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Larsen & Toubro has moved a step closer to acquiring scam-hit Satyam Computer.
Friday , 23 January '09
IGate Corp has informed the new board that it would be interested in buying Satyam Comp.
Friday , 23 January '09
The board of beleaguered Satyam met for the second successive day to discuss hiring a CEO and CFO to run the company.
Friday , 23 January '09
A local court on Friday posted the hearing on bail petitions of B Ramalinga Raju and Vadlamani Srinivas to January 27.
Friday , 23 January '09
Beleaguered Satyam Computer surged over 15 per cent in the morning trade on the Bombay Stock Exchange.Friday , 23 January '09
Sixteen years after he founded Satyam, B Ramalinga Raju allegedly began work on building another, more shadowy empire: channeling ‘salaries’ of non-existent Satyam employees....
Thursday , 22 January '09
Media reports had said L&T was likely to present a revival plan to board of fraud-hit Satyam.Thursday , 22 January '09
Maytas Infra, the infrastructure firm promoted by the family of Satyam founder and former chairman B Ramalinga Raju...
Thursday , 22 January '09
According to police sources, Raju has confessed that he diverted funds to Maytas since 2004.
Thursday , 22 January '09
A large number of Satyam employees are still on project helping State Farm in this transition.
Thursday , 22 January '09
SFIO and RoC are trying to trace a Mauritius-based firm used for channelising money to Maytas.Thursday , 22 January '09
Tightening its grip on Satyam’s former top officials, the government today barred former chairman B Ramalinga Raju...Thursday , 22 January '09
The paucity of competent independent directors is a major hurdle for boards as also choosing independent directors...
Wednesday , 21 January '09
Gupta said many corporate houses are interested in Satyam but so far there is no such thinking.
Wednesday , 21 January '09
IT major Wipro on Wednesday ruled out taking over scam-hit Satyam Computer or Maytas Infra.Wednesday , 21 January '09
Satyam Computer today appeared headed for a possible sale as two leading companies — Essar and L&T — are believed to have evinced interest in buying whole or part of the crisis-hit IT firm...
Tuesday , 20 January '09
Larsen and Toubro is believed to have approached the govt evincing interest to buy out Satyam.
Tuesday , 20 January '09
The govt said SFO's probe has been extended to include Maytas Properties and Maytas Infra.
Tuesday , 20 January '09
Despite uncertainty, big clients of Satyam such as GE are continuing their existing contracts.
Tuesday , 20 January '09
Some clients of fraud-hit Satyam have sought a contingency plan if things don't stabilise in the next three months.
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