U.S.-based insurer State Farm Insurance has terminated its contract with the firm and some others are believed to be reviewing their service contracts. Satyam's clients include such giants as Nestle and General Electric.
India's largest-ever corporate scandal has cast a shadow over the country's outsourcing sector, which was already struggling with slowing growth due to global financial turmoil.
The new board of embattled Indian outsourcer Satyam Computer Services is working to secure emergency funding for the firm and will consider appointing a banker for the rescue effort, a board member said.
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