Mahindra Satyam’s net profit up by six percent
November 10th, 2011 - 6:30 pm ICT by IANS
Hyderabad, Nov 10 (IANS) Software exporter Mahindra Satyam registered nearly six percent increase in its net profit during the second quarter ended Sep 30 with the company claiming that its ... 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 |
Court approves action against two auditors for Satyam lapses
May 31st, 2011 - 9:57 pm ICT by IANS
New Delhi, May 31 (IANS) The Delhi High Court has upheld the Institute of Chartered Accountants of India's (ICAI) decision for disciplinary action against two partners of Price Waterhouse ... 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 |
Satyam to pay $10mn to US regulator to settle fraud charges
April 6th, 2011 - 6:58 pm ICT by ANI
New Delhi, Apr 6 (ANI): Satyam Computer Services Ltd. has reportedly agreed to pay 10 million dollars as penalty to the U.S. Securities and Exchange Commission (SEC) to settle accounting fraud ... Read more...
Posted in World |
Satyam, PWC units to pay penalties for accounting frauds
April 6th, 2011 - 1:00 pm ICT by IANS
Washington, April 6 (IANS) India's scandal-hit Satyam Computer Services Ltd. and five PricewaterhouseCoopers International Ltd. affiliates have agreed to pay $17.5 million to settle claims brought by US regulators ... Read more...
Posted in Business |
Adi Godrej succeeds Rajat Gupta as ISB chairman (Lead, correcting figure in para two)
April 2nd, 2011 - 11:05 pm ICT by IANS
Hyderabad, April 2 (IANS) Godrej Group chairman Adi Godrej was Saturday elected chairman of the Indian School of Business (ISB), succeeding Rajat Gupta, who resigned last month after the US ... Read more...
Posted in Business |
IT department freezes accounts of Mahindra Satyam (Lead)
March 22nd, 2011 - 11:49 pm ICT by IANS
Hyderabad, March 22 (IANS) The Income Tax department Tuesday froze the bank accounts of Mahindra Satyam after the software firm failed to pay a tax demand of Rs.616 crore ... Read more...
Posted in Business |
IT department freezes accounts of Mahindra Satyam
March 22nd, 2011 - 8:59 pm ICT by IANS
Hyderabad, March 22 (IANS) The Income Tax department Tuesday froze the bank accounts of Mahindra Satyam after the IT firm failed to pay a tax demand of Rs.616 crore ... 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 |
Mahindra Satyam posts 3 percent revenue growth in Q3
February 14th, 2011 - 9:06 pm ICT by IANS
Hyderabad, Feb 14 (IANS) Mahindra Satyam, formerly Satyam Computers, has posted three percent growth in its revenues for the third quarter ended December 2010.The revenues during the quarter were Rs.1,279 crore ... Read more...
Posted in Business |
Ramalinga Raju surrenders in court, back in jail (Lead)
November 10th, 2010 - 8:22 pm ICT by IANS
Hyderabad, Nov 10 (IANS) Disgraced founder and former chairman of Satyam Computer Services Ltd B. Ramalinga Raju and five others Wednesday returned to jail after they surrendered before a trial court ... Read more...
Posted in Business |
Ramalinga Raju, five others surrender before trial court
November 10th, 2010 - 1:52 pm ICT by IANS
Hyderabad, Nov 10 (IANS) B. Ramalinga Raju, the prime accused in the multi-crore Satyam accounting fraud, and five others surrendered before a trial court here Wednesday.Ramalinga Raju, his brother B. Rama ... Read more...
Posted in Business |
Apex court rejects Raju’s plea on surrender
November 9th, 2010 - 4:15 pm ICT by IANS
New Delhi, Nov 9 (IANS) The Supreme Court Tuesday rejected an application by former chairman of Satyam Computer Services Ltd B. Ramalinga Raju seeking four weeks to surrender before the trial ... Read more...
Posted in Business |
Satyam case to be heard on daily basis from Nov 8
November 2nd, 2010 - 3:50 pm ICT by IANS
Hyderabad, Nov 2 (IANS) The special court here conducting trial in the Satyam scam Tuesday decided to hear the case daily from Nov 8 in view of the Supreme Court's ... 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: Court dismisses discharge plea of nine accused
October 25th, 2010 - 5:03 pm ICT by IANS
Hyderabad, Oct 25 (IANS) A local court Monday dismissed discharge petitions of nine accused in the multi-crore rupee accounting scam in Satyam Computer Services.The discharge petitions filed by all the accused, ... Read more...
Posted in Business |
‘Satyam’s Raju did not fudge accounts, only did window dressing’ (Lead)
October 21st, 2010 - 12:06 am ICT by IANS
New Delhi, Oct 20 (IANS) The Supreme Court Wednesday was told that the alleged fudging of accounts by the former chairman of Satyam Computer Services Limited B. Ramalinga Raju was only ... Read more...
