Stage set for Mahindra Satyam’s merger
March 20th, 2012 - 10:42 pm ICT by IANS
Hyderabad, March 20 (IANS) The stage is set for the long-awaited merger of Mahindra Satyam with its parent company Tech Mahindra Ltd.The boards of the two companies will meet ... Read more...
Posted in Business |
Satyam’s Ramalinga Raju, two others get bail
November 4th, 2011 - 5:59 pm ICT by IANS
New Delhi/Hyderabad, Nov 4 (IANS) In a setback to the Central Bureau of Investigation (CBI), erstwhile Satyam Computers Services Ltd founder-chairman B. Ramalinga Raju, his brother ... Read more...
Posted in Uncategorized |
Satyam case: Apex court notice to CBI on Raju’s bail plea (Second Lead)
October 21st, 2011 - 9:46 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Supreme Court Friday issued notice to the Central Bureau of Investigation (CBI) in the bail plea of erstwhile Satyam Computers Services Ltd founder ... Read more...
Posted in Business |
Satyam case: Apex court notice to CBI
October 21st, 2011 - 2:01 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Supreme Court Friday issued notice to the Central Bureau of Investigation (CBI) on a bail plea by the accused in one of India's ... Read more...
Posted in Uncategorized |
Two-fold jump in Mahindra Satyam’s net profit
August 10th, 2011 - 12:16 am ICT by IANS
Hyderabad, Aug 9 (IANS) Beginning the financial year on an encouraging note, software services provider Mahindra Satyam Tuesday posted a more than two-fold jump in first-quarter net profit, which ... Read more...
Posted in Sci-Tech |
Raju, others denied bail in Satyam scam
August 4th, 2011 - 4:57 pm ICT by IANS
Hyderabad, Aug 4 (IANS) A city court Thursday rejected the bail petition of B. Ramalinga Raju, former chairman of Satyam Computers, and seven other accused in India's biggest corporate ... Read more...
Posted in Business |
$10m US settlement in firm’s interest, says Mahindra Satyam
April 6th, 2011 - 8:45 pm ICT by IANS
Hyderabad, April 6 (IANS) After agreeing to pay $10 million to settle the US Securities and Exchange Commission's (SEC) suit, leading IT services provider Mahindra Satyam said the step ... Read more...
Posted in Business |
Mahindra Satyam-Tech Mahindra merger put on hold
February 14th, 2011 - 10:24 pm ICT by IANS
Hyderabad, Feb 14 (IANS) The process of Mahindra Satyam's merger with parent firm Tech Mahindra has been put on hold in view of the ongoing investigations into Satyam fraud case by ... Read more...
Posted in Business |
Apex court cancels bail of Satyam’s Raju, five others (Lead)
October 26th, 2010 - 8:21 pm ICT by IANS
New Delhi, Oct 26 (IANS) The Supreme Court Tuesday cancelled the bail of Satyam Computer Services Limited (SCSL) founder B. Ramalinga Raju, his brother B. Rama Raju and four other accused ... Read more...
Posted in Business |
Satyam scam: Apex court frowns on CBI’s long witness list
October 19th, 2010 - 9:11 pm ICT by IANS
New Delhi, Oct 19 (IANS) The Supreme Court Tuesday asked the Central Bureau of Investigation (CBI) how it expected the lower court to complete trial in Satyam Computer Service Limited scam ... Read more...
Posted in Business |
Satyam fraud case: CBI grills Raju for three hours
October 5th, 2010 - 5:10 pm ICT by ANI
New Delhi, Oct 5 (ANI): The Central Bureau of Investigation (CBI) questioned former Satyam chairman B. Ramalinga Raju for around three hours here today as part of its probe into the ... Read more...
Posted in National |
Satyam fraudulent entries by Raju at Rs.6,800 crore
September 29th, 2010 - 9:33 pm ICT by IANS
Hyderabad, Sep 28 (IANS) The total impact of fraudulent entries by the original promoters of Satyam Computer Services on the profit and loss account was to the tune of Rs.6,800 crore, ... Read more...
