Stories by John Ribeiro

India files charges against key former Satyam officials

The criminal investigation into the financial scandal at Indian outsourcer Satyam Computer Services advanced on Tuesday with the country's Central Bureau of Investigation (CBI) filing charges against nine people, including six former employees of the company.

Written by John Ribeiro08 April 09 07:11

Investor uncertainty concerns Satyam customers

The decision by Indian outsourcer Satyam Computer Services to sell off a majority stake in the company to an investor has brought up new uncertainties for customers, according to analysts.

Written by John Ribeiro07 April 09 07:19

Nokia Siemens opens network management center in India

Nokia Siemens Networks has set up a network management center in India, its second in the country, to meet the growing trend for operators to outsource network management and maintenance.

Written by John Ribeiro31 March 09 07:21

Renewable energy will boost software demand, says Greenpeace

As countries restructure their electricity sector to include more renewable resources, there will be a higher demand for management software, throwing up opportunities for software and services companies worldwide, according to a Greenpeace spokesman.

Written by John Ribeiro30 March 09 07:51

IBM confirms North America layoffs

Amid reports that it is moving thousands of jobs from the US to India, IBM said Thursday it is notifying employees that some jobs are being eliminated.

Written by John Ribeiro27 March 09 06:52

India's Nasscom focuses on corporate governance

Following the financial scandal at outsourcer Satyam Computer Services, India's National Association of Software and Service Companies (Nasscom) will focus on good corporate governance and ethics among its member companies.

Written by John Ribeiro12 Feb. 09 08:12

Satyam appoints management advisor, investment banks

The board of Satyam Computer Services has appointed The Boston Consulting Group as management advisor, and Goldman Sachs and Avendus, an Indian investment bank, as investment bankers to advise the company on various strategic options, including bringing in a large investor in the company.

Written by John Ribeiro28 Jan. 09 08:47

Satyam turns to YouTube to get its message across

Indian outsourcer Satyam Computer Services is turning to YouTube to get its own message across to viewers worldwide in the wake of the financial crisis in the company.

Written by John Ribeiro28 Jan. 09 08:00

Satyam board meeting ends inconclusively

The board of scandal-ridden Satyam Computer Services met again on Friday without arriving at a solution to the company's liquidity crisis, or selecting a new management team for the company.

Written by John Ribeiro27 Jan. 09 10:49

GE stands by Satyam, but time running out

Although analysts expect that Satyam Computer Services will lose customers in the fallout of its accounting scandal, major customer General Electric said Tuesday it had not moved work from Satyam.

Written by John Ribeiro21 Jan. 09 07:32

Satyam board meets again, still no plan

The newly reconstituted board of financially troubled Indian outsourcer Satyam Computer Services met for the second time on Saturday, and the company's future remains unclear.

Written by John Ribeiro19 Jan. 09 08:08

Tata's profit dips, revenue flat in difficult market

India's largest outsourcer, Tata Consultancy Services (TCS), reported for the quarter ended Dec. 31 flat growth in dollar revenue and an 18 percent drop in profits compared to the same quarter a year earlier.

Written by John Ribeiro16 Jan. 09 04:43

Satyam appointing new accounting firm to restate accounts

The government-appointed board at financially troubled Indian outsource Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts.

Written by John Ribeiro13 Jan. 09 08:10