"Partners poised for control of Satyam" by Heather Timmons, New York Times | April 14, 2009
NEW DELHI - Tech Mahindra, a joint venture between Britain's BT Group and the Indian conglomerate Mahindra & Mahindra, is poised to become an outsourcing giant....
Satyam was one of India's largest information technology companies, with more than 50,000 employees and a market capitalization of more than $7 billion, before the chairman, B. Ramalinga Raju, said in January that he had faked about $1 billion in cash and inflated the company's operating margins.
Indian investigators have since said that more than a dozen people in the company's finance department were involved in the fraud. Satyam serves as the back office and information technology provider for hundreds of companies, including General Electric....
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