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Thursday April 24th 2014

‘adr’ Archives

Satyam appoints Deloitte and KPMG as Joint Auditor for the company

Satyam computer informed the market today that they have appointed new Auditing company which would take care of auditing from now on and they have the important job of getting the third qtr 2008-2009 results.Satyam informed that Deloitte and KPMG, both part of the Big Four accounting firms as joint statutory auditors for Satyam Computer [...]

Wipro Down by 10 percent as World Bank release Blacklisted Indian Company

We already know that Satyam is one of the blacklisted company by world bank and now two more indian company is there , one is Megasoft consultant which is not a listed company but the third copmpay is none other than Wipro Technology , its because Wipro kind of allowed some of the world bank employees to buy the ADR at the IPO price which it [...]

Government Appoints first 3 member of the Satyam Board

Indian Government which dissolved the whole satyam board not sure if its to safeguard Satyam Computers or the Satyam involved in the Satyam Computer services fraud.It informed that they have appointed the first 3 members of the 10 Member board and its appointed by the Ministry of Corporate Affairs.They will first form the Board of directors [...]

Satyam ADR may start trading in NYSE from Monday

Trading on Satyam ADS had been stopped in NYSE for almost 3 days now from January 7th 2009 to now .NYSE told they are still assessing and they dint come to any conclusions yet.But its expected that Trading on the NYSE may resume on Monday, January 12, 2009, as the NYSE continues its assessment. The NYSE notes that it may, at any time, suspend a [...]

Satyam Computer Services barred from doing business with World Bank

Satyam Computer Services is barred from doing business with World Bank for the next 8 years this is kind of blow to satyam which is like trying to get out of the acquisition mess of Maytas Infra and Maytas Properties.There is some confirmed news in FOX new service that is saying this that st least in the earlier case of acquisition there is not [...]