Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 Advance Tax Paid, Do You Still Need To File ITR? Check Details Here
 Centre seen to have met FY24 gross tax target
 6 income tax rules that salaried should know as financial year 2024-25 starts from today
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16
 Tax rules for NRIs on sale of assets located in India

Satyam has 10 percent extra staff says chairman: report
April, 18th 2009

India's fraud-hit Satyam Computer Services Ltd may have up to 10 percent excess staff, a local newspaper reported on Saturday, quoting the head of the company's government-appointed board.
Kiran Karnik told the Economic Times that 3,000 to 5,000 staff were in excess, over and above the normal 'bench' maintained at outsourcing firms.

The 'bench' refers to staff not working on any projects and is normally 10 percent of the total workforce that is usually maintained for readiness to take on new projects.

Satyam Computer was taken over by mid-sized outsourcer Tech Mahindra Ltd this week after it bid the highest for a controlling stake in the company.

Three months ago, Satyam's founder and chairman shocked investors by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India's fourth-largest software services exporter.

The Economic Times said Karnik ruled out any government intervention to protect employees.

"It is for the board to decide and that will be Tech Mahindra," Karnik was quoted as having said. "... we (the government-appointed board) are in transition mode and we should be out soon."

 

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting