1 vote
The Indian business establishment has done a good damage limitation job with Satyam Computer Services when the company looked unsalvageable three months ago
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1 vote
The Indian arm of PwC is seeking to reassure clients and regulators with measures to improve its practices, after the damage done to its reputation by its connections to Satyam Computer Services, the outsourcing company at the heart of India's biggest corporate scandal
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1 vote
Some of India's largest groups, including the Tata family controlled companies, the Ambani family controlled Reliance and Vijay Mallya's UB Group, have pledged large stakes in their listed companies as collateral to lenders, new disclosure requirements reveal
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1 vote
GlaxoSmithKline and Sanofi-Aventis emerge as bidders for the Indian drug company although the auction is at an early stage and is not likely to be resolved soon
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1 vote
Several companies have increased their stake in the Indian IT outsourcer that is the focus of a $1bn fraud inquiry
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1 vote
Tata reveals first quarterly loss in seven years and Maruti sees profits fall 54% as tight credit forces consumers and companies to put off purchases
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1 vote
A probe into the $1bn fraud at Indian outsourcing group has shown serious irregularities in the preparation of its balance sheet, says minister of corporate affairs
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1 vote
The $1bn-plus fraud that erupted at India's Satyam Computer Services this week has shocked many foreign investors, but for some seasoned Indian investors, the company was long suspected of being less than a paragon of corporate governance
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1 vote
The chairman of Satyam confessed to fixing the company's books for the past "several" years. Here is a recent account of the events that led to Ramalinga Raju's resignation
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1 vote
Owner of India's United Spirits says there has been other 'serious approaches' from foreign spirits groups, but he had entered exclusive talks with Diageo because he liked its Scotch portfolio
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1 vote
Lord Bilimoria, the entrepreneur behind Cobra Beer, is again looking to sell the Indian-themed lager company he founded 18 years ago
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1 vote
Sharply declining passenger numbers, rising costs and a severe capital crunch is hitting all local carriers hard
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1 vote
Tech Mahindra, the subcontinent's sixth largest software exporter, will open a facility at Jarrow, South Tyneside – its sixth call centre in Britain – which could create up to 500 jobs in three years
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1 vote
The Reserve Bank of India stepped in to prevent a run on ICICI Bank, reassuring investors and depositors that India's second largest lender was in sound financial health
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1 vote
Two carmakers are preparing to export low-cost vehicles from India to western Europe, even as rival Tata Motors struggles to get its no-frills Nano on the road in its home market
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