Satyam Scam – Separating truth from lies »

The scam at Satyam Computer Services, the fourth largest company in India’s much showcased and fiscally pampered information technology (IT) industry, has had an unusual trajectory. It began with a successful effort on the part of investors to thwart an attempt by the minority-shareholding promoters to use the firm’s cash reserves to buy out two [...]

Sensex may shrug off Satyam jolt, rebound »

A study of how the US stock markets performed in the aftermath of similar scandals in that country shows that share prices usually regain lost ground within a week of the initial shock. Investors rattled by the disclosure of an accounting fraud at Satyam Computer Services Ltd and the subsequent tumble in Indian equity prices could [...]

Bets are out: Can Satyam survive crisis? »

[/caption] Shares in Satyam Computer Services plunged more than 70 per cent to an 11-year low on Friday as investors questioned the survival of the fraud-hit outsourcing firm. Interim CEO Ram Mynampati has admitted the company, whose market value has evaporated to $170 million from over $7 billion just six months ago, [...]

Satyam scam not the first involving IT companies »

DSQ Software, Pentasoft, Pentamedia had collapsed amid scandals over insider trading, malpractices The scam involving Satyam Computer Services Ltd isn’t the first to to strike India’s software industry, although the scale of the accounting fraud to which chairman B. Ramalinga Raju has confessed may be unprecedented for the country. In the past decade, companies such as DSQ [...]

India Economic Summit 2008 – B. Ramalinga Raju »