Posted in Business |
Satyam suffers net loss of Rs.8,177 crore in fiscal 2009 (Lead)
September 29th, 2010 - 9:23 pm ICT by IANS
Hyderabad, Sep 29 (IANS) Mahindra Satyam, formerly Satyam Computers, suffered a net loss of Rs.8,177 crore in fiscal 2008-09 on net sales of Rs.8,813 crore as a result of exceptional items ... Read more...
Posted in Business |
Court dismisses pleas for postponing Satyam trial
September 24th, 2010 - 6:34 pm ICT by IANS
Hyderabad, Sep 24 (IANS) A special court hearing the multi-crore Satyam fraud case Friday dismissed the petitions of three accused for postponing the trial against them.
The XXI Additional Chief Metropolitan Magistrate ... Read more...
Posted in Business |
Why not cancel bail, apex court asks Satyam scam accused
August 30th, 2010 - 11:24 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Supreme Court Monday questioned former managing director of Satyam Computers B. Rama Raju and four others, accused of a multi-crore-rupee fraud, as to why their ... Read more...
Posted in Business |
Former Satyam chief Raju gets bail (Lead)
August 18th, 2010 - 5:54 pm ICT by IANS
Hyderabad, Aug 18 (IANS) Andhra Pradesh High Court Wednesday granted bail to B. Ramalinga Raju, the prime accused in the multi-crore Satyam fraud case.
Justice Raja Elango, who had reserved the orders ... Read more...
Posted in Business |
Court reserves verdict on Raju’s bail plea
August 16th, 2010 - 4:58 pm ICT by IANS
Hyderabad, Aug 16 (IANS) Andhra Pradesh High Court Monday reserved its order on the bail petition of B. Ramalinga Raju, the prime accused in the multi-crore Satyam fraud case.
Justice Raja Elango ... Read more...
Posted in Business |
Andhra High Court adjourns hearing on Raju’s bail plea
August 5th, 2010 - 5:10 pm ICT by IANS
Hyderabad, Aug 5 (IANS) The Andhra Pradesh High Court Thursday adjourned the hearing on the bail petition of B. Ramalinga Raju, the prime accused in the multi-crore Satyam fraud case.
Justice Raja ... Read more...
Posted in Business |
Satyam’s founder Raju denied bail
March 15th, 2010 - 8:48 pm ICT by IANS
New Delhi, March 15 (IANS) The Supreme Court Monday denied bail to scam-hit Satyam Computer Services Ltd's founder B. Ramalinga Raju, saying that he is the main accused in the case.
A ... Read more...
Posted in Uncategorized |
Two top Maoist leaders killed in Andhra
March 12th, 2010 - 4:32 pm ICT by IANS
Hyderabad, March 12 (IANS) In a severe jolt to the Maoist movement, especially in Andhra Pradesh, the police Friday gunned down two top Maoist leaders in separate gun battles.
Shakhamuri Appa Rao, ... Read more...
Posted in Uncategorized |
Hyderabad Metro Rail to be completed in five years
February 19th, 2010 - 5:32 pm ICT by IANS
Hyderabad, Feb 19 (IANS) The Hyderabad Metro Rail project will be awarded to a new developer in May this year and will be completed in five years, the Andhra Pradesh government ... Read more...
Posted in Business |
High Court stays lower court warrant against Satyam’s Raju
January 19th, 2010 - 6:50 pm ICT by ANI
Mumbai, Jan 19 (ANI): The Bombay High Court on Tuesday put a stay on the on the production warrant against B Ramalinga Raju, former Chairman of Satyam Computer and asked a ... Read more...
Posted in National |
Interests of NRIs investing in property to be protected: Government
January 7th, 2010 - 8:59 pm ICT by IANS
New Delhi, Jan 7 (IANS) The government is taking various steps to safeguard the interests of overseas Indians who have invested in property in India, according to Minister for Corporate Affairs ... Read more...
Posted in Business |
Satyam pulls out of $75 mn Australian project
September 11th, 2009 - 7:36 pm ICT by IANS
Canbera, Sep 11 (IANS) Mahindra Satyam has pulled out of a $75 million software development project that the disgraced Satyam founder had promised to set up in Australia's Geelong city, media ... Read more...
