Latest Byrraju Ramalinga Raju Stories
A joint British and Indian venture put in the winning bid for Satyam Computer Services, the outsourcing giant besieged by a massive fraud controversy. Tech Mahindra, a combined effort between British communications company BT Group and Mahindra & Mahindra, bid $1.2 billion for the company or $1.16 a share, Satyam's board said Monday, The New York Times reported. Tech Mahindra topped bids submitted by Indian engineering company Larsen & Toubro and U.S.
Scandal-plagued Satyam Computer Services in India has put a majority of its shares on the market, the company said. The company was rocked by an accounting scandal in January, when then-Chairman Ramalinga Raju resigned after admitting he added $1.04 billion to the company's books to make the company appear stronger.
Scandal-plagued Indian corporation Satyam Computer Services has offered itself for sale, a company board member said Wednesday. We are applying for regulatory approvals, board member Deepak Parekh, who is also chairman of the HDFC Bank, told The Hindu. The company would invite expressions of interest in the next few days.
Some of the worldâ€™s biggest companies were burned when an outsourcing partner of some powerful American companies, let the world know it was inflating its books by $1 billion.
A prosecutor in India said Satyam Computer Services Chairman B. Ramalinga Raju invented 13,000 fictitious employees to steal money from the company. S.
HYDERABAD, India, Jan. 14 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd.
- Active outreach to global clients even as customers affirm support and confidence - Senior management pledge to stay with company; sends message of assurance to approximately 53,000 associates - Will consider appointment of audit company for immediate investigation into allegations by founder and chairman Mr.
HYDERABAD, India, Jan. 8 /PRNewswire-FirstCall/ -- Satyam Computer Services Limited (NYSE: SAY) said today its top leaders have pledged to remain in the company and work jointly to steer the organization following shocking disclosures by its founder and chairman Mr.
The chairman of a leading Indian technology company resigned after admitting $1.04 billion reflected on the company's books in September did not exist. Ramalinga Raju, chairman of Satyam Computer Services, resigned Wednesday after submitting a lengthy statement to the Bombay stock exchange in which
HYDERABAD, India, Jan. 7 /PRNewswire/ -- Satyam Computer Services confirmed that it has received today a letter from its Chairman and Founder, Mr. B Ramalinga Raju.
- The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
- In medicine, cauterization.