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Thursday, January 15, 2009

Satyam's end?? Or Indian IT's Future??

A few days ago Satyam was India's fourth largest IT company; the disclosure of the discrepancy of cash has just wiped the Satyam's market like a nuclear bomb. the relevation of Satyam. Total of Rs. 7800 crore or more fraud has given the American bussiness hard time trusting Indian companies the way they did prior to this scandal. Due to this scandal investors have lost billions of dollars and reputation of Indian enterprise has been seriously blackened.

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