Accounting scandal at Satyam could be India's Enron - Reuters
Canada
BANGALORE (Reuters) - The head of Indian outsourcing company Satyam
Computer Services resigned on Wednesday, disclosing that profits had been
falsely inflated for years and sending its shares plunging nearly 80
percent. India's biggest corporate ...
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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 ...
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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 ...
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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 ...
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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 ...
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