@Tech Mahindra
CLB Gives Green Light to Tech Mahindra-Satyam Deal
by CXOtoday Staff    Apr 16, 2009
Category : News & Analysis
The Company Law Board (CLB) on Tuesday approved the Satyam sale to Tech MahindraAccording to the agreement, Tech Mahindra can not sell Satyam assets for two years. CLB said the government-nominated directors will continue on the Satyam board,...
"We can Work it Out," Mahindra
by UTVi Desk    Apr 14, 2009
Category : News & Analysis
Technology : Infrastructure
Related links:   L&T Still Interested in Satyam Computer L&T leads Satyam Buyout Race L&T Not Averse to Upping Stake in Satyam Why is L&T Infotech keen on Satyam Tech Mahindra Gets Controlling Stake in Satyam
Tech Mahindra Will Enter New League,Says India Inc
by Manu Sharma    Apr 14, 2009
Category : News & Analysis
Satyam s acquisition by Tech Mahindra is now more than just a formality. But for the Indian IT industry, it was a welcome change since it marks the end of the suspense and uncertainty over the last three turbulent months.Reacting to the...
Tech Mahindra Buys Satyam But At Whose Cost?
by Manu Sharma    Apr 14, 2009
Category : News & Analysis
Tech Mahindra has finally acquired the fraud-ridden Satyam Computers but at whose cost? The buyout is expected to put tremendous pressure on the operations due to interest payments and borrowings of the company. More ever, the IT services...
Tech Mahindra-Satyam: Integration Challenge
by Tabrez Khan, Sonal Desai    Apr 13, 2009
Category : News & Analysis
Tech Mahindra, which emerged as the highest bidder for Satyam, will have to work harder in the IT services space to compete with large system integrators as TCS, Wipro, Infosys, Cape Gemini, Accenture, among others. While the acquisition...
Tech Mahindra Now Among Top 5 IT Cos.
by Manu Sharma    Apr 13, 2009
Category : News & Analysis
With the successful bidding of Satyam Computer Systems, Tech Mahindra will not only move up in software export rankings in the country, but also diversify into software outsourcing. At present, the telecom company earns its revenue by...
Satyam Deal: Win-Win Situation
by UTVi Desk    Apr 13, 2009
Category : News & Analysis
The Indian IT industry has welcomed the Satyam-Tech Mahindra deal saying the acquisiton of Satyam (SATYAMCOMP) by Tech Mahindra (TECHM) is a win-win situation for the companies, employees and customers. Y M Deosthalee, chief financial...
Returning Normalcy Priority for New Owner: Gartner
by CXOtoday Staff    Apr 13, 2009
Category : News & Analysis
Partha Iyengar, head (research) of Gartner said it is imperative for the new owner of Satyam to move quickly to restore complete confidence in clients, employees, and investors, in that order. Iyengar also said integration plans should not...
Tech Mahindra Gets Controlling Stake in Satyam
by CXOtoday Staff    Apr 13, 2009
Category : News & Analysis
Tech Mahindra has bought a 31% stake in fraud-hit Satyam (SATYAMCOMP). According to a filing made in the BSE, the company paid Rs. 1,756 crore or Rs 58/share. Tech Mahindra (TECHM) is required to deposit the initial subscription amount and...
THE BIG SALE:Three-horse Race for Satyam
by UTVi Desk    Apr 13, 2009
Category : News & Analysis
Tech Mahindra has submitted its bid for Satyam Computer, Vineet Nayar, Vice Chairman, Managing Director and CEO, said. The bidders will submit their technical and financial bids to the government-appointed board of Satyam Computers  in...
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