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Indian IT news - April 2009 - This Week Archive

18-Apr-09

Tech Mahindra to firm up Satyam transition plan

Economic Times

HYDERABAD: Tech Mahindra, the new owner of Satyam Computer Services, is set to firm up transition plans, including employee retention, on Monday at a ...

18-Apr-09

Suryanarayana Raju pledged Satyam's shares fraudulently

Economic Times

HYDERABAD: B Ramalinga Raju, the defamed founder of Satyam Computer Services, gave his sibling B Suryanarayana Raju the power of attorney to sign documents ...

18-Apr-09

Bench refuses to quash TCs

Hindu

MADURAI: The Madras High Court Bench here on Friday refused to quash transfer certificates issued to three engineering students for consuming liquor inside ...

18-Apr-09

Sonata Software net profit at Rs. 76 crore

Hindu

BANGALORE: Sonata Software earned revenues (consolidated) of Rs. 1591 crore in 2008-09, an increase of 11 per cent over the previous year. ..

18-Apr-09

Organisational rejig at Wipro

Times of India

BANGALORE: The country's third largest tech firm, Wipro Ltd, has announced an organisational reshuffle, a week prior to its annual earnings announcement. ...

18-Apr-09

Forex losses likely to play spoilsport for TCS

Economic Times

After disappointing numbers from Infosys, analysts and investors are anxiously awaiting the quarter-end figures of the country's second biggest IT exporter ...

18-Apr-09

China to approach Infosys, HCL

Economic Times

17 Apr 2009, 2237 hrs IST, PTI GURGAON: China would approach Indian software majors such as Infosys and HCL to set up units in IT and BPO parks, ...

18-Apr-09

DLF to exit from four IT/ITeS SEZs

The Statesman

NEW DELHI, April 17: Realty giant DLF has approached the commerce ministry for surrendering four notified IT/ITeS special economic zones (SEZs) in the wake ...

18-Apr-09

Infosys trainee kills self, family blames work stress

IBNLive.com

New Delhi: Infosys, often counted as one of the finest IT organisations to work for in the country has been rocked by the suicide of a young professional. ...

18-Apr-09

TCS BPO employees impacted by new pay structure

Moneycontrol.com

Tata Consultancy Services (TCS) is learnt to be restructuring pay-scales for its BPO employees. The first step being withholding quarterly variable pay. ...

18-Apr-09

Infosys goads science graduates on bench to join BPO

Daily News & Analysis

Bangalore: Tech major Infosys is encouraging the science graduates on its bench to respond to vacancies in its business process outsourcing (BPO) arm. ...

18-Apr-09

Seminar held on innovative software technology

Ludhiana Newsline

Ludhiana A seminar-cum-workshop on security through power black box and other security issues, merchant banking, recession; and structured financing was ...

18-Apr-09

HCL Technologies - Allotment of equity shares

Hindu Business Line

MUMBAI: HCL Technologies Ltd has informed the BSE that the employees stock option allotment committee of the company on April 16, 2009, allotted 66500 ...

18-Apr-09

Politics and the Satyam scam...

UTVi 

HYDERABAD: From corporate India's poster boy to the perpetrator of corporate India's biggest scam ever, the rise and fall of Satyam founder Ramalinga Raju ...

18-Apr-09

Infosys sees $1-b domestic deals

Times of India

BANGALORE: At a time when customers in its top markets of US and Europe are slashing their IT budgets, Infosys Technologies sees over $1 billion worth of ...

18-Apr-09

Infosys to freeze April wage hike, promotions

Rediff

The impact of the global meltdown has forced India's second largest IT bellwether Infosys Technologies to freeze wage hikes and hiring in new fiscal 2009-10 ...

18-Apr-09

Nokia, HCL arm ink JV for direct sales

Myiris.com

HCL Technologies arm, HCL Infocomm and Nokia have entered into a joint venture (JV) to set up exclusive retail outlets that sell handsets and services ...

18-Apr-09

Finance dept, not HRD, managed Satyam payroll

Indiatimes

HYDERABAD: The payroll at tainted Satyam Computer Services was managed entirely by its finance department, while the IT firm's human resources department ...

 


15-Apr-09

Satyam @ Tech Mahindra: A bailout or sound acquisition?

Economic Times

Much has been written about the speed and effectiveness with which the government-appointed board restored systemic confidence by finding a suitor for ...

15-Apr-09

Tech Mahindra posing challenge to TCS, Infosys, Wipro, HCL

Economic Times

NEW DELHI: With Satyam in its fold, Tech Mahindra will emerge as the most important player in the telecom and auto verticals of India’s software and .

15-Apr-09

Infosys's outlook to set the tone for earnings

Times of India

MUMBAI/BANGALORE: On Wednesday, before the Indian stock markets open for trading, technology bellwether Infosys will be out with its 2008-09 results. .

15-Apr-09

Satyam Computer seeks to delist from European exchange

Livemint 

Hyderabad: Software firm Satyam Computer Services Ltd plans to delist from Euronext Amsterdam, a constituent exchange of NYSE Euronext,

15-Apr-09

Two held for murder of BPO employee

Times of India

BANGALORE: Two persons have been arrested for their alleged involvement in the murder of a BPO employee here last month. Honey Mary, the wife of the ...

15-Apr-09

Wipro silent on last year's campus recruits

Economic Times

BANGALORE: Wipro is mum on the fate of 7000 job offers it made on campuses during the last fiscal. These fresh recruits will be graduating in May-June this ...

15-Apr-09

Transcend's Flash Drives with eSobi Software

Techtree.com

Storage and multimedia products manufacturer Transcend has unveiled an enhanced version of its 8GB JetFlash V30 USB flash drives. These now come preloaded ...

15-Apr-09

Indian ADRs: Satyam slips 11%, Tata Motors slips 4.6%

Moneycontrol.com

Indian ADRs ended mixed on Tuesday. In the IT space, Satyam was down 11.11% at $ 2, Wipro was down 3.54% at $ 8.44, Infosys was down 2.44% at $ 28.76 and ...

15-Apr-09

SFIO concludes Satyam probe

Business Standard

The Serious Fraud Investigation Office (SFIO), which had the task of investigating the Rs 7000 crore Satyam fraud, has submitted its report to the ...

15-Apr-09

Demand from IT sector gets back some sizzle for SEZs

Business Standard

Demand for special economic zones (SEZs) appears to be reviving even as realty developers are shying away from developing these tax-free enclaves due to ...

15-Apr-09

Polaris Software to invest $20 mln in insurance centre

Reuters India

MUMBAI, April 14 (Reuters) - Polaris Software Lab Ltd (POLS.BO: Quote, Profile, Research) on Tuesday said it plans to invest $20 million to set up a centre ...

15-Apr-09

IT-BPO headcount may stay nearly constant in this fiscal

Hindu Business Line

New Delhi/Chennai, April 14 The overall manpower strength of the Indian IT and BPO industry for FY10 could remain “nearly constant” or be a shade lower than ...

15-Apr-09

Software that monitors your work

Deccan Herald

Software becomes the new Panopticon. It can monitor workers who, conveniently, do most of their work on computers. It can also measure their efforts and ...

15-Apr-09

Moral hazard in Satyam resurrection

Hindu Business Line

Unique by global standards, the Satyam takeover poses dangers of moral hazard unless accompanied by swift action against the swindlers, says ASHOAK UPADHYAY ...

15-Apr-09

Satyam to delist ADS from NYSE Euronext

Hindu Business Line

HYDERABAD: Satyam Computer said on Tuesday it would delist its American Depositary Shares from NYSE Euronext in Amsterdam due to financial and legal ...

15-Apr-09

BPO staff allowed to vote, but conditions apply

mydigitalfc.com

By Saswati Mukherjee BPO companies in Hyderabad are ready to allow their employees to cast their vote on the day of election if they prove that they had ...

15-Apr-09

Satyam to delist ADS from Euronext Amsterdam post acquisition

domain-B

Satyam Computer Services Ltd will delist its American Depository Shares (ADS) from NYSE Euronext, while it will continue to remain listed on the Indian ..

15-Apr-09

Satyam loss is l&t's blessing in disguise

Rediff

The Street appears to be quite relieved that Larsen and Toubro hasn't won the bid for Satyam Computer Services [Get Quote]. The L&T stock, which fell by ...

15-Apr-09

Infosys sacks 2100 Employees

BreakingNewsOnline

24/7 News Network: IT superpower Infosys Technologies has fired over 2100 employees after the annual appraisal, according to the HR sources in the company. ...

