The criminal investigation into the financial scandal at Indian outsourcer Satyam Computer Services advanced on Tuesday with the country's Central Bureau of Investigation (CBI) filing charges against nine people, including six former employees of the company.
Stories by John Ribeiro
The decision by Indian outsourcer Satyam Computer Services to sell off a majority stake in the company to an investor has brought up new uncertainties for customers, according to analysts.
A majority of Indian CIOs expect the economic slowdown in India to end by the fourth quarter of this year, according to a poll by IDC India published Monday.
Indian outsourcer HCL Technologies is to offer data center services to Xerox under a six-year contract.
Nokia Siemens Networks has set up a network management center in India, its second in the country, to meet the growing trend for operators to outsource network management and maintenance.
As countries restructure their electricity sector to include more renewable resources, there will be a higher demand for management software, throwing up opportunities for software and services companies worldwide, according to a Greenpeace spokesman.
Amid reports that it is moving thousands of jobs from the US to India, IBM said Thursday it is notifying employees that some jobs are being eliminated.
Following the financial scandal at outsourcer Satyam Computer Services, India's National Association of Software and Service Companies (Nasscom) will focus on good corporate governance and ethics among its member companies.
The board of Satyam Computer Services has appointed The Boston Consulting Group as management advisor, and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers to advise the company on various strategic options, including bringing in a large investor in the company.
Indian outsourcer Satyam Computer Services is turning to YouTube to get its own message across to viewers worldwide in the wake of the financial crisis in the company.
The board of scandal-ridden Satyam Computer Services met again on Friday without arriving at a solution to the company's liquidity crisis, or selecting a new management team for the company.
Although analysts expect that Satyam Computer Services will lose customers in the fallout of its accounting scandal, major customer General Electric said Tuesday it had not moved work from Satyam.
The newly reconstituted board of financially troubled Indian outsourcer Satyam Computer Services met for the second time on Saturday, and the company's future remains unclear.
India's largest outsourcer, Tata Consultancy Services (TCS), reported for the quarter ended Dec. 31 flat growth in dollar revenue and an 18 percent drop in profits compared to the same quarter a year earlier.
The government-appointed board at financially troubled Indian outsource Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts.