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Articles about Raju

India may can low cost Aakash tablet project

The Indian government may pull the plug on its ambitious but misfiring plan to put a low-cost Aakash tablet in the hands of 50 million students across the country. The project has been hit by repeated delays since its 2011 launch, when British manufacturer Datawind was contracted to build 100,000 of the Android tablets. Now the …
Phil Muncaster, 25 Mar 2013
A storm is brewing (Mali, Sahel). Foto: F. Guichard & L. Kergoat, AMMA project, CNRS copyright.

Cisco eats Cloupia to control freak clouds

Here's a question: If Cisco Systems, storage partner EMC, and its virtualization and cloud minion VMware are all such good buddies in the Virtual Computing Environment, then why does Cisco need to by Cloupia, a maker of cloud management software? With VMware, and therefore EMC, buying into the virtual networking space with the …
The Register breaking news

LHC CMS yields unexpected 'new stuff'

Is there any phrase in science more exciting than “that’s odd”? MIT researchers right now would probably say “no”, since they suspect that LHC collisions may have yielded a previously-unobserved state of matter. The unusual particle patterns turned up in what was meant to be a “reference run” of the Compact Muon Solenoid …
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Satyam boss ordered back to jail

Ramalinga Raju, disgraced boss of Satyam, has had his bail cancelled by the Indian Supreme Court ahead of hearings on charges of massive accounting fraud at the reseller. Raju, his brother and and four other ex-Satyam staff implicated in the scandal, must return to prison by 8 November. The court found that because most of the …
John Oates, 27 Oct 2010
The Register breaking news

Tech Mahindra to swallow Satyam in BILLION dollar deal

The wonderful world of outsourcing is about to get a little bit smaller after Indian tech giants Tech Mahindra and Mahindra Satyam announced their intention to merge, creating India’s fifth-largest IT and outsourcing group by revenues. In reality it is Tech Mahindra in the driving seat, as the outsourcing giant bought a …
Phil Muncaster, 22 Mar 2012
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Satyam financials detail £1bn in dodgy transactions

Satyam today issued its first results since becoming engulfed in an accounting scandal early last year that almost broke the Indian services firm. The scandal erupted when B Ramalinga Raju resigned in January 2009, after writing an extraordinary letter to directors admitting inflating profits at the firm by almost a billion …
Joe Fay, 29 Sep 2010
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Satyam boss 'invented' thousands of staff

Satyam founder Ramalinga Raju added 13,000 invented employees to the firm's payroll so he could siphon off their wages, Indian prosecutors have claimed. Raju allegedly funnelled the money off through family members and used it to fund more than 400 land deals. Satyam claimed to have 53,000 employees, but in reality this was …
John Oates, 22 Jan 2009
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Satyam investigation jacks up fraud bill by 40 per cent

The Satyam Computer Services scandal has flared back into life with allegations that the fraud perpetuated at the firm was 40 per cent bigger than previously thought. India's Central Bureau of Investigation released a supplementary charge sheet today which claims that the ten people it says were behind the scam inflated revenues …
Joe Fay, 25 Nov 2009

Cisco borgs network 'guardian angel'

Networking giant Cisco Systems is acquiring privately held Pari Networks for an undisclosed sum. Pari, according to company co-founder and CEO Kishore Kumar, means "guardian angel" in Sanskrit, and the Paritra Security Appliance that the company created is supposed to be an angel watching over your network devices, doing …
fingers pointing at man

Satyam investors blow roof off building firm takeover bid

IT services giant Satyam has abandoned the takeover of two Indian building groups after investors reacted with horror to the proposal. Satyam shares fell over 30 per cent on the Indian stock exchange and more than 50 per cent in New York after it said it would pay $1.6bn for 100 per cent of Maytas Properties, which develops new …
John Oates, 18 Dec 2008
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Satyam pays $10m to end fraud probe

Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges. The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not limited …
John Oates, 06 Apr 2011
cloud

Police probe Satyam over $1bn blackhole

Indian police have begun an investigation into Satyam following the resignation of its chairman and founder B Ramalinga Raju and his apparent confession to accounting fraud. Raju stepped down on Wednesday, sending the board an extraordinary resignation letter admitting to years of puffing the figures at the services giant he …
John Oates, 09 Jan 2009
fingers pointing at man

