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.


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