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 ...

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 ...

India outsourcing giant hit by billion-dollar fraud scandal - PhysOrg

Company founder and chairman B. Ramalinga Raju admitted the Hyderabad-based software services firm had falsified accounts and assets and inflated its profits over several years. The company overstated its cash and bank balances to the tune of more ...

Huge fraud at Indian tech outsourcing firm rocks markets - Los Angeles Times Blogs

Revelations of a huge corporate scandal in India triggered a plunge in the country’s markets today and cast a shadow over stocks worldwide, just as investors had been regaining confidence in recent weeks. Ramalinga Raju, chairman of one of India ...

India's Madoff? Satyam Scandal Rocks Outsourcing Industry - BusinessWeek

B. Ramalinga Raju resigned on Jan. 7, 2009, admitting the firm had falsified accounts and assets and inflated its profits over several years. Noah Seelam/AFP/Getty Images On the morning of Jan. 7, Ramalingam Raju , the chairman of troubled Indian IT ...