Satyam Computer Services would focus on core activities to try to restore the confidence of investors. It has asked to forget the previous developments and pledges to bring transparency in the system. The board of the company would meet on January 10, 2009 to discus all possible steps to boost the stakeholder's confidence.
Recently, the set up of the Sun-IIT Delhi Centre of Excellence in e-governance at the IIT Delhi campus was jointly announced by the Indian wing of Sun Microsystems and the Indian Institute of Technology (IIT).
Recently, RIM informed in a lawsuit that Motorola is making an adverse effort from keeping the BlackBerry maker from hiring the fired or soon-to-be fired Motorola employees.
Motorola has informed that there would be more than 3,000 job cuts. However, it has been learnt that due to the nondisclosure agreements, those employees may have a tough time getting a new job.
Rolta Ltd has decided to acquire a template-based solution company, Piocon Technologies of Chicago. Piocon Technologies provide various operational solutions to the oil and gas refineries.
Piocon Technologies design the tools to deliver the operational excellence, reliable matrices and efficient solutions for data base management. The solutions are capable of handling equipment and operations from various sources of large refineries. It would help to achieve downtime reduction, inventory rationalization, optimization of crude selection and improved refinery planning.
In a significant move, Research In Motion (RIM), last week, has filed a lawsuit claiming Motorola improperly blocked the Blackberry maker from hiring employees Motorola has already fired or plans to terminate.
Earlier in February this year, both RIM and Motorola decided not to plead for each other's employees.
India’s fourth largest software export company, Satyam Computer Services suffered yet another blow with resignation of three more independent directors on its Board in the midst of rumor that the company’s founder chairman Ramalinga Raju may quit over Maytas deal disaster.
The company’s independent directors, M Rammohan Rao, who is Dean of Indian School of Business, Vinod Dham, a US-based technocrat widely regarded as “Father of Pentium” and Krishna G Palepu, professor of business administration at Harvard Business School, resigned from the nine-member Board.