Raju and nine others accused, including his two brothers, are currently on bail in a case related to fudging of Satyam accounts in 2009.
Satyam Computer Services has signed a memorandum of understanding with Maharashtra Airport Development Company to acquire 100 acres in the Nagpur special economic zone.
Mahindra Satyam merged with Tech Mahindra, creating a new entity with revenues of $2.7 billion.
Nadella led the creation of Microsoft's 'cloud' computing services
The Tamil Nadu government is expected to allot 50 acres of land on the Old Mahabalipuram Road, the IT corridor of Chennai, to Satyam Computer Services Ltd.
Spend on IT in US is expected to increase by 6.1 per cent in 2014.
The company's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals.
In its glory days, Satyam was the lifeline of Hyderabad.
With the changes in the workplace, in-demand skills, flexibility and being tech-savvy will help you save your job.
Class action, whistleblower protection and exit option likely to bring back investor confidence.
SFIO, the investigation arm of the Corporate Affairs Ministry, has been ordered to probe alleged fraud in 83 companies in the last four years, Parliament was informed on Thursday.
The Andhra Pradesh High Court on Tuesday stayed a provisional order of Enforcement Directorate attaching Rs 822 crore (Rs 8.22 billion) deposit belonging to Mahindra Satyam in a money laundering case involving former Satyam Chairman B Ramalinga Raju and others.
The Enforcement Directorate on October 18 issued provisional attachment order of the company's fixed deposits worth Rs 822 crore (Rs 8.22 billion) in a money laundering case related to the previous management.
Raju was arrested by the Crime Investigation Department of Andhra Pradesh Police two days later along with his brother.
Tech Mahindra had acquired Satyam as part of a government sponsored bidding process in April 2009
Judge ruled that ther lawsuits failed to allege that the ex-directors recklessly failed to discover the fraud.
Satyam founder R Raju challenges fraud case verdict
Pays $68 million to settle with the claimants.
Bulk of fast-track proceedings completed, with defence cooperating in avoiding delays; court examination of accused & rival arguments remain
Union of scam-tainted Satyam and telecom-focused Tech Mahindra has produced a fitter company.
The world's biggest computer-services company has thus launched Smarter City Solutions -- a new solution designed to help cities of all sizes gain a holistic view of information across city departments and agencies.
Satyam Computer Services on Monday said it has filed a suit in a Hyderabad court against its former Board of Directors, certain employees and the company's audit firm Price Waterhouse seeking damages for perpetrating fraud.
Mahindra Satyam (formerly Satyam Computer Services Limited) on Sunday said that a group of investors led by Aberdeen Asset Management have claimed damages of over $150 million (approximately 750 crore) from the company for the losses they suffered post the confession of accounting frauds by its founder B Ramalinga Raju in 2009.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
In just two years after taking over Mahindra Satyam (the brand identity of Hyderabad-based information technology outsourcing company Satyam Computer Services), its parent company Tech Mahindra is looking at inorganic growth to take Satyam, which it had nursed back to health, to do a marathon.
Of the 10 accused in the case, B Suryanarayana Raju, who is Raju's brother, and T Srinivas, a former auditor of PricewaterhouseCoopers, had been granted bail by different courts earlier.
The company had approached the Ministry of Commerce to extend the validity of the project for two more years, according to a senior official of the company.
More developers may withdraw their special economic zones projects, as they lose tax-free status with imposition of minimum alternate tax and further burden through direct tax code, Export Promotion Council for Export-oriented Units and and SEZs said.
Judgement is subject to an appeal period of 30 days from the date of its entry.
Back on track under the new management of Tech Mahindra, Mahindra Satyam (the new identity of information technology outsourcing company Satyam Computer Services Limited) is bullish on joining the league of its peers through its predefined three-year turnaround plan.
The 10 accused in the case include prime accused Satyam Computers founder and former chairman B Ramalinga Raju, his brother and Satyam's former MD B Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V S Prabhakar Gupta.
This settlement relates to an accounting fraud perpetrated by the company's former management from at least 2003 through September 2008.
The former Satyam employees, who were granted bail, were its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
The scope of the project covers end-to-end IT infrastructure services, which will be provided from TCS' global delivery centres in the Netherlands, Hungary and India, TCS said in a statement.
Byrraju Foundation, the non-governmental organisation set up by Satyam Computer Services founder B Ramalinga Raju and his family, was left orphaned in January 2009.
Lakshmi Narayana, deputy inspector general of police, CBI said as per the apex court directives, the number of documents supporting the charge sheet which were about 3,067 have also been reduced to a thousand-odd.
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