Nestle, Nissan & CIBA to stay with Satyam

Posted By: Staff
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Hyderabad, May 4: Three big clients of Satyam, Nestle, Nissan and CIBA assured to continue business with the fraud hit firm, bringing cheers to the Satyam employees.

Earlier these biggies were cautiously watching the developments happening in Satyam. Experts believed that after acquisition by Tech Mahindra, the clients of Satyam would move out to other companies. However, post the acquisition some of the companies had expressed confidence in the entity and pledged to continue business with them.

Other than this nations like Germany, United Kingdom, Switzerland who had earlier imposed some strict norms on Satyam employees for getting Visa have eased them. Satyam Computer Services plunged into crisis, when its founder Ramalinga Raju in Jan revealed about the 7,000 cr fraud and years of profit building. In Apr, information technology firm Tech Mahindra announced to acquire a 51 pc stake in the beleaguered firm for Rs 2,900 crore.

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