15-Apr-09

Infosys fires two thousand employees

Khabrein.info

India's leading software giant Infosys has fired nearly two thousand employees across the nation. The reason offered was zero tolerance to non-performance ...

15-Apr-09

Top Indian firms are glad a tech giant didn't acquire Satyam

Siliconindia.com

By agencies "A larger company like Cognizant would have been more successful in retaining the clients of Satyam and could have made a strong pitch for ...

15-Apr-09

IT industry needs a makeover to appeal to women as a career, says ...

IT News Online

40% of male IT Directors believe that the image of the IT profession needs a makeover if it is to attract more women to the industry, according to new ...

15-Apr-09

No retrenchment in Satyam: PC Gupta

UTVi

NEW DELHI: Union company affairs minister PC Gupta says there is very little likelihood of a major retrenchment in Satyam, post its sale to Tech Mahindra. ...

15-Apr-09

Software Technology Group International to consider financial ...

Equity Bulls

Software Technology Group International Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 30, 2009, ...

15-Apr-09

Software Professionals' Incubation Centre @ SEED Infotech Ltd ...

India PRwire (press release)

High-end IT Training organization, SEED Infotech has launched a Software Professionals' Incubation Centre (SPIC) to prepare budding IT professionals ...

15-Apr-09

Satyam's saviour has a mountain to climb

Rediff

Early on Monday morning, the chairman of the government-appointed board of Satyam Computer Services [Get Quote], Kiran Karnik, hurried into the Taj ...

15-Apr-09

Timeline of events at Satyam

Times of India

Dec 18 - Satyam board plans to meet Dec 29 to consider a share buyback to restore confidence. Dec 23 - Satyam barred from business with the World Bank for ...

15-Apr-09

Infosys Technologies layoff 2100 underperformers

Ub News

Infosys Technologies has fired 2100 people across the country, after an annual performance appraisal exercise concluded mid-March. ...

15-Apr-09

Govt, Industry Pulled out Satyam from Disaster

Daijiworld.com

Bangalore, Apr 14: If you go to the website enron.com, all that it will tell you is about the efforts of the Enron Creditors Recovery Corp's efforts ‘‘to ...

15-Apr-09

Rimage to Release Enhanced Producer Software Suite Version 8.2

TechWhack (press release)

Rimage Corporation (NASDAQ: RIMG), the industry-leading provider of on-demand digital publishing systems, announces a June release of Producer Software ...

15-Apr-09

Black Duck Software estimates development cost ofOpen Source ...

PressReleasePoint (press release)

To put this figure into perspective, the cost to develop open source software code is equivalent to nearly 50 percent of the US government’s recently passed

15-Apr-09

Tension Software releases Password Repository 2.8 - Password Manager

TechWhack (press release)

Tension Software today announces Password Repository 2.8 for Mac OS X. Password Repository can manage all passwords and accounts used on internet. ...

15-Apr-09

Check Point Software Technologies' acquisition of Nokia's security ...

PressReleasePoint (press release)

Espoo, Finland and Mountain View, CA, USA - Nokia and Check Point Software Technologies today announced the completion of Check Point's acquisition of ...

16-Apr-09

Infosys Q4 show points to tough road for IT sector

Economic Times

The fourth quarter performance of IT bellwether Infosys and its FY10 guidance confirm the weakening fundamentals of the country's export-driven IT sector. ...

16-Apr-09

Satyam seeks appointment of more directors on board

Economic Times 

15 Apr 2009, 1937 hrs IST, PTI NEW DELHI: Satyam Computer Services today sought Company Law Board (CLB) nod to appoint four new directors on its board. ...

16-Apr-09

CBI probes recruitment process at Satyam

Economic Times

HYDERABAD: The Central Bureau of Investigation (CBI) has started probing the recruitment process at Satyam Computer Services over the past seven years, ...

16-Apr-09

Indian shares fall as Infosys outlook dampens

Reuters India

MUMBAI, April 15 (Reuters) - Indian shares fell more than 2 percent early on Wednesday, dragged down by Infosys Technologies (INFY. ...

16-Apr-09

Infosys fails to realize USD 5bn revenue dream

Moneycontrol.com

In its annual guidance a year ago, Infosys said revenues would cross USD 5 billion. But much to the disappointment of investors, the company has only ...

16-Apr-09

Equities open lower; Infosys Technologies down 6%

Economic Times

MUMBAI: Equities opened lower on Wednesday with the technology sector under severe pressure after industry leader Infosys Technologies announced ...

