News and Events of India

The new board of Satyam Computer Services is now searching for emergency funds. They are looking for a banker who can manage all the current financial issues and help the company to establish a fund immediately. The board has said that thay will soon appoint a banker for the same reason. Deepak Parekh, one of the new member of the board of directors of Satyam, has said that the company has recently received some money to get the fund and the board will soon organize a meeting in this issue. According to Parekh, they are trying their best to secure a fund. He has said that the company has 17 billion rupees as receivables and they will make a fund with this receivables to ensure that the employees are paid at the right time.

Trackback URI | Comments RSS