Bangalore: Tech Mahindra Ltd and Satyam Computer Services Ltd, which are in the process of a merger, aim to hire up to 10,000 staff for the combined entity in 2012/13 to meet an expected rise in demand for technology services. The companies also plan to complement their parent Mahindra & Mahindra group's move to become a major defence manufacturer, Tech Mahindra CEO Vineet Nayyar said on Tuesday. Tech Mahindra bought...
02:38 AM, Apr 11, 2012
Mumbai: The Income Tax Department has slapped a tax demand of Rs 2,114 crore on IT firm Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions claimed by the company. "The company has received draft notices of demand for Rs 1,037.69 crore and Rs 1,075.73 crore for assessment years 2002-03 and 2007-08, respectively," Mahindra Satyam said in a filing to the Bombay Stock Exchange. A senior official of the company...08:47 PM, Aug 22, 2011
Washington: US market regulator SEC on Tuesday said that India's fraud-hit Satyam Computer Services, now Mahindra Satyam, has agreed to pay $10 million to settle charges related to the accounting scam by its promoter B Ramalinga Raju. It also said five India-based affiliates of Price Water House Coopers (PWC), auditors to Satyam Computer, have agreed settle the SEC charges and pay $6 million in penalty. "Satyam, whose new leadership cooperated...11:52 PM, Apr 05, 2011
Ramalinga Raju suffered a cardiac arrest in a Hyderabad jail on Monday. ...11:16 AM, Sep 08, 2009
The IT dept is gathering information for finalising the pending assessment. ...03:22 PM, Aug 07, 2009
Tech Mahindra bought the scam-hit IT company in an open auction in April. ...09:20 PM, Jun 21, 2009
The employees have reportedly been given have salary hike of 10 per cent.. ...10:37 AM, Apr 01, 2009
An Indian newspaper had reported that IBM was to bid for buying Satyam. ...10:34 AM, Mar 27, 2009
PwC resigned as the statutory auditor for Satyam after te scam broke out. ...09:45 PM, Mar 05, 2009
The Board is moving cautiously as the company's fate hangs by a thread. ...08:12 AM, Jan 27, 2009
Confession has been allegedly acquired by CID from trusted Raju aide. ...11:55 AM, Jan 25, 2009
The market watchdog's request was not maintainable under the law. ...09:15 PM, Jan 23, 2009
Infosys ranks No 2 in India's $52 bn IT and back-office outsourcing sector. ...09:37 AM, Jan 13, 2009
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