16-Apr-09

Sensex shrugs off Infosys warning, rallies 318pts

Business Standard

The Sensex opened 162 points lower at 10805 and soon touched a low of 10719 on the back of negative cues from the overseas markets coupled with earnings ...

16-Apr-09

Earnings impact: Infosys ends down 3%

Business Standard

Infosys tanked nearly 8% in opening trades this morning after the company lowered its guidance for the first quarter of next fiscal. ...

16-Apr-09

Infosys has support at Rs 1300: Sukhani

Moneycontrol.com

Technical Analyst, Sudarshan Sukhani is of the view that Infosys Technologies has support at Rs 1300. Sukhani told CNBC-TV18, "Infosys has big support at Rs ...

16-Apr-09

Infosys declares 270% final

Sify 

Bangalore: Infosys Technologies Ltd has declared a final dividend of Rs 13.50 per share, which is 270 per cent on par value of Rs 5 per share, ...

16-Apr-09

No delay in constituting new Satyam board: MCA

Livemint 

Corporate affairs minister Premchand Gupta said tha t the employees are always the foundation of a company. No wise management would like to unnecessarily ...

16-Apr-09

Stocks in news: Infosys, Sterlite Ind, GHCL, Reliance Com, SBI ...

Economic Times

MUMBAI: Oil prices continued to fall in Asian trade today on concerns of slowdown in global oil demand. New York's main futures contract, light sweet crude ...

16-Apr-09

Hope springs at Satyam

Express Buzz

The expeditious manner in which the government- appointed board of directors of scam-scarred Satyam Computer Services was able to find a new buyer is indeed ...

16-Apr-09

BPO profits likely to drop as much as 55%

Daily News & Analysis

Mumbai: Bank of America Securities-Merrill Lynch has cut the growth outlook for the pure-play Indian BPO sector drastically. Pointing to factors such drop ...

16-Apr-09

Infosys forecasts downside in Q1, FY10 results

India Infoline.com

Infosys Technologies Ltd. on Wednesday announced business outlook for the quarter ending June 30, 2009 and for the fiscal year ending March 31, 2010, ...

16-Apr-09

Satyam to delist shares from Euronext Amsterdam

Siliconindia.com

By IANS Hyderabad: Fraud-hit Satyam Computer Services has filed an application with the New York Stock Exchange (NYSE) to delist its American depository ...

16-Apr-09

Satyam seva

Indian Express

Across the world, governments are grappling with how to deal with companies in trouble. In many cases the problems are similar: venal or incompetent ...

16-Apr-09

Intellvisions Software to declare FY 2009 results by Jun 30, 2009

Equity Bulls

Intellvisions Software Ltd has announced that the Board of Directors of the Company has decided to approve, adopt and publish the Audited Financial Results ...

16-Apr-09

Infosys Q4 net profit up

Deccan Herald

India’s IT bellwether Infosys on Wednesday announced a net profit of Rs 1613 crore for the fourth quarter of fiscal 2008-09, up by 29.1 per cent over the ...

16-Apr-09

Satyam And Public Policy

Livemint

The government agencies and the interim board that managed to sell Satyam Computer Services to Tech Mahindra deserve credit for a job well done. ...

16-Apr-09

Mastek's US unit, Flexi sign accord for insurance offerings

Indopia

Mumbai , April 15 IT solution provider Mastek Ltd said its US subsidiary Majesco Mastek has signed an agreement with Flexi Software to deliver integrated ...

16-Apr-09

SAP Enchances its Business Intelligence Software

enterpriser.in

By Enterpriser Staff | Apr 15, 2009 1641 hrs IST SAP Asia Pacific and Japan (APJ) has unveiled enhancements to SAP businessobjects Edge BI 3.1, ...

16-Apr-09

Sensex falls 248 pts in early trade on Infosys' results

Press Trust of India

Mumbai, Apr 15 (PTI) Snapping a seven-session winning streak, the Bombay Stock Exchange benchmark Sensex fell by over 248 points in early trade on emergence ...

16-Apr-09

Custom software outsourcing

Merinews

Software outsourcing has been lately acquired immense importance among the western nations. The article enlists the various prevalent trends and the regular ...

16-Apr-09

Satyam freshers in a fix

Siasat Daily

Hyderabad, April 15: The news of Tech Mahindra emerging as the highest bidder for Satyam Computer Services Ltd. evoked a mixed response from Satyam recruits ...

