Satyam chief Raju quits, shares fall
Jan. 7 - The head of outsourcing giant Satyam Computer Services has resigned after admitting profits had been falsely inflated for years.
Shares in Satyam tumbled nearly 80 percent after the revelations. It is India's biggest corporate scandal in memory and it threatens future foreign investment flows into Asia's third-largest economy and casts a cloud over growth in its once-booming outsourcing sector.
The news sent Indian equity markets into a tailspin, with Bombay's main stock index tumbling 7.3 percent.
Sonia Legg reports.
No videos currently selected.
Click 
on any video below, from any channel, to add it to your playlist.
Bhopal gas tragedy victims protest
Featured Videos
Reuters.co.in:
Help and Contact Us |
Advertise With Us |
Newsletters |
Mobile |
RSS
|
Archive |
Site Index |
Video Index
Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products Support | About Thomson Reuters | Careers
International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
