- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Satyam board circulates video clips asking for support
In a bid to improve its relationship with its associates and other stakeholders, the Satyam board is circulating a video message asking for support from associates.
Updated : Mar 16, 2018, 03:37 AM IST
TRENDING NOW
)
AR Rahman, Saira Banu's daughter Raheema opens up on parents' divorce being linked to Mohini Dey: 'Always remember...'
)
Emotional Intelligence for Entrepreneurs: A Key to Business Success
)
Riddhima Kapoor Sahni reveals Rishi Kapoor's last two wishes: 'He wanted to see Ranbir Kapoor getting...'
)
Sana Khan, former Bigg Boss contestant, actress announces 2nd pregnancy with Anas Saiyad: 'Only Allah has power to..'
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
'Your dance lightens up...': Little girl's dance on 'Tere Bina na Guzara E' steals hearts online, WATCH viral video
)
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'
)
Meet Imsha Rehman, Pakistani TikTok star who deactivated her accounts after video leak and Minahil Malik's MMS
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
32-year-old superstar forcibly kissed 15-year-old co-star; left her traumatised, crying; later laughed about it saying..
)
Amid Aishwarya Rai-Abhishek Bachchan divorce rumours, Jaya Bachchan says 'not my daughter' in viral video
)
Telecom rules to change from January 1, Mukesh Ambani's Jio, Airtel, Vi, BSNL will be affected due to...
)
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
)
AR Rahman's bassist Mohini Dey reacts to her split linked with composer's divorce with Saira Banu: 'I know exactly..'
)
Gandii Baat, XXX actress Aabha Paul sets Instagram on fire with hot photos
In a bid to improve its relationship with its associates and other stakeholders, the
board of fraud-hit Satyam Computer Services is circulating a video message asking for support from associates.
"There is a huge liquidity crunch in the company and till the accounts are restated, it is very difficult for banks to lend money. But we made arrangements and I hope the money comes in the next few days, so that, payments are made on time," Deepak Parekh, a member on the government-appointed board, said in the video clipping.
Sources said, though the board had not met officially yesterday, since January 26 is Republic Day, the members were engaged with some of the prospective lenders to overcome the financial problems.
Another member of the board and audit committee Suryakant Balakrishna Mainak said, "The main problem today is liquidity. This is a temporary problem ... this comes and goes ... The company has got sound free fixed assets. To obtain loans on fixed assets is not at all a problem or issue.
"We may work it out on some working capital loan from bankers and rupee term loan from financial institutions. And definitely a solution will come in that direction."
Board member Tarun Das said in a video clipping, "In the last 10 to 12 years, I have been engaged a great deal internationally and mostly in the US, Singapore and Japan. So I want to bring all my friendships and contacts around the world ... so that customers stay with Satyam and I will now want to get new customers for Satyam."
Former president of Nasscom and Satyam Board member Kiran Karnik said, "I have spoken to a fairly large number of big and major customers (over the past two weeks) and I am very delighted at the response and feedback I have got from each and every one of them ...
"[A]nd I say all without a single exception have confirmed that delivery continues to be of the highest quality and on time ... And I think this is a great compliment to the kind of work each one of you are doing ... It really speaks of what Satyam and Satyamites are all about."
