Search News

THE Coca-Cola Company is transferring a substantial part of its technology services contract from Satyam to other Indian IT companies in the next 6-8 weeks, a person with knowledge of the development confirmed. However, The Coca-Cola India spokesman declined to comment.

“Coca-Cola outsources enterprise business systems (Enterprise Resource Planning—ERP) to manage their inventory and distribution. The multi-year contract could be of the order of $100 million, with at least $30-50 million of work every year. Satyam is strong in ERP and is a lowcost provider; hence lots of companies, including The Coca-Cola Company, opted for it. Now the contract could go to other vendors,” said a Bangalore-based analyst.

Satyam Computer Services chairman Kiran Karnik said: “We do not want to comment on individual customer, like every IT company. Not surprisingly, a few of Satyam’s customers have terminated contracts and a few are looking at alternative options.”

Find Lawyer / Law Firm

Extradition Law in India

Every time an offender stealthily leaves India to take refuge in another country, the Government of India starts all over again with its strategy of bringing him back to the nation to make him stan More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More