Satyam not so truthful

So one of India’s biggest tech giants just did an Enron. Their head just resigned and stocks plunge 82%. Market watchers are harping about potential implications for Indian business due to loss in confidence. Satyam was the only Indian tech firm to be listed in the Nasdaq as well. The credit crunch hitting India may have been a somewhat muted (or at least a bit turned down) threat, but this kind of stuff wouldnt help their situ at all.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: