Skip to main content

Satyam Saga

Image
By

As all are aware of the Satyam Saga. But there is a good news for Satyam employees that some one is really keen to save satyam's as well as its employees interests. As engineering major Larsen & Toubro (L&T) continues to be interested in acquiring Satyam Computer Services. L&T, which is one of the largest shareholders of Satyam, is not interested in being a spectator in the ongoing saga. So its really a good news for both its employees and nono-employees. As we all know Satyam is India's 4 largest IT giant.

Government is also concerned about Satyam saga, and also taken some steps for the same. But I guess they are not so effective as the need of the hour. Mr Naik also expressed his opposition to any IT company taking over the troubled Hyderabad-based company, citing conflict of interest. Many other companies breaking its top management employees. The company, which owns 4% in Satyam, is believed to have approached top government officials saying it has an action plan to save the software-maker.

But, with the board planning to appoint investment bankers, who will examine the option of inducting a strategic partner, it is unclear if the government will directly interfere in the process. Any potential buyer, including L&T, may have to participate in the formal process conducted by the board.

L&T is worried that Satyam’s rivals are working overtime to win over its top notch customers and clients. “Unless something is done now, it may be too late for Satyam,” he added. So I am feeling so happy about that finally some one is seriously concerned about Satyam saga.
Labels:

Comments

Post a Comment

Popular posts from this blog

Accenture Off Campus Drive in PCCOE, PUNE

By
Accenture is partnering with CoCubes.com and Pimpri Chinchwad College of Engineering (PCCOE) for their 2010 off-campus drive in PCCOE, Pune between 24th- 26th Sep. (Given below is the complete job description for your reference) Job Description: Company Profile Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the worlds most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Target Degrees & Branches :B.E, B.Tech and MCA CTC :Rs. 3,00,003 Designation :Associate Software Engineer Role & Responsibilities Key Responsibilities: *Understand Software/System components and associated Specifications. *Create specifications and deploy these components. *Develop, modify and review testing components based on defined specifications and ...
49 comments
Read more

Fast entrecard dropping....!!!!

By
hmmmm......Its an interesting topic. many blogs on entrecard have some article related to this. Some of them really helped to drop 300 cards in very less time. e.g. Powerdropping A nice site and well maintained one,but some of the sites there are taking too much time or repeated many times.So it is another problem. Seeing all this I also decided to create a post on this soon I'll be here with my fast EC drop list.!!!! So be in touch,and also hopes that you will be able to drop 300 cards in short time as of other fast dropping techniques. If anyone want to enroll his/her blog into the list comment. One more thing I m not going to enroll his/her blog into the list.I am just going to use the EC widget of your blog for fast dropping. So what are you waiting for....!!!!
12 comments
Read more

Good Bye laptops

By
Can any one ever imagine of life without laptops or desktops now.!!! hmmm...yes but need anything else that replaces them. So Japan is always ready to help you out with their technlogy.Since its a time of microtechnology, everything is modeled as small as it can be so you not computers. Amazing technology from Japan . . . but can you guess what it is ?Look closely and guess what they could be... This is something that will replace your PC in the near future.Beleive it or not this the the future of forthcoming computers. After looking the picture to the right you might guess wht I'm talking about. In the revolution of miniature computers, scientists have made great developments with bluetooth technology.This is the forthcoming computers you can carry within your pockets, they are very small in size comparable to pen. This "pen sort of instrument" produces both the monitor as well as the keyboard on any flat surfaces from where you can carry out functions you would normally...
12 comments
Read more