Satyam, Tech Mahindra not before June: Mahindra

Mahindras today said Satyam Computers (now Mahindra Satyam) will be merged with its flagship IT firm Tech Mahindra after settlement of accounts of the new entity, expected to be completed by June this year.

Once crisis-hit, Satyam now a crisis manager

Mahindra Satyam, once Satyam Computer that was embroiled in the country`s biggest ever corporate fraud, is now promising to help enterpises meet challenges.

Reports on financials not necessarily true: Mahindra Satyam

Mahindra Satyam today said its financials are not necessarily bad as has been made out, even as investors were roiled by reports that the accounting fraud
in the company could be double the initial estimate of Rs
7,800 crore.

No special favour given to Mahindra Satyam: Khurshid

The government on Thursday said it has
shown "no favour" to Mahindra Satyam by extending the
deadline for restating of accounts by six months to June 2010.

Mahindra Satyam close to finalising payback deal on Geelong proj

Mahindra Satyam is reportedly on verge of finalising a deal to payback an undisclosed sum to Victorian govt after collapse of a USD 75mn proj in Geelong.

Mahindra Satyam joins Symbian Foundation

Mahindra Satyam on Monday announced
that it has joined the Symbian Foundation, which together
with its ecosystem, is creating most proven, open and complete
mobile software platform.

L&T sells 27 million shares of Mahindra Satyam

Mahindra Satyam saw 27.2 million shares, or about 2.31 percent of its equity change hands, at 114.90 rupees a share on the BSE, stock exchange data showed on Friday.

Mahindra Satyam appoints Sudhir Nair as senior VP

Mahindra Satyam, formerly Satyam Computer Services, today appointed Sudhir Nair as Senior Vice President and Head of Infrastructure Services.

Mahindra Satyam bags big deal; to partner Saab for defence

IT firm Mahindra Satyam on Tuesday said
it will collaborate with Swedish defence firm Saab to develop
applications and technology in India for the defence and
security market.

L&T may not exit Mahindra Satyam in near future

Larsen & Toubro
(L&T) may not exit Mahindra Satyam, formerly Satyam Computer
Services, in the near future, a top company official said
on Thursday.

Mahindra Satyam gets Rs 360-cr contracts from MENA

Mahindra Satyam, the new brand
identity of Satyam Computer Services Limited, on Wednesday announced that it has secured sizeable contracts in the Middle East and North Africa region.

Mahindra Satyam may appoint Deloitee as auditor for 2009-10

Software exporter Mahindra Satyam, erstwhile Satyam Computer, is all set to appoint Deloitee as its statutory auditor for 2009-10, according to sources.

Mahindra Satyam makes key appointments for Europe biz

Mahindra Satyam on Wednesday made key
appointments to its European operations as part of
restructuring process following the acquisition of the
fraud-hit Satyam Computers by Tech Mahindra.

GE extends IT deal with Mahindra Satyam

Mahindra Satyam has said it has received an extension of its multi-million dollar contract with GE for next three years effective January 1, 2010.

Mahindra Satyam in talks with World Bank to revoke ban

Mahindra Satyam today said it is seeking an end to the eight-year old ban imposed by the World Bank on Satyam Computer which has since then assumed its new identity -- Mahindra Satyam.

OC Tanner renews contract with Mahindra Satyam

Mahindra Satyam on Tuesday said
US-based human resource consulting and services company OC Tanner has renewed its contract with the IT services provider for providing a range of application development services.

OC Tanner renews contract with Mahindra Satyam

Mahindra Satyam on Tuesday said
US-based human resource consulting and services company OC
Tanner has renewed its contract with the IT services provider
for providing a range of application development services.

Mahindra Satyam pulls out of USD 75mn proj in Oz

Mahindra Satyam has pulled out of the proposed USD 75mn project that would’ve created a software hub at Deakin University in Oz.

Mahindra Satyam shows revival signs; brings back variable pay

Mahindra Satyam on Tuesday said it has
reinstated the variable portion of salaries of employees, a
move which indicates the revival of the once fraud-hit firm.

Mahindra Satyam to allot 1,02,566 shares

IT firm Mahindra Satyam, on Tuesday said
its board has approved the allotment of 1,02,566 equity shares under the company`s stock option plans.