Posted in Business |
Satyam pulls out of Oz university development project
September 11th, 2009 - 12:55 pm ICT by ANI
Melbourne, Sep 11 (ANI): Mahindra Satyam has pulled out of a 75 million dollars software development project at Deakin University that was set to create 2000 jobs in Geelong, Victoria.The company's ... Read more...
Posted in World |
Maytas Infra posts Rs.490 crore loss
August 31st, 2009 - 1:51 pm ICT by IANS
Mumbai, Aug 31 (IANS) Infrastructure company Maytas Infra posted a net loss of Rs.489.79 crore last fiscal compared to a profit of Rs.99.64 crore in the previous period, it said in ... Read more...
Posted in Business |
Satyam probe almost over, says Salman Khursheed
August 21st, 2009 - 7:48 pm ICT by IANS
Hyderabad, Aug 21 (IANS) There is enough material for successful prosecution in the Rs.78-billion Satyam fraud case and as soon as the Andhra Pradesh High Court sets up a fast track ... Read more...
Posted in Business |
Government allows Maytas to withdraw SEZ
August 11th, 2009 - 7:42 pm ICT by IANS
New Delhi, Aug 11 (IANS) The government Tuesday allowed the cash-strapped Maytas Properties to surrender its biotech special economic zone (SEZ), known as Maytas Ventures.
The Board of Approval (BoA), under the ... Read more...
Posted in Business |
Fresh global bids invited for Hyderabad Metro
July 17th, 2009 - 2:50 pm ICT by IANS
Hyderabad, July 17 (IANS) The Andhra Pradesh government has invited fresh global bids for the Rs.121-billion ($2.4-billion) Hyderabad Metro Rail project in a public-private partnership (PPP) mode.
The notification issued late Thursday ... Read more...
Posted in Business |
Andhra to call global bids for Hyderabad Metro
July 13th, 2009 - 8:21 pm ICT by IANS
Hyderabad, July 13 (IANS) A week after scrapping the deal with Maytas Infra-led consortium for the Hyderabad Metro Rail, the Andhra Pradesh government Monday decided to invite fresh global bids for ... Read more...
Posted in Business |
Tech Mahindra to complete Satyam’s 75-mn dollars Australian project
July 1st, 2009 - 12:28 pm ICT by ANI
Melbourne, July 1 (ANI): Tech Mahindra, the new owner of troubled Indian IT services firm Satyam, has for the first time confirmed its continued commitment to a 75 million dollars software ... Read more...
Posted in World |
Slashed pay, ‘virtual’ job for over 7,000 Satyam staff
June 11th, 2009 - 10:11 pm ICT by IANS
Mumbai, June 11 (IANS) Between 7,000 to 10,000 Satyam employees have been put in a "virtual pool", continuing their association with the company but with reduced pay, the IT firm said ... Read more...
Posted in Business |
Tech Mahindra gets Company Law Board nod for Satyam buy (Lead)
April 16th, 2009 - 6:09 pm ICT by IANS
New Delhi, April 16 (IANS) The Company Law Board Thursday approved the strategic sale of Satyam Computer Services to Tech Mahindra, and directed the consideration of Rs.1,756 crore (Rs.17.56 billion/$351 million) ... Read more...
Posted in Business |
Satyam board says company on way to resurrection
April 13th, 2009 - 5:38 pm ICT by IANS
Mumbai, April 13 (IANS) It was with a sense of satisfaction and achievement that the six-member board of Satyam Computer Services Monday announced the virtual "rebirth" of the crisis-ridden software giant, ... Read more...
Posted in Business |
Manmohan Singh hopes Satyam-like scams will not recur
April 13th, 2009 - 4:26 pm ICT by IANS
Mumbai, April 13 (IANS) Prime Minister Manmohan Singh Monday said he was glad at the successful outcome of the auction to sell controlling stake in Satyam Computer Services and hoped scams ... Read more...
Posted in Business |