India's fourth-largest information technology (IT) company, Satyam Computers, is on the verge of collapse following its chairman's admission that for "several years" he fraudulently misstated the ...

The major stock index in India -- the BSE SENSEX -- fell 7.3 percent Wednesday. Satyam employs 53,000 people, operates in 65 ...

MUMBAI (Reuters) - The founder of Satyam Computer Services, once India's fourth-largest software services firm, was sentenced to seven years in prison after being found guilty in an accounting fraud ...

Investors sit outside the house of Ramalinga Raju, founder and former chairman of Satyam Computer Services, during a protest in the southern Indian city of Hyderabad, July 10, 2009. The placards read: ...

Warren Buffett once said, "It's only when the tide goes out that you realize who has been swimming naked." Well, it's ebb tide for the global economy, and high-flying companies are being caught in the ...

A court in India has condemned Ramalinga Raju, the founder of Satyam Computers, to seven years in jail, in one of the country’s biggest ever corporate scandals involving an IT outsourcing firm. The ...

Satyam Computer Services, the Indian I.T. and outsourcing giant that was nearly sunk by its founder’s billion-dollar accounting fraud, has been sold to a smaller rival in an unusual auction in which ...

The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years. Satyam's shares plunged almost 80 percent. India's ...

Tech Mahindra Ltd., the highest bidder for a majority stake in Satyam Computer Services Ltd., said Monday that it plans to leave the current management team at the scandal-wracked outsourcing vendor ...

Satyam Computer Services, which had been rattled by accounting fraud, has been sold to a unit controlled by Tech Mahindra, an Indian outsourcing firm. On behalf of all Satyamites and their families, ...

Satyam Computer Services, the Indian outsourcing company hit by an accounting fraud in 2009, has been merged with parent Tech Mahindra. The combined entity has total IT services revenue of $2.7 ...