Till recently, the Indian IT service provider space was ruled by the top giants like TCS, Infosys, Wipro, HCL, Satyam etc. The emerging frauds and crises situations in Satyam are bringing this giant under the scanners. The hidden fraud that was reviled by Raju (CEO) has taken away sleeps of many people across the globe. After the failed last attempt to show the company's ficticious assets worth 5,000 cr by buying a stake in his sons company Martya, Raju was left with no choice but to revil the truth. To add up to the problems the global economic crices and the slow down will only worsen the situation for Satyam. Over 50,000 employees are just waiting for this dram to get over and let life return to normal at the work places. A hope of a takeover or a merger can only save this sinking vessel. The liquidity crunch that is a major problem with many other giants is only delaying their thoughts to consider a M&A option for Satyam.
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