Satyam sale possible before probe ends

Troubled Indian outsourcer Satyam is asking for formal bids from potential buyers before the final details of its fraud investigation are known. The company, which is the country’s fourth largest outsourcing outfit, wants to invite bids for a potential sale of its business as soon as regulatory approvals are completed. “While …
Kelly Fiveash, 02 Mar 2009
fingers pointing at man

Satyam shortlist gets even shorter as iGate bails

The shortlist of possible bidders for Satyam is likely to be finalised this week, after the companies made their final "expressions of interest". There is no official statement from the company, but the board is believed to have met over the weekend for final discussions. Successfully shortlisted firms will then get full access …
John Oates, 23 Mar 2009
homeless man with sign

Satyam board mulls buyers shortlist

Satyam's government-appointed board of directors met today to look at bids received for the company - the deadline for registering interest was last night. Directors have appointed former Chief Justice of India SP Bharucha to oversee the process. Interested bidders have until next Friday to provide proof of funds totalling at …
John Oates, 13 Mar 2009
cloud

Satyam rushes into arms of new auditors

Troubled outsourcer Satyam has chosen two new auditors to help management find out just how bad its financial situation is after founder and chairman Ramalinga Raju admitted he had overstated profits and cash by $1bn. KPMG and Deloitte were named in several reports as the new auditors, although a spokeswoman for Deloitte …
John Oates, 14 Jan 2009
globalisation

Satyam loses Oz contract

Australian telco Telstra is pulling the plug on a A$32m contract with Satyam and handing the work to EDS. The telco's annual applications support contract will not be renewed, despite a visit from Satyam's chief executive A S Murty last week. Telstra refused to confirm the move, revealed by the Australian, because it does not …
John Oates, 16 Mar 2009
fingers pointing at man

India could change takeover law to save Satyam

Regulators from the Securities and Exchange Board of India (Sebi) have won the right to question the Raju brothers and other Satyam staff. Ramalinga Raju and his brother Rama and the firm's CFO are all still in custody. Ramalinga wrote an explosive letter admitting a $1bn fraud, although he insisted he did not benefit personally …
John Oates, 03 Feb 2009
For Sale sign detail

Indian police raid PWC in Satyam probe

Police raided PricewaterhouseCooper's offices in Hyderabad today in connection with the ongoing investigation into the alleged billion dollar fraud at outsourcer Satyam. PWC audited Satyam's accounts and was apparently unaware of the large holes they contained. The firm's chairman admitted last week to cooking the books over …
John Oates, 13 Jan 2009
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PwC auditors fingered for Satyam fraud

Indian police have accused two PricewaterhouseCoopers accountants of colluding and conspiring with company founder Ramalinga Raju to create false accounts for Satyam. The two auditors are in police custody but have not yet been charged. "During interrogation [the auditors, Subramani Gopala Krishnan and Talluri Srinivas] …
John Oates, 30 Jan 2009
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The incredible vanishing Satyam boss

Satyam's founder and chairman B Ramalinga Raju has disappeared, a day after he admitted to years of false accounting at the outsourcing giant. Raju's lawyer insisted his client remained in Hyderabad despite conflicting reports that he had fled to Dubai or Texas. He has not been seen in public since yesterday's extraordinary …
John Oates, 08 Jan 2009
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Indian government holds Satyam execs in jail ahead of trial

Ramalinga Raju, his brother, Rama, and Satyam's chief financial officer Vadlamani Srinivas are all in prison this morning after being arrested and charged with conspiracy and forgery offences connected to the $1bn fraud at the Indian outsourcer. The three men will stay in custody until a trial, scheduled to start 23 January. …
John Oates, 12 Jan 2009
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Emulex buys ServerEngines

Emulex is buying ServerEngines, thus securing its core FCoE technology. FCoE is Fibre Channel over Ethernet, the sending of Fibre Channel data frames across an Ethernet link. There are two dominant Fibre Channel Host Bus Adapter (HBA) companies: Emulex and QLogic. Both are moving energetically into FCoE and QLogic has an …
Chris Mellor, 08 Jun 2010
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Send in the (MySQL) clones

Amazon is making it easier, and cheaper, to roll out copies of MySQL for very large websites across its cloud. On Tuesday, the company announced an update to its Amazon Relational Database Service that will let users create and delete multiple Read Replicas of MySQL instances in minutes, via a point-and-click interface. MySQL …
Gavin Clarke, 05 Oct 2010
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Indian Feds arrest more for Satyam fraud

