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 ...

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 ...

Ann Arbor Based Company Redefining 'Outsourcing' - Earthtimes

ANN ARBOR, Mich. , Jan. 7 /PRNewswire/ -- Mention the term "outsourcing" in a manufacturing stronghold like Michigan , and the image of jobs leaving the state is the first thought that occurs to many people. But for LegalEase Solutions LLC, the ...

Unisys Wins IT Outsourcing Services Contract with Dr Pepper Snapple ... - WebWire

BLUE BELL, Pa. – Unisys Corporation ( NYSE: UIS ) today announced that it has received a one-year outsourcing contract from Dr Pepper Snapple Group, one of the largest beverage companies in the Americas. Under the terms of the agreement, which ...