SATYAM CHAIRMAN

  • Day 6: Kalam quits Satyam NGO, PwC in trouble January 13, 2009

    New Delhi: When former President APJ Abdul Kalam decided to become chairman Emeritus at the Satyamfunded NGO Emergency Management and Research Institute (EMRI), little did he know that he was associating himself with one of corporate India's biggest scandals. Following the Satyam scam, Kalam has decided to resign. Other top...
  • Court adjourns SEBI petition to interrogate Rajus January 12, 2009

    New Delhi: Market regulator SEBI, which is looking into the Satyam case will have to wait for at least another four days before it's allowed to interrogate the Rajus. In Hyderabad, where Satyam is headquartered, Additional Chief Metropolitan Magistrate D Ramakrishna adjourned to Friday the hearing on at least three...
  • Satyam's new board meets | Stock up 50 pc January 12, 2009

    Hyderabad: Satyam's threemember board constituted by the government yesterday met for the first time here today to discuss ways to get the IT company back on track. Eminent banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achuthan arrived at the Infocity campus of Satyam for the meeting,...
  • Satyam fiasco: TDP alleges YSR govt favoured Maytas January 11, 2009

    New Delhi: The Satyam Computer crises, billed as corporate Indias biggest fraud, is beginning to see a political fallout. Opposition parties in Andhra Pradesh have now cornered the YS Rajasekhara Reddy government for allegedly favouring Maytas Infra, which is promoted by Satyams disgraced founder B Ramalinga Raju's sons. Telugu Desam Party has...
  • All eyes on Satyam, day two brings no end to nightmare January 9, 2009

    Hyderabad: It was day two of the Satyam Saga and things had not improved much. "We will maintain transparency," promised Satyam governing members, barely 36 hours after corporate India got its worst shocker. They swore that they were not party to the scam and were even unaware that such a thing was...
  • Satyam's Interim CEO reassures worried employees January 8, 2009

    New Delhi: A blanket of silence has fallen over Satyam. There has been no communication between management and midlevel management and employees and the BPO operations have been upset. Clueless employees are now asking questions about the validity of the company and its products. Former Satyam Employee, NSR Murthy says, "Something...
  • Where is Ramalinga Raju? | Satyam faces lawsuit in US January 8, 2009

    Hyderabad: Where is B Ramalinga Raju? Everyone is trying to find an answer to the question after the chairman of Satyam Computers resigned on Wednesday confessing to a Rs 7,000 crore fraud. A team of officials from market regulator Securities and Exchange Board of India (SEBI) will arrive in Hyderabad...
  • Funny side up: Frauds are waiting to happen January 7, 2009

    The author, PV Subramanyam, write from moneycontrol.com. The views and ideas expressed in this article are his own. I am more than convinced that frauds are just waiting to happen. You need to put in a little effort, that's all. Let's say, you want to start a 'we save stray dogs...
  • Satyam shocker: Mkts down 749 pts | Satyam's sorry January 7, 2009

    Satyam Computer Services founderchairman B Ramalinga Raju has resigned from the IT major's board after admitting a multicrore fraud in the company's accounts. ...
  • Satyam's crack team | Directors shocked | Timeline January 7, 2009

    Satyam Computer Services founderchairman B Ramalinga Raju has resigned from the IT major's board after admitting a multicrore fraud in the companys accounts. ...
  • Beleaguered Satyam forms crack team for firefighting January 7, 2009

    New Delhi: Battered IT bellwether Satyam Computer Services Ltd on Wednesday formed a crack team to run the daytoday operations of the beleaguered company following the dramatic resignation of its founderchairman and managing director from the board. In a letter to Satyams 53,000 employees, interim CEO and wholetime director Ram Mynampati...
  • Satyam Timeline: How the scam unfolded January 7, 2009

    New Delhi: Satyam Chairman, Ramalinga Raju has admitted to fraud, but the scent of a scam has been in the air since midDecember last year when Satyam's bid to buy the familyowned Maytas Properties and Infrastructure failed. Here is the chain of events leading up to Wednesday's admission. December 16: Satyam...
  • Satyam shocker: Mkts 749 pts down as investors panic January 7, 2009

    Mumbai: The Indian equities markets dropped sharply after Satyam chairman and cofounder B Ramalinga Raju revealed that the company was involved in a fraud of about Rs 40 billion over several years. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 7.25 per cent or 749.05 points to...
  • Satyam 'apologises', vows to emerge stronger January 7, 2009

    Hyderabad: Indias two leading business chambers expressed their shock at Satyam Computers founderchairman B Ramalinga Rajus revelation of accounting frauds but the interim chief of the IT giant was confident that the company would emerge stronger. ''This is the time to prove to the world that we are united and will...
  • Satyam chief's truth 'horrifies' market regulator January 7, 2009

    Mumbai: Satyam Computers chief B Ramalinga Rajus admission of fraud in the companys is an event of horrifying magnitude," the countrys market regulator has said. "This is an event of horrifying magnitude and it's first of its kind," said C B Bhave, chairperson of the Securities and Exchange Board of India...