Ramalinga Raju News
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Satyam Computer Services Ltd., the subject of India’s biggest corporate fraud, is luring investors including Nordea Bank AB and BNP Paribas SA with the highest return on equity among Asia’s 20 largest software developers.
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Larsen & Toubro Ltd., India’s biggest builder of power networks and airports, has been barred from World Bank-financed contracts for six months under the lender’s fraud and corruption policy.
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India’s top court cancelled the bail of Satyam Computer Services Ltd.’s former Chairman Ramalinga Raju and five other executives, according to an order passed by a two-judge panel.
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Satyam Computer Services Ltd. , the software exporter embroiled in India’s biggest corporate fraud probe, reported a narrowing of full-year loss in its first annual earnings announcement in two years.
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Satyam Computer Services Ltd. , the software services exporter embroiled in India’s biggest corporate fraud, agreed to pay $125 million to settle a shareholder lawsuit in federal court in New York.
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Duane Morris LLP hired former K&L Gates LLP intellectual-property litigator Karineh Khachatourian to head its new office in Palo Alto, California.
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Former Satyam Computer Services Ltd. directors persuaded a judge to dismiss claims in a U.S. lawsuit over a $1 billion accounting fraud.
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Satyam Computer Services Ltd. rose to an eight-month high in Mumbai after saying it will report annual earnings this month, its first since the software exporter was embroiled in India’s biggest corporate fraud probe.
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Satyam Computer Services Ltd. slumped the most in 10 months in Mumbai trading after the company reported two years of losses, reviving concerns about its ability to recover from India’s largest corporate fraud.
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India’s Tech Mahindra Ltd. will buy Satyam Computer Services Ltd. in a stock deal that values the target at $1.8 billion to form the country’s fifth-largest software services company.
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