Raju might be arrested today

Satyam Computer Services Chairman Ramalinga Raju might be arrested today by the police due to pressure on AP government to arrest Raju

Satyam likes to continue business and Protect Staff

Satyam spokesman speaking at the news conference said to the its top 100 clients that satyam aims to continue the business and also the to protect employees career.

Right now Interim CEO of Satyam will be Ram Mynampati, Ram said that the company will be helping in investigating agencies and had launched a process to assess its financial position.

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Satyam : Fraud of over Rs 7,000 crore

Satyam, means truth but Ramalinga Raju promoter-chairman of Hyderabad-headquartered Satyam Computers, has lied for years to shareholders, employees at large by making a fraud of Rs 7,000 Crore.

TCS, Infosys, Wipro and country's fourth largest IT company was Satyam, by making the fraud satyam computers is knocked to the bottom and which inturn resulted to be removed from its S&P CNX Nifty 50-share index from January 12, as the Satyam Founder resigned from Board the shares of crashed down to 80 percent. And Anil Ambani-group firm Reliance Capital Ltd will be replacing Satyam in the main index, the exchange said in a statement. Satyam will also be excluded from the CNX 100 index, CNX 500 index and the CNX IT index.

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Founder and Chariman of Satyam Resigns

India's Fourth Largest IT company Satyam Founder and Chairman Ramalinga Raju has resigned from the Board. Raju has put in his papers and is waiting for the Board's decision.

As Satyam was in news previously in Maytas deal and at last Raju has written a letter to the board giving details of how the balance sheet has inflated cash balances of Rs 5040 crore and accrued interest of Rs 376 crore is non-existent. Rs 1230 crore was arranged to Satyam and is not reflected in the books.

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Satyam demanded for apology from World Bank

India's fourth largest Software Company Satyam Computer Services has demanded apology and to withdraw the statements and harm done to the company by world Bank. But World Bank has refused to apologise about the allegations which made earlier against the company.

A World Bank spokesman in Washington said that the Bank stands by the statement issued on its India website on 23rd December.

The Bank said that, "Satyam was declared ineligible for contracts for providing improper benefits to Bank staff and for failing to maintain documentation to support fees charged for its subcontractors." and also the shares in Satyam Software Services also fell down after the Bank said that it(satyam) was banned for 8 years from business.

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Satyam banned by World Bank for 8 years

India's Fourth Largest IT company Satyam Computer Services has been banned by World Bank said by a Fox News report. The report admits that a senior World Bank official admitting that Satyam has been barred from all business at the bank for eight years.

World Bank debarment has been meted out for "improper benefits to bank staff" and "lack of documentation on invoices," according to Fox News report.

Previsouly there was news that is satyam computers blacklisted?

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Top Honours bagged by Infosys, Wipro

At the annual STPI (Software Technology Parks of India) and Karnataka State IT Exports Awards 2007-08, Infosys and Wipro bagged the Top Honours.

The awards were presented for the outstanding performance in the filed of IT at ICT Event "BangaloreIT.Biz"

The Other Two leading IT companies Tata Consultancy Services Ltd and Satyam Computers Services Ltd, bagged the Certificate of Excellenece.

World Bank hasn't black-listed us: Says Satyam

Fourth Largest Software company Satyam Computers on Monday told that they were not black listed by World Bank from bidding offshore contracts.

On WB statment Satyam said that "The Fox News story is wrong and is riddled with falsehoods and errors. The story cites misinformation from unattributed sources and leaked emails that are taken out of context."