Though corporate affairs minister Salman Khursheed had hinted at government intervention, the first phase of layoffs has started at Satyam Computer Services (SATYAM.BO : 66.95 +4.1). Trainers, HR and sales and marketing executives are being singled out for action by Tech Mahindra (TECHM.NS : 586 +26.9), Satyam’s new owner. “The first phase of layoffs has [...]
Posts Tagged ‘Sathyam’
Wed, Jan 7 01:34 PM The chairman of Satyam Computer Services resigned on Wednesday, saying profits had been inflated over the last several years. Following is the text of his letter, which was released by the Bombay Stock Exchange. Note: references using Indian numerical system of crores and lakhs have been converted to Western system. [...]
NEW YORK: Satyam Computer Services has reportedly been banned from doing any off-shore work with the World Bank after the Bank’s forensic experts discovered that spy software was covertly installed on workstations inside the bank’s Washington headquarters, allegedly by one or more contractors from Satyam Computer Services. According to a Fox News report, the forensic [...]
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