The company has as yet to restate its financials
Over a year after Indian outsourcer Satyam Computer Services reported a major financial fraud at the company, research firm Forrester still cautions customers doing business with it.
India Central Bureau of Investigation alleges six former employees and auditors of falsifying income tax documents
India’s federal investigation agency has submitted a fresh batch of charges against several former executives and two auditors of Satyam Computer Services, alleging they filed false documents for income-tax payments.
The center in Malaysia will help deliver services to the Asia Pacific market
Indian outsourcer Satyam Computer Services has moved to a larger facility in Cyberjaya in Malaysia, with plans to make it the company's largest development and services delivery facility outside India, it said in a filing on Tuesday to the Bombay Stock Exchange.
The company says the claims from 37 companies are legally untenable
Indian outsourcer, Satyam Computer Services, has received legal notices from 37 companies, demanding the return of 12.3 billion Indian rupees (US$267 million) they claim were paid to the company as temporary advances, Satyam said in a filing on Tuesday to the Bombay Stock Exchange.
Satyam says its business is picking up following January's financial scandal
Satyam Computer Services has added 32 new clients since May, indicating that a turnaround in the scandal hit company has started, a company spokesman claimed on Wednesday.
The scandal-ridden company is trying to put the past behind it
Embattled Indian outsourcer Satyam Computer Services plans to use a new brand, Mahindra Satyam, to reflect its new ownership.
Company warns the data is not audited, and may be inaccurate
Embattled Indian outsourcer Satyam Computer Services released on Tuesday the financial information that was provided to investors at the time of the bid for a majority share in the company, though it warned that the information could be unreliable.
Indian outsourcing provider appoints Venki Prathivadi to the position of country manager
IT outsourcing provider, Satyam, has picked Venki Prathivadi to take on the position of country manager after Deepak Nangia vacated the role in May.
The loss of the UN's business was a key setback for the company
Satyam Computer Services plans to finalize a buyer for a majority stake in the company by April 30, its board said in a filing on Tuesday to the Indian market regulator.
Satyam says it has received clearance from Indian regulators to offer a 51 per cent stake in a global bidding process.
Indian outsourcer, Satyam Computer Services, said Friday that it has received permission from regulators to sell a 51 per cent stake in the company in a global bidding process.
Satyam gets chairman a day after the CEO is appointed.
The Indian government appointed Kiran Karnik as chairman of Indian outsourcer Satyam Computer Services on Friday, a day after the company's board appointed a CEO and special advisers to the company.
Satyam board appoints management advisor and investment banks, as it evaluates interest by strategic investors.
The board of Satyam Computer Services has appointed The Boston Consulting Group as management advisor, and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers to advise the company on various strategic options, including bringing in a large investor in the company.
Troubled outsourcer Satyam uses YouTube to get its message out to people.
Indian outsourcer Satyam Computer Services is turning to YouTube to get its own message across to viewers worldwide in the wake of the financial crisis in the company.
Satyam inflated employee numbers to siphon out funds from the company, a prosecutor told an Indian court on Thursday.
A prosecutor told a court in Hyderabad on Thursday that Satyam Computer Services had only 40,000 staff, rather than the approximately 53,000 staff the company has claimed.
General Electric said it would not be moving business from Satyam at this point, but patience may be running thin among Satyam's customers.
Although analysts expect that Satyam Computer Services will lose customers in the fallout of its accounting scandal, major customer General Electric said Tuesday it had not moved work from Satyam.
