17 days ago
Satyam's Raju declared pauper by US court
New York, Jan 28 - A US court has declared former Satyam Computers chairman Ramalinga Raju, who last year was jailed after admitting to falsifying his company's accounts by over $1 billion, a pauper, thereby exempting him from paying court costs. Besides Raju, New York judge Barbara S Jones also approved 'pauper' status for his brother Rama Raju, Satyam's former chief executive officer, and Sr ... read more

7 months ago
To prevent accidents, Andhra to ban heavy vehicles
Hyderabad, July 14 - Alarmed over the rising number of road accidents before sunrise due to 'sleepy drivers', Andhra Pradesh is planning to ban movement of buses and other heavy vehicles between 3 a.m. and 5 a.m. The transport authority plans to issue orders to keep these vehicles off the highways in the early hours to bring down the number of accidents, Transport Minister S. Vijayarama Raju s ... read more

7 months ago
Court allows lie detector, brain mapping tests on Raju
Hyderabad, July 9 - A city court Thursday allowed the Central Bureau of Investigation - to conduct lie detector and brain mapping tests on Satyam Computer Services' disgraced founder and former chairman B. Ramalinga Raju and two other accused in the Rs.78 billion financial fraud. The XIV additional chief metropolitan magistrate allowed the investigating agency to conduct the forensic tests on Ra ... read more

7 months ago
Satyam Raju's judicial remand extended till July 22
Hyderabad, July 8 - A city court Wednesday extended by two weeks the judicial remand of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and other accused in the Rs.78 billion accounting fraud case. The XIV Additional Chief Metropolitan Magistrate extended the remand of Raju, his brother B. Rama Raju, former chief financial officer Vadlamani Srinivas and five o ... read more

7 months ago
Satyam Computers is now Mahindra Satyam
Hyderabad, June 21 - Two months after taking over scam-tainted Satyam Computer Services, Tech Mahindra Sunday renamed the IT major as Mahindra Satyam. The logo will be adopted from the Mahindra Group. 'This strategic move paves the way for the emergence of a robust brand, which draws from the core values of the Mahindra group and the inherent strength of the Satyam brand,' said a company stateme ... read more

9 months ago
Judicial custody of Satyam accused extended till May 13
Hyderabad, April 29 - A special court Wednesday extended the judicial custody of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and other accused in the Rs.78 billion fraud case till May 13. Central Bureau of Investigation -, which is probing the scam, brought Ramalinga Raju, his brother Rama Raju, former chief financial officer Vadlamani Srinivas and six oth ... read more

10 months ago
Satyam no longer pride of Andhra Pradesh
Hyderabad, April 13 - With Tech Mahindra Monday taking control of fraud-hit Satyam Computer Services, the IT bellwether will no longer be the pride of Andhra Pradesh or the brand image of Hyderabad. The development has ended an era of the company, which made an humble beginning in 1987 and went on to become India's fourth largest software services provider. While the industry in Hyderabad has w ... read more

10 months ago
Timeline of events surrounding Satyam Computer
Mumbai, April 13 - The following is the timeline of events surrounding Satyam Computer Services since its founder B. Ramalinga Raju made an abortive bid to make the company acquire two family enterprises, raising questions on corporate governance, followed by his admission to perpetrating India's biggest corporate fraud: Dec 16, 2008 - Satyam announces plan to buy two realty firms part-owned by ... read more

10 months ago
Three Satyam executives arrested, sent to jail
Hyderabad, April 6 - The Central Bureau of Investigation - has arrested three top executives of Satyam Computer Services Ltd in connection with the Rs.78 billion accounting fraud. G. Ramakrishna, vice-president, finance, D. Venkatpati Raju, general manager, finance, and another executive in the finance department, Srisailam, were Monday produced before a city court, which sent them to judicial c ... read more

10 months ago
CBI to file Satyam charge sheet April 9
New Delhi, April 2- The Central Bureau of Investigation - will file April 9 its first charge sheet in the Rs.78 billion - Satyam fraud, which surfaced in January shocking India Inc. 'We are going to file the first charge sheet April 9,' CBI director Ashwini Kumar told reporters here. Last month, the CBI accused Satyam founder B. Ramalinga Raju, his brother and another arrested official of 'no ... read more