News

• Investors urge caution on Satyam merger

  By John Ribeiro | 29 December, 2010 10:43

  he company is likely to be merged with parent company Tech Mahindra

• Satyam seeks new extension to file financial results

  By John Ribeiro | 15 June, 2010 01:54

  Indian outsourcer Satyam Computer Services informed the Bombay Stock Exchange (BSE) on Monday that it has applied to India's Company Law Board (CLB), seeking an extension to Sept. 30 for filing its 2008 and 2009 financial results.

• Satyam still risky a year after fraud revealed: Forrester

  By John Ribeiro | 09 March, 2010 01:53

  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.

• Fresh charges laid against Satyam execs

  By ARN Staff | 08 January, 2010 11:50

  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.

• Satyam opens its largest services center outside India

  By John Ribeiro | 02 December, 2009 07:26

  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.

• Satyam faces claims of about US$267 million

  By John Ribeiro | 18 November, 2009 02:49

  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.

• Indian outsourcer Satyam adds 32 new clients since May

  By John Ribeiro | 17 September, 2009 07:35

  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.

• Satyam uses Mahindra Satyam brand to reflect new owners

  By John Ribeiro | 22 June, 2009 04:09

  Embattled Indian outsourcer Satyam Computer Services plans to use a new brand, Mahindra Satyam, to reflect its new ownership.

• Satyam finally reveals financial data showing revenue slid

  By John Ribeiro | 09 June, 2009 16:22

  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.

• Satyam gets new leader

  By Trevor Clarke | 01 June, 2009 14:45

  IT outsourcing provider, Satyam, has picked Venki Prathivadi to take on the position of country manager after Deepak Nangia vacated the role in May.

• Satyam hopes to finalize bidder by April 30

  By John Ribeiro | 25 March, 2009 05:38

  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 to sell majority stake in global bid

  By John Ribeiro | 06 March, 2009 16:33

  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.

• Indian government appoints Satyam's chairman

  By John Ribeiro | 09 February, 2009 08:34

  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 appoints management advisor, investment banks

  By John Ribeiro | 28 January, 2009 08:47

  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.

• Satyam turns to YouTube to get its message across

  By John Ribeiro | 28 January, 2009 08:00

  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.