The vital clue is Satyam’s investments in bank deposits. As of March 31, 2008, Satyam reported approximately $825 million of its $1.1 billion cash and bank balances as investments in bank deposits in ...

Despite settlements with investors and the regulators, global audit firm PricewaterhouseCoopers LLP (PwC) is still quite exposed to the Satyam scandal in India. The two Price Waterhouse India ...

Mahindra Satyam's new CEO CP Gurnani has high hopes for the company's future (Photographer: Paul Hackett/Bloomberg News) However Gurnani faces an uphill battle - customer confidence took a heavy ...

A huge accounting scandal ravaging one of India's top outsourcing companies could have ramifications from Silicon Valley to Bangalore. Ramalinga Raju, chairman of Satyam Computer Services of ...

Satyam is the fourth-largest outsourcing firm after the three named. In the 41/2 page letter distributed by the Bombay Stock Exchange, Raju described a small discrepancy that grew beyond his ...

Satyam Computer Services' chairman and founder B. Ramalinga Raju resigned Wednesday amid a scandal over inflated profit reporting. In his letter of resignation, Raju said Satyam, one of India's ...

In 2006, Satyam had about 23,000 employees and was reporting $1 billion in revenue. By 2008, the company was claiming it has surpassed $2 billion in revenue and had bulked up to 53,000 employees.

Satyam, moreover, was audited by PwC and listed in New York and Amsterdam, as well as Mumbai. But India, with a per capita income of less than $1,000, has more to prove.

Months before the scam at Satyam had come to light with confessions of its founder and former chairman B Ramalinga Raju, the Satyam scrip had hit a 52-week high of Rs 542 in May last year. The IT ...

Surely Satyam Computer Services' founding chairman, Ramalinga Raju, wouldn't have sought to spend $1.6 billion on two companies run by his own family had he foreseen the surge of shareholder anger ...