Can You Trust Your Offshore Partners?
The latest sign that Indian companies are catching up to their western counterparts: "Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after saying he falsified earnings and assets, prompting a collapse in the stock of India's fourth- largest software-services provider."
Fun fact: Satyam means "truth" in Sanskrit.
Dignan: "Can you honestly trust your infrastructure with a company that has been as dismantled as Satyam?"
Sharma: "I suspect worse frauds by other Indian companies." He sees Wipro and Infosys as winners, and has some faith in the Indian regulators.