The Central Bureau of Investigation - India's federal investigators - have arrested three of Satyam's financial staff they believe were involved in the fraud. The beancounters are suspected of helping Satyam's founder Ramalinga Ramu forge documents to provide evidence of inflated revenues to auditors. Ramu wrote a bizarre letter …
John Oates, 07 Apr 2009
fingers pointing at man

Satyam investigators start to chase missing money

The Indian government suspects Satyam's disgraced former chairman Ramalinga Raju may have diverted money into a maze of subsidiary firms. Minister of State for Company Affairs Prem Chand Gupta told the FT that there had clearly been serious irregularities in the firm's figures: "On the face of it the Registrar of Companies feels …
John Oates, 19 Jan 2009
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Rebrand ahoy for tainted Satyam

Indian outsourcer Satyam is to rebrand itself in order to draw a line under the revenue-boosting shenanigans of its ex-chief executive and founder, who is still awaiting trial. Ramalinga Raju admitted falsely inflating Satyam revenues by about $1bn. He is still awaiting trial along with two auditors from PwC accused of signing …
John Oates, 23 Jun 2009
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Satyam races to find buyer ahead of Indian election

Satyam hopes the sale of its majority stake will be completed before the Indian general election which starts in mid-April. The company has a shortlist of bidders for its business but they are likely to have to bid blind for the firm - they will be given access to Satyam's books, or rather a "data room", but the full restatement …
John Oates, 31 Mar 2009
For Sale sign detail

Big Indian outsourcer admits big problems

Indian outsourcer Satyam has confirmed the departure of two directors and an early board meeting to discuss its future after a disastrous few weeks. Satyam, India's fourth largest outsourcer, said Professor Krishna G Palepu, a non-executive director and Mr. Vinod K Dham, a non-executive and independent director, have both left …
John Oates, 29 Dec 2008
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Satyam shortlists bosses and banks

Satyam's board of directors is expected to announce a new CEO and CFO this week, and is also close to finding short-term funding. Last week they said the list had been narrowed down to three names. The group also expects to have funding in place by Wednesday. The board meets tomorow for final discussions but said the firm's …
John Oates, 26 Jan 2009
cloud

Satyam gets greenlight for sale

Indian outsourcer Satyam has won government approval to save itself from bankruptcy by selling itself off. In December Satyam all but imploded - the World Bank banned it from future bids because of bribery allegations, and then company chairman B Raju Ramalinga admitted falsifying accounts for several years by adding $1bn to …
John Oates, 06 Mar 2009
fingers pointing at man

Tech Mahindra seeks approval for Satyam takeover

Tech Mahindra, the successful buyer of Satyam, has asked European and US competition authorities to approve the takeover. Sources told the Wall Street Journal that Tech Mahindra filed for regulator approval in Europe on Monday and would do the same for US regulators on Tuesday. Four Tech Mahindra executives, including MD Vineet …
John Oates, 21 Apr 2009
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Race heats up for Satyam

The race to buy Satyam is heating up and the board could make a decision as early as this Monday. There are believed to be four bidders left in the race to buy the troubled outsourcer. These include building firm Larsen & Toubro, Tech Mahindra, Cognizant Technology and private equity investor Wilbur Ross. The four will be …
John Oates, 08 Apr 2009
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Indian government will not bail out Satyam

The Indian government has ruled out any bailout of struggling outsourcer Satyam. Ashwani Kumar, minister of state for industry, told The Times of India: "This government is not going to directly or indirectly subsidize wrong-doing and fraud in Satyam." He said the government would do what it could to save jobs at Satyam, and …
John Oates, 15 Jan 2009
The Register breaking news

World Bank bans India outsourcer Satyam for 8 years

The World Bank has barred India's Satyam Computer Services – the aid institution's largest software vendor and India's fourth-largest outsourcing company – from doing business with it for eight years. On Tuesday, World Bank confirmed earlier reports of the ban in a statement that said Satyam had provided "improper benefits" to …
Austin Modine, 24 Dec 2008
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Satyam sold to BT-backed Indian firm

Tech Mahindra looks set to seize control of Satyam - the almost terminally troubled Indian outsourcer. Tech Mahindra has paid $351m for a 31 per cent stake in the firm - on top of the 31 per cent it already owned. This gives a rough value for Satyam of $1bn, a good premium on its current share even if it is only a fraction of …
Team Register, 14 Apr 2009
The Register breaking news

