Eat Out From £5

PwC in spotlight over 'India's Enron' fraud

Angry Indian investors are demanding to know how PricewaterhouseCoopers missed a systematic £1bn fraud at Satyam

Man who 'rode the tiger' faces ten years

B. Ramalinga Raju is expecting to spend as long as a decade behind bars for falsifying the accounts of Satyam in a £1bn fraud

Investors raise questions over PwC Satyam audit

Investors question why the accountancy firm failed to spot the discrepancy when Merrill Lynch found it in 10 days

Satyam fraudster says he is 'ready for jail'

Former chairman and founder, B. Ramalinga Raju, expects to spend 10 years in jail after admitting to a $1bn fraud

Indian outsourcing boss admits £1bn fraud

B. Ramalinga Raju, chairman of Satyam, has resigned after confessing in a scandal that has been dubbed India’s Enron

Satyam: Riding the tiger

B. Ramalinga Raju may have been described as a 'bit dull' but today's $1bn fraud proves still waters run deep

Satyam: B Ramalinga Raju's resignation letter

Satyam's founder and chairman today resigned from the Indian IT services group after admitting a $1bn fraud

Tempus analysis: India's Enron

India is already renowned for corruption, but the flagship IT industry was supposed to have been different

US joins rush to supply nuclear goods to India

Largest ever US trade mission travels to Delhi and Mumbai as nuclear supply embargo on the country is lifted

Satyam chairman resigns amid $1bn fraud

Founder of the Indian IT company steps down, describing the years of fraudulently inflating assets as 'like riding a tiger'

ONCG bid for Imperial reaches 97% acceptances

Offer by Indian oil company goes unconditional as Imperial Energy shareholders sell for £1.4bn

Hirco investors revolt against restructuring

Shareholders to vote against plan that massively dilutes their interests and effectively cedes control to Hiranandani family

Board dwindles over unpopular plan

Four of the nine board members of Satyam have resigned after an attempt to buy two struggling construction companies

Satyam's board nearly halved by new departures

Three more directors quit embattled Indian IT group in wake of failed attempt to buy two construction companies

Family affair is a bid too far for Indian investors

The purchase of two struggling construction companies for $1.6 billion by a technology group was always likely to be curious

Satyam backs down over construction deals

Investor outrage with IT outsourcer's plan to buy construction groups triggers doubt over India's corporate governance

India suffers fall in factory output

First decline in 13 years of record-keeping, of 0.4 per cent, sends shock to economists who had been expecting an increase

Even Tata feels force of global economic squeeze

Ratan Tata has slammed on the brakes, commanding each of his 98 companies to tighten their belts and ditch acquisition plans

Serco gains passage to India with £13m stake

The group has entered India through the acquisition of Info Vision, one of the country’s largest call centre operators

Car sales slowdown sums up India's malaise

Sales of new cars plunged by nearly a fifth last month, pushed down by tighter lending conditions and a slowing economy