@Satyam
Satyam CFO Attempts Suicide
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
Srinivas Vadlamani, CFO of Satyam, who is thought to be involved in one of the major IT company's scam, has attempted a suicide in a house in Ameerpet near Hyderabad. Significantly, in Raju's letter to Securities and Exchange Board of India...
Satyam's Immediate Rescue Plan
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
At the press conference in Satyam's headquarter, Hyderabad, Mynampatti announced the following immediate actions to be carried out or being taken by the leaders. Formulation of a task force to address all ongoing operational issues...
Satyam Will Draw Ugly Headlines for Weeks: Credit
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
Companies will now find it difficult to hide losses. Although nobody could have forecasted a Satyam-like episode, analysts at brokerage firm Credit Suisse in a paper on India strategy said, " there are reasons why we have been afraid of...
Maytas Infra Director and Chairman Sinha Resigns
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
Technology : Infrastructure
R C Sinha, chairman and non-executive director of Maytas Infrastructure has resigned on Jan 6, said the company in a statement. Sinha, reportedly a close friend of Raju, resigned citing personal reasons, but it is a clear case to cover up...
Satyam's Top Leaders Commit to Stay
by CXOtoday Staff    Jan 09, 2009
Category : News & Analysis
The leaders in their joint statement, pledged commitment, unity and determination, and steer the company through the crisis.   The pledge was taken at the Satyam's headquarter Hyderabad - hours after the Ramlingum Raju s...
Satyam may Dent Brand IT
by Pallavi Lotlikar, UTVi    Jan 09, 2009
Category : News & Analysis
Technology : Hardware & Software
The resignation and disclosures made by Ramalinga Raju, the chairman of Satyam Computer Services did arouse a general sentiment of shock and anger. No doubt Satyam will face the heat for it's failure in corporate governance but entire IT...
Was Satyam Just Plain Unlucky?
by Abhinna Shreshtha    Jan 08, 2009
Category : News & Analysis
India's fourth largest IT major - Satyam's run of bad luck came to a head yesterday with founder and chairman - Ramalinga Raju's admittance that balance sheet statements had been falsified. Now that thing have become clearer (or muddier,...
"Remaining in Business Top Priority": Satyam
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
The top management of Satyam Computers, which has been battered by revelations of massive accounting fraud, said their immediate goal is to remain in business. The company is speaking to its top 100 clients individually, and says it has...
Satyam Removed from the Benchmark Indices
by CXOtoday Staff    Jan 08, 2009
Category : News & Analysis
The National Stock Exchange yesterday removed Satyam from its benchmark index Nifty. Satyam will be replaced by Reliance Capital with effect from January 12. It will also remove Satyam from its S&P CNX Nifty 50-share index from the same...
Satyam not Alone under Scrutiny
by Tabrez Khan    Jan 08, 2009
Category : Columns
Technology : Infrastructure
Corporate governance has emerged as the biggest buzzword over the last few days courtesy the Satyam chairman's admission to financial irregularities. While the interest shown by various individuals and groups in safeguarding shareholder and...