India Investing

BANGALORE, INDIA: It's a year Indian IT sector would like to forget for more than one reason. Even as the industry was braving a global meltdown, its reputation was hit early 2009 when Satyam Computers founder B. Ramalinga Raju confessed to a $1.4-billion fraud.... read full » Read Full Story

Over 15 senior executives of the PricewaterhouseCoopers (PwC), whose Bangalore-based arm audited accounts of scam-hit Satyam Computer Services, have quit and would be joining PwC's global rival KPMG.... read full » Read Full Story

Bangalore, Dec 27 : It's a year Indian IT sector would like to forget for more than one reason. Even as the industry was braving a global meltdown, its reputation was hit early 2009 when Satyam Computers founder B. Ramalinga Raju confessed to a $1.4-billion fraud.... read full » Read Full Story

It's a year Indian IT sector would like to forget for more than one reason. Even as the industry was braving a global meltdown, its reputation was hit early 2009 when Satyam Computers founder B. Ramalinga Raju confessed to a $1.4-billion fraud. Read Full Story

Indian police said Wednesday they planned to file fresh charges in their investigation of the country's biggest corporate scandal involving outsourcing firm Satyam. A second set of charges was unveiled late last month against 10 suspects including company founder and chairman B. Ramalinga Raju, which doubled the size of the suspected fraud to 140 billion rupees (3.01 billion dollars). "We will soon file several more charge sheets in court but we cannot disclose any details as the investigations are in still progress," V.V. Laxmi Narayana, who heads the probe by the Central Bureau of Investigation, told AFP. "Only then we will say about the ... Read Full Story