An Indian court on Thursday sentenced the former chief of outsourcing giant Satyam to seven years in jail over a $2.25 billion accounting fraud scandal dubbed "India's Enron".
Business
Apr 9, 2015
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Indian software exporter Satyam Computer Services said Thursday it will pay $125 million to settle a US class action suit, saying the step ends uncertainty over the fraud-hit firm's recovery.
Business
Feb 17, 2011
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India's fraud-hit software firm Satyam Computers said on Friday it plans to delist from the New York stock exchange as it may not be able to meet the US deadline to file restated financial accounts.
Business
Sep 24, 2010
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India's fraud-hit software outsourcer Mahindra Satyam on Monday swung to an unexpected quarterly loss from a profit the previous quarter, hit by the cost of a one-off US lawsuit.
Business
May 23, 2011
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Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit soared more than ten-fold, beating market estimates, as demand for outsourcing grew.
Business
Nov 10, 2011
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An Indian court on Monday suspended a seven-year jail sentence handed to the former chief of outsourcing giant Satyam over a $2.25-billion accounting scandal dubbed "India's Enron".
Business
May 11, 2015
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India's Supreme Court on Friday granted bail to the former chairman of Indian outsourcing giant Satyam, B. Ramalinga Raju, who is accused of one of the country's biggest corporate frauds.
Business
Nov 4, 2011
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Indian software outsourcer Mahindra Satyam on Monday said it had filed a case against past directors and a former auditor, seeking damages over a $1 billion accounting scam.
Business
Jan 9, 2012
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Indian IT outsourcer Infosys on Friday reported a stronger-than-expected quarterly profit and gave an improved outlook for annual revenues, sending its shares soaring.
Business
Jan 11, 2013
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India's software outsourcer Mahindra Satyam on Wednesday posted a near five-fold jump in its third quarter net profit, beating market forecasts, as margins were boosted by a fall in the rupee.
Business
Feb 1, 2012
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