Mr.Karnik, who is a former Nasscom president said that Satyam computers did require grants from the government or any bail out package
On Monday, government sources indicated that they would bail out the company but CNN-BN has learnt that it will only play facilitator, organising short-term loans which Satyam desperately needs.
“We are discussing with the government and the Law Board as to whether in this situation we can defer them,” says Mr.Karnik
Karnik admitted that the IT giant is short of cash reserves and there is an immediate need to get some money to ensure the smooth functioning of Satyam.
In the current circumstances the regulators might excuse them, but the bigger issue is really funds.
With the government bailout looking bleak, the company might have to turn to big investors like ICICI, LIC and HDFC for a loan to tide over.
Tuesday, January 27, 2009
Azimuth Expands its Medical Transcription Operation in Chennai and Announces Search for Best Talents
[source: Business wire india]
The Company is Hiring Home Based Medical Transcriptionists and 50 Experienced MTs for its Chennai Center
Today, Azimuth, a leading Medical Transcription and e-learning company with operations in Pondicherry and Chennai announced the opening of a new office in Chennai Egmore and strong recruitment.
“We are hiring 50 of the best MT professionals in Chennai to join our new Egmore center.” says Terry Leger, CEO of Azimuth. “We are also hiring home based medical transcriptionists as many MTs are opting to work from home now” he adds.
The company does not see a slow down in its market, despite the tough conditions in the US. “At the contrary”, says Mr. Leger, “our rigorous attention to quality standards is insuring strong demand for our services and continuous growth even during this market slow-down.”
The company has developed an efficient way to train people on campus or online from home and hire then after. The Azimuth opportunity to study and work from home has been usefully adopted by many already. “Our work-from-home program is doing well and we guarantee employment after training!” underlines Terry Leger.
Azimuth has more than 9 years of successful experience in training and enrolling skilled workers. The company says it also offers the best salaries in the market to attract the best professionals.
Azimuth is one of the first companies in India to provide a comprehensive online distance learning Medical Transcription Training to any graduate. To pursue a career in Medical Transcription, one can take up Online MT Training at Azimuth Academy (www.azimuthacademy.com), the exclusive MT Training division of Azimuth.
About Azimuth Software India Private Limited:
Azimuth established in 2000 in Pondicherry is one of the leading Medical Transcription companies in South India. Azimuth currently employs over 200 associates in Pondicherry and Chennai and is expecting to double its production capacity within the next two years. Azimuth provides training, healthcare and medical transcription services to the leading hospitals in the US and it has strategic partnership with one of the world’s largest Medical Transcription Service providers.
Mr. Anand.K.,
Azimuth,
+91 (413) 2200954,+91 (413) 2200964,
E-mail: anand@azisoft.com
The Company is Hiring Home Based Medical Transcriptionists and 50 Experienced MTs for its Chennai Center
Today, Azimuth, a leading Medical Transcription and e-learning company with operations in Pondicherry and Chennai announced the opening of a new office in Chennai Egmore and strong recruitment.
“We are hiring 50 of the best MT professionals in Chennai to join our new Egmore center.” says Terry Leger, CEO of Azimuth. “We are also hiring home based medical transcriptionists as many MTs are opting to work from home now” he adds.
The company does not see a slow down in its market, despite the tough conditions in the US. “At the contrary”, says Mr. Leger, “our rigorous attention to quality standards is insuring strong demand for our services and continuous growth even during this market slow-down.”
The company has developed an efficient way to train people on campus or online from home and hire then after. The Azimuth opportunity to study and work from home has been usefully adopted by many already. “Our work-from-home program is doing well and we guarantee employment after training!” underlines Terry Leger.
Azimuth has more than 9 years of successful experience in training and enrolling skilled workers. The company says it also offers the best salaries in the market to attract the best professionals.
Azimuth is one of the first companies in India to provide a comprehensive online distance learning Medical Transcription Training to any graduate. To pursue a career in Medical Transcription, one can take up Online MT Training at Azimuth Academy (www.azimuthacademy.com), the exclusive MT Training division of Azimuth.
About Azimuth Software India Private Limited:
Azimuth established in 2000 in Pondicherry is one of the leading Medical Transcription companies in South India. Azimuth currently employs over 200 associates in Pondicherry and Chennai and is expecting to double its production capacity within the next two years. Azimuth provides training, healthcare and medical transcription services to the leading hospitals in the US and it has strategic partnership with one of the world’s largest Medical Transcription Service providers.
Mr. Anand.K.,
Azimuth,
+91 (413) 2200954,+91 (413) 2200964,
E-mail: anand@azisoft.com
Thursday, January 8, 2009
Satyam Scam: The future of India Inc.
Satyam Computer Services chairman B Ramalinga Raju’s admission of fudging the company’s accounts has put Indian IT industry in a delicate situation. The corporate governance in India has become a debatable topic. Satyams brand image was already tarnished as the World Bank has stopped its relation with Satyam
Once the resignation letter was submitted by Ramalinga Raju to the board and the admisson of the that the Satyam's balance sheets was inflated to Rs. 5040 crores inflation in the balance sheet,the Satyam shares has gone a record low of Rs 30. News of the scandal — quickly compared with the collapse of Enron — sent jitters through the Indian stock market, and the benchmark Sensex index fell more than 5 percent. Shares in Satyam fell more than 70 percent.
The damage will not be limited to the technology sector but also on the India Inc.’s credibility, rather than brand India IT. It also hit the stock market, which was already in a bearish face. The scandal raised questions over accounting standards in India as a whole, as observers asked whether similar problems might lie buried elsewhere. The risk premium for Indian companies will rise in investors’ eyes, said Nilesh Jasani, India strategist at Credit Suisse
Satyam serves as the back office for some of the largest banks, manufacturers, health care and media companies in the world, handling everything from computer systems to customer service. Clients have included General Electric, General Motors, Nestlé and the United States government. In some cases, Satyam is even responsible for clients’ finances and accounting.
This is a clear blow to the Indian IT dream. Satayam’s scam has become the biggest frauds in recent times. The fate of the employees, freshers, shareholders, FII s, the benefiters of the Byraju foundation are all at Stake.
Once the resignation letter was submitted by Ramalinga Raju to the board and the admisson of the that the Satyam's balance sheets was inflated to Rs. 5040 crores inflation in the balance sheet,the Satyam shares has gone a record low of Rs 30. News of the scandal — quickly compared with the collapse of Enron — sent jitters through the Indian stock market, and the benchmark Sensex index fell more than 5 percent. Shares in Satyam fell more than 70 percent.
The damage will not be limited to the technology sector but also on the India Inc.’s credibility, rather than brand India IT. It also hit the stock market, which was already in a bearish face. The scandal raised questions over accounting standards in India as a whole, as observers asked whether similar problems might lie buried elsewhere. The risk premium for Indian companies will rise in investors’ eyes, said Nilesh Jasani, India strategist at Credit Suisse
Satyam serves as the back office for some of the largest banks, manufacturers, health care and media companies in the world, handling everything from computer systems to customer service. Clients have included General Electric, General Motors, Nestlé and the United States government. In some cases, Satyam is even responsible for clients’ finances and accounting.
This is a clear blow to the Indian IT dream. Satayam’s scam has become the biggest frauds in recent times. The fate of the employees, freshers, shareholders, FII s, the benefiters of the Byraju foundation are all at Stake.
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