Panel to monitor Saytam probe Oct 14, 2009
The investigation into the fraud in Satyam Computer Services, renamed Mahindra Satyam after being taken over by Tech Mahindra, is being conducted by several agencies such as the serious fraud investigation office (SFIO), CBI, ED and capital market regulator SEBI.. Even as all these agencies 00004000 worked in close coordination with each other from the early stages of the investigation, the committee has been a specific effort to bring together the investigation results of all of them, so as to... (India Times)
IL&FS' Saha to run show at Maytas Infra Oct 13, 2009
HYDERABAD: Arun K Saha, joint managing director of Infrastructure Leasing and Financial Services (ILill call the shots at Maytas Infra, once owned by the defamed promoters of Satyam Computer Services ... ILk management control of the infrastructure firm, which found it tough to execute projects, after the scam at Satyam Computers ... Arun K Saha, joint managing director of Infrastructure Leasing and Financial Services (IL&FS), will call the shots at Maytas Infra, once owned by the defamed... (India Times)
GS Vedi, Chairman and MD, Punjab & Sind Bank Oct 11, 2009
Earlier, we had an agreement with Satyam Computer Services for implementation and maintenance of CBS. But the company failed to meet its commitments and hence the delay. Now we have appointed Wipro to implement systems and expect to be fully on the CBS platform by the end of the next year. (India Times)
Tech Mahindra wins $50-million Saudi Telecom deal Oct 6, 2009
Tech Mahindra is also the largest stakeholder in the scam-hit Satyam Computer Services. The Tech Mahindra management has publicly stated that it intends to eventually merge both companies giving it a presence in all sectors. (India Times)
Satyam faces 2nd charge sheet Sep 22, 2009
HYDERABAD: The Central Bureau of Investigation (CBI) is set to quantify the hit that retail investors, mutual funds and foreign institutional investors (FIIs) took on their investments in scam-tainted Satyam Computer, following an erosion of the IT firms share price in January this year ... Several institutional investors and banks have made huge mark-to-market losses on their i 00004000 nvestments in the erstwhile Satyam Computers. (India Times)
Govt-appointed Satyam board gets Dataquest award Sep 18, 2009
NEW DELHI: The government-appointed board of scam-tainted Satyam Computer Services has been conferred the "Dataquest Person of the Year" award for its role in helping overcome the biggest corporate fraud in the country ... The government-appointed board of scam-tainted Satyam Computer Services has been conferred the "Dataquest Person of the Year" award for its role in helping overcome the biggest corporate fraud in the country. (India Times, India)
Satyam wins 32 new clients Sep 16, 2009
The company, earlier know as Satyam Computer Services, currently has about 420 clients, he said, compared with 480 in January before it was left battling for survival after Satyam's founder revealed India's biggest corporate fraud. Satyam was acquired by Tech Mahindra in an auction in April and subsequently renamed. (India Times, India)
SEBI for more transparency Sep 16, 2009
However, no one should expect these measures would actually curb the recurrence of Satyam Computer Services like accounting scandals. Rotation of audit partners, an international best practice, is long overdue. (India Times)
M Satyam logs out of Australia IT hub Sep 12, 2009
Incidentally, it was in July that Vineet Nayyar, executive vice chairman of Mahindra Satyam, as Satyam Computer Services is now known, had said during a visit to Australia that the company was committed to the project but was looking into its viability. 1. (India Times)
Early warning sys for corp frauds Sep 10, 2009
The initiative, which was mulled early last year, gained speed after after the emergence of the multi-crore financial fraud in the erstwhile Satyam Computer Services. The scam went untraced for seven years before its promoter B Ramalinga Raju decided to confess of wrongdoings in the company. (India Times)
Takeover code set for complete makeover Sep 9, 2009
Koushik Chatterjee, group chief financial officer of Tata Steel which bought Corus Group in the UK and YM Deosthalee, chief financial officer of Lh lost out a battle to buy out scandal-hit Satyam Computer Services, are the corporate executives who will help Mr Achutan in drafting recommendations. India introduced a formal takeover code in 1997, which helped set basic rules for mergers and acquisitions in the then nascent market for such transactions. (India Times)
