News about satyam computer services

  • Satyam sets up testing center for MasterCard

    Satyam Computer Services is setting up a business applications testing center in Kuala Lumpur, Malaysia, for payments company MasterCard, reflecting a growing interest among customers to sign up new business with the Indian outsourcer as it recovers from a financial scandal.

  • Satyam returns to loss because of U.S. settlement

    Indian outsourcer Satyam Computer Services went into loss again in the quarter ended March 31, after the company took a charge to settle a class-action lawsuit in the U.S., the company said Monday.

  • Satyam will pay US$10M to settle US fraud charges

    Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the U.S. Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC said.

  • Satyam says it is being taxed for fictional income

    Outsourcer Satyam Computer Services has challenged in a court in India a demand for rupees 6.16 billion (US$134 million) from India’s Income Tax Department, adding a new twist to the problems at the troubled company.

  • India’s Satyam rebounds, but progress is slow

    Indian outsourcer, Satyam Computer Services, which is on the recovery after a corporate scandal, said that revenue and net profits grew in the third quarter ended Dec. 31.

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