Page 7 - Satyam Scam

More top hires at Mahindra Satyam

Bobby Gupta to head Mahindra Satyam's Australia, NZ operations

Satyam-Tech Mahindra merger postponed

Board of directors has extended validity of the scheme by a further period of six months

Tech Mahindra falls as merger with Satyam delayed

Shares in Tech Mahindra Ltd fall 1.9 percent, while Satyam Computer Services Ltd drops 1.6 percent, a day after the companies said a long-planned merger between the two had been delayed by an additional six months up to September 30.

Time for reflection, quiet appreciation on Mahindra Satyam: Mahindra

Mahindra, thanked the government and eminent banker Deepak Parekh for swiftly resolving the crisis

Mahindra Satyam, Dion to offer solution to financial firms in ANZ

IT consulting and outsourcing company, Mahindra Satyam (formerly Satyam Computer Services Limited), along with New Delhi-based Dion Global Solutions Limited, will be offering a software solution to assist financial institutions in Australia and New Zealand (ANZ) meet the US Foreign Account Tax Compliance Act (FATCA) regulations.

Mahindra Satyam's AGM on Jul 31 cancelled

Mahindra Satyam, which is set to merge with Tech Mahindra, today said the Annual General Meeting (AGM) scheduled for July 31 has been cancelled.

Tech Mahindra, Mahindra Satyam gain on completion of merger

Tech Mahindra is trading higher by 1.3% at Rs 1,012, while Mahindra Satyam is up by around 2% at Rs 117 on BSE.

Satyam Computer up order win from Bridgestone Europe

Shares of Satyam Computer was up over 1% at Rs 106.10 after the company said it has won a new order from Bridgestone Europe.

AP high court okays Mahindra Satyam merger with Tech Mahindra

The Andhra Pradesh High Court on Tuesday gave its go-ahead for the merger of consulting and IT services provider Mahindra Satyam (formerly Satyam Computer Services Limited) with its parent Tech Mahindra

Mahindra Satyam merges with Tech Mahindra

After the Andhra Pradesh high court gave a green signal for the merger of erstwhile fraud-ridden Satyam Computer Services (later re-branded as Mahindra Satyam) with Tech Mahindra, the management of the later has announced a formal amalgamation of the two companies

Satyam dead, but can TechM emerge from its shadow?

On 24 June, twenty six years ago Satyam Computer Services was born in Hyderabad. But, a day later, a group of people were celebrating its death in New Delhi

Employees surprised, but reassured

Satyam's employees told Business Standard how it would feel not to be associated with anything Satyam

Satyam is dead, TechM set to emerge from its shadow

Tech Mahindra had acquired Satyam as part of a government-sponsored bidding process in April 2009

Tech Mahindra, Mahindra Satyam surges 6% each

Mahindra Satyam and Tech Mahindra have outperformed the market by gaining 19% and 16% respectively since the Andhra Pradesh High Court nod for merger on June 11.

Are brokers hiding something big?

It is not often one gets to see soft-spoken and suave brokers roll up their sleeves, wag their fingers and take to the street, literally that is. Last week, all this happened on live national TV

Satyam is no more; to live on as part of Tech Mahindra

After debuting on the stock market in 1995, Satyam soon went on to become one of the country's top five IT companies and its share price was trading Rs 250 level in late 2008

Tech Mahindra completes share swap

Tech Mahindra, today announced that it has completed the process of allocating shares of Tech Mahindra to the shareholders of erstwhile Satyam Computer Services. This also means that the issued capital of the company has gone up from earlier 129 million shares to 232 million shares.

Tech Mahindra seeks transfer of Satyam SEZs

Tech Mahindra, which merged Mahindra Satyam (Satyam Computer Services Limited) with itself a few months ago, is in the process of transferring three special economic zones that were allotted to the latter before merger.

An auditor's cup of woes

Accounting issues have forever been the bone of contention in the corporate world. Ever since a large accounting scandals ripped through the last decade, auditors are finding themselves at the receiving end of the profession. Some big names such as Enron, Worldcom in the US and Satyam Computers on the Indian shores had fudged their accounts to such an extent that auditors were hauled up for not being able to spot these anomalies

The end of Brand Satyam

In its glory days, Satyam was the lifeline of Hyderabad. People were let off by traffic cops, without even a rap on the knuckles, the moment they disclosed they worked for Satyam