| Satyam gets notices for Rs 1,230 cr worth claims | 17-NOV-09 |
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| Mahindra Satyam today said it has received legal notices for claims totalling Rs 1,230.40 crore from as many as 37 companies, to whom it has replied terming these claims as "legally untenable". |
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| L&T to sell a third of Satyam stake | 13-NOV-09 |
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| Engineering giant Larsen and Toubro (L&T) is selling a third of its 6.9 per cent stake in Mahindra Satyam, formerly Satyam Computer Services. The transaction is expected to fetch Rs 304 crore for the company, said banking sources. |
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| Mahindra Satyam to reposition itself as ICT firm | 10-NOV-09 |
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| Moving away from the shadow of Satyam scam, software exporter Mahindra Satyam today said the company would be repositioned as a complete Information and Communications Technology (ICT) firm from just an IT outsourcing player. |
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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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| Tech Mahindra: Forex gains | 21-OCT-09 |
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| The September 2009 quarter results of leading IT players suggest that the global telecom industry is not out of the woods. Indicatively, Infosys and TCS‘ telecom segments’ share in overall revenues posted a decline of 60-70 bps sequentially — even on an absolute basis, their telecom-vertical revenues were lower sequentially. Given the muted outlook for the telecom sector, the topline and operating performance of Tech Mahindra, which derives 60 per cent from Europe and about 50 per cent from its major client, British Telecom (BT), is reasonably good. |
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| Tech Mahindra's Q2 net dips 44% at Rs 169 cr | 20-OCT-09 |
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| Mumbai-based Tech Mahindra’s second quarter ended September 30, 2009 net profit (consolidated) dipped 44 per cent to Rs 169 crore from Rs 302 crore in the corresponding quarter last financial year. |
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| Etisalat DB inks Rs 750-cr deal with TechMa, Aegis, Conflux | 20-OCT-09 |
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| Accelerating its forthcoming roll-out of telecom services in India, Etisalat DB Telecom announced an end-to-end outsourcing agreement with business process outsourcing (BPO) service providers Tech Mahindra, Aegis & Conflux. Valued at over Rs 750 crore ($150 million), the agreements will cover a period of over five years. |
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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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| Accounting for Satyam | 08-OCT-09 |
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| Nine months have passed since the country’s largest financial scandal hit Satyam Computers, after its promoter Ramalinga Raju confessed to a fraud that its auditors had failed to detect. The government acted swiftly. In about 100 days, a new, government-appointed board facilitated Satyam’s acquisition by the Mumbai-headquartered Tech Mahindra through a bidding process, and thus saved Satyam from collapse. Such speed of action was missing elsewhere. |
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| Mahindra Satyam gives new structure to Europe ops | 03-OCT-09 |
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| IT outsourcing company, Mahindra Satyam, has reorganised its structure following its acquisition by Tech Mahindra and has introduced the ‘two in box’ approach that combines sales and delivery functions into a single integrated business unit to increase account focus, responsiveness, and enhance customer satisfaction. |
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Content Guide