Satyam restores variable pay of 28,000 employees Sep 9, 2009
HYDERABAD: Mahindra Satyam, the new owner of erstwhile Satyam Computer Services, has decided to restore variable pay for close to 28,000 employees across all levels from October this year, signalling recovery of the firm that was in deep financial distress after January this year. Sweeteners such as performance-based Employee Stock Option Plans (Esops) for senior and middle-level associates, staggered cash bonus for select employees at the junior level and welfare allowances will also be... (India Times)
Ramalinga Raju stable in intensive care unit Sep 9, 2009
HYDERABAD: Disgraced founder of Satyam Computer Services Ltd B Ramalinga Raju remained in the intensive care unit of a government-run hospital Tuesday after he suffered a cardiac arrest in a jail here ... Disgraced founder of Satyam Computer Services Ltd B Ramalinga Raju remained in the intensive care unit of a government-run hospital Tuesday after he suffered a cardiac arrest in a jail here. (India Times)
Ex-Satyam boss Raju in ICU, lawyer says blockage in arteries Sep 8, 2009
HYDERABAD: Disgraced founder of Satyam Computer Services Ltd B Ramalinga Raju remains in the intensive care unit of a government-run hospital on Tuesday after he complained of chest pain in a jail here. His condition is said to be stable. (India Times, India -- Community News)
Mahindra Satyam to allot 1,02,566 shares Sep 8, 2009
The board of directors of the company has allotted 1,02,566 equity shares under stock option plans, Mahindra Satyam (earlier known as Satyam Computer Services) said in a filing to the Bombay Stock Exchange. Earlier on July 13, the company's board had allotted 45,222 equity shares under stock option plans of the company. (India Times)
Former Satyam chief Ramalinga Raju suffers heart attack Sep 8, 2009
HYDERABAD: B Ramalinga Raju, former chairman of scam-tainted Satyam Computer Services , was admitted to the Nizams Institute of Medical Sciences (NIMS), following a heart on Monday evening ... Satyam Computers founder B Ramalinga Raju, lodged in Hyderabad's Chanchalguda Jail, suffered heart attack Monday evening. (India Times)
Indian ADRs gain $165 mn in a week Sep 6, 2009
For the week ended September 4, three IT stocks- Mahindra Satyam (earlier known as Satyam Computer Services), Infosys Technologies and Patni Computer Systems together added USD 1. 02 billion to their market capitalisation. (India Times)
IL&FS Fin Services' open offer to Maytas at Rs 112.80/share Sep 2, 2009
Cash-strapped Maytas was controlled by the family of Ramalinga Raju, the founder of Satyam Computer Services, who resigned from the software firm in January after revealing that profits had been inflated for years. Since then, Maytas has been put under the government scanner. (India Times)
Open offer at Rs 94/share Sep 1, 2009
IL&FS handed control of rival Maytas Infra amid cancelled contracts and deep financial distress at a company which was once overseen by the son of the dis-graced founder of the erstwhile Satyam Computer Services. Bookmark / Share. (India Times)
US regulator on auditors' role Aug 31, 2009
In these lawsuits, Satyam Computer, its promoters and management were charged with duping thousands of American investors of billions of dollars by artificially inflating share prices. The SEC team has conducted detailed discussions with the CBI specifically on the role of auditors in the multi-crore rupee scam. (India Times)
More >> Aug 31, 2009
MUMBAI: Larsen o (Lns to exit from its investment in Mahindra Satyam, formerly Satyam Computer Services, once the lock-in period expires in October, and is aiming to complete the transaction by the end of the current fiscal, chairman AM Naik said on Friday. The countrys largest engineering company expects to make a profit of up to Rs 250 crore from its 12% stake in Mahindra Satyam, Mr Naik told shareholders at the companys AGM. We have provided for a loss out of abundant caution. (India Times)
Maytas Infra posts loss, blames it on Satyam Aug 30, 2009
79 crores for FY'09 and attributed the poor showing to what it called "unprecedented events" linked to Satyam Computer ... 79 crores for FY'09 and attributed the poor showing to what it called "unprecedented events" linked to Satyam Computer. (India Times, India -- Intl Business)
