Mahindra Satyam

  • Tech Mahindra Q1 net profit up 27 pc at Rs 686.3 crore 12-08-2013 07:44 PM

    Software major Tech Mahindra on Monday reported 27 per cent jump in consolidated net profit at Rs 686.3 crore for the quarter ended June 30, 2013, on the back of growth across verticals like manufacturing and media ~~amp; entertainment. The company's net profit stood at Rs 540.5 crore in the...
  • Mahindra Satyam merges with Tech Mahindra 25-06-2013 01:52 PM

    New Delhi: Software firm Mahindra Satyam was on Tuesday formally merged with its parent Tech Mahindra to create the country's fifth largest software services firm. "Over the past 4 years we worked through the statutory and legal issues, our teams worked closely on the ground to integrate processes, eliminate overlaps,...
  • MSat-Tech Mahindra merger gets AP High Court approval 11-06-2013 08:38 PM

    Hyderabad: The Andhra Pradesh High Court on Tueday approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders seeking to stall the proposal in its current form so as to safeguard their financial interest. The Court said, however, that the investigations into the...
  • Mahindra Satyam Q2 net soars; Euro crisis a worry 10-11-2011 03:08 PM

    Hyderabad: Software services exporter Mahindra Satyam warned on Thursday the euro zone debt crisis could dent demand for outsourcing, after beating estimates with a more than 10-fold jump in its quarterly profit. Europe is the largest market after the United States for India's $ 76 billion information technology industry that...
  • Saab India Technology Centre opens in Hyderabad 22-10-2011 01:05 PM

    Hyderabad: Saab India Technologies inaugurated Saab India Technology Centre (SITC), a Research and Development Centre, in partnership with Mahindra Satyam in Hyderabad on Friday. "An initial base of 100 skilled Indian engineers, to be inducted by the close of 2012, will form the backbone of the Centre. The SITC is...
  • Mahindra Satyam gets Rs 2,114 cr tax demand 22-08-2011 08:47 PM

    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...
  • MahSatyam settles SEC charges for $10 million 05-04-2011 11:52 PM

    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...
  • Rs 616.53 cr I-T notice to Mahindra Satyam 22-03-2011 11:31 AM

    Hyderabad: The Income Tax Department has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, the company said in a stock exchange filing on Tuesday. The company said the Central Board of Direct Taxes, under Section 119...
  • Mahindra Satyam to settle US suit, pay $ 125 mn 17-02-2011 11:26 AM

    Mumbai: Mahindra Satyam, formerly known as Satyam Computer Services, on Thursday said it has agreed to pay $125 million to settle a putative class action suit filed against the company in a United States District Court. The litigation relates to the 2009 accounting fraud at Satyam Computer, which was later...
  • Satyam Computers is now Mahindra Satyam 21-06-2009 09:20 PM

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