@Satyam
SEBI to Question Raju in Satyam Case
by UTVi Desk    Feb 03, 2009
Category : News & Analysis
Technology : Infrastructure
The Supreme Court today allowed Securities and Exchange Board of India (SEBI) to question Ramalinga Raju in the Satyam case. The market regulator had approached the apex court after being denied permission by the Andhra Pradesh High Court to...
Don't hurry into a Satyam deal: Haldea
by UTVi Desk    Feb 03, 2009
Category : News & Analysis
There is a huge dent in the company s (Satyam) image worldwide and that cannnot be restored by just a takeover. We should not hurry to fix an offer price based upon any random parameters, he said. A lot of thing needs to be put...
L&T leads Satyam Buyout Race
by UTVi Desk    Feb 02, 2009
Category : News & Analysis
After spending around Rs 700 crore ($140 million) on its stake, L&T, India's leading engineering and construction firm, has become Satyam's biggest shareholder as the government-appointed board of Satyam is seeking a strategic investor...
Spice has Money to Buy Satyam: B K Modi
by UTVi Desk    Jan 30, 2009
Category : News & Analysis
B K Modi, Chairman of Spice Group, says the group has money to buy Satyam. He said the Spice Group has Rs 2,700 crore in cash and, if needed, group companies will be used to raise more."It's not how much we pay, but how much we put into...
Khusrokhan, Datta May Join Satyam Board
by CXOtoday Staff    Jan 29, 2009
Category : News & Analysis
Technology : Infrastructure
According to reports, Homi Khusrokhan may be inducted as executive director on the board of Satyam Computer. Homi Khusrokhan is an M&A specialist, who has earlier been associated with the Tata group since early 2000s, having served as MD of...
PWC's Thomas Mathew Steps Down
by CXOtoday Staff    Jan 28, 2009
Category : News & Analysis
Technology : Infrastructure
Thomas Mathew, assurance leader at former Satyam auditor, PriceWaterhouseCoopers has announced that he will step down from this role with immediate effect. A PwC statement said that Mathew had no connection with the audit of Satyam. ...
L&T Not Averse to Upping Stake in Satyam
by UTVi Desk    Jan 27, 2009
Category : News & Analysis
Larsen & Toubro (L&T) is not averse to hiking its stake in Satyam to over 15%, but does not intend to take any management role.   In a conference call, the company management said the fall in prices of L&T shares was not...
Tags: Satyam, L and T
Satyam Board Short-lists Names for CEO
by CXOtoday Staff    Jan 23, 2009
Category : News & Analysis
Technology : Infrastructure
The new board of Satyam Computer has short-listed three people to take over as chief executive officer (CEO) and chief financial officer (CFO). The board is expected to announce the final team within a week.   The board will also...
Why is L&T Infotech keen on Satyam?
by UTVi Desk    Jan 23, 2009
Category : News & Analysis
L&T Infotech has evinced a lot of interest in Satyam recently. Apart from operational and vertical synergies, it will give L&T a back-door entry into the stock exchanges.Here are the major reasons why L&T Infotech is interested in...
Satyam Customers Approach Infotech
by CXOtoday Staff    Jan 23, 2009
Category : News & Analysis
BVR Mohan Reddy, chairman & MD of Infotech Enterprises (INFOTECENT) has said that some customers of Satyam Computer Services had approached the company. Infotech did not name any customers in its statement to the stock exchanges. Earlier,...
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