA: Indian software-services firm Mahindra Satyam said on Tuesday it would expand its operations in Malaysia as part of its international expansion plans.

Comment?

Related Topix: Software, World News, India,

Mon Nov 30, 2009

Gulf Times

Sensex gains; rupee hits 1-month high

ACC gained 1.3% to 794.05 rupees. The stock climbed 0.6% over the past three months, compared with a 9.6% advance in the Sensex.

Comment?

Related Topix: Software, Computers, IT Services, World News, India,

Sun Nov 29, 2009

The Hindu

'Raju, others forged resolutions': CBI

HYDERABAD: The Central Bureau of Investigation on Tuesday informed a city court that B. Ramalinga Raju and other accused in the Satyam Computers fraud case forged board resolutions and unauthorisedly obtained loans and advances to the tune of Rs.1,220 crore.

Comment?

Related Topix: Software

Sat Nov 28, 2009

Domain-B

SC notice to CBI on Price Waterhouse auditor's bail plea

The Supreme Court today issued a notice to the Central Bureau of Investigation on a petition filed by Price Waterhouse auditor Srinivas Talluri, who was arrested in the Satyam Computer Services fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides in India's biggest corporate scam.

Comment?

Related Topix: Software, Computers, IT Services

Fri Nov 27, 2009

The Hindu

Court directive to NIMS doctor

HYDERABAD: A court here has asked the professor and head of gastroenterology department of Nizam's Institute of Medical Sciences to appear before it on December 4 to decide whether in-patient treatment is to be continued for former Satyam Computers chairman B. Ramalinga Raju at NIMS.

Comment?

Related Topix: Software

WDAF

MGM Mirage, HSBC, Satyam, ING, Activision are among big market movers Friday

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: MGM Mirage, down 45 cents to $10.56 The casino operator's joint venture partner Dubai requested a debt payment delay.

Comment?

Related Topix: HSBC Holding, Activision, Media, ING Group, Banking, Hotels, Insurance, MGM Mirage, Video Games, Software, Financial Markets

Business Standard

Court rejects bail plea of senior VP of Satyam

A local court today dismissed the bail petition of V S Prabhakara Gupta, Senior vice-president and global head of internal audit cell in Mahindra Satyam, who was arrested in the multi-crore accounting scam in Satyam Computer Services.

Comment?

Related Topix: Software

Thu Nov 26, 2009

The Times of India

Forbes names Satyam's Raju world's 4th most outrageous CEO

NEW YORK: It's one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers , has managed the feat of being among the world's 10 most outrageous CEOs.

Comment?

Related Topix: Software, Financial Services, Merrill Lynch and Co, Investment Services, Investment Banking, Goldman Sachs Group

Wed Nov 25, 2009

Hindustan Times

Mahindra Satyam says not losing clients

IT services firm Mahindra Satyam said customer attrition has stopped and it is not offering price cuts to win new deals, a company executive said.

Comment?

Related Topix: Software

Bloomberg Business News

Satyam Fraud Was $606 Million Bigger Than Raju Claimed, Crime Agency Says

Satyam Computer Services Ltd. a s accounting fraud was 40 percent larger than what the Indian software companya s former chairman previously said, according to the nationa s Central Bureau of Investigation .

Comment?

Related Topix: Software, Computers, IT Services, World News, India, 9

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