Posted in Business |
‘Satyam’s Raju did not fudge accounts, only did window dressing’
October 20th, 2010 - 10:46 pm ICT by IANS
New Delhi, Oct 20 (IANS) The Supreme Court Wednesday was told that the alleged fudging of accounts by the former chairman of Satyam Computer Services Limited B. Ramalinga Raju was nothing ... 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 |
US SEC may file civil fraud charges against Satyam
October 3rd, 2010 - 5:32 pm ICT by ANI
Washington, Oct 3(ANI): The US Securities and Exchange Commission (SEC) is reportedly close to filing civil fraud charges against Indian software maker Satyam Computer Services in connection with a billion dollar ... Read more...
Posted in World |
Ramalinga Raju discharged from hospital
October 2nd, 2010 - 4:28 pm ICT by IANS
Hyderabad, Oct 2 (IANS) B. Ramalinga Raju, disgraced founder and former chairman of Satyam Computer Services Ltd, was Saturday discharged from a government-run hospital here.Raju, the prime accused in the multi-crore ... Read more...
Posted in Business |
Notice to Satyam ex-chief on CBI’s plea to scrap bail (Lead)
October 1st, 2010 - 10:30 pm ICT by IANS
New Delhi, Oct 1 (IANS) The Supreme Court Friday sought Satyam Computer Services Ltd (SCS) ex-chairman B. Ramalinga Raju's response on a petition by the Central Bureau of Investigation (CBI) seeking ... Read more...
Posted in Business |
Satyam Computer skids a day after post-fraud results
September 30th, 2010 - 3:12 pm ICT by IANS
Mumbai, Sep 30 (IANS) The shares of Satyam Computer Services skided Friday, a day after its new management unveiled its results following a shocking $1.75-fraud perpetrated by its erstwhile promoters that ... Read more...
Posted in Business |
Tech Mahindra-Satyam to merge in November
September 29th, 2010 - 10:13 pm ICT by IANS
Hyderabad, Sep 29 (IANS) The merger of Satyam Mahindra with its parent firm Tech Mahindra will start after Nov 15 and is likely to be completed within a year, company chairman Vineet ... Read more...
Posted in Business |
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 Computer fraud now estimated at $1.75 billion
September 29th, 2010 - 8:22 pm ICT by IANS
Hyderabad, Sep 29 (IANS) Financial irregularities perpetrated by the original promoters of Satyam Computer Services led by B. Ramalinga Raju resulted in a Rs.78.55 billion ($1.75 billion) impact on the company's ... Read more...
Posted in Business |
Satyam shares volatile ahead of annual earnings in two years
September 29th, 2010 - 2:09 pm ICT by IANS
New Delhi, Sep 29 (IANS) Shares of Mahindra Satyam were choppy Wednesday, ahead of the company's audited results review for fiscal years 2009 and 2010, due after markets close.At 12.15 p.m., Mahindra ... 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 |
Satyam soars 12 percent ahead of annual earnings in two years
September 22nd, 2010 - 4:22 pm ICT by IANS
Mumbai, Sep 22 (IANS) Shares of Satyam Computer Services, now renamed Mahindra Satyam, soared over 12 percent Wednesday, a week ahead of the disclosure of audited financial results for the past two ... Read more...
Posted in Business |
PricewaterhouseCoopers launches new branding initiative
September 21st, 2010 - 12:05 am ICT by IANS
New Delhi, Sep 20 (IANS) The new visual identity of the global advisory firm PricewaterhouseCoopers went live Monday with the new logo, a simplified version of the earlier one, during the re-launch ... Read more...
Posted in Business |
CBI plea against Ramalinga Raju’s bail to be heard Monday
August 29th, 2010 - 3:29 pm ICT by IANS
New Delhi, Aug 29 (IANS) The Supreme Court will Monday hear the CBI's plea seeking cancellation of the bail granted to disgraced former chairman of Satyam Computer Services B. Ramalinga Raju ... Read more...
Posted in Business |
After 10 months Ramalinga Raju appears before court
August 24th, 2010 - 4:33 pm ICT by IANS
Hyderabad, Aug 24 (IANS) After a gap of 10 months, disgraced former chairman of Satyam Computer Services B. Ramalinga Raju Tuesday appeared before court in the multi-crore accounting fraud.
A frail-looking Raju, ... Read more...
Posted in Business |
Satyam fraud case: Sick Raju makes dramatic appearance in court
August 24th, 2010 - 3:04 pm ICT by ANI
Hyderabad, Aug.24 (ANI): The tainted founder of Satyam Computer, B Ramalinga Raju, appeared before a local court here today, after avoiding appearance since September last year on health grounds.Raju is being ... Read more...
Posted in National |
Former Satyam chief Raju gets bail (Second Lead)
August 18th, 2010 - 8:42 pm ICT by IANS
Hyderabad, Aug 18 (IANS) Andhra Pradesh High Court Wednesday granted bail to B. Ramalinga Raju, prime accused in the multi-crore Satyam fraud case.
After spending 19 months in jail, the former chairman ... Read more...
Posted in Business |
