Satyam board approves settlement with Upaid

Mahindra Satyam on Wednesday said its
board has approved settlement of lawsuits brought by its
former client Upaid Systems by paying USD 70 million.

M&M to consolidate auto-component bizs, eyes big aerospace pie

Home-grown auto major Mahindra and
Mahindra on Tuesday said it will consolidate auto-component
businesses under one roof and enhance presence in the aerospace component space eyeing USD 150-million revenue.

Mahindra, BAE sign JV for military land vehicles

Indian vehicle manufacturer
Mahindra & Mahindra and British defence company BAE Systems
on Monday singed an agreement to launch a joint venture company
to focus on manufacturing land systems for security forces.

Mahindra Satyam hit by new charges; outlook uncertain

Mahindra-Satyam shares fell to a 4-month low on Thursday, before recovering, on concerns over its outlook after Indian investigators filed new charges over accounting fraud that hit Satyam earlier this year.

Mahindra Satyam says not losing clients

Mahindra Satyam said customer attrition has stopped and it is not offering price cuts to win new deals, a company executive said.

Mahindra & Mahindra arm to bid for $3.5bn defence projects

The defence systems unit of India`s top vehicle maker Mahindra & Mahindra will bid for domestic defence projects worth $3.5 billion over the next seven years, its chief executive said on Monday.

M&M hints at price hike on surging input costs

Farm equipment and utility vehicles major Mahindra & Mahindra on Monday said it could consider effecting a price hike due to rising input costs.

Mahindra aim to reclaim lost ground in derby clash against AI

Mahindra United would look to
reclaim lost ground and end their first phase of the I-League
campaign on a positive note when they take on arch-rivals Air

M&M Q2 net races 242% to Rs 703 crore on strong sales

Mahindra & Mahindra (M&M) on Thursday said its net profit zoomed by 242 percent in Q2 FY 10 due to easing of raw material prices and a one-time income from the sale of shares in a unit.

Mahindra beat East Bengal 2-0 to enter Durand semifinal

Defending champions Mahindra
United rode a double strike from Mohammed Rafi to blank East
Bengal 2-0 and reach the semifinal of the 122nd ONGC Durand
Cup football tournament here today.

Maha Govt chided for giving land out of turn to Mahindra

The Supreme Court has slammed the
Maharashtra government and its industry promotion arm MIDC for
showing "undue haste" and "favouritism" in allotment of land
to Mahindra for its Logan car project.

Mahindra to record decline in passenger car biz this fiscal

Auto major Mahindra & Mahindra on Thursday said its passenger car business will decline in the current fiscal, but the slump would not affect its plans to launch three new products under different categories by March 2011.

Mahindra Satyam launches ‘ERP Shared Services’ for MENA region

Mahindra Satyam has launched the "ERP Shared Support Services" as part of the company`s current focus on expanding its footprint in the Middle East & North Africa (MENA) region.

Assess tax dues after accounts restatement: Mahindra Satyam

Mahindra Satyam on Sunday said the
government should not assess the income tax liability of the
IT firm before the restatement of financial accounts is

Mahindra among top five IT companies: Nasscom

As an aftermath of the
multi-billion dollar fraud at Satyam Computer early this year,
the Hyderabad-based firm is now officially out of the league
of the country`s largest software companies.