Some analysts claimed that after adjusting the figures for overstated cash, accrued interest and debtors and understated liabilities, the net worth of the company could be very near zero ...

After hearing Immaneni Rama Rao, counsel for the petitioner, the court directed issuance of notices to all respondents ...

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

BANGALORE, Jan 7 (Reuters) - In a stunning 5-page letter detailing years of financial deception at the firm he founded, Satyam Computer Services Chairman B. Ramalinga Raju brought an illustrious ...

A key investor in Indian outsourcer Satyam Computer Services, Larsen & Toubro (L&T), is considering selling its stake, citing a lack of information on company's performance, financial and otherwise.

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. “We ...

Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing ...

The criminal probe into the financial scandal at Satyam Computer Services Ltd. advanced today, with India’s Central Bureau of Investigation (CBI) filing charges against nine people, including six ...

Satyam Computer Services started as a software services provider in 1988 in Indias twin cities of Hyderabad and Secunderabad. Today, those cities rival Bangalore as the information technology capital ...