Satyam Computers Satyam Crises

  • Satyam 'apologises', vows to emerge stronger January 9, 2009

    Hyderabad: India’s two leading business chambers expressed their shock at Satyam Computers founder-chairman B Ramalinga Raju’s 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 Raju’s admission of fraud in the company’s is an “event of horrifying magnitude," the country’s 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...