Satyam is imploding. Should I have written it has imploded already? I haven't done so, in deference to the 53,000 highly talented and qualified individuals who are still working there, as hard and as honestly as they can. Saying it will be an insult to their persistence and efforts. However, the truth is that the company is fast sinking. This was the poster boy of IT boom, a company which came from nowhere, and dominated the IT / Outsourcing scenario in India in last 10 years. This is the fourth largest IT software company [or is it, as all figures reported by Satyan is now suspect], which employs, as I said, 53,000 people. Satyam , as we all know, means truth. The absolute truth, by implication. While newspapers played on this and reported - Satyam a Lie - the day after its founder and chairman admitted the biggest corporate fraud in Indian history, this is also the moment of truth for the India: Not just for the IT companies, but for the country as a whole. The media is taking...