April 2009
Tech Mahindra, partly owned by BT Group Plc Wins Bid for Satyam Computer!
Scam-tainted Indian software company Satyam Computer Services Ltd. Monday named a 17.56 billion rupees ($352.6 million) offer by a Tech Mahindra Ltd. unit as the highest bid for a 31% stake in the company. L&T and Wilbur Ross, the other two contend...
January 2009
Is Satyam Scandal The End Of Indian Outsourcing?
After Former Satyam Chairman B. Ramalinga Raju admitted last week that he had illegally boosted Satyam’s earnings numbers and created a fictitious cash balance of more than $1 billion. Satyam Scandal exceeding $1.5 billion by Satyam Computer Serv...
Credibility of Indian corporate governance: Wipro and Megasoft Joins Satyam in World Bank Blacklist
It looks like the world bank’s tirade against Indian companies is just pickup up steam. More companies were included the the blacklist, that would be barred from engaging with World Bank and a number of years. The bank had already announced the debar...
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