SWITCH comprising the IT biggies(Satyam, Wipro, TCS, Infosys, Cognizant and HCL) of India may soon left with WITCH with the crash of Satyam seemingly very close to happen after the resignation of its chairman R.Raju admitting the frauds made in the Balance Sheet from last few years. Wooden chair over fire has to burn today or tomorrow without letting the one sitting on it to be safe from being burnt. Confession of Satyam’s chairman mentioned that acquiring Maytas was an attempt to clear the existing financial irregularities in order to continue to ride the tiger.
What comes as a question mark is : What will be the next prominent step of board of directors to safeguard the company and its image
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