Satyam Computers Chairman Ramalinga Raju on Wednesday resigned admitted to cooking the books of the company.
- On January 7, the New York Stock Exchange(NYSE) halted trading of Satyam Computer Services Ltd prior to the opening of the market — according to NYSE statement.
- India’s National Stock Exchange (NSE) said it will remove Satyam Computer Services Ltd from its S&P CNX Nifty 50-share index and the IT firm will be replaced by Reliance Capital with effect from January 12.
- Satyam would also be removed from various other indices like CNX 100, S&P CNX 500,CNX IT and the CNX Services sector index.