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Mahindra Satyam

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Satyam case: Sebi slaps 14-year ban on Ramalinga Raju, seeks Rs 1,849 cr

Jul 16, 2014

Satyam case: Sebi slaps 14-year ban on Ramalinga Raju, seeks Rs 1,849 cr

The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 percent per annum with effect from January 7, 2009 #SEBI #Mahindra Satyam #Tech Mahindra #Satyam #Ramalinga Raju #Capital Markets #B Rama Raju #Vadlamani Srinivas #G Ramakrishna #VS Prabhakara Gupta
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
Satyam case: Sebi finds financial mismatch worth over Rs 12,000 cr

Jul 15, 2014

Satyam case: Sebi finds financial mismatch worth over Rs 12,000 cr

Huge mismatches were also found in the TDS (tax deducted at source) amounts shown in the audited balance sheets and that in the income tax returns.
#SEBI #Mahindra Satyam #Satyam #Ramalinga Raju #Mahindra Tech
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 Appoints Manoj Chugh As Global Head, Business Development

Feb 14, 2013

Mahindra Satyam Appoints Manoj Chugh As Global Head, Business Development

In the new role Manoj will be supporting the integrated entity's business expansion plans across accounts and geographies. #Mahindra Satyam #global head #Manoj Chugh #Business Development
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