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Satyam case: Sebi bans Ramalinga Raju, others for 14 years, seeks Rs 1,849 cr

Jul 15, 2014

Satyam case: Sebi bans Ramalinga Raju, others for 14 years, seeks Rs 1,849 cr

In its 65-page order, effective immediately, Sebi said these five persons "have committed a sophisticated white collar financial fraud with pre-meditated and well thought of plan and deliberate design for personal gains and to the detriment of the company and investors in its securities". #Business #ThisisNext #Investing #SEBI #Mahindra Satyam #Satyam Computer #B Ramalinga Raju #B Rama Raju
Merger of Mahindra Satyam with Tech Mahindra finally gets clearance

Jun 11, 2013

Merger of Mahindra Satyam with Tech Mahindra finally gets clearance

Last year, Tech Mahindra and Mahindra Satyam announced their intention to merge aming to create a USD 2.4 billion entity. #DealStream #Mahindra Satyam #Tech Mahindra
Bloodbath: Sensex closes down 300 pts on weak rupee; JSPL biggest loser

Jun 11, 2013

Bloodbath: Sensex closes down 300 pts on weak rupee; JSPL biggest loser

The BSE Sensex closed at 19143.00, down 1.53 percent, while the Nifty closed at 5788.80, down 1.52 percent. #Sensex #nifty #Jindal Steel & Power Ltd #ICICI Bank #Mahindra Satyam #MarketClose
Tech Mahindra extends merger with Mah Satyam by 6 months

Mar 26, 2013

Tech Mahindra extends merger with Mah Satyam by 6 months

Tech Mahindra took over reins of the scam-tainted Satyam in April 2009 and rebranded it as Mahindra Satyam. Last year, it had announced the merger of two cos and have secured the mandate of both the boards and shareholders, barring the minority ones #CorporateStrategy #Mahindra Satyam #Tech Mahindra #Merger
Mahindra Satyam acquires majority stake in Brazilian IT firm

Feb 15, 2013

Mahindra Satyam acquires majority stake in Brazilian IT firm

Mahindra Satyam, a software services provider, said it acquired a majority stake in Brazil's Complex IT, a provider of consultancy on the use of SAP AG's business management software, for an undisclosed sum. #Mergers and acquisitions #DealStream #Mahindra Satyam #Brazilian Grand Prix
Mahindra Satyam is being penalised for picking up victim: Gurnani

Jan 24, 2013

Mahindra Satyam is being penalised for picking up victim: Gurnani

India's biggest ever accounting fraud came to the light in January 2009 when Satyam Computer's founder and then Chairman B Ramalinga Raju admitted to having overstated the company's financials by more than USD 1 billion and other wrongdoings at the firm. #TheySaidIt #Mahindra Satyam #WEF 2013 #PC Gurnani
Former directors of Satyam win ruling in US class action suit

Jan 03, 2013

Former directors of Satyam win ruling in US class action suit

A US federal judge dismissed claims against seven former directors of Satyam Computer Services in shareholder lawsuits stemming from the massive fraud at the heart of India's largest corporate scandal. #NewsTracker #Mahindra Satyam #Class Action Suit
Mahindra Satyam case: HC stays order attaching Rs 822 cr funds

Dec 12, 2012

Mahindra Satyam case: HC stays order attaching Rs 822 cr funds

The Andhra Pradesh High Court today stayed a provisional order of Enforcement Directorate attaching Rs 822 crore deposits belonging to Mahindra Satyam in an alleged money laundering case involving former Satyam Chairman. #NewsTracker #Mahindra Satyam #B Ramalinga Raju #Satyam scam
Money-laundering: Mahindra Satyam gets notice

Nov 21, 2012

Money-laundering: Mahindra Satyam gets notice

The Adjudicating authority under the Prevention of Money Laundering Act (PMLA) has issued notices to Satyam Computer Services Ltd (Mahindra Satyam) to appear before it in connection with an alleged money-laundering case. #NewsTracker #Money laundering #Mahindra Satyam #ED #Notice
Mahindra Satyam profit rises 17 pct, meets estimates

Oct 30, 2012

Mahindra Satyam profit rises 17 pct, meets estimates

The company's consolidated revenues rose 22.85 percent at Rs 1,938.36 crore, from Rs 1,577.71 crore in the July- September 2011 quarter. #Mahindra Satyam #EarningsShow
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