satyam computer services

ZDNet Resources

• sort by:
• Relevance
• Date
• Popularity

Missing $1 Billion In Cash? Get In Line. The Phone Line.

So we're shocked. Satyam Computer Services is missing $1 billion of cash and bank loans. Chairman Ramalinga Raju says he falsified accounts. Raju just wanted to maintain operating margins. Which does not quite explain why cash is missing. You don't need to make up cash or...

Tags: Bank, Phone, Satyam, Phone Line, Satyam Computer Services, Parmalat, Financial Services, Tom Steinert-Threlkeld

Blog posts 2009-01-07

Additional Resources

Sorouh Real Estate PJSC Streamlines Business Processes With Enterprise Resource Planning Solution

Sorouh Real Estate PJSC wanted to streamline business processes with centralized access to financial, project, procurement, Customer Relationship Management CRM, and Human Resources HR data and increase and integrate reporting capabilities to accelerate report generation and improve data accuracy. The challenge was to improve budgetary controls over spending across the...

Tags: Business Process, Oracle Corp., ERP, Sorouh Real Estate PJSC, Operational Planning, Real Estate, Enterprise Software, Business Operations, Software

Case studies 2009-09-01

PwC: rotten to the core or just plain stupid?

I hope that my good friend Vinnie Mirchandani doesn't take offense to the title of this post. PwC is his alma mater in a past life. However, events at Satyam in India, which have not received the attention they deserve in the US, have taken a decidedly weird or comic...

Tags: PricewaterhouseCoopers Consulting, Satyam, Francine McKenna, Financial Accounting, Outsourcing, Finance, It Operations, Business Operations, Outsourcing & Subcontracting, Dennis Howlett

Blog posts 2009-06-30

Report: Fraud and deception at Satyam was deep

The fraud and deception at Satyam Computer Services in India was so in-depth that it included dual accounting books, thousands of forged invoices, thousands of unnecessary employees and dozens of fake bank statements, according to court records analyzed by the New York Times. ...

Tags: Satyam, Deception, Fraud, Outsourcing, Financial Services, Litigation, Balance Sheets, Financial Accounting, It Operations, Business Operations, Outsourcing & Subcontracting, Financial Statements, Finance, Sam Diaz

Blog posts 2009-04-22

News to know: Intel, Skype IPO, Microsoft netbooks, EMC

Here are today’s notable headlines. You can get News To Know via email alert and RSS daily.  For continuous updates see BNET’s around-the-Web tech coverage. Sam Diaz: Intel: The bottom is in for PC demand Larry Dignan: eBay: We're spinning Skype off in an...

Tags: Larry Dignan, Skype Technologies S.A., Microsoft Corp., EMC Corp., Sam Diaz, Netbook, Intel Corp., Netbooks, Nettops & MIDs, IPO, Web 2.0, Hardware, Financial Services, Internet

Blog posts 2009-04-15

Satyam sold: Tech Mahindra highest bidder

Satyam Computer Services, which had been rattled by accounting fraud, has been sold to a unit controlled by Tech Mahindra, an Indian outsourcing firm.  Satyam had put itself up for auction a few weeks ago. The company installed new management following at $1 billion accounting fraud. Venturebay...

Tags: Satyam, Operational Accounting, Financial Services, Finance, Larry Dignan

Blog posts 2009-04-13

Confusion and controversy continue at Satyam

Satyam, the Indian outsourcing company at the center of a massive fraud investigation continues to be mired in confusion and controversy. Earlier in the week, the company's former CFO appeared to give two PricewaterhouseCoopers audit partners a pass, saying: ...that auditors S Gopalakrishnan and Talluri Srinivas...

Tags: PricewaterhouseCoopers Consulting, Satyam, Litigation, Financial Accounting, Outsourcing, Business Operations, Finance, It Operations, Outsourcing & Subcontracting, Dennis Howlett

Blog posts 2009-04-08

Wanted: Bidders for 51 percent stake in Satyam

Interested in a 51 percent stake in Satyam Computer Services? Here's your big chance. The company said on Monday that it will begin screening interested bids for a 51 percent stake in the company until March 12 statement. The offshore outsourcing firm has been...

Tags: Satyam, Outsourcing, Litigation, Financial Accounting, It Operations, Business Operations, Outsourcing & Subcontracting, Finance, Larry Dignan

Blog posts 2009-03-09

Satyam: resignations, appointments and YouTube videos

When we last reported on the $1 billion fraud scandal at Satyam Computer Services in India, brothers Ramaling and Rama Raju, former chairman and former managing director and CEO, respectively, had been arrested and the full board of directors had been let go. Today, that new...

Tags: Board, Satyam, YouTube Video, YouTube Inc., Video, Corporate Governance, Business Operations, Corporate Law, Sam Diaz

Blog posts 2009-01-27

Satyam â€" Can anything be trusted in Raju’s resignation letter?

Why he couldn’t have acted alone According to the Financial Times, former Satyam chairman Raju may have been quite busy in the deception he orchestrated. In this article, we learn that: The former chairman of Satyam Computer Services inflated the size...

