THE head of Indian outsourcing company Satyam Computer Services quit overnight, after disclosing that profits had been falsely inflated for years and sending its shares plunging nearly 80 per cent. India's biggest corporate scandal in memory ...

Fraud at Satyam raises questions on corporate honesty; stock plunges - RTT News

(RTTNews) - The resignation of Ramalinga Raju, chairman of Indian software services provider Satyam Computer Services Ltd. (SAY: News ), on Wednesday, once again raises questions about corporate ethics and accountability. Raju, who has remained in ...

Satyam interim CEO forms team to oversee operations - MSN India

Mumbai: Satyam Computer Services has formed a new team to look into its day-to-day affairs, following the resignation of its chairman Ramalinga Raju. The interim CEO of Satyam, Ram Mynampati, has sent a letter to the management and staff, announcing ...

Asian stock markets open 2009 mostly higher - Island Packet Online

Photo: Staffs of the Korea Stock Exchange Market celebrate during the opening ceremony for the Year 2009 trading at the Korea Stock Exchange in Seoul, South Korea, Friday, Jan. 2, 2009. The Korea Composite Stock Price Index (KOSPI) started with 1,132 ...

IT firms bullish on pharma outsourcing - Daily News and Analysis

At a time when information technology (IT) companies have frozen recruitments, Hari Singh hadn’t imagined he would get a job offer from a software firm. The Bachelor of Ayurvedic Medicine and Surgery (BAMS) graduate will soon be joining the Mumbai ...