Trading in Indian IT services provider Satyam shares resumed today on the New York Stock Exchange after they were halted following disclosures of massive accounting fraud by the top management of the company. Satyam’s shares were down about 82% to $1.64 on the NYSE at 1:52PM EST. Earlier today, Satyam’s shares fell as low as […]
Wipro took over 18 months to disclose its troubles with the World Bank that led ultimately to the bank banning it for providing improper benefits to its staff. Se we asked Wipro a few basic questions like why the company had not disclosed the serious problems with the World Bank earlier, the names of the […]
What Else is Wipro Hiding? After Satyam, another major Indian IT services provider – Wipro – now stands disgraced. The World Bank has banned Bangalore-based Wipro for four years from receiving direct contracts from the Bank Group under its corporate procurement program. On its web site, the World Bank has cited Wipro for providing improper benefits […]