| Satyam gets refund notices from 37 firms | 18-NOV-09 |
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| Satyam Computer Services (rebranded Mahindra Satyam) has received legal notices from 37 companies claiming a refund of $265 million (approximately Rs 1,230 crore), allegedly given as temporary advance. |
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| TechM Q2 net dips 44% | 21-OCT-09 |
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| Salary hikes, exchange rate fluctuation, pressure from its largest client, BT, and interest cost incurred due to the acquisition of Satyam Computer Services impacted Mumbai-based Tech Mahindra’s second quarter numbers. |
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| NYSE raps Satyam for not filing annual report | 21-OCT-09 |
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| The NYSE also warned that an ‘LF’ indicator would be appended to the company’s trading symbol and profile, date and news pages provided by the Exchange, Satyam announced in a filing to the BSE and NSE today. |
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| CLB allows Satyam to appoint statutory auditor | 15-OCT-09 |
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| Nearly 10 months after the Rs 10,000-crore scam surfaced in Satyam Computer, the Company Law Board today allowed the IT company to convene its annual general meeting and appoint a statutory auditor for accounting for 2008-09.
"The Board of the company is authorised to appoint a statutory auditor for the year 2008-09, subject to ratification by the general body as and when held," CLB Chairman S Balasubramaniam said while passing an |
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| Bail plea dismissed | 10-OCT-09 |
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| The fourth metropolitan sessions court here on Friday dismissed the bail petition of Satyam Computer Services founder B Ramalinga Raju. The court had heard the arguments on Thursday and reserved the orders for today. |
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| Satyam to recruit again, even seniors | 10-OCT-09 |
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| For the first time in almost six months after it was acquired by Tech Mahindra, Satyam Computer Services (now rebranded as Mahindra Satyam) will hire 130 people from outside the company. |
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| ICAI finds Satyam ex-CFO, PW auditors guilty | 29-SEP-09 |
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| The Institute of Chartered Accountants of India (ICAI) has found two top officials of Satyam Computer Services and four auditors of Price Waterhouse prima facie guilty in the Rs 7,800-crore fraud case, a top ICAI official said today. |
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| Hyd Metro ropes in Deloitte as adviser | 21-SEP-09 |
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| Consultancy firm Deloitte India has been appointed financial consultant and transaction adviser for the Rs 12,132-crore Hyderabad Metro Rail project. |
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| Satyam to get back contracts from Telstra, Merrill | 18-SEP-09 |
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| Fraud-hit IT outsourcing company Satyam Computer Services Limited (rebranded as Mahindra Satyam) is getting itself back on track, and inching closer towards acquiring the multi-million multi-year contracts it lost from Telstra and Merrill Lynch, according to a source close to the development. |
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| Angioplasty conducted on Raju | 16-SEP-09 |
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| Satyam Computer Services’ founder B Ramalinga Raju, under arrest since January for masterminding a massive accounting fraud, and who suffered a heart attack last week, underwent angioplasty on Tuesday for blockages in blood vessels. |
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| Satyam recovers 32 clients since May | 16-SEP-09 |
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| Satyam Computer Services (rebranded as Mahindra Satyam) has recovered 32 clients of Satyam since May. The company has close to 420 clients at present — down from the approximately 500 clients it had before takeover. |
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