Satyam secured projects worth $79 million on its second quarter 09 in the Middle East and North Africa (MENA) regions. The BSE filling by Satyam also states that it is looking at doubling its business in these regions in the next 1.5 – 2.0 years. (more…)
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Mahindra Satyam on the path to layoff another 5000 benchers
While you were reading the news that Mahindra Satyam has secured contracts worth $79 million only for the second quarter in North Africa and Middle East regions, employees at Satyam were reading quite a different news in their mailboxes. (more…)
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Mahindra Satyam places 500 associates on Bench
The already tainted Satyam has now placed another 500 employees in a so called “corporate reserve” which is nothing else but bench. This move has further sparked various rumors like possibility of senior-level employees leaving Satyam. All associates in the sales, operations management, delivery integration, relationships, program management, presales and solutions framework will be now […]
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Satyam a Lie
A “True Lie” infact. Ironically, Satyam means truth. Chairman and promoter Ramalinga Raju confessed that the Hyderabad based Satyam Computers has been lying to its shareholders, employees and the entire world for many years. Regarded as India’s largest ever corporate fraud, it is estimated that the scam is more than 7,000 crore. Considered to be […]
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Satyam Lays off 400 Employees
Satyam Computers, one of the leading software companies in India has joined the list of companies who are in a rapid down-sizing due to inadequate projects. Satyam has reportedly shown the pink slip to 400 engineers and associates in Hyderabad, Visakhapatnam and Pune. Most of the employees who were sent off had 2 to 5 […]
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Internet in India Disrupted
Internet has been disrupted in India, Egypt and Gulf Arab countries. This is due to a ship accidently cutting down on the international undersea cable network on Wednesday near Alexandria, in Egypt’s north coast. It is estimated that it could take several days to restore the network and as much as 60% of the Internet […]
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