Tech Mahindra wins bid for Satyam

Tech Mahindra on Monday emerged as the new owner of the Satyam Computer Services outbidding other competitors, including Larsen and Toubro. " Satyam's new board of directors, which met here to select the...

Indian IT Company TCS to design next generation SAAB Fighter Jet

Indian IT company owned by Tata group, TCS is going to design next generation fighter multi role combat aircraft - Grippen, for Sweden based SAAB. The contract includes Technology and Competency transfer to TCS.  - Told SAAB vice-president Kjell Moller in...

UN suspends contracts given to disgraced Indian Satyam computers

Disgraced Indian IT company Satyam has got another blow. They have lost another client. The United Nationas has suspended tainted company from its Secretariat's work and placed all ongoing contracts with the...

Indian government appoints new Satyam bosses, Stock surges 56%

Even as the newly appointed board of the disgraced Indian company Satyam Computers is meeting to draw up a rescue plan for the firm that has been at the centre of a scandal over the falsifying of accounts, the...

India moves to contain Satyam fraud fallout

Fraud by top executives inlarge companies is becominga worldwide problem but we must remember most of therm are honest."The $1 billion fraud unearthed last week at a leading Indian outsourcing firm has spawned...

Raju Arrested, Satyam Board Dissolved

Update: Raju and his brother have been arrested:Computer outsourcing giant Satyam continues to face the heat following CEO Ramalinga Raju's resignation over financial irregularities. India's government blocked Satyam's board of directors from meeting, and will be appointing...

Satyam's Raju untraceable, Regulator team in Hyderabad

A day after Ram Lingam Raju, the head of Indian outsourcing company Satyam Computer Services resigned owning responsibility for falsely inflated profits for years, there is no trace of him.  The...

Ramalinga Raju: Profile

Ramalinga Raju, the founder and chair of Satyam Computer Services, has resigned over Enron-esque "financial irregularities", as public trading on the stock of the company he built from the ground up has been suspended. Before reading the story linked above, I didn't know who...

Ramalinga Raju Chairman Satyam Computers resigns : Irregularities

Ramalinga Raju Chairman Satyam Computers (NYSE: SAY ) resigns over Financial Irregularities. A few weeks back India's leading financial daily reported that he had sent in his resignation to the Board and as it was...

world bank bans satyam for 8 years

 IT major Satyam computers is embroiled in controversy after the debacle of investing in own parent company.This move to save the parent construction company have been highly criticized heavily by the analyst an...

Satyam Buckles Under Investor Pressure : Calls Off Maytas Deal

Satyam Chairman B Ramalinga Raju had to retract his steps after a 55% drop in its ADR in NYSE in US, a loss that was directionally against the rally on  US brouses forced Satyam to call off its acquisition of...

Ingres Debuts Its Business Intelligence Appliance

SINGAPORE, Aug. 27 (ANTARA/Xinhua-PRNewswire-AsiaNet)-- Collaboration with Business Intelligence Developer JasperSoft is First Comprehensive, Open Source Application; Wipro, Satyam, TCS, Optwize Early Partners Ingres Corporation, the leading open source information...

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