@Satyam
'Infy will Not Poach from Satyam'
by CXOtoday Staff    Jan 12, 2009
Category : News & Analysis
Technology : Infrastructure
Infosys founder and chief mentor N R Narayana Murthy issued a statement saying Infy will not act on CVs received from Satyam employees. At a time of crisis, it is important that the industry acts in a responsible and credible manner. We...
Satyam saga: Vadlamani's confessions
by Kumar Deep    Jan 12, 2009
Category : News & Analysis
Technology : Infrastructure
Srinivas Vadlamani, who has been given 14 days judicial custody in the Satyam financial scam case, said bank deposits were handled directly by chairman and managing director, and he was specifically asked not to look into this. Other...
New Satyam board addresses media
by UTVi Desk    Jan 12, 2009
Category : News & Analysis
Technology : Infrastructure
Parekh said the full board will appoint the chairman, and added that the financial statements would be restated soon. An indepedent accounting firm would be appointed in 48 hours to do this as well as announce Q3 results.   He added...
Wipro Joins Satyam in WB Blacklist
by CXOtoday Staff    Jan 12, 2009
Category : News & Analysis
A World Bank statement yesterday has blacklisted three IT firms, including Wipro and Satyam. The statement was posted on the bank's official website. According to the statement, Satyam has been banned for a period of eight years for...
Nasscom Welcomes New Satyam Board
by CXOtoday Staff    Jan 12, 2009
Category : News & Analysis
Technology : Infrastructure
Nasscom, the apex body of the IT-BPO industry, welcomed the appointment of Deepak Parekh, Kiran Karnik and CK AChuthan, to the Satyam board.   We are confident that this will help to ensure business continuity, build confidence and...
New Satyam Board to Meet Today
by CXOtoday Staff    Jan 12, 2009
Category : News & Analysis
The government on Sunday appointed a three-member board comprising Deepak Parekh, chairman HDFC, Kiran Karnik, former Nasscom president, and  C. AChuthan former Sebi member to bail Satyam out of the current crisis.   Prem Chand...
R. Raju to Meet SEBI Officials Tomorrow
by Kumar Deep    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
Bharat Kumar, lawyer of Ramalinga Raju, said the meeting with officials of Securities and Exchange Board of India (SEBI) is over, and added that Raju has asked for 24 hours to depose before Sebi officials.  Kumar said Raju is...
Satyam Scam Creates Online Frenzy
by Techtree Staff    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
The online buzz, the ongoing Satyam Saga, created is something worth talking about. Whether it is social networking websites, job portals, or individual blogs, this news has triggered action everywhere. Suddenly people have something to think...
TCS, Wipro Play Waiting Game, Patni Makes its Move
by CXOtoday News Team    Jan 09, 2009
Category : News & Analysis
Days after the biggest scandal to rock the Indian IT sector, everyone is now waiting to see what the other major IT players will make of this situation.   Surjeet Singh, CFO and chief of operations of Patni Computers has termed...
Satyam, A Wake-up Call: Kotak
by UTVi Desk    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
Uday Kotak, executive vice-chairman and MD of Kotak Mahindra Bank, says the Satyam fraud is a wake-up call for India Inc. He said Premji and Narayana Murthy are models of outstanding corporate governance and there are lessons for India...