Satyam Computer Services Ltd

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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

• Satyam founder Raju, wife, kin convicted for evading income tax

  A local court on Thursday convicted directors of 19 companies whose promoters included wife and sons, family members and relatives of Satyam Computer Services Ltd founder B Ramalinga Raju for allegedly evading income tax.

• Satyam case: Charge sheets filed against Raju, 212 others

  The ED report said that Ramalinga Raju and the other accused, who have also been probed by CBI or Central Bureau of Investigation, "derived proceeds of crime from the sale and pledge of inflated shares of M/s Satyam Computers and Services Ltd (SCSL)".

• Tech Mahindra seeks transfer of Satyam SEZs

  According to a department notification, Tech Mahindra has approached the Board of Approvals (BoA) under the Department of Commerce for transferring rights of three SEZs (one in Tamil Nadu and two in Andhra Pradesh) and the proposal will come up for a discussion before the BoA on August 30.

• Tech Mahindra rallies 10% in July on cheap valuations

  The stock is trading at a discount of 34.2 per cent to HCL Technologies Ltd valuations on price-to earnings multiples, according to StarMine estimates.

• Mahindra Satyam shares to stop trading from July 4

  Mahindra Satyam (erstwhile Satyam Computer Services Ltd), which merged into Tech Mahindra last month, will become history in the records of BSE and National Stock Exchange (NSE) as trading of the company's scrip is likely to end from July 4.

• Goldman starts Tech Mahindra, Satyam with 'buy' ratings

  Tech Mahindra Ltd shares gain over 2 per cent and Satyam Computer Services Ltd rises around 1 per cent after Goldman Sachs initiates coverage of both companies with "buy" ratings.

• Tech Mahindra, Satyam Computer fall after delay in merger

  Brokerage Sharekhan said in an email to clients that the delay is "sentimentally negative" for the stocks, attributing the reason to opposition to the merger from the Andhra Pradesh High Court.

• Tech Mahindra extends merger with Mahindra Satyam by 6 months

  Tech Mahindra said on Monday that it has extended the proposed merger of Mahindra Satyam with itself for six months.

• Kotak downgrades Satyam Computer after Q3 earnings

  Kotak Institutional Equities downgraded Satyam Computer Services Ltd to "reduce" from "add", noting the October-December revenue growth which was "muted", given the impact from furloughs in the high-tech and manufacturing segments.

• Tech Mahindra profit rises 23%, beats estimates

  Tech Mahindra Ltd, the IT outsourcing business of India's $15 billion Mahindra Group, beat expectations with a 23.3 percent rise in second-quarter profit, boosted by increased client spending and a good performance at its unit Satyam Computer Services Ltd.

• Mahindra Satyam profit rises 17%, meets estimates

  Satyam Computer Services, in the process of a merger with parent Tech Mahindra Ltd, met expectations with a 17 percent rise in second-quarter profit, as customers, aiming to cut IT costs, gave it more orders.

• SEBI imposes Rs 5 lakh fine on Satyam's compliance officer

  Market regulator SEBI today imposed a penalty of Rs 5 lakh on G Jayaraman, compliance officer of the erstwhile Satyam Computer Services Ltd for his failure to adhere to market regulations.

• Satyam Computer Services Ltd - Mahindra Satyam Launches Mobile Couponing Platform

  Satyam Computer Services Ltd has informed BSE regarding a Press Release dated June 10, 2011 titled "Mahindra Satyam Launches Mobile Couponing Platform".

• Satyam Computer Services Ltd - Mahindra Satyam inaugurates Smart Grid Customer Demonstration Center (CDC)

  Satyam Computer Services Ltd has informed BSE regarding a Press Release dated June 09, 2011 titled "Mahindra Satyam inaugurates Smart Grid Customer Demonstration Center (CDC)"