Archive for January 24th, 2009

Satyam Raju bought lands abroad as well: Prosecution

Hyderabad (IANS): Disgraced Satyam Computer Services founder B. Ramalinga Raju bought lands not only in India but in other countries also, prosecutors told a court here Friday.
The court deferred hearing on the bail pleas of Raju and Satyam’s former chief financial officer Vadlamani Srinivas to Jan 27 and that of Raju’s brother B. Rama [...]

Satyam records second biggest gain on BSE on buyout talks

MUMBAI: Beleaguered Satyam Computer on Friday recorded its second biggest ever gain on the Bombay Stock Exchange as expectations of a possible takeover of the tainted IT firm by corporates intensified further today.
On the BSE, shares of Satyam settled at Rs 38.85, up 31.25 per cent over last closing. Today’s surge records the second biggest [...]