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Infosys President Mohit Joshi Resigns From Post; to Join Tech Mahindra as CEO, MD
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.
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Tech Mahindra Acquires European Entity For Euro 310 Million
The acquisition of CTC is the second-largest acquisition that Tech Mahindra has made after scam-hit Satyam in April 2010
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Tribunal Quashes 2-Year Sebi Ban On PwC In Satyam Scam
SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.
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Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside
The Hyderabad High Court today set aside an Enforcement Directorate order provisionally attaching Rs 822 crore worth of fixed deposits belonging to Satyam Computer Services Ltd, which was acquired by Tech Mahindra
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Sheer 'Bad Luck' Could Not Get Satyam: L&T Chief
Ready to list L&T's "second baby" in the stock market with an IPO of its Infotech division, the group's executive chairman, A M Naik, has said it was nothing but "bad luck" that it could not acquire the erstwhile Satyam Computer despite being early to accumulate the shares.
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Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
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Satyam Founder Ramalinga Raju Sentenced to Seven Years in Jail in Fraud Case
Satyam, which in Sanskrit means "truth", was sold the same year to the smaller rival Tech Mahindra Ltd in an auction.
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Satyam Case: Special Court Postpones Verdict to April 9
The six-year-old case rattled the corporate world after Mr Raju on January 7, 2009, confessed to manipulating Satyam's account books and inflating profits over many years to the tune of Rs.7,136 crore.
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Tech Mahindra to acquire Swiss firm SOFGEN Holdings
Acquisitions have been an important part of strategy for Tech Mahindra, which aims to become a $5-billion company by the fourth quarter of 2014-15. Since its 2009 buyout of Satyam Computer Services, the company has acquired six companies, besides going for a merger with Mahindra Engineering Services.
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Court Quashes Money Laundering Cases Against Tech Mahindra
In a major relief to Tech Mahindra, the High Court at Hyderabad on Monday quashed all money laundering cases filed by Enforcement Directorate (ED) against the infotech major.
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Didn't Anticipate Legal Hurdles After Satyam Buy: Mahindra
Surprised by tax claims on its investments in the scam-tainted Satyam Computers, Mahindra Group chairman Anand Mahindra said he had not anticipated that the group will be battling Indian government and tax authorities in court for its own money.
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Satyam Fraud Case: Sebi Reports Mismatch of Over Rs. 12,000 Crore
The Satyam case had rattled India over five-and-a-half years ago as its biggest corporate fraud.
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Court to Fix Date for Satyam Verdict on June 26
Raju and others were charged with offences ranging from cheating, criminal conspiracy, forgery, breach of trust under relevant sections of IPC by way of inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying returns through violation of various I-T laws.
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Infosys, Tech Mahindra top bets in IT space: Andrew Holland
The benefits of merger with Satyam has still to play through for Tech Mahindra, which is now in the big league and is likely to win lots of contracts in the future.
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US court orders fresh proceedings into claims against Satyam
Satyam, whose founder and then Chairman B Ramalinga Raju, had admitted in January 2009 a long-running fraud at the company, was later acquired by Tech Mahindra and its entire business was integrated with the new owner earlier this year.
-
Infosys President Mohit Joshi Resigns From Post; to Join Tech Mahindra as CEO, MD
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.
-
Tech Mahindra Acquires European Entity For Euro 310 Million
The acquisition of CTC is the second-largest acquisition that Tech Mahindra has made after scam-hit Satyam in April 2010
-
Tribunal Quashes 2-Year Sebi Ban On PwC In Satyam Scam
SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.
-
Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside
The Hyderabad High Court today set aside an Enforcement Directorate order provisionally attaching Rs 822 crore worth of fixed deposits belonging to Satyam Computer Services Ltd, which was acquired by Tech Mahindra
-
Sheer 'Bad Luck' Could Not Get Satyam: L&T Chief
Ready to list L&T's "second baby" in the stock market with an IPO of its Infotech division, the group's executive chairman, A M Naik, has said it was nothing but "bad luck" that it could not acquire the erstwhile Satyam Computer despite being early to accumulate the shares.
-
Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
-
Satyam Founder Ramalinga Raju Sentenced to Seven Years in Jail in Fraud Case
Satyam, which in Sanskrit means "truth", was sold the same year to the smaller rival Tech Mahindra Ltd in an auction.
-
Satyam Case: Special Court Postpones Verdict to April 9
The six-year-old case rattled the corporate world after Mr Raju on January 7, 2009, confessed to manipulating Satyam's account books and inflating profits over many years to the tune of Rs.7,136 crore.
-
Tech Mahindra to acquire Swiss firm SOFGEN Holdings
Acquisitions have been an important part of strategy for Tech Mahindra, which aims to become a $5-billion company by the fourth quarter of 2014-15. Since its 2009 buyout of Satyam Computer Services, the company has acquired six companies, besides going for a merger with Mahindra Engineering Services.
-
Court Quashes Money Laundering Cases Against Tech Mahindra
In a major relief to Tech Mahindra, the High Court at Hyderabad on Monday quashed all money laundering cases filed by Enforcement Directorate (ED) against the infotech major.
-
Didn't Anticipate Legal Hurdles After Satyam Buy: Mahindra
Surprised by tax claims on its investments in the scam-tainted Satyam Computers, Mahindra Group chairman Anand Mahindra said he had not anticipated that the group will be battling Indian government and tax authorities in court for its own money.
-
Satyam Fraud Case: Sebi Reports Mismatch of Over Rs. 12,000 Crore
The Satyam case had rattled India over five-and-a-half years ago as its biggest corporate fraud.
-
Court to Fix Date for Satyam Verdict on June 26
Raju and others were charged with offences ranging from cheating, criminal conspiracy, forgery, breach of trust under relevant sections of IPC by way of inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying returns through violation of various I-T laws.
-
Infosys, Tech Mahindra top bets in IT space: Andrew Holland
The benefits of merger with Satyam has still to play through for Tech Mahindra, which is now in the big league and is likely to win lots of contracts in the future.
-
US court orders fresh proceedings into claims against Satyam
Satyam, whose founder and then Chairman B Ramalinga Raju, had admitted in January 2009 a long-running fraud at the company, was later acquired by Tech Mahindra and its entire business was integrated with the new owner earlier this year.
