Date:10/05/2005 URL: http://www.thehindubusinessline.com/2005/05/10/stories/2005051001430500.htm

Back Satyam joins XBRL consortium

Our Bureau

Hyderabad , May 9

SATYAM Computer Services Ltd has announced that it has become India's first Direct Participant member at the XBRL International, a non-profit consortium whose members include approximately 300 leading global organisations.

As a Direct Participant Member of the consortium, the company will work together with other consortium members to promote the adoption of XBRL (eXtensible Business Reporting Language). XBRL is a standard designed to eliminate the constraints of incompatible formats and vocabularies and to use recent trends in technology to enhance business reporting.

It is based on extensible mark-up language and takes advantage of its ability to create self-describing data. Satyam will provide leadership in the area of financial reporting, which is a part of all major compliance and regulatory requirements.