Rivals may pick off clients

NEW DELHI: The fraud at Satyam Computer Services may have put the Indian outsourcing firm's future in doubt, but could be a boost in troubled times for local and global rivals if they can lure away worried clients. Local rivals Tata Consultancy Services (TCS) and Infosys Technologies are among those who could pick up defecting Satyam clients. Among foreign vendors, Accenture and Cognizant, which have large offshore centres and already serve Satyam clients such as Kimberly-Clark and Telstra, would also benefit, analysts said. Satyam, which specialises in business software and offers back-office outsourcing and consulting, counts General Electric, Nestle, Qantas and Fujitsu among its major customers.

No plans to suspend Satyam trading

Mumbai: The Bombay Stock Exchange and the National Stock Exchange today said there was no move to suspend trading of Satyam's shares as of now even though the company has been removed from Sensex and Nifty from January 12. “The issue (of suspending the trading shares of Satyam) has not been discussed so far. There is no such plans as of now,” the BSE spokesperson told PTI. NSE also said it did plan to suspend trading in Satyam shares.