Teja Raju

  • Andhra cancels Metro contract awarded to Maytas July 7, 2009

    Hyderabad: The Andhra Pradesh government on Tuesday said it has cancelled the Hyderabad Metro rail project contract awarded to Maytas Infra, run by the family of former Satyam chairman of B Ramalinga Raju. Urban Development Minister Anam Ramnarayana Reddy said the state government decided to cancel the project as the company...
  • Raju's sons move court to defreeze account May 26, 2009

    Hyderabad: The family of B Ramalinga Raju, the main accused in the multicrore fraud at Satyam Computer, has approached a local court seeking a direction to defreeze bank accounts and get back seized electronic items. In two separate petitions filed in the XIV Additional Chief Metropolitan Magistrate court by kins of...
  • 8yeartrouble for Satyam for corporate espionage January 7, 2009

    New Delhi: Satyam Computers' cup of woes seems to be overflowing, with the World Bank debarring it for eight years for alleged data theft and bribing bank officials. Fox News, a USbased broadcaster, said the World Bank has admitted to it that it had banned Satyam from all business at the...
  • Govt regulator to probe into Satyam's aborted bid January 7, 2009

    Mumbai: The Government has ordered a probe into IT giant Satyam's reversal of a major acquisition deal. According to reports, the Government will examine if the company had any malafide intention to influence the stock market. On Thursday, Satyam decided to reverse the acquisition of two grouppromoted companies just hours after...
  • Satyam buys two firms for $1.6bn; shares nosedive December 16, 2008

    New Delhi/New York: Satyam Computer on Tuesday announced a Rs 8,000crore acquisition of two infrastructure firms promoted by the sons of IT major's chief Ramalinga Raju but stiff resistance from investors led to its shares losing over half of the value in the US market. India's fourth largest IT company announced...