Satyam Computers is now Mahindra Satyam
by CXOtoday Staff    Jun 22, 2009
Category : News & Analysis
Two months after taking over Satyam Computer Services, Tech Mahindra yesterday renamed the IT company as Mahindra Satyam. Customer centricity, high standards of corporate governance, unimpeachable ethics form the cornerstones of the...
Satyam Will Save Rs. 1 Crore/Day
by CXOtoday Staff    Jun 12, 2009
Category : News & Analysis
Satyam Computer Services has unveiled its plan to create a 'virtual pool' for its employees. The company said it could save Rs. 1 crore a day by keeping 10,000 of its employees for a 50% reduced salary for next six months.Satyam Computer...
Tags: Satyam, IT
What's Next at Satyam?
by UTVi Desk    Jun 11, 2009
Category : News & Analysis
Corporate Affairs Minister Salman Khurshid has said that government nominees are no longer needed on the Satyam board.He said the Satyam board, which is meeting in Hyderabad today, can decide if the government nominees can leave the board. The...
Wipro Not Hit by GM Bankruptcy
by CXOtoday Staff    Jun 03, 2009
Category : News & Analysis
Wipro Ltd, India's No.3 software services firm, said on Wednesday accounts receivable from General Motors was less than $8 million and will not be hit by the US automaker's bankruptcy filing. In a communiqu to the Bombay Stock Exchange,...
Govt Assures Satyam Staff Against Layoffs
by CXOtoday Staff    Jun 01, 2009
Category : News & Analysis
Technology : Infrastructure
The government will not now allow Tech Mahindra, the new owners of Satyam Computer Services, to layoff employees of the company, said Salman Khursheed, the new minister for corporate affairs. The minister was responding to queries on the...
Top Satyam Executives Resign
by UTVi Desk    May 25, 2009
Category : News & Analysis
Top executives from Satyam and its BPO unit have resigned following reports the company will hive off 8,000 staff. Sources told UTVi that following the Friday's statement by Satyam's new parent -- Tech Mahindra's CEO Vineet...
Satyam Appoints Venturbay Nominees to its Board
by CXOtoday Staff    May 22, 2009
Category : News & Analysis
Technology : Infrastructure
Complying with the April 16 order of the Company Law Board, Satyam Computer Services Ltd. today appointed Vineet Nayyar, C.P. Gurnani, Sanjay Kalra and Ulhas N. Yargop (collectively, the "Venturbay Directors), to its board. These...
Satyam Loses More Customers
by CXOtoday Staff    May 21, 2009
Category : News & Analysis
Agilent Technologies and Lowe's Companies have terminated their contracts with the scam-hit IT firm. The firm's takeover by Tech Mahindra has not been able to arrest the trend. Contract termination by these two US based companies is...
Mazagaon Dock Implements SAP ECC
by CXOtoday Staff    Apr 24, 2009
Category : News & Analysis
Technology : Infrastructure
Mazagaon Dock, one of India's leading ship builders, has implemented SAP ECC 6.0 - a SOA-based ERP solution. The implementation was carried out by SatyamThe new system will provide managers with faster access to more, and more accurate,...
CXOs to Mitigate Risks with Forensic Data Analysis
by Muntazir Abbas    Apr 23, 2009
Category : News & Analysis
The IT/ITes sector is learning hard lessons from the recent Satyam fiasco. Coupled with economic slowdown, cautious Indian CXOs and large corporations are looking at technology deployment, including forensic data analysis to mitigate risks. ...
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