@Satyam
Foreign Firms Wary as Satyam Trial Looms
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
The fraud committed by founder of the now stained Satyam -- Ramalinga Raju, has left corporate lawyers in a quandary. International corporate accounts handled by these lawyers are now seeking a more detailed report of the Indian companies they...
SAP, Oracle Assure Customer Support
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
Speaking on the current situation at Satyam, SAP said, "We are monitoring the situation. In light of today's news, we want to assure Satyam clients who are running SAP that we remain focused on the success of SAP customers"Meanwhile,...
Ramalinga Raju Absconding?
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
Technology : Infrastructure
The Securities and Exchange Board of India (SEBI) has sent a team of officials to Hyderabad to begin probes amid speculations of the impending arrest of Satyam founder - Ramalinga Raju. However, Raju seems to have vanished into thin air. ...
Satyam fiasco outrageous: Joseph Foresi
by UTVi Desk    Jan 08, 2009
Category : News & Analysis
UTVi spoke to Foresi further on this issue:   What will be the fallout for the rest of the industry?   Foresi: There's no reason to assume their books are cooked. They all have different auditors. A scheme like this...
Tags: Foresi
YSR Urges Team to Manage Satyam Affair
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
He has urged the ministers to constitute a management team comprising Azim Premji (chairman, Wipro), Narayana Murthy (non executive chairman, Infosys) and S. Ramadorai (CEO and MD) for the same. A copy of the letter were also CCd to...
NYSE Halts Trading Satyam Stock
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
The NYSE regulation body said it is currently evaluating the news relating to Satyam and will continue to closely monitor further developments.   It may be noted that the Satyam stock fell to a historic low of Rs.39.95 at 4 p.m. on...
Infosys Will Not Buy Tainted' Satyam
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
Technology : Hardware & Software
"We have no such interest in looking at buying Satyam... absolutely not... We will not touch any such tainted company thats very very clear," Narayana Murthy, founder and chief mentor of Infosys said in an interview to a private...
Satyam Dims India Shining Story
by Jyothi Shankaran    Jan 07, 2009
Category : Columns
Technology : Infrastructure
How wrong I was! When I defended Satyam, fraud was never even on the horizon! The questions raised were on corporate governance. I felt promoters had the right to diversify into unrelated businesses and I still believe promoters can look at...
India Inc Asks: Was the Board Really Unaware?
by CXOtoday News Team    Jan 07, 2009
Category : News & Analysis
Technology : Infrastructure
Condemning attempts to mislead stakeholders, software major Wipro has demanded a detailed investigation into the Satyam fraud case involving its founder Ramalinga Raju. Suresh Senapathy, executive director and chief financial officer at Wipro...
Mynampati Attempts to Raise Employee Morale
by CXOtoday Staff    Jan 07, 2009
Category : News & Analysis
Dear colleagues,I write this mail to update you on some critical Board and Leadership level changes in our company, effective immediately. A series of extremely unfortunate events led to this, which I am sure you have seen covered in the media...