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Full Coverage - Satyam Scam

Satyam Scam

Satyam approached for takeover

Satyam Computer said it has been approached for takeover by domestic and foreign companies.

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AP Govt has cancelled allotment of 50 acres land given to Satyam for setting up IT SEZ.
AP Govt cancels land allotted to Satyam

Tuesday , 20 January '09

The AP Govt has cancelled allotment of 50 acres land given to Satyam for setting up IT SEZ.
Rajus used hundreds of firms to siphon Satyam funds

Tuesday , 20 January '09

Initial investigation by the Serious Fraud Investigation Office (SFIO) has revealed that the members of the disgraced Satyam promoter Ramalinga Raju’s family
Raju also pledged receivables of Satyam to raise Rs 1,200 crore

Tuesday , 20 January '09

If the new government-appointed Satyam board is banking on the company’s receivables to take care of the immediate needs of the company, they may have to think again....
Petitions of raju, sebi deferred by courts

Tuesday , 20 January '09

The Sixth Additional Chief Metropolitan Magistrate deferred the hearing on separate petitions by B Ramalinga Raju seeking bail and special status in jail, till January 22...
Some key clients of Satyam are learnt to have strongly advised company to change its name and logo.
Satyam mulls new name to get rid of brand stigma

Monday , 19 January '09

The exercise to find a new name has been kicked off in the company as the present name has a serious brand problem.
US client cancels contract with Satyam

Monday , 19 January '09

State Farm Insurance Co has terminated its contract, a Satyam spokeswoman said, but she declined to give details of the contract.
A city court deferred to Jan 22 hearing on petition filed by Raju seeking bail and special status in jail.
Raju's bail plea deferred till Jan 22

Monday , 19 January '09

Court deferred hearing on Raju's petition seeking bail and special status in jail to Jan 22.
In the game, available on the website, NailTheThief.com, a player is given a chance to hit tainted Satyam foun...
Hit Raju with rotten eggs and win an iPod!

Monday , 19 January '09

IT whiz-kids have created a game 'Nail The Thief' where players are asked to hit the tainted Satyam founder with rotten eggs and win an iPod!
Investigators have found about 300 companies related to Raju that were used to siphon cash from Satyam.
Raju may have siphoned cash: Report

Monday , 19 January '09

B Ramalinga Raju, the founder and former head of Satyam Computer Services may have skimmed huge amounts of cash from the company, rather than padded its books as he claims, according to a report in the 'New York Times' that cited a person involved in the Satyam investigation.
Markets flat in the wake of Satyam debacle

Monday , 19 January '09

Last week the Sensex touched an intra-day low of 8,000. It then ended the week on a flat note...
CID begins interrogating Rajus

Monday , 19 January '09

Andhra Pradesh CID, which took former Chairman of Satyam Computer B Ramalinga Raju, his brother and ex-MD Rama Raju and former CFO V Srinivas...
Satyam mulls name change to get rid of brand stigma

Monday , 19 January '09

Satyam Computer Services Ltd has kicked off an exercise to find a new name with the present name posing serious brand problems, officials said.
PM: Satyam scam a blot on India’s corporate image

Sunday , 18 January '09

CID gets custody of Raju, his brother, and former Satyam CFO
The Raju brothers were arrested on January 9 and have been in judicial custody since Saturday last.
Raju bros, ex-CFO sent to police custody

Saturday , 17 January '09

A local court sent Satyam's tainted founder Ramalinga Raju, his brother Rama Raju and the company's former CFO Vadlamani Srinivas to four days police custody.
There is a leadership team, but very quickly we need to get the CFO and CEO, said Kiran Karnik.
Satyam's priority: Get CEO, CFO & funds

Saturday , 17 January '09

Kiran Karnik said that the ne board may discuss the issue of funding as well as the appointment of CEO and CFO.
The board may discuss about the financial situation of the company, besides choosing Raju’s successor.
Satyam board may elect Chairman in meeting

Saturday , 17 January '09

The second meeting of the new board is likely to elect a new Chairman who will take over from Ramalinga Raju.
Four agencies scramble to grill Raju as probe crawls

Saturday , 17 January '09

The probe into the Satyam swindle is getting increasingly complicated and painfully slow with more and more agencies getting involved...
Funding plans on Satyam board table

Saturday , 17 January '09

The new board of fraud-hit Satyam Computer Services will meet again on Saturday to look for ways to raise new funds...
Deepak Parekh said it had $348 million in receivables and may not need new funding if the money came in on tim...
New Satyam board members to meet; shares surge 40%

Friday , 16 January '09

The new board of fraud-hit Satyam Computer Services will meet again on Saturday to look for ways to raise new funds. However, despite the crisis it is going through after its chariman Ramalinga Raju's disclosures, the stock price of the company has gained 40 per cent.
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