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Infosys rules out 'tainted Satyam' buyout

New Delhi: The country's second largest software exporter, Infosys, on Wednesday ruled out the possibility of buying Satyam saying the IT major "will not touch any tainted company". "We have no such interest in looking at buying Satyam... absolutely not... We will not touch any such tainted company that's  ....Read more

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13 Comments |
fraud by indian it companiesBy: venkat | Thursday , 8 Jan '09 11:45:01 AM Reply | Forward it is good to see infosys making up such a glorious statement. but even infosys is not free from perking up their achievements. i remember their spokesman enlarging their clientele list and boasting too much with out intrinsic strength.
infy vs satyamBy: swaminathanpattabhiraman | Thursday , 8 Jan '09 15:30:06 PM Reply | Forward do N.murthy or infy have moral strenth to talk about rivals. let them lokk back its history and scandal surfaced at infy.let n.murthy avoid irresponsbile tall talk before correcting his own corporate
Tainted IT IndustryBy: Navin | Thursday , 8 Jan '09 9:45:34 AM Reply | Forward Unlike the old-economy companies that have output checks in form of customs,excise,Sales Tax,etc the IT industry does not have any points of check by authorities.A million dollar worth Software can move out via INternet on on a CD.How can the genuineness be checked?It is possible that ALL companies are doing similar financial manipulations on different scales but one Ramalingam Raju got trapped!One may see the IT bubble bursting soon-unfortunately though!
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