The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly ...

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 ...

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 ...

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

On the morning of Jan. 7, Ramalingam Raju , the chairman of troubled Indian IT outsourcing company Satyam Computer Services ( SAY ), sent a startling letter to his board and the Securities & Exchange Board of India. Raju acknowledged his culpability ...

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 ...