Google woos BlackBerries with Apps connector

In an effort to woo more BlackBerry-happy businesses onto Google Apps, the Mountain View Chocolate Factory will soon offer new BlackBerry server software meant to provide easy access to its cloud-based web-based app suite. According to Google, more than 3,000 business adopt Google Apps everyday, moving from office apps hosted on …
Cade Metz, 05 May 2009
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Satyam finds a boss and money

Satyam's board of directors took two days to decide, but has now appointed a new CEO to replace Ramalinga Raju, who is still in jail awaiting trial for an alleged billion-dollar fraud. A S Murty, a 15-year Satyam veteran, starts as CEO immediately. He is informally known as ASM and previously worked at Tata. Board member Deepak …
John Oates, 05 Feb 2009
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Satyam finds bankers to find it funding

Indian outsourcer Satyam has appointed two investment banks to help it find long term funding. Avendus and Goldman Sachs are talking to banks and are dealing with immediate operating expenses. Satyam has also lined up cash for January salaries from money received. Board member T N Manoharan said Satyam had received proposals …
John Oates, 28 Jan 2009
The Register breaking news

Nepal fixes Boeing 757 with goat sacrifice

Nepal Airlines has apparently fixed an electrical fault on one of its Boeing 757s by sacrificing two goats in appeasement of Hindu sky god Akash Bhairab, Reuters reports. The airline boasts two Boeings, and one was reportedly giving it a certain amount of grief leading to suspension of services over the past few weeks. However …
Lester Haines, 05 Sep 2007
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Satyam chairman quits, admits faking accounts

The founder and chairman of Indian outsourcer Satyam Mr B Ramalinga Raju has resigned and admitted fiddling the company's accounts for years in order to inflate profits. The company has had a torrid few weeks - the board admitted the company founders had hocked their shares to guarantee loans and that those shares may have been …
John Oates, 07 Jan 2009
For Sale sign detail

Emulex' earnings fall as it fights off Broadcom

Emulex has announced figures showing a fall in third quarter earnings and a loss, emphasising its weak position facing the Broadcom bid. In its third fiscal 2009 quarter (Q3 fy09) Emulex revenues were $78.6m, 39 per cent less than the equivalent a year ago of $127.8m, and 28 per cent down sequentially. It announced a net loss of …
Chris Mellor, 29 Apr 2009
The Register breaking news

IT bankrolls all-India ambulance service

An IT industry backed non-profit is rolling out an ambulance service across India, giving the vast continent a single emergency number for the first time. The Emergency Management and Research Institute (EMRI), which has been bankrolled by the family of Satyam chairman Ramalinga Raju since 2005, has been building up the service …
Joe Fay, 23 Apr 2008

Is the world ready for a 1TB iPod?

We're barreling toward a world where 1TB files fly make their way across the internet, while devices like the iPod prepare to handle your favorite 267,000 songs and movies. And, according to industry experts, the storage vendors are not quite ready to deal with all of these massive files or to construct the types of systems that …
Ashlee Vance, 13 Nov 2007
The Register breaking news

Broadcom axes ServerWorks chief

Like an abusive parent slapping an over-active child, Broadcom has dismissed the head of its ServerWorks subsidiary and made a public spectacle of the event. Duane Dickhut, former head of Broadcom's broadband processor business unit, will step in to lead ServerWorks and replace current chief Raju Vegesna. Such a move might have …
Ashlee Vance, 27 Mar 2003
The Register breaking news

Broadcom pays out $111m in ServerWorks case

Broadcom has settled up with former ServerWorks CEO Raju Vegesna and two other employees who left the chipset maker in March. Vegesna and two coworkers left ServerWorks under somewhat tenuous circumstances. Broadcom management cited disagreements about future directions of its ServerWorks subsidiary as a reason for the …
Ashlee Vance, 03 May 2003
The Register breaking news

Broadcom buys ServerWorks

Chip giant Broadcom is to buy server chipset maker ServerWorks in a $975 million deal. Broadcom said today it would issue 11 million shares in exchange for all outstanding stock in the fellow Californian outfit. The acquisition is the latest in a stack by Broadcom, which specialising in making semiconductors for cable modems, …
Linda Harrison, 08 Jan 2001

If you can fix a 757 with two goats, how many do you need to fix an OSI vote?

For a story that had more than its fair share of drama this week, it was hard to look further than Microsoft's efforts to get its Office Open XML (OOXML) specification fast-tracked as an ISO standard. Ordinarily, stories about Microsoft and standards tend to be the preserve of bearded men of a particular age, but the OOXML saga …
Billy MacInnes, 06 Sep 2007