"SEBI has no authority to look into the quality of audit standards and audit services," SAT said
On January 7, 2009, Byrraju Ramalinga Raju, founder and chairman of Satyam, wrote to SEBI and the company's shareholders making an admission which shocked the global corporate community
Ramalinga Raju, in his initial email to the Securities Exchange Board of India and the Board of Satyam, had said the books of the company were inflated since several years but his family members had no idea about the fraud.
Raju, the kingpin of the scam, and nine other convicts had filed the appeals and applications in the MSJ court challenging their conviction, besides sentences and fines imposed in the over Rs 7,000-crore scandal.
In June last year, Tech Mahindra completed acquisition of Mahindra Satyam -- erstwhile Satyam Computer Services â€“ to become India's fifth largest software services firm. Mahindra is also the Chairman of Tech Mahindra.
IT services major Tech Mahindra today said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe.
Tech Mahindra today said it has extended the proposed merger of Mahindra Satyam with itself for six months.
Andhra Pradesh government today gave its consent to CBI for attachment of 44 properties belonging to Satyam Computers founder B Ramalinga Raju and his family members.
B Ramalinga Raju, the disgraced founder of Satyam Computers and prime accused in the company's multi-crore accounting fraud, was today granted bail by the Supreme Court after he spent two years and eight months in the jail.
The Supreme Court has finally granted bail to former Satyam head, Ramalinga Raju. Appaji Reddem of CNBC-TV18 has a report
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com talks to investors about two of his multibagger picks - IL&FS Engineering and Hindustan Dorr Oliver.
The Supreme Court today said the CBDT order, as and when it is passed, on Mahindra Satyam tax dispute case would not take effect for two weeks so that the IT company may challenge it in an appropriate forum.
The CBI, probing the multi-crore Satyam Computers accounting scam, has reduced the number of witnesses in the case to 220 as against 690, mentioned in the chargesheet following directions from the Supreme Court and to speed up the trial, a top official said.
Satyam Computers looks strong, says Prakash Diwan, Networth Stock Broking.
The Andhra Pradesh High Court has issued an interim order in the Mahindra Satyam's tax case against the Central Board of Direct Taxes (CBDT), allowing the company to access its bank accounts which hold Rs 1,300 crore. However, the court has laid down some conditions.
Mahindra Satyam is likely to approach the government to seek a part of the prime accused in the Satyam Computers scam, R Raju's assets, reports CNBC-TV18 quoting sources in the knowledge of the development.