16-Apr-09

Satyam moves CLB to induct 4 Tech Mahindra officials on board

Indopia

New Delhi, Apr 15 Satyam Computer Services today moved Company Law Board (CLB) to seek its nod to induct four directors from Tech Mahindra, ...

16-Apr-09

Infosys Technologies

MorungExpress

AP Photo Infosys Technologies Ltd. Chief Executive Officer S. Gopalakrishnan, right, and Chief Financial Officer V. Balakrishnan pose for a photograph after ...

16-Apr-09

Wipro: Leader in Global IT Infrastructure Outsourcing

Merinews

Wipro has been named a leader by Independent Research Firm in Global IT Infrastructure Outsourcing in its report, Q1 2009. Wipro scored the highest in the ...

16-Apr-09

Infosys Technologies continues to slide

Myiris.com

The scrip has touched an intra-day high of Rs 1355 and low of Rs 1300.05. The total volume of shares traded at the BSE is 120723. In the earlier session, ...

16-Apr-09

Skelta Software Named Cool Vendor!

EFYTimes (press release)

Speaking on this recognition, Sanjay Shah, CEO, Skelta, said, "We are excited and honoured to have been named a "Cool Vendor" in Business Process Management ...

16-Apr-09

Infosys net up 29 percent in fourth quarter

Newstrack India

Bangalore, April 15 (IANS) Infosys Technologies Ltd posted a consolidated net profit of Rs.16.13 billion (Rs.1613 crore) for the fourth quarter ...

16-Apr-09

Satyam plunges 6% in morning trade

Hindu Business Line

MUMBAI: The Satyam Computer shares on Wednesday fell as much as six per cent on the Bombay Stock Exchange after the company's announcement that it would ...

16-Apr-09

Capt Gopinath gets support from IT Industry

Mangalorean.com

By Team Mangalorean Bangalore Bangalore, April 15: The IT industry came in full support of Capt Gopinath, the pioneer in introducing cheap air travel in the ...

17-Apr-09

Wipro focuses on crisis-proof biz segments

Economic Times

BANGALORE: Wipro Technologies, India's third biggest software exporter, has established a new practice for serving healthcare customers, ...

17-Apr-09

Infosys sees projects worth $1 bn coming up in India

Economic Times

BANGALORE: At a time when customers in its top markets of US and Europe are slashing their IT budgets, Infosys Technologies sees over $1 billion worth of ...

17-Apr-09

Finance dept, not HRD, managed Satyam payroll

Economic Times

HYDERABAD: The payroll at tainted Satyam Computer Services was managed entirely by its finance department, while the IT firm's human resources department ...

17-Apr-09

CLB seal on Satyam sale deal

Calcutta Telegraph

New Delhi, April 16: The Company Law Board (CLB) today cleared the decks for Tech Mahindra to acquire a 31 per cent stake in fraud-hit Satyam Computer ...

17-Apr-09

New Satyam directors get immunity shield

Times of India

NEW DELHI: The Company Law Board on Thursday granted immunity shield to the directors to be appointed on the Satyam board by Tech Mahindra, giving them a ...

17-Apr-09

Nokia ties up with HCL arm for direct sales

Economic Times

NEW DELHI: Nokia has entered into a joint venture (JV) with HCL Infocomm to set up exclusive retail outlets that sell handsets and services directly to ...

17-Apr-09

Infosys to freeze April wage hike, promotions

Business Standard

The impact of the global meltdown has forced India's second largest IT bellwether Infosys Technologies to freeze wage hikes and hiring in new fiscal 2009-10 ...

17-Apr-09

BG Srinivas top grosser among Infosys staff

Economic Times

BANGALORE: BG Srinivas, the head of European business at Infosys Technologies, is the highest paid executive in the country's second biggest IT services ...

17-Apr-09

Infosys a market performer: Khandwala Securities

Moneycontrol.com

Khandwala Securities has rated Infosys Technologies as a market performer with target price of Rs 1490 in its April 16, 2009 research report. ...

17-Apr-09

Meet Infosys' highest-paid execs

Times of India

Sensing a tough economic climate, the country's second-largest IT company Infosys Technologies has announced a salary and promotion freeze. ...

