Archive for January 21st, 2009

Satyam Raju admits to fund diversion

Raju admits to fund diversion
HYDERABAD: Former Satyam chairman B. Ramalinga Raju reportedly confessed to having diverted funds from the company to two other entities, Maytas Properties and Maytas Infra, promoted by his sons.A top police source indicated that the fudging of accounts, as admitted by Mr. Raju in his letter to board of [...]

Will Satyam be bought over? Tech Mahindra seems interested.

Even as investigations in the Satyam saga continue, efforts may be on to sell Satyam either as a whole or in bits and pieces. But are buyers interested and what will the deal look like?
NDTV has learnt that:

Tech Mahindra is still interested in a merger option with Satyam
Tech Mahindra is keen on a the deal [...]