Satyam Computer Services News

IT major Mahindra Satyam today said it has appointed Hari Narayanan as head of new business development in Japan.

Jaiprakash Associates surged more than 9%. Tata Consultancy and Satyam Computer Services gained on the win of outsourcing contracts in Europe.

Press Trust of India Posted: Thursday, Nov 05, 2009 at 2346 hrs IST Updated: Thursday, Nov 05, 2009 at 2346 hrs IST New Delhi: Accounting regulator ICAI on Wednesday agreed to withdraw disciplinary proceedings against audit firm Price Waterhouse Delhi for its alleged involvement in the multi-crore scam in Satyam Computer Services.

PricewaterhouseCoopers, the city-based audit firm Wednesday approached the Delhi High Court seeking quashing of proceedings initiated by the government following the Rs.78,000-crore Satyam scam.

'Within the company law framework, we don't have a system of compensation ... this is the major lacuna we are trying to address in the Bill ,' corporate affairs minister Salman Khurshid said on Wednesday.

NEW DELHI: A CBI team has left for Mauritius and the United States to probe alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to these countries.

Crisis-hit Maytas Infra on Monday said the Company Law Board has given time to the company to report its accounts for the quarter ending September by 31 December.

BANGALORE: The mini-ratna company BEML, which was accused in the Comptroller of Auditor Generala s report 2009-10, of a oeinflating salesa - something similar to what former Satyam chairman Ramalinga Raju did, has denied charges stating that it has adhered to all of the companies accounting policies and standards.

India is more than an emerging economy . Mumbai and Bangalore, together, may be the world's next alternative to Silicon Valley.

Top officials of the Central Bureau of Investigation are in Mauritius as part of the investigation into the multi-crore Satyam scam, which its founder B Ramalinga Raju confessed to in January.

Suggests settlement initiated by Sebi. Audit company Price Waterhouse has decided to pursue consent proceedings with the Securities and Exchange Board of India to settle the Satyam audit case under the Fraudulent and Unfair Trade Practices norms.

Hyderabad, Oct 21 : Mahindra Satyam, the new brand identity of Satyam Computer Services Limited, a leading global consulting and IT services provider, today announced that it has secured many contracts in the MENA region, totalling to AED 30 million in the second quarter of FY 09-10. This follows the recent launch of its new corporate identity, ...

HYDERABAD: A division bench of the High court, consisting of Justice DSR Varma and Justice Reddy Kanta Rao, today dismissed as infructuous a writ petition filed against former chief minister YS Rajasekhara Reddy for his alleged involvement in the Idupulapaya land controversy.

Mahindra Satyam, the post-acquisition avatar of scam-hit Satyam Computer Services, has initiated talks with the NYSE after New York Stock Exchange Regulation Inc wrote to the company stating that it would be included in the 'late filers' list on 22 October.

Anil Kumar, charged with other executives over the biggest hedge fund insider-trading scheme, has sought leave from the board of a top Indian business school that he helped set up.

The government has formed a committee with representations from market regulator Sebi, CBI and Enforcement Directorate to expedite investigation in the over Rs 10,000-crore accounting scam in IT firm Satyam Computer.

There has been a lot of discussion recently on the impact of the judgment of the Supreme Court of India in the case of Venture Global Engineering Vs.

Global IT outsourcing can be defined as a strategy that allows corporations to redesign, redefine, and reshape organizations by transferring the management and/or day-to-day execution of a business function to an external service provider.

Gunjan Sharma Posted: Friday, Oct 09, 2009 at 0123 hrs IST Updated: Friday, Oct 09, 2009 at 0123 hrs IST New Delhi: Though Satyam Computer Services founder Ramalinga Raju's is seeking a life out of the jail, he will have pretty much less to bank upon even if he gets a bail.

In June this year, Satyam had initiated a 'virtual pool programme' for close to 10,000 surplus employees, that allowed 'excess' talent pool in India to be retained, albeit at a reduced pay for a defined period of four to six months.