Asked about the specific damages sought in the lawsuit, law firm Vianale & Vianale LLP's counsel Keneth J Vianale said that the sum duped could be in hundreds of millions of dollars. After the scandal was revealed, trading in Satyam shares was halted by the NYSE on January 7 and the stock exchange has said that it is assessing whether the firm deserves to stay on the bourses.
Leading IT services firm Satyam Computer Services will be allotted 50 acres of land in Chennai by the Tamil Nadu government for expanding its operations.
ADAG, Mahindra BT, L&T Infotech may team up with PEs.
It alloted 6000 non-convertible debentures of face value of Rs 10 lakh
The government on Friday informed the Supreme Court that it will set aside its order directing scam-hit information technology firm Satyam Computer to pay Rs 617 crore (Rs 6.17 billion) as income tax and will give a fresh hearing to the firm's plea challenging the tax demand.
The board had earlier said that the bidder will be announced on April 9.
IT major Satyam Computer Services Ltd on Monday said it would consider bonus issue and financial results for the quarter and year ended March 31 on April 21.
There were also reports that the board might opt for an open bidding process, which will bring in the much-required funds into the company. The board will also insist that only companies with a good track record can bid for the company. However, this could not be confirmed.
'I regret the years that I did not work. I took a break at the peak of my career. I should not have done that. You lose contact with people and to start all over again is a struggle.' Rajnigandha actress Vidya Sinha looks back at her life.
The maximum size of the offering is 3 crore equity shares
Market looks at a share swap ratio of 1:8
Out of the total dues, Satyam Computer, which has now been re-branded as Mahindra Satyam, alone owes a hefty Rs 532 crore (Rs 5.32 billion) to the Income Tax department
ICAI starts proceedings against software firm's CFO and head of audit cell.
The NSE Nifty finished with a gain of 180 points at 5,317. The BSE market breadth was bearish - out of 2,795 scrips traded, 1,606 declined.
The NSE Nifty finished with a gain of 180 points at 5,317. The BSE market breadth was bearish - out of 2,795 scrips traded, 1,606 declined.
Stressing a coordinated mechanism between the central agencies and departments like Securities and Exchange Board of India and the Serious Fraud Investigation Office, the Andhra Pradesh chief minister said the scope of probe underway by the state government included Satyam's connection with the Maytas firms.
Satyam has posted a profit after tax and extraordinary items of Rs 140.84 crore for the fourth quarter when compared with a loss (after tax and extraordinary items) of Rs 35.91 crore for the quarter ended March 31, 2003.
There are huge investments from all parts of Europe and the US, and the investors are not looking at this as a red flag.
What if these old classics were made in today's times? Sukanya Verma figures it out.
IT major Satyam Computer Services Ltd on Friday posted a 28.56 per cent increase in profit after tax at Rs 322.34
Satyam Computer Services Ltd on Friday posted a 35.96 per cent rise in net profit at Rs 289.90 crore (Rs 2.9 billion)
Except for Satyam Computers, attrition rate went higher at Infosys, TCS and Wipro from both the previous quarter as well as the year-ago period.
The colsolidated net profit of the company was down by 8 per cent.
The Special Investigation Team investigating the Lakhimpur violence case has filed a chargesheet on Monday in which one accused was added taking the tally of arrested accused to 14.
"We have asked the RoC to look into the matter, get the information from the company and inform us within three weeks as to what is the factual story. Only when we have the information can the government do anything," Union Corporate Affairs Minister Prem Chand Gupta said in New Delhi pm Saturday.
Leading IT services company Satyam Computer Services on Friday posted a 74.75 per cent increase in profit after tax at Rs 360.09 crore (Rs 3.60 billion) for the quarter ended June 30
Satyam Computer Services Ltd on Friday posted a 182.10 per cent jump in net profit to Rs 493.07 crore (Rs 4.93 billion) for the quarter ended December 31, 2005, as compared to Rs 174.78 crore (Rs 1.74 billion) for the corresponding quarter in previou
According to a release issued to the Bombay Stock Exchange on Thursday, the company's total income increased to Rs 909.59 crore (Rs 9.09 billion) from Rs 696.21 crore (Rs 6.96 billion) in Q3 FY04.
Satyam Computer Services Ltd on Thursday reported a 32.81 per cent rise in net profit at Rs 250.72 crore
The Supreme Court is scheduled to pronounce on Wednesday its order on the bail plea of Union Minister Ajay Kumar Mishra's son Ashish Mishra, an accused in the 2021 Lakhimpur Kheri violence case.
Satyam Computer Services has reported a 25 per cent increase in net profit at Rs 147.59 crore (Rs 1.48 billion) for the second quarter ended September 30, 2003
Devsaab continued to work with Zeenat as his co-star until one fine day he woke up to the announcement that his 'Zeeenie' had signed a film with Raj Kapoor.
A local civil court in Hyderabad has issued an interim stay restraining Netflix from airing its web series Bad Boy Billionaires-India on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited. The XXV Additional Chief Judge B Prathima, while issuing notices to Netflix Inc in USA, Netflix Entertainment Services India LLP and the nodal officer, department of electronics and information technology, posted the matter for further hearing on November 18 when the plea came up on Tuesday.
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.
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