17-Apr-09

Reliance Money recommends 'Reduce' on Infosys

Economic Times

MUMBAI: Reliance Money has recommended ‘Reduce' call on Infosys Technologies with price target of Rs 1234. The brokerage is negative on the sector on ...

17-Apr-09

Infosys employee commits suicide

Times of India

MYSORE: Abhijith Mukherje (23), an employee of Infosys, allegedly committed suicide here on Wednesday. He was found hanging in his room on the campus. ..

17-Apr-09

Microsoft launches software for SMEs

Hindu Business Line

NEW DELHI: IT major Microsoft on Thursday launched its Window Server 2008 Foundation targeted at the SME segment and has partnered with HP and Dell to roll ...

17-Apr-09

Infosys China breaks even in Q4

Sify

Bangalore: Six years after it set up a subsidiary to address the neighbouring Chinese market, Infosys Technologies has achieved a break-even in that country ...

17-Apr-09

Karnik sees no merit in ICAI poser on Satyam stake sale timing

Hindu Business Line

New Delhi, April 16 The Satyam Chairman, Mr Kiran Karnik, has told Business Line that he is “really surprised and shocked” at the remarks made by the ICAI ...

17-Apr-09

Wipro BPO receives highest rating from IDC

CIOL

BANGALORE, INDIA: Indian IT leader Wipro Technologies, today said that its Business Process Outsourcing division, Wipro BPO has received the 'highest ...

17-Apr-09

Infosys Australia Launches New Consulting Business

EFYTimes (press release)

According to Jackie Korhonen, CEO, Infosys Australia, “Our new Consulting and Systems Integration practice will allow us to engage with clients earlier in ...

17-Apr-09

Tata Consultancy Services to Host Conference Call on Monday, April ...

IT News Online

MUMBAI, India, April 16 /prnewswire-firstcall/ -- Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), will host a conference call on Monday, ...

17-Apr-09

Mastek's US arm joins Flexi Software to expand its best-of-breed ...

Equity Bulls

Mumbai, April 15, 2009: Mastek, a leading IT solutions player with global operations in providing new technology and IP-led enterprise solutions to ...

17-Apr-09

IGG Software releases iBiz 4 Public Beta

TechWhack (press release)

IGG Software today announces the public beta of iBiz 4, a full-version upgrade to its market-leading application for time-tracking, billing and project ...

17-Apr-09

Mach Software Design releases Clipboard Evolved - Clipboard Manager

TechWhack (press release)

Mach Software Design today announced a new version of its flagship product, Clipboard Evolved. Clipboard Evolved 2.25 makes it fun and easy to manage all ...

 


14-Apr-09

Politicians keep mum as Tech Mahindra rescues Satyam

Economic Times

HYDERABAD: When Satyam Computer Services collapsed in a heap on January 7, many expected that the noise would reverberate during election time. ...

14-Apr-09

Bail petitions of Satyam accused filed

Economic Times

13 Apr 2009, 2159 hrs IST, PTI HYDERABAD: The bail petitions of Venkatpati Raju and Srisailam, arrested in connection with the multi-crore rupee Satyam ...

14-Apr-09

SFIO submits Satyam fraud report to govt, say sources

Times of India

13 Apr 2009, 2139 hrs IST, PTI NEW DELHI: The Serious Fraud Investigation Office is believed to have completed the investigation of the Satyam-fraud case ...

14-Apr-09

Timeline of events surrounding Satyam Computer

Economic Times

Dec 18 - Satyam board plans to meet Dec 29 to consider a share buyback to restore confidence. Dec 23 - Satyam barred from business with the World Bank for ...

14-Apr-09

Satyam ADRs plunge 17% in opening trade on NYSE

Economic Times

13 Apr 2009, 2158 hrs IST, PTI NEW YORK: American Depositary Receipts of IT firm Satyam Computer today plunged nearly 17 per cent within minutes of opening ...

14-Apr-09

Govt, industry pulled out Satyam from a disaster

Times of India

BANGALORE: If you go to the website enron.com, all that it will tell you is about the efforts of the Enron Creditors Recovery Corp's efforts ‘‘to reorganise ...

14-Apr-09

Enron, Satyam were alike in most ways, barring saved jobs

Economic Times

13 Apr 2009, 2154 hrs IST, PTI NEW DELHI: For all the tar on Satyam, dubbed as 'India's Enron', the company has managed to save thousands of jobs by selling ...

