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The Satyam Saga and the Indian IT Industry: Part II
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January 19, 2009
The Satyam fiasco exposed how easily one person obliterated the corporate governance standards in the Indian Silicon Valley, casting a shadow of uncertainty over the entire industry. Analysts are looking at how the debacle would affect profits of the beleaguered company's rivals and the impression of the industry as a whole. |
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Satyam hearing starts at Hyderabad court, Government denies chances of a bail out
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January 16, 2009
A Hyderabad court has started hearing three separate petitions in the Rs 7,000 crore Satyam scam including B Ramalinga and his brother and former CFO Vadlamani Srinivas.However, the court has denied access to SEBI to interrogate the former chief Ramalinga.
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Wanted: A turnaround man to head Satyam
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January 15, 2009
The lookout for the next chief of Satyam in on. Some of the likely candidates are: |
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Himachal to get Rs 2,000-crore nano-tech park
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January 15, 2009
Himachal Pradesh will soon emerge as a nano-business valley as the state government has proposed to set up a Nano-Biosym technology park in collaboration with the department of science and technology of the Union government. |
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Infosys weathers the Satyam-induced industry storm with higher than expected profits
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January 14, 2009
After what was definitely a sad New Year beginning to the Indian IT industry, Infosys revealed its impressive 33% third quarter income much to the respite of India's Silicon Valley.
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The Satyam Saga and the Indian IT Industry
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January 13, 2009
As the two Raju brothers while away their time in prison till the next hearing on the 16th of January, investors stumble across baffling details of the seven year long fudging exercise that went on at Satyam Computers. Adding to the miseries of the IT industry is the World Bank's revelations on the bans it had served to other Indian companies like Wipro and Megasoft.
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Global Meltdown and IT Sector
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January 12, 2009
Global meltdown might have had an adverse effect on the Indian IT-BPO sector. But, IT bigwigs believe it is no longer a big threat to the sector. Many even feel there is a fair chance of recovery in about six months. |
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Government appointed triumvirate to save Satyam
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January 12, 2009
The key shapes appear as the dust settles from the storm that India's greatest corporate fraud kicked up. |
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R. Raju and Satyam: India's greatest corporate frauds
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January 09, 2009
R. Raju discloses the largest corporate fraud of India in his letter of resignation to the board. The misrepresented amount was to the tune of Rs. 7000 crore. |
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Ramalinga Raju admits fraud, quits Satyam
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January 08, 2009
In an announcement sent to the stock exchanges, Satyam Computer Services said Chairman B Ramalinga Raju has resigned from the board. |
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