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Satyam Scam: SEBI Issues Fresh Order
The Securities and Exchange Board of India (SEBI) issued a fresh order on Friday in the close to a decade old Satyam Computers scam, which barred B Ramalinga Raju and three other entities from the Indian securities markets and has directed ...
Satyam fraud: Sebi digs out mismatch worth over Rs 12,000 cr
The Satyam saga, which rattled India over five-and-a-half years ago as its biggest corporate fraud, has turned out to be a case of financial mis-statements to the tune of approximately Rs 12,320 crore, as per Sebi's probe. Sebi today ordered ...
Satyam is no more; to live on as part of Tech Mahindra
New Delhi: Once a darling of the Indian IT sector and the stock market, the scam-hit erstwhile Satyam has formally ceased to exist as an individual entity by formally merging with Tech Mahindra. Its journey saw a fraud bringing down ...
ED freezes Satyam FDs worth Rs 822 crore
The Enforcement Directorate (ED) on Thursday froze fixed deposits (FDs) worth Rs 822 crore of Satyam Computers which were held in different banks. N Sridhar, joint director of the Hyderabad zone of ED, told TOI that the current attachment is a ...
Mahindra Satyam shares surge 4% post Q4 earnings
Shares of Mahindra Satyam surged 4% on Friday after reporting its numbers after market closing hours on Thursday. The company posted a net profit of Rs 534.21 crore for this quarter ended March 2012, against net loss of Rs 326.98 crore ...
Sensex, Nifty in red; Coal India up
The Indian benchmark indices were trading in the red as profit booking was seen after yesterday's smart rally of 285 points. Asian markets also opened on a flat note.Tech Mahindra and Mahindra Satyam shares were trading up 0.2% and 0.13% respectively ...
Tech Mahindra and Satyam shares spurt following merger
The shares of Tech Mahindra and Satyam spurted today following board approvals of their merger. Tech Mahindra rose by Rs 41.45 to Rs 689.80, while Mahindra Satyam rose 6.39% to Rs 79.20 at 2.19 pm IST on the BSE.The Boards of ...
Tech Mahindra and Satyam merger approved
The Boards of Tech Mahindra and Mahindra Satyam, in their meeting held today approved the merger of both companies along with certain wholly owned subsidiaries. Shares of Tech Mahindra on the BSE was trading up 0.51% at Rs 689, while ...
Mahindra Satyam gets tax notice of Rs 2,113 crore
Mahindra Satyam, the company which is in prolonged controversies received a tax demand of Rs 2,113.42 crore from Income-tax Department, as mentioned in a release to stock exchanges. The tax has been computed for two assessment years 2002-03 and 2007-08, ...
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