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Satyam no more a worthy rival of Infosys!
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Satyam no more a worthy rival of Infosys!
NEW YORK: Scam-hit Satyam Computer may have embarked upon a revival path under the new owner Tech Mahindra, but it seems to have lost its place among the noteworthy competitors of its rival Indian IT service provider Infosys.
Before it was hit by the country`s largest ever corporate fraud, admitted to by its founder and the then chairman B Ramalinga Raju in January, Satyam had been a regular on the list of competitors mentioned by Infosys in its annual report filings with the US market regulator Securities and Exchange Commission.
However, Satyam`s name is conspicuously absent on Infosys` latest annual report filing for the financial year ended March 31, 2009.
Both Infosys and Satyam are listed in the US -- Infosys on the Nasdaq and Satyam on the New York Stock Exchange (NYSE).
Source:
http://economictimes.indiatimes.com/Features/Satyam-gets-new-owner/Satyam-no-mor
Before it was hit by the country`s largest ever corporate fraud, admitted to by its founder and the then chairman B Ramalinga Raju in January, Satyam had been a regular on the list of competitors mentioned by Infosys in its annual report filings with the US market regulator Securities and Exchange Commission.
However, Satyam`s name is conspicuously absent on Infosys` latest annual report filing for the financial year ended March 31, 2009.
Both Infosys and Satyam are listed in the US -- Infosys on the Nasdaq and Satyam on the New York Stock Exchange (NYSE).
Source:
http://economictimes.indiatimes.com/Features/Satyam-gets-new-owner/Satyam-no-mor
