Latest Satyam Computer Services Stories
- Dow Jones' Release of the Market Moving News Sent Shares of Both Satyam and Tech Mahindra Sharply Higher - NEW YORK, April 27 /PRNewswire/ -- On April 13, 2009, Dow Jones Newswires was first with news that Tech Mahindra was the top bidder to buy a stake in rival Satyam Computer Services.
A joint British and Indian venture put in the winning bid for Satyam Computer Services, the outsourcing giant besieged by a massive fraud controversy. Tech Mahindra, a combined effort between British communications company BT Group and Mahindra & Mahindra, bid $1.2 billion for the company or $1.16 a share, Satyam's board said Monday, The New York Times reported. Tech Mahindra topped bids submitted by Indian engineering company Larsen & Toubro and U.S.
Scandal-plagued Satyam Computer Services in India has put a majority of its shares on the market, the company said. The company was rocked by an accounting scandal in January, when then-Chairman Ramalinga Raju resigned after admitting he added $1.04 billion to the company's books to make the company appear stronger.
Scandal-plagued Indian corporation Satyam Computer Services has offered itself for sale, a company board member said Wednesday. We are applying for regulatory approvals, board member Deepak Parekh, who is also chairman of the HDFC Bank, told The Hindu. The company would invite expressions of interest in the next few days.
A prosecutor in India said Satyam Computer Services Chairman B. Ramalinga Raju invented 13,000 fictitious employees to steal money from the company. S.
HYDERABAD, India, Dec.
Indian IT services provider Satyam Computer Services has announced plans to set up IT and BPO development centers in Mexico, Chile, and Uruguay.
- To swell, as grain or wood with water.