Articles about Satyam

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 …
John Oates, 3 Feb 2009

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
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
The Register breaking news

WiMax to cover 1 billion by 2012, says Intel

IDF Craig Barrett banged the drum for WiMAX in the opening keynote of IDF today. But only quietly, and not for very long. In a speech that dwelled on socio-economic issues more than hard technology, Barrett slipped out a couple of predictions for takeup on the to-date unloved mobile data standard. “We should see 50 million people …
Joe Fay, 19 Aug 2008

Satyam ups the ante for World Cup tech

Satyam hopes to kick its way into Europeans' affections through a services deal it struck with Fifa last year. The India-based services provider signed up as Official IT Services Provider to the 2010 and 2014 FIFA World Cups last November, ensuring its name will be plastered all over the tournaments alongside mega brands such …
Joe Fay, 21 Apr 2008

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