Satyam Computers

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.

A local civil court has issued an interim stay restraining Netflix from airing its web series ''Bad Boy Billionaires-India'' on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited.

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

Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement by the finance ministry on Monday.

The market regulator's order comes nearly nine years after the scam at Satyam Computer Services came to light and after two failed attempts by auditor major Price Waterhouse to settle the case through consent mechanism.

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.

The move comes following a Sebi order that barred these entities from accessing the securities market for a period of seven years.

The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year, wherein the regulator had barred Raju and four others from the markets for 14 years and also asked them to return Rs 1,849 crore worth of unlawful gains with interest.

A metropolitan sessions judge on Monday suspended seven-year rigorous imprisonment sentence awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

A local court on Friday deferred to May 11 its order on an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

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.

After six years the Satyam scam first came into right, a special court on Thursday convicted the firm's founder B Ramalinga Raju and nine other accused for criminal conspiracy.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.

A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

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.

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.

A local civil court has issued an interim stay restraining Netflix from airing its web series ''Bad Boy Billionaires-India'' on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited.

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

Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement by the finance ministry on Monday.

The market regulator's order comes nearly nine years after the scam at Satyam Computer Services came to light and after two failed attempts by auditor major Price Waterhouse to settle the case through consent mechanism.

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.

The move comes following a Sebi order that barred these entities from accessing the securities market for a period of seven years.

The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year, wherein the regulator had barred Raju and four others from the markets for 14 years and also asked them to return Rs 1,849 crore worth of unlawful gains with interest.

A metropolitan sessions judge on Monday suspended seven-year rigorous imprisonment sentence awarded to Raju and others in the Satyam case, known as one of the biggest corporate frauds in India.

A local court on Friday deferred to May 11 its order on an application filed by Satyam Computers founder B Ramalinga Raju and nine others, seeking suspension of their sentence and fines imposed on them in the multi-crore rupee accounting fraud.

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.

After six years the Satyam scam first came into right, a special court on Thursday convicted the firm's founder B Ramalinga Raju and nine other accused for criminal conspiracy.

A special court here trying the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce its judgement in the CBI-probed case on April 9.

A special court is, today, slated to pronounce in Hyderabad the much-awaited judgement in the multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL).

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.