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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Showing posts with label satyam company. Show all posts
Showing posts with label satyam company. Show all posts
Thursday, January 8, 2009
Wednesday, January 7, 2009
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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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.
For More Information Check Out
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