Corporate | Satyam says US suits must be moved to India

Corporate | Satyam says US suits must be moved to India
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First Published: Tue, Nov 10 2009. 10 18 PM IST
Updated: Tue, Nov 10 2009. 10 18 PM IST
New York: Software firm Satyam Computer Services Ltd said US lawsuits filed against it should be dismissed because its home country is the proper place for the litigation. In a court filing on Monday, the firm said it was joining a motion by its auditors, Price Waterhouse and Lovelock and Lewes, to dismiss for that reason the fraud suits brought by investors. Satyam’s alleged billion-dollar fraud, as well as the allegedly improper audit, took place in India.
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PepsiCo to hold board meeting in India: Nooyi
New Delhi: PepsiCo Inc.chief executive officer Indra Nooyi said the world’s largest snack-food maker will hold a board meeting in India.
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First Published: Tue, Nov 10 2009. 10 18 PM IST