Friday 26 December 2014
 
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Satyam

India’s Mahindra cited for role in UAE growth

India-based Mahindra Group, a leading business house, received an appreciation award for outstanding contribution towards UAE’s growth during a special ceremony titled ‘40 Years of Achievements’ in Dubai. The event was held at the Atlantis

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Bin Ladin group to co-promote Indian firm

Global construction conglomerate Saudi Bin Ladin group will become a co-promoter in Indian infrastructure firm Maytas Infra, which was earlier promoted by disgraced Satyam founder B Ramalinga Raju’s elder son Teja Raju. Infrastructure Leas

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Mahindra Satyam brand unveiled in Dubai

Satyam Computer Services Limited, a global consulting and information technology services provider, yesterday unveiled its new brand identity -Mahindra Satyam- at a meeting in the Palace Hotel, Dubai. The new brand identity emerged fo

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Tech Mahindra wins bidding for Satyam

India's Tech Mahindra won a bidding auction for fraud-hit Satyam Computer Services on Monday, in a deal that could lift the mid-sized outsourcer into the top tier of local software services firms. Satyam said Tech Mahindra agreed to buy a

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Satyam gets go-ahead for 51pc stake sale

Shares in India's fraud-hit Indian outsourcing firm Satyam jumped on Friday after it was given the green light for a global bidding process to sell off a 51 per cent stake in the company. Satyam's government-appointed board said it would "

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Satyam appoints new CEO, gets funding approval

The new board of fraud-scarred Satyam Computer Services on Thursday appointed A S Murty as chief executive, and said it had bank approval for funding of 6 billion rupees ($123 million) to meet capital requirements. The government-appointed

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India names new board at Satyam

India appointed members to the new board of embattled outsourcer Satyam Computer Services on Sunday, two days after dissolving the previous board in the wake of the country's biggest corporate scandal. Police charged Satyam chairman Ra

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Satyam chief arrested, board scrapped

The chairman of Satyam Computer Services has been arrested on charges of cheating and forgery, and the government dissolved the outsourcer's board as authorities moved to limit fallout from India's biggest corporate scandal. Rama

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India vows to end fraud as Satyam scandal rocks

India vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been falsely inflated for years. Chairman Ramalinga Raju resigned on

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Satyam chairman resigns, shares halve

The chairman of India's embattled Satyam Computer Services announced his resignation from the leading outsourcer on Wednesday, sending its share down more than 50 percent. "I sincerely apologise to all Satyamites and stakeholders, who have

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