Satyam Computer Services News

Stocks discussed on the lightning round s ession of Jim Cramer's Mad Money TV Program, Friday November 20.

The CBI on Saturday arrested Satyam's internal audit head VS Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm.

Raju and its former CFO Vadlamani Srinivas on November 12 had filed a petition in the XIV Additional Chief Metropolitan Magistrate court seeking its permission to use laptops to enable their defence in various cases.

India can learn from the latest story of big money and bigger woes. In just one year in 2007, 52-year old Sri Lankan multi-billionaire Raj Rajaratnam received a $200 million paycheck from his New York-based hedge fund firm Galleon ~ enough for him and his grandchildren to live in luxury for a lifetime.

Mahindra Satyam, the new identity of Satyam Computer Services Ltd, has announced a strategic alliance with Gen-i, one of Australasia's leading ICT services providers for migration to Wndows 7-based services.

India's fraud office will file charges this month against the founder of outsourcer Satyam after he admitted to falsifying profits in the nation's biggest corporate fraud, a minister said Monday.

The total stake sale of 8.13 crore shares or 6.90% is expected to fetch L&T more than Rs 900 crore at an average share price of more than Rs 100 per share.

Surabhi Agarwal Posted: Monday, Nov 09, 2009 at 2213 hrs IST Updated: Monday, Nov 09, 2009 at 2213 hrs IST : After a deep lull, the Indian IT industry is buzzing with talk of mergers & acquisitions.

New York, Nov 10 Satyam Computer Services Ltd., the company at the centre of India's biggest corporate-fraud inquiry, said U.S. lawsuits filed against it should be dismissed because its home country is the proper place for the litigation.

Hyderabad: Global consulting and IT services provider Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, today announced the appointment of Sudhir Nair as senior vice president and head of infrastructure services, based in Bangalore.

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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.