Troubled software exporter Satyam on Tuesday said it has been approached for takeover by domestic and foreign companies, the IT company’s board member Tarun Das said.
The board will meet for two days starting January 22 in Hyderabad and would discuss issues such as search for CEO and CFO, legal matters and immediate cash requirements to [...]
HYDERABAD: On a day when Andhra Pradesh chief minister Y S Rajasekhara Reddy denied in New Delhi that his state government had accorded any political patronage to the disgraced former chairman of Satyam, B Ramalinga Raju, a government order (GO) has revealed that 50 acres of land were allotted to Satyam in Visakhapatnam for developing [...]
The Satyam scam is undoubtedly having far reaching ramifications not just on how corporate frauds are perpetrated but also the conduct of the auditors.
PricewaterhouseCoopers is facing the heat for having neither prevented nor detected the frauds. So where exactly was the lacunae?
The pressure is building on PricewaterhouseCoopers and the auditor may just be showing signs [...]
Satyam’s former chief Ramalinga Raju has spent his first two days in CID custody and police sources told NDTV that it hasn’t been able to get much out of him.
Raju was taken out of Chanchalguda jail around noon on Sunday to the CID office, where he will be till 10 am on Thursday.
On Sunday, Raju [...]
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