14-Apr-09

Satyam allots 63228 equity shares under stock option

Times of India

13 Apr 2009, 1207 hrs IST, PTI MUMBAI: IT firm Satyam Computer on Monday said it has allotted 63228 equity shares under its stock option plans. ...

14-Apr-09

Satyam has 450 acres of land valued at Rs 1700 crore

Economic Times

13 Apr 2009, 2131 hrs IST, PTI MUMBAI: Scam-hit Satyam Computer on Monday said it owns 450 acres of land, half of which is on freehold, valued at Rs 1700 ...

14-Apr-09

Satyam surges in flat market

NDTV.com

Amid modest gains in Asian markets, the key benchmark indices are trading higher in early deals today. Satyam Computer has surged on the bourses ahead of ...

14-Apr-09

Infosys welcomes Satyam's acquisition

Economic Times

14 Apr 2009, 0004 hrs IST, PTI "It is commendable that the government appointed board at Satyam has been able to bring a closure to the uncertainty ...

14-Apr-09

Satyam: Vast majority of customers stayed on

Economic Times

MUMBAI: The vast majority of customers of fraud-hit Satyam Computer Services have stayed on through the process of a stake sale in the company, ...

14-Apr-09

Satyam has 48000 staff on its rolls

Hindu Business Line

Satyam Computer Services currently employs 48000 people on its rolls. It had lost around 5000 employees during the September-March period of the past fiscal ...

14-Apr-09

Stocks to watch on Monday: Satyam, ONGC, JK Tyre

Economic Times

MUMBAI: Equities are likely to open higher on Monday tracking positive cues from global shores. However, given the sharp run-up in the recent sessions, ...

14-Apr-09

Is Tech Mahindra best Satyam suitor? Experts react

Moneycontrol.com

Tech Mahindra finally emerged as the winner to take over crisis-ridden Satyam Computer Services. Reacting to the news of Tech Mahindra winning the Satyam ...

14-Apr-09

Infosys fires 2100 employees

Khabrein.info

By Khabrein.Info Correspondent, Bangalore, April 14, 2009: India’s IT powerhouse Infosys has fired around 2100 employees. It is said that the employees were ...

14-Apr-09

Open: Markets surge by 1%; Satyam in focus

Livemint

New Delhi: Markets rose by 1% for a seventh straight session on Monday as Asian markets traded firmly. The main focus today is on the expected announcement ...

14-Apr-09

Software roulette

UTVi

The gist of it is that Wipro will honour all offers made to all 6000 graduates during 2007-8. These grads would join the company between May and December ...

14-Apr-09

Satyam Completes Bidding Process

Prdomain Business Register (press release)

13 Apr 2009 , Mumbai : Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company"), announced earlier today that the bidding ...

14-Apr-09

Infosys welcomes Satyam's acquisition

Indiatimes

"It is commendable that the government appointed board at Satyam has been able to bring a closure to the uncertainty surrounding Satyam's future", ...

14-Apr-09

Tech Mahindra wins Satyam bid for Rs 1757 crore

TelecomTiger 

Indian software company Tech Mahindra has gained the lead to emerge as the highest bidder for a 31 percent stake in the beleaguering firm, Satyam. ..

14-Apr-09

IT Sector Bad Times

Siliconindia.com

IT companies are about to show the negative results this quarter. The US accounts for 58% of the market and the UK another 19%. ...

14-Apr-09

India's L&T to hold on to Satyam stake: CFO

Reuters India

MUMBAI (Reuters) - India's Larsen & Toubro (LART.BO: Quote, Profile, Research), which has built up a 12 percent stake in Satyam Computer Services (SATY. ...

14-Apr-09

Tech Mahindra highest bidder to acquire Satyam

Times of India

13 Apr 2009, 1316 hrs IST, PTI MUMBAI: Ending the three-month ordeal of about 50000 employees, Tech Mahindra on Monday emerged as a top bidder for a 31% ...

14-Apr-09

HCL Tech Mar qtr net profit seen at Rs 244 cr: R Money

Moneycontrol.com

Reliance Money has come out with its earning estimates on IT Sector for the quarter ended March 2009. According to the research firm, HCL Technologies' ...

14-Apr-09

Emerald Software Enhances Workforce Management Solutions Through ...

IT News Online

ALPHARETTA, Ga., April 13 /prnewswire/ -- Emerald Software Group, LLC (Emerald Software, http://www.emeraldsoftwaregroup.com) announced today its strategic ...

