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Engineering major Larsen and Turbos today said it is not disappointed that it lost the race for erstwhile Satyam Computer, which was embroiled in an accounting scam, and said it is still looking for specialised IT companies for acquisition. "The company...
Tags: Satyam Computer, Mahindra Satyam, erstwhile satyam, L&T, India, Mumbai
The CBI arrested Satyam's internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm. The CBI spokesman here said the agency has arrested...
Tags: CBI, Prabhakar Gupta, Satyam Computer, Mahindra Satyam, internal audit, Mauritius, India, New Delhi, Pratibha Patil, Crime in India, Kiliroor Sex Scandal, Maytas, Corporate crime, Byrraju Ramalinga Raju, Law Crime
The company further said that the "confession letter dated January 7, 2009, of Ramalinga Raju, former Chairman of the company, also refers to net amount of Rs 1,230 crore arranged to the Company by the 37 companies." After Raju's disclosure about financial...
Tags: Mahindra Satyam, Satyam Computer, Tech Mahindra, legally notices, New York City
Khurshid said. "There could be a case of siphoning of funds from Satyam to other entities, we are looking into it and it is tough to say anything on that issue right now," he added. The Central Bureau of Investigation (CBI) is searching for evidence of...
Tags: india corporate week, inclusive growth, Satyam Computer, India, india corporate, corporate affairs, affairs minister, Ramalinga Raju, Salman Khurshid, minister salman, New Delhi, Mahindra Satyam, Byrraju Ramalinga Raju, PricewaterhouseCoopers, Securities and Exchange Board of India, Sfio, Corporate crime, Economy of India, Software companies of India, Law Crime, Federation of Indian Chambers of Commerce and Industry, Corporate governance, Education in India, Institute of Cost and Works Accountants of India, ASSOCHAM, Business Finance, Central Bureau of Investigation, Fraud, Sify, Telugu people, Accounting scandals, Tech Mahindra, Mahindra & Mahindra Limited, Outsourcing
CLB nod to Satyam to appoint statutory auditor Updated on Thursday, October 15, 2009, 20:38 IST New Delhi: Nearly 10 months after the Rs 10,000-crore scam surfaced in Satyam Computer, the Company Law Board today allowed the IT company to convene its...
Tags: Satyam Computer, Mahindra Satyam, statutory auditor, CLB, allowed satyam, finalise accounts
The New York-based GE has similar contract with 11 other technology vendors worldwide. "We recognise the support extended over the years by Satyam and their commitment to delivery excellence even during tyring times," GE's global development centre leader...
Tags: Mahindra Satyam, Satyam Computer, Satyam Mahindra, Mallika Sherawat, million dollar, ge extends, India, New Delhi
Mahindra Satyam said it is seeking an end to the eight-year old ban imposed by the World Bank on Satyam Computer which has since then assumed its new identity --Mahindra Satyam. The ban was imposed on Satyam Computer for allegedly providing improper benefits...
Tags: Mahindra Satyam, Satyam Computer, United News of India, Indiatimes, O C Tanner, India, New Delhi
In a bid to improve disclosure and accounting norms for listed companies, a committee of the Securities & Exchange Board of India made a few proposals. The market regulator’s committee, in a discussion paper on Monday, recommended changes in the way companies...
Tags: Sebi, Satyam Computer, market regulator, financial officer, exchange board, chief financial, listing companies, India, Mumbai
The delay in taking the investigation forward might lead to crucial evidence getting destroyed," CBI counsel T Niranjan Reddy told the Andhra Pradesh High Court on Wednesday while presenting his argument on conducting polygraph test on Raju. It was after...
Scam-hit Satyam Computer has entered again the elite club of the top 100 companies in terms of market valuation — a status it had lost after being hit by the country's biggest corporate fraud. Following a sharp rally seen in its share price last week...
Tags: Satyam Computer