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Shares in Satyam Computer Services Ltd (SATY.BO) could jump 20-30 percent on Monday after the government stepped in to appoint a three-man board in a bid to restore confidence in the outsourcing company rocked by the country's biggest corporate scandal.

Shares in Satyam Computer Services Ltd (SATY.BO) could jump 20-30 percent on Monday after the government stepped in to appoint a three-man board in a bid to restore confidence in the outsourcing company rocked by the country's biggest corporate scandal.

B Ramalinga Raju’s startling admission of padding profits and cooking up bank balances at Satyam Computer has erupted into what can be described as India’s biggest corporate fraud to date. However, this is only a part of the big horror show.

Satyam Computer Services is speaking to its top 100 clients individually, and has received expressions of support from key customers, its interim CEO said on Thursday.

Satyam Computer Services Ltd., which abandoned a $1.6 billion bid to buy companies linked to its chairman, gained in Mumbai trading after a report that Tech Mahindra Ltd. has proposed an all-stock merger.

Indian software services firm Tech Mahindra Ltd has approached embattled rival Satyam Computer Services for an all-share merger, the Economic Times reported on Tuesday, sending shares in both companies higher.

Disgraced former chairman of Satyam Computer Services [Get Quote] B Ramalinga Raju late Friday evening surrendered before Andhra Pradesh's Director General of Police S S P Yadav, according to a police spokesperson.

Disgraced former chairman of Satyam Computer Services B Ramalinga Raju and his brother were arrested late Friday night, two days after making a startling disclosure of about Rs 7,800 crore financial fraud in the IT company.

Even before the dust settled on the controversy involving Satyam's debarment, the World Bank on Monday revealed that action has been taken against a total of five entities in India, including Wipro Technologies, and an individual.