Giving relief to the scam-hit Satyam Computer, the Company Law Board (CLB) on Thursday extended time limit for the IT company to declare quarterly financial results and file statutory documents up to December 31, 2009. …
Analysts see a tough road ahead for Tech Mahindra
Posted on: April 14th 2009 in Stock Views.
MUMBAI: Tech Mahindra’s acquisition of Satyam Computer Services may have come as a relief to the market, but analysts see a tumultuous journey ahead for the former. As regards the upcoming open offer, analysts aren’t sure of the kind of response the offer would evoke. …
Tech Mahindra ends 12% up on Satyam win
Posted on: April 14th 2009 in Stock News.
Shares of software firm Tech Mahindra today settled the day with a jump of over 12 per cent on the BSE, buoyed by its success in the race for acquiring majority stake in the Hyderabad-based IT firm Satyam Computer. …
UPDATE: Tech Mahindra pips L&T to claim Satyam
Posted on: April 13th 2009 in Stock News.
Tech Mahindra has pipped Larsen & Toubro and the Wilbur Ross group to claim the fraud-hit Satyam Computer. According to television reports, Tech Mahindra is paying Rs 1,757 crore for a 31% stake in the company, at Rs 58 per share. …
Satyam still among top 5, says MCA official
Posted on: April 10th 2009 in Press Releases.
Maytas Infra appoints K Ramalingam as chairman and Anil K Agarwal on the board Satyam Computer Services Ltd continues to retain its position among India’s top five software service providers, according to a senior Ministry of Corporate Affairs (MCA) official …
Three more arrests in Satyam case
Posted on: April 6th 2009 in Stock News.
The Central Bureau of Investigation (CBI), probing the Satyam fraud case, arrested the IT firm’s Vice-President (Finance) G Ramakrishna and two other employees on last night.According to CBI Deputy Director General V V Lakshmi Narayana, the arrested employees were involved in prepar…
Satyam board to announce winning bid on April 13
Posted on: April 4th 2009 in Stock News.
The board of tainted IT firm Satyam Computer Services will announce the winning bid on April 13. The technicalities will be evaluated by April 9, and the final winner will be announced on April 13, said Deepak Parekh, member of the board. …
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