Tags: Employee, Satyam, Prosecutor, Litigation, Government, Financial Services, Operational Accounting, Payroll Solutions, Workforce Management, Business Operations, Finance, Human Resources, Brian Sommer

Blog posts 2009-01-25

Satyam scandal: Arrests and new board members

Brothers Ramaling and Rama Raju, former chairman and former managing director and CEO, respectively, of Satyam Computer Services have been arrested and the company's full board of directors has been let go as authorities in India begin their investigations of an alleged $1 billion fraud, according to Bloomberg. Corporate...

Tags: Sam Diaz

Blog posts 2009-01-09

The questions Satyam must address

Could PWC, SEC and others help me out here? When I read the resignation letter of Satyam’s CEO, it triggered a number of questions for me. Raju insists no one else was involved. 1. Can that be right? ...

Tags: Satyam, Fraud, CFO, Resignation Letter, Raju, Litigation, Operational Accounting, Financial Statements, Business Operations, Finance, Financial Accounting, Brian Sommer

Blog posts 2009-01-08

Satyam fallout: Should customers stick? Full text of chairman's stunning letter

Indian outsourcing company Satyam has cooked books, a $1 billion cash sink hole and its chairman and founder B Ramalinga Raju has fabricated figures. Meanwhile, Merrill Lynch has bailed on being an adviser to the company and shares of the firm were down 90 percent or so in premarket trading...

Tags: Board, Satyam, Maytas, Task Force, Corporate Governance, Business Operations, Corporate Law, Larry Dignan

Blog posts 2009-01-07

News to know: Facebookgate, XP, iPhone credit, greentech in 2009

Here are today’s notable headlines. You can get News To Know via email alert and RSS daily: Larry Dignan: 'Facebookgate': Fake Class of 2013 groups today; Annoying marketing tomorrow? Mary-Jo Foley: Microsoft to allow custom PC makers to stock XP through mid-2009 ...

Tags: Apple iPhone, Larry Dignan, Microsoft Windows XP, Apple Inc., Microsoft Corp., Roland Piquepaille, Linux, Service-Oriented Architecture (SOA), Microsoft Windows, Podcasts, Internet, Operating Systems, Open Source, Software, Web Services, Enterprise Software, Sam Diaz

Blog posts 2008-12-22

Technology Services Provider Improves Efficiency and Productivity

Satyam Computer Services Ltd. Satyam wanted a solution that would keep conflicts and system disruptions in check, minimize user downtime and inconvenience, and avoid exposure to security threats. The company decided to migrate to the Windows Vista operating system by using deployment tools such as Windows Deployment Services and Microsoft...

Tags: Satyam, Microsoft Corp., Technology Services Provider, Microsoft Windows, Help Desk, Call Centers, Operating Systems, Security, Software, It Operations

Case studies 2008-05-28

Software AG and Cognos bring BI and BPM into common orbit

The much-discussed marriage of business intelligence BI and business process management BPM may be a step closer to the altar with last week's announcement by Software AG that it will embed Cognos 8 BI with the webMethods product suite. ...

Tags: Cognos Inc., BPM, Software AG, Layer 7 Technologies Inc., Natural 2006, Pricing, Business Intelligence, Tools & Techniques, Operational Planning, Business Process Automation, Enterprise Software, Databases, Marketing, Software, Data Management, Management, Business Operations, It Operations, Dana Gardner

Blog posts 2007-11-11

Software 2007: Innovation on the upswing

While JavaOne is going on in San Francisco, Software 2007 just got underway at the Santa Clara Convention Center. M.R. Rangaswami, conference host, began the proceedings by documenting the state of innovation in the software industry. Rather than focusing on the next version of a product from Oracle, SAP or...

Tags: Web Technology, Software Infrastructure, SaaS, Outsourcing, Open Source, Office 2.0, Mobile, IT Management, General

Blog posts 2007-05-08

Microsoft adds still another compatibility tool to Vista arsenal

Does Microsoft know something about app compatibility and Windows Vista that the rest of us don’t? Is there some compatibility bombshell the team is waiting to drop on or before the business launch of Vista and Office 2007 in New York City on November 30? I ask because of announcements...

Tags: Microsoft Windows Vista

Blog posts 2006-11-01

Outsourcing not always a money saver

Outsourcing not always a money saverOutsourced..My company outsourced our Java apps to India.The biggest issue I had with outsourcing is that the code returned to us was so crappy (bad logic, lack of commenting) that we had to spend countless hours cleaning up every line written.Talk about waste of resources..As...

Tags: offshoring, outsourcing

Discussion threads 2003-11-17

Emergency Response System Formed to Ensure the Safety of Indian Citizens

The Chairman of Satyam Computer Services Ltd. strongly felt the need for a state-of-the-art emergency response system that could help citizens in a timely fashion and save millions of lives. The Emergency Management and Research Institute EMRI was formed by the Raju brothers as a not-for-profit entity with a view...

Tags: Emergency Response, Security

Case studies