SFIO to check books of 350 firms Aug 24, 2009
NEW DELHI: The Serious Fraud Investigation Office (SFIO) will scrutinise the balance sheets of over 350 companies and 800 bank accounts to track down the money allegedly stashed abroad by the promoters of fraud-hit Satyam Computer Services ... The Serious Fraud Investigation Office (SFIO) will scrutinise the balance sheets of over 350 companies and 800 bank accounts to track down the money allegedly stashed abroad by the promoters of fraud-hit Satyam Computer Services. (India Times)
'Satyam scam scared small investors' Aug 23, 2009
HYDERABAD: India has a huge potential to involve retail investors in the stock markets but they are not coming out to invest because they have learnt a lesson from the Satyam Computer fraud, feels Madhav Mehra, president of the London-based World Council for Corporate Governance ... India has a huge potential to involve retail investors in the stock markets but they are not coming out to invest because they have learnt a lesson from the Satyam Computer fraud, feels Madhav Mehra, president of the... (India Times)
Centre yet to assess Satyam fraud Aug 22, 2009
HYDERABAD: The Centre is yet to assess the magnitude of the fraud at Satyam Computer Services and find concrete proof of fund diversion by its founder B Ramalinga Raju, who confessed to cooking the IT firm's books in January this year. "The Enforcement Directorate and Internal Revenue Service are not looking at criminal culpability, but only probing charges on fund diversion to destinations outside India and among the firms promoted by Raju. I cannot quantify the size of the fraud, but can only... (India Times)
Satyam, Raju owe government Rs 541 crore in I-T dues Aug 8, 2009
Out of the total dues, Satyam Computer, now called Mahindra Satyam, alone owes a hefty Rs 533 crore to the I-T department. The Maytas group, promoted by the two sons of Raju, owes Rs 2. (India Times)
Satyam: SC to hear shareholders' plea on Monday Aug 7, 2009
NEW DELHI: The Supreme Court on Monday will hear the plea of Midas Touch Investor Associations seeking compensation of nearly Rs 5,000 crore for three lakh retail shareholders in fraud-hit Satyam Computer Services ... Satyam Computer has since been taken over by Tech Mahindra, which paid Rs 1,756 crore for acquiring 31% through an open auction conducted by government-appointed board of the company ... The Supreme Court on Monday will hear the plea of Midas Touch Investor Associations seeking... (India Times)
L&T wants to sell Satyam stake Aug 6, 2009
L12% stake in Mahindra Satyam, earlier known as Satyam Computer Services Ltd, before sale of the company, which was rattled by India's biggest corporate fraud ... L&T has 12% stake in Mahindra Satyam, earlier known as Satyam Computer Services Ltd, before sale of the company, which was rattled by India's biggest corporate fraud. (India Times, India -- Intl Business)
Satyam winning new deals Aug 4, 2009
Mahindra Satyam was earlier known as Satyam Computer Services. Satyam was acquired by India's Tech Mahindra in an auction in April after the firm was hit by India's biggest corporate fraud that was revealed in January. (India Times, India)
CP Gurnani, CEO, Mahindra Satyam Jul 27, 2009
Three months after acquiring Satyam Computer Services, CP Gurnani, the companys chief executive has dug deep into the companys affairs ... CP Gurnani, CEO, Satyam Computer Services talks about clients gaining confidence, growth and governance. (India Times)
Satyam loses Railways contract Jul 27, 2009
Indian Railways has cancelled a locomotive management system contract awarded to Satyam Computer Services in Jan this year, after the company failed to meet the deadline for submitting required financial details and start working on the pilot project. Bookmark / Share. (India Times)
India-Kashmir raillink lurches forward Jul 24, 2009
Sreedharan, already respected through his running of Delhi Metro Rail Corp, has increasingly become a person others listen to after being among the first to air suspicions of work linked to Satyam Computer Services when he was consultant to the Andhra Pradesh state government for a metro project involving Maytas, a Satyam unit. Weeks later, in January this year, it was disclosed that Satyam had fudged its accounts to the tune of US$1 billion. (Asia Times Online)
Satyam loses Railways tech contract worth Rs 100 cr Jul 22, 2009
