Hyderabad, INDIA, January 23, 2009: Satyam Computer Services Limited (NYSE: SAY) today announced key decisions concluded at its Board meeting, held on 22nd and 23rd January, 2009 in Hyderabad.
This meeting, the third in thirteen days since its reconstitution, was chaired by Mr. Tarun Das. The meeting focused on issues that are a priority for ensuring [...]
The former chairman of Satyam Computer Services inflated the size of the outsourcing company’s workforce by nearly a quarter and siphoned off the wages of fake employees, Indian authorities have claimed.
Allegations from the public prosecutor in Hyderabad, southern India, are the first time the authorities have revealed the results of their investigations into India’s worst [...]
NEW DELHI, Jan 21 (Reuters) - Many companies are interested in buying embattled Indian software exporter Satyam Computer Services (SATY.BO), the federal corporate affairs minister said on Wednesday, but gave no further details.
“There are many corporate houses, they are interested in this,” Prem Chand Gupta told reporters on Wednesday.
“The government has not taken any view [...]
NEW DELHI: The Company Law Board (CLB) on Wednesday directed Satyam Computer Services’ erstwhile chairman, B. Ramalinga Raju, and four other former top functionaries, including R. Rama Raju, not to sell or mortgage their shares and other assets without its prior permission.
Passing the order on an application moved by the Centre, the CLB also directed [...]
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