Satyam's New Auditors.

A quick update on the Satyam auditor front: Exactly as I had predicted in yesterday's blog post, Deloitte Touche Tohmatsu (which in India is represented by S.B.Billimoria & Co.) has been appointed as the new external auditors.

S.B.Billimoria & Co. have an untarnished reputation in India. They represent big multinationals and large Indian conglomerates such as the TATA group, HDFC, HDFC bank etc.

Full Disclosure: I worked with S.B.Billimoria in India for close to 4 years.