BANGALORE/MUMBAI: Indian Railways has cancelled a locomotive management system (LMS) contract awarded to Satyam Computer Services (now Mahindra Satyam) in January this year, after the company failed to meet the deadline for submitting required financial details and start working 00004000 on the pilot project. After non-delivery of the pilot, we served a notice around one and half months ago, a senior railways official told ET on Tuesday. (India Times)
IT industry bucks global recession Jul 20, 2009
Scam-tainted Satyam Computer Services has been left out of the top 20, as its financial performance came under cloud following the Rs. 78-billion (Rs. (India Times)
Satyam may face new liabilities Jul 19, 2009
HYDERABAD: Tech Mahindra, the new owners of Satyam Computer Services, may have to reckon with new liabilities with proof now that money found its way into the scam-tainted firm from Maytas Infra ... The infrastructure firm, run by Teja Raju, the eldest son of the disgraced founder of Satyam Computers B Ramalinga Raju, also expects to recover another Rs 450 crore from sundry debtors. (India Times)
Company Law Board Withdraws Four Government-Appointed Directors from Mahindra Satyam Board Jul 18, 2009
HYDERABAD, India, July 17 /PRNewswire-FirstCall/ -- Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd. (NYSE: ), a global consulting and IT services provider, announced today that the Company Law Board has given permission to the central government to withdraw FOUR of the SIX directors appointed by it to the Board of Directors of Satyam Computer Services Limited ... SOURCE Satyam Computer Services Ltd.. (PR Newswire)
Nasscom to assist in Upaid case Jul 18, 2009
NEW DELHI: The Delhi high court on Friday allowed a formal request (rogatory) sent by the Federal Court of Texas seeking judicial assistance from Nasscom, in a case filed by UK-based mobile solutions company Upaid against Satyam Computer Services (now Mahindra Satyam) for a fraud and forgery case in excess of $1 billion ... The Delhi high court on Friday allowed a formal request (rogatory) sent by the Federal Court of Texas seeking judicial assistance from Nasscom, in a case filed by UK-based... (India Times)
Mahindra gets 43 pc stake in Satyam Jul 11, 2009
MUMBAI: Mahindra Satyam, formerly Satyam Computer Services, Friday said it has allotted 198 ... Mahindra Satyam, formerly Satyam Computer Services, said it has allotted 198. (India Times)
Satyam renews GlaxoSmithKline deal Jul 10, 2009
The fraud-hit Satyam Computer Services was working with GSK since 2002 to provide IT application development and support services. "The contract renewal is good sign that we are on our way to regain our position as a market leader. GSK's selection recognises the competitive spirit and resolve of our employees," Mahinda Satyam chief executive C P Gurnani said. (India Times, India)
Satyam a/cs may be restated by March Jul 10, 2009
MUMBAI: Satyam Computer Services, now Mahindra Satyam, is set to seek a three-month extension of the deadline for restatement of accounts of the scandal-hit software firm, to March 31, 2010. Satyam is also considering the appointment of Deloitte as its statutory auditor for this fiscal year, according to people privy to this information. (India Times)
Brokers to benefit as NSE widens scope of collateral payment Jul 10, 2009
On the other hand, Satyam Computer Services is not in the NSE-approved list. However , the stock is actively-traded , and hence the broker can easily liquidate shares of Satyam if the client defaults on his commitments. (India Times)
Raju's judicial custody extended Jul 9, 2009
HYDERABAD: A local court on Wednesday extended the judicial custody of former Satyam Computer Chairman B Ramalinga Raju and other accused in the multi-crore Satyam scam till July 22. Ramalinga Raju, his brother and Satyam's former Managing Director Rama Raju, ex-CFO V Srinivas, former partners of Price Waterhouse S Gopalakrishnan and T Srinivas along with Satyam Computer Services former employees G Ramakrishna, D Venkatapathi Raju and Ch Srisailam - who are lodged at Chanchalguda Jail here were... (India Times)
Satyam soars 6% on CLB nod Jul 9, 2009
Shares of Satyam Computer surged nearly 6 per cent in the morning trade on the Bombay Stock Exchange a day after it received CLB approval to allot shares on preferential basis to its new owner Tech Mahindra. Bookmark / Share. (India Times)
CLB authorises Mahindra Satyam to allot shares Jul 7, 2009
