Articles about Satyam

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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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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 …
John Oates, 07 Jan 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
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
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 …
John Oates, 18 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
The Register breaking news

El Reg visits Hyderaspace and sees bullocks, giant rabbits

Hitec City in Hyderabad is the home of Satyam, one of India’s top four IT players, and hosts offices for a raft of other Indian and international tech companies. It used to be a rocky wasteland on the edge of the city that Hyderabadis were afraid to go to – they feared you could be murdered and your body never seen again. Now …
Joe Fay, 28 Apr 2008
homeless man with sign

Satyam's mood-detecting motor to run in-car disco

Satyam has promised to settle arguments over what radio station to listen to in the car when it launches its dot auto platform next year. The IT services company is using its background providing outsourced services for auto makers to develop its own software and hardware platforms which it will sell to auto suppliers and …
Joe Fay, 23 Apr 2008
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
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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
Flag India

US crunch hits India

The US slowdown rolled into India this week with outsourcer Satyam forecasting that revenue growth in 2009 will be well down on the 40 per cent plus rates it has become accustomed to. The company today forecast full year 2009 revenues of $2.65bn to $2.69bn, a rise of 24 to 26 per cent on the previous year. After seeing annual …
Joe Fay, 21 Apr 2008
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Dutch telco outsources QA

IT consultancy Satyam is to take responsibility for testing of KPN's fixed, mobile, and internet divisions for the next three years. Telco KPN operates in the Netherlands, Germany, and Belgium. Satyam will become a key partner in creating systems and processes for testing and QA - largely through its offshore development centre …
Bill Ray, 22 Aug 2007
The Register breaking news

India's Yahoo! Groups ban – update

India's blanket ban of Yahoo! Groups continues. It's not 100 per cent, but most of the largest ISPs have complied, removing access for over 80 per cent of users. The Government's Computer Emergency Response Team - which normally releases security and virus alerts - issued a block on all groups after Yahoo! refused to remove …
Andrew Orlowski, 25 Sep 2003