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satyam computer services - News, Features, and Slideshows

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  • Satyam sets up testing center for MasterCard

    Satyam Computer Services is setting up a business applications testing center in Kuala Lumpur, Malaysia, for payments company MasterCard, reflecting a growing interest among customers to sign up new business with the Indian outsourcer as it recovers from a financial scandal.

    Written by John Ribeiro30 May 11 21:38
  • Satyam returns to loss because of U.S. settlement

    Indian outsourcer Satyam Computer Services went into loss again in the quarter ended March 31, after the company took a charge to settle a class-action lawsuit in the U.S., the company said Monday.

    Written by John Ribeiro23 May 11 21:37
  • Satyam will pay US$10M to settle US fraud charges

    Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the U.S. Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC said.

    Written by John Ribeiro06 April 11 16:15
  • Satyam says it is being taxed for fictional income

    Outsourcer Satyam Computer Services has challenged in a court in India a demand for rupees 6.16 billion (US$134 million) from India’s Income Tax Department, adding a new twist to the problems at the troubled company.

    Written by John Ribeiro22 March 11 23:48
  • India’s Satyam rebounds, but progress is slow

    Indian outsourcer, Satyam Computer Services, which is on the recovery after a corporate scandal, said that revenue and net profits grew in the third quarter ended Dec. 31.

    Written by John Ribeiro14 Feb. 11 19:23
  • Satyam plans to offer cloud services to customers

    Indian outsourcer Satyam Computer Services plans to offer cloud-based services to customers as one of many plans to recover ground it lost during a financial scandal at the company.

    Written by John Ribeiro09 Dec. 10 22:01
  • Satyam to merge with parent to create a focused outsourcer

    The planned merger of Indian outsourcer Satyam Computer Services with Tech Mahindra, its dominant shareholder, will lead to the creation of an outsourcer focused on key segments like telecommunications, manufacturing and enterprise applications, a company executive said on Tuesday.

    Written by John Ribeiro10 Nov. 10 04:01
  • Satyam faces challenges a year after financial scandal

    Satyam Computer Services' revenue skidded in the Indian fiscal year, even as a new management tried to reassure customers and employees, according to financial results released belatedly by the company.

    Written by John Ribeiro30 Sept. 10 01:14
  • Satyam to delist from New York Stock Exchange

    Satyam Computer Services will be delisting from the New York Stock Exchange (NYSE) in October, as it is not able to comply with the stock exchange's requirement to file its delayed financial results by an Oct. 15 deadline.

    Written by John Ribeiro25 Sept. 10 04:48
  • Satyam board to consider much-delayed accounts

    The board of Satyam Computer Services, the Indian outsourcer involved in a financial scandal, is meeting on 29 September to consider financial results of the company that were delayed after the scandal.

    Written by John Ribeiro21 Sept. 10 19:20
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