Mahindra Satyam (earlier Satyam Computer) had moved the CLB after Venturebay failed to subscribe to 20 per cent of Satyam's shares from the open market. The CLB also authorised Mahindra Satyam to appoint auditors to conduct audit of the company. (India Times, India -- Intl Business)
Satyam shareholders rebuff Tech Mahindra's open offer Jul 7, 2009
While the open offer for acquiring up to a 20 per cent stake was made at a price of Rs 58 per share, the share for Satyam Computer is at present hovering around Rs 75, over 29 per cent higher than open offer price. Earlier, Tech Mahindra's chief financial officer Sonjoy Anand had said: "Tech Mahindra has not received a significant response to its tender offer to purchase 20 per cent of Satyam Computer Services from the shareholders." ... Board of Mahindra Satyam, (previously Satyam Computer... (India Times, India -- Intl Business)
Tech Mahindra to boost Satyam stake Jul 7, 2009
Tech Mahindra took a 31 percent stake in Satyam Computer Services in April for around $360 mn, after the company was hit by financial reporting scandal, and launched a public offer to buy up to 20 percent in the open market at 58 rupees a share to take a majority stake ... Shares in Mahindra Satyam, earlier known as Satyam Computer Services, ended nearly 5 percent lower on Monday at 73. (India Times)
ICAI to complete Satyam probe Jul 6, 2009
HYDERABAD: The apex chartered accountants body Institute of Chartered Accountants of India (ICAI) has said that the investigations on Rs 7,000-crore Satyam Computer fraud will be sealed in six months after the role of the two internal auditors in perpetrating the scam is proved. The ICAI president Uttam Prakash Agarwal said that the final verdict by the institutes disciplinary committee will be ready in six months. (India Times)
Satyam regaining clients: CEO Jul 6, 2009
BANGALORE: Satyam Computer Services Ltd, the company at the center of Indias biggest corporate fraud probe, is regaining customers after its takeover by Tech Mahindra Ltd, Chief Executive Officer Chander Prakash Gurnani said ... Satyam Computer Services Ltd, the company at the center of Indias biggest corporate fraud probe, is regaining customers after its takeover by Tech Mahindra Ltd, Chief Executive Officer Chander Prakash Gurnani said. (India Times, India)
New companies bill set for budget session: Khursheed Jul 5, 2009
The government hopes that provisions in the new bill will afford greater protection to shareholders, make disclosure norms stricter in the wake of the Satyam Computer Services scam, allow formation of one-person company and help India Inc compete more effectively globally. At the moment, two people are required to form a private limited company and seven for constituting a public limited company. (India Times, India -- Intl Business)
TechM tightens control over Satyam Jul 3, 2009
NEW DELHI: Tech Mahindra plans to raise its stake in Satyam Computer Services Ltd to about 44 percent as it tightens control and reorganizes the Indian software-services provider following a $1 billion fraud ... Tech Mahindra plans to raise its stake in Satyam Computer Services Ltd to about 44 percent as it tightens control and reorganizes the Indian software-services provider following a $1 billion fraud. (India Times, India)
Tech Mahindra up 1 pc on BSE Jul 2, 2009
MUMBAI: Tech Mahindra on Thursday moved up over 1 per cent in the early trade on the Bombay Stock Exchange a day after the its open offer for up to 20 per cent in erstwhile Satyam Computer Services ended without any significant response from the shareholders ... "Tech Mahindra has not received a significant response to its tender offer to purchase 20 per cent of Satyam Computer Services from the shareholders," Tech Mahindra's Chief Financial Officer Sonjoy Anand had said yesterday ... Tech... (India Times)
TechM to deliver Satyam project Jul 1, 2009
There were grave concerns that the project would be axed after Satyam Computer Services founder and chairman, B Ramalinga Raju, admitted to a one-billion dollar accounting fraud in January. Tech Mahindra executive vice-chairman Vineet Nayyar said construction of the 10ha development on Deakin University grounds would begin as soon as discussions with the Victorian government were complete and the company is determined to complete the project. (India Times, India)
Asian employment at risk Jun 29, 2009
Satyam Computer Services, once India's fourth-largest outsourcing firm, was left struggling for survival after its founder revealed a massive accounting fraud this year. Its new owner Tech Mahindra created a pool of 9,000 staff, about 20 percent of its work force, who had not worked for three months and put them on reduced pay. (India Times)
