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 ...

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 ...

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.

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 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 ...

NEW DELHI — Indian business leaders are demanding that authorities beef up corporate governance after an accounting scandal engulfed major outsourcing company Satyam Computer, shaking investor ...

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 ...

After all the investigations into the Satyam scandal are over, one question will remain: why did its founder, B Ramalinga Raju, plunge into fraud? Four out of ten entrepreneurs fail in the first ...

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 ...