Tag: satyam

Satyam founder granted bail in fraud case 
Aug 18, 2010 | Comment Now 
Raju released on medical grounds.
 
Victoria loses $75m software investment, 2000 jobs 
By Munir Kotadia | Sep 11, 2009 | Comment Now 
Mahindra Satyam pulls out of Geelong project.
 
CIOs warned against long outsourcing contracts 
By Brett Winterford | Jul 30, 2009 | Comment Now 
Ten years? Tell him he's dreaming.
 
GlaxoSmithKline extends SAP contract with Mahindra Satyam 
By Angelica Mari | Jul 13, 2009 | Comment Now 
First significant deal after Tech Mahindra’s takeover of the fraud-hit Indian firm.
 
Satyam rebrands and announces new "corporate values" 
By Angelica Mari | Jun 23, 2009 | Comment Now 
Trades scandals for "dignity" and “good corporate citizenship”.
 
Telstra awards $1.19 billion of services deals 
By Ry Crozier | Jun 9, 2009 | Comment Now 
EDS and Infosys will pick up the lion’s share of application development and maintenance contracts up for grabs after Telstra dumped Satyam in March.
 
Satyam staffer appointed as head of A/NZ 
Jun 2, 2009 | Comment Now 
Global IT service company shakes off board scandal and appoints new country manager for the Australia and New Zealand region.
 
Indian government files charges in Satyam scandal 
By Shaun Nichols | Apr 9, 2009 | Comment Now 
The Indian government has officially filed charges against nine individuals believed to be connected to the accounting scandal at outsourcing firm Satyam.
 
Satyam disputes WHO audit report  
By Rosalie Marshall | Feb 6, 2009 | Comment Now 
Satyam has disputed an audit report which highlighted problems in its contract with the World Health Organisation (WHO) for the development of a US$55.5m global business ...
 
PwC auditors accused of assisting Satyam fraud 
By Rosalie Marshall | Feb 2, 2009 | Comment Now 
Two PricewaterhouseCoopers (PwC) auditors stand accused of helping Satyam chairman Ramalinga Raju to inflate the company's profits by 50.4bn rupees (US$1 billion) in a scandal ...
 
Wipro, Megasoft implicated in World Bank procurement scandal 
Jan 13, 2009 | Comment Now 
Two more Indian firms have been barred from doing business with the World Bank, less than a month after details of Satyam’s eight-year ban were revealed.
 
NAB future with Satyam ‘under review’ 
By Ry Crozier | Jan 9, 2009 | Comment Now 
The National Australia Bank has confirmed the future of its services contract with Satyam is ‘under review’ following revelations of a US$1 billion accounting fraud at the ...
 
Satyam says customers remain supportive 
By Rosalie Marshall | Jan 9, 2009 | Comment Now 
India’s fourth largest outsourcing provider, Satyam, is busy reassuring customers that business will continue as usual following the financial fraud committed by the company’s ...
 
Qantas has 'alternatives' in wake of Satyam scandal 
By Ry Crozier | Jan 8, 2009 | Comment Now 
Qantas has described the business risk currently posed by Satyam’s US$1 billion accounting scandal as ‘manageable’ but said it could activate ‘alternative’ arrangements if the ...
 
Satyam chairman admits to US$1bn fraud 
By Rosalie Marshall | Jan 8, 2009 | Comment Now 
The chairman of Satyam, one of India's largest outsourcing providers, has resigned after admitting to inflating profits for seven years, amounting to a sum of 50.4bn rupees ...
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