Satyam - News, Features, and Slideshows

News

• PwC fined for failing to detect Satyam fraud

  PricewaterhouseCoopers has been fined US$7.5 million over the fraud at Indian outsourcer Satyam.

• Satyam to pay US$10M to settle fraud charges

  Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the US Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC has announced.

• Satyam seeks new extension to file financial results

  Indian outsourcer Satyam Computer Services informed the Bombay Stock Exchange (BSE) on Monday that it has applied to India's Company Law Board (CLB), seeking an extension to Sept. 30 for filing its 2008 and 2009 financial results.

• Satyam still risky a year after fraud revealed: Forrester

  Over a year after Indian outsourcer Satyam Computer Services reported a major financial fraud at the company, research firm Forrester still cautions customers doing business with it.

• Mahindra Satyam plans ANZ services push

  Tech Mahindra's takeover of deeply troubled Indian IT services company Satyam could see a renewed push into the Australian and New Zealand markets.

• Corrections sheltered from Satyam storm

  Optimation has put in place risk and management plans should troubled Indian partner Satyam not be able to carry on with a major project at the Department of Corrections.

• GE stands by Satyam, but time running out

  Although analysts expect that Satyam Computer Services will lose customers in the fallout of its accounting scandal, major customer General Electric said Tuesday it had not moved work from Satyam.

• Satyam appointing new accounting firm to restate accounts

  The government-appointed board at financially troubled Indian outsource Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts.

• New board taking charge at scandal-ridden Satyam

  The Indian government appointed three members to the board of Satyam Computer Services on Sunday, promising that the new board will provide direction to the company which is reeling from a financial scandal.

• Satyam tries to reassure customers, investors

  Troubled Satyam Computer Services attempted on Thursday to reassure customers and investors that it could keep the company afloat, but did not discuss specific measures.

• Satyam chief quits, admits faking financial results

  The chairman of troubled Indian outsourcer Satyam Computer Services on Wednesday tendered his resignation to the company's board of directors, admitting that the company inflated its financial results.

• Satyam banks on 25% growth in ANZ

  Satyam Australia and New Zealand is banking on at least a 25% growth spurt to take the subsidiary's local revenue to about A$200 million (NZ$256 million) this year despite softer spending in both the Australian consumer goods and transport and logistics sectors.

• Australia to get Satyam investment

  Satyam has announced plans to build a 10ha campus at the Geelong Technology Precinct in Victoria, Australia.