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 ...

Outsourcing shifts beyond Bangalore, Mumbai - CNET News

India's traditional outsourcing centers appear to be falling out of favor. According to Pierre Audoin Consultants, outsourcing companies are increasingly looking outside Bangalore and Mumbai when choosing bases in which to set up shop. PAC found that ...

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 ...

Business Tech - CNET News

India's traditional outsourcing centers appear to be falling out of favor. According to Pierre Audoin Consultants, outsourcing companies are increasingly looking outside Bangalore and Mumbai when choosing bases in which to set up shop. PAC found that ...