Indian ADRs add $4 bn to their kitty Jun 28, 2009
On the other hand, IT major Satyam Computer System and internet major Sify Technologies were the only two losers. Satyam ended as the biggest loser. (India Times)
Deloitte not to restate Mahindra Satyam's books Jun 25, 2009
MUMBAI: Audit firm Deloitte, which along with KPMG, had been mandated to restate the accounts of Mahindra Satyam, the erstwhile Satyam Computer, is reliably learnt to have opted out of its restating role due to a possible conflict of interest. Deloitte is the statutory auditor for Tech Mahindra a part of the Mahindra Group that had acquired Satyam Computer and hence cant undertake the twin roles, said people close to the development ... Deloitte, which along with KPMG, had been... (India Times)
Tech Mahindra plans to raise Rs 500-1000 cr via QIP issue Jun 25, 2009
Earlier in April, Tech Mahindra won the race to acquire 31 per cent stake in Satyam Computer for Rs 1,756 crore. The acquisition is expected to bring Tech Mahindra in the league of top five IT firms. (India Times)
Satyam to cut jobs if orders languish Jun 25, 2009
BANGALORE: Satyam Computer Services Ltds 8,500 employees placed on a so-called virtual pool may have their positions eliminated in six months if the company fails to find them work, Executive Vice Chairman Vineet Nayyar said ... Satyam Computer Services Ltds 8,500 employees placed on a so-called virtual pool may have their positions eliminated in six months if the company fails to find them work, Executive Vice Chairman Vineet Nayyar said. (India Times, India)
EXCLUSIVE: The U.N. Gets Tough — Very, Very Slowly Jun 23, 2009
In January, 2009, for example, FOX News reports that the World Bank had failed to tell the rest of the world organization that it had banned Satyam Computer Services an Indian computer services giant that imploded in fraud last February and thus allowed the U.N. to enter into a $6 million deal with Satyam in July 2008. Satyam also had another, $55. (Fox News)
Tech Mahindra plans to raise funds via share sale Jun 23, 2009
MUMBAI: IT firm Tech Mahindra, the new owner of Satyam Computer, plans to raise funds by selling 1 ... Earlier in April, Tech Mahindra won the race to acquire majority stake in Satyam Computer ... IT firm Tech Mahindra, the new owner of Satyam Computer, plans to raise funds by selling 1. (India Times, India -- Intl Business)
Tech Mahindra plans share sale Jun 23, 2009
Tech Mahindra, which is 31 per cent-owned by Britain's BT Group, emerged a winner in an auction in April for a controlling stake in fraud-tainted outsourcer Satyam Computer Services. Read business stories in. (India Times)
Indian Billionaire Modi Plans $1 Billion IPO, Scraps Dubai Share Sale Plan Jun 22, 2009
He offered 20 billion rupees in January for a controlling stake in Satyam Computer Services Ltd., the software company at the center of Indias biggest corporate fraud. Tech Mahindra Ltd. won the bid in April to gain control of Satyam. (Bloomberg -- Asia)
Satyam Unveils New Brand Identity: 'Mahindra Satyam' Jun 22, 2009
HYDERABAD, India, June 21 /PRNewswire-FirstCall/ -- Satyam Computer Services Limited (NYSE: ), a global consulting and information technology services provider, today unveiled its new brand identity, "Mahindra Satyam." 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 ... SOURCE Satyam Computer Services Limited. (PR Newswire)
Indian ADRs shed $5 bn in market valuation in one week Jun 21, 2009
The remaining ADRs, tainted Satyam Computer Services, internet firms Sify Technologies and Rediff. com and BPO entity EXLService Holdings, saw their respective valuations decline between USD 6 million to USD 16 million. (India Times)
Raheja can withdraw SEZs: Govt Jun 20, 2009
The BoA also ratified extension of time to 23 developers, including Satyam Computer Services, for implementing tax-free enclaves in the wake of economic slowdown. The Raheja Group sought denotification of their IT-ITes SEZs citing economic downturn. (India Times, India -- Intl Business)
Tech Mahindra gets US anti-trust nod for Satyam open offer Jun 18, 2009
MUMBAI: IT firm Tech Mahindra said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam Computer ... IT firm Tech Mahindra said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam Computer. (India Times, India -- Intl Business)
