Govt may help Satyam raise financing

feBureau
Posted: Tuesday, Jan 13, 2009 at 0249 hrs IST
Updated: Tuesday, Jan 13, 2009 at 0249 hrs IST

Font Size

Feedback

Discuss

Megasoft: no material impact IT caught in slowdown web

Mumbai/Hyderabad/New Delhi: the government, Parekh said, “We will need to see if the receivables are not overstated and that there are no more loans than what is stated. After that, we will decide if and whether we need help from the government on the liquidity front.”

It will take some time before an independent auditor comes up with the actual numbers that will reassure banks, he said. “Satyam has a lot of marquee customers, so the sustainability of service is a priority,” he said. ...

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Comments

» Satyam turnaround effort

Posted by Dr.K.K.Ammannaya on 2009-01-13 05:54:20.43437+05:30
In spite of all help from government achievement of turnaround of Satyam will be a challenging task.It may take a few years at least.Rebuilding the image also involves a challenge.

Reply Forward