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Satyam Named as Mahindra Satyam

“Satyam Computer Services Ltd” was a reputed corporate company doing all the financial works for the World Bank. But the name “Satyam” is no longer used as the company dealt with negative situation due to the mishandling of the accounts. “Satyam“ has not reached its end but ONLY ITS NAME .
TechMahindra,the new owner of [...]

[ More ] July 1st, 2009 | 1 Comment | Posted in Corporate, Satyam |

Satyam Open Offer is likely to be commenced on june 12

After a huge Satyam scam that is committed by Satyam Computer Services ltd, Satyam’s board agreed to conduct an auction to decide the new owner of it. The race was won by highest bidder Tech Mahindra.
Tech Mahindra,who is the present owner of Satyam had already informed about the open offer price of stakes which was [...]

[ More ] June 5th, 2009 | 1 Comment | Posted in Corporate, Satyam, Tech Mahindra |

Satyam CEO Quits

” Satyam Boss resigns ” is the hot news this evening. Satyam founder Chairman Ramalinga Raju admits fraud of Rs 5040 crore in the balance sheet of the company and resigned from the board today. Satyam reported the September Q2 revenue as 2700 crores and an operating margin of 650 crores, but Raju today revealed [...]

[ More ] January 7th, 2009 | No Comments | Posted in Corporate, Satyam |