14-Apr-09

Red Bend Software 'Continues to Dominate' in Firmware Over-the-Air ...

IT News Online

Increases Market Share to 60% of FOTA Shipments WALTHAM, Mass., April 13 /PRNewswire/ -- Red Bend Software, the market leader in Mobile Software Management ...

14-Apr-09

Disk Doctor announces Advanced Photo Recovery Software for Mac

TechWhack (press release)

Disk Doctors Labs today announced Advanced Photo Recovery for Mac OS X. Disk Doctors Photo Recovery recovers several image types, RAW photo formats, ...

14-Apr-09

TECH MAHINDRA WINS SATYAM BID

Star of Mysore 

New Delhi, Apr. 13- Tech Mahindra today outbid L&T and others and won the Satyam bid, according to reports. According to private TV channel sources, ...

14-Apr-09

Equities rise; Satyam, Tech Mahindra lead

Financial Express 

Mumbai: Equities rose 0.8 per cent on Monday morning, extending their rise into a seventh straight session, but all eyes were on Satyam Computer ahead of ...

14-Apr-09

Tech Mahindra emerges highest bidder to acquire Satyam

SamayLive

Mumbai, Apr 13 : Tech Mahindra has emerged the higgest bidder for beleagured Satyam Computer with Rs 58 a share for acquiring a 31 per cent stake in the IT ...

 


13-Apr-09

Lack of enough financial data hits Satyam valuation

Economic Times

In more than one way, this 1971 Grateful Dead song captures the mindset of those bidding for Satyam Computers. Starting with the owning up of the financial ...

13-Apr-09

Satyam customers review their outsourcing contracts

Economic Times

HYDERABAD: As the government-appointed board of Satyam Computer Services prepares to announce a successful bidder on Monday, top Satyam customers are taking ...

13-Apr-09

Stocks to open higher; Satyam in focus

Economic Times

MUMBAI: Equities are likely to open higher on Monday tracking positive cues from global shores. However, given the sharp run-up in the recent sessions

13-Apr-09

Raju's claim to get family money from Satyam incongruous

NDTV.com

By law, a claim based in fraud not sustainable Kiran Karnik, chairman, Satyam board, feels that the government has been exceedingly cooperative and has ..

13-Apr-09

Satyam effect: Cos look for directors' cover

Economic Times

NEW DELHI: Call it the Satyam effect. Ever since Satyam founder B Ramalinga Raju confessed about a Rs 7000-crore fraud in the IT services company, ...

13-Apr-09

TCS moves 500 workers from UK to India

Daily News & Analysis

Mumbai: As a part of its cost-cutting drive, Tata Consultancy Services (TCS), the country's largest software company by headcount, has brought about 10% of ...

13-Apr-09

Satyam staff worried new employer may cut jobs

Hindu Business Line

Hyderabad, April 12 A day ahead of the start of the stake sale process of Satyam, worries about a possible “optimisation” of human resources by the new ...

13-Apr-09

Stocks to watch: TATA Steel, SBI, Satyam...

Myiris.com 

Computer giant Microsoft has signed a USD 170-million five-year contract with India`s HCL for outsourcing work for its online business productivity suite. ...

13-Apr-09

Wipro tells 6000 grads to join; waives bond deposit

The Asian Age

April 12: IT services firm Wipro has sent out joining letters to about 6000 campus hires last week, originally offered jobs in fiscal year 2007-08. ...

13-Apr-09

Infosys' guidance holds the key

Business Standard

PTI / Mumbai April 13, 2009, 0:57 IST Dalal Street is likely to open on a positive note this week following improvement in global cues, while IT major ...

13-Apr-09

Satyam scam: CBI records statements of Sebi officials

Business Standard

PTI / New Delhi April 12, 2009, 18:05 IST The Central Bureau of Investigation (CBI) has recorded statements of officials of stock market regulator Sebi in ...

13-Apr-09

Infosys fires 2100 for poor performance

Siliconindia.com

By siliconindia news bureau Bangalore: Due to the poor performance, Infosys Technologies has given pink slips to 2100 of its employees across the country, ...

13-Apr-09

Data given to bidders shows Satyam revenue at $1.5-1.7b

mydigitalfc.com

By Reuters Fraud-hit Satyam Computer Services’s annual revenues appear to be about $1.5 billion to $1.7 billion, three sources who have analysed data

 






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