News tagged with satyam
India's Mahindra Satyam swings into net profit
India's software outsourcer Mahindra Satyam on Thursday said it had swung into net profit for the three months to March, from a net loss a year earlier.
May 17, 2012 |
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India's Mahindra Satyam posts strong profit growth
India's software outsourcer Mahindra Satyam on Wednesday posted a near five-fold jump in its third quarter net profit, beating market forecasts, as margins were boosted by a fall in the rupee.
Feb 01, 2012 |
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India's Mahindra Satyam sues former directors, auditor
Indian software outsourcer Mahindra Satyam on Monday said it had filed a case against past directors and a former auditor, seeking damages over a $1 billion accounting scam.
Jan 09, 2012 |
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India's Satyam posts strong profit growth
Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit soared more than ten-fold, beating market estimates, as demand for outsourcing grew.
Nov 10, 2011 |
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India court bails Satyam fraud accused
India's Supreme Court on Friday granted bail to the former chairman of Indian outsourcing giant Satyam, B. Ramalinga Raju, who is accused of one of the country's biggest corporate frauds.
Nov 04, 2011 |
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India's Satyam posts unexpected quarterly loss
India's fraud-hit software outsourcer Mahindra Satyam on Monday swung to an unexpected quarterly loss from a profit the previous quarter, hit by the cost of a one-off US lawsuit.
May 23, 2011 |
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Satyam to pay $10 million to settle SEC charges
Satyam Computer Services has agreed to pay $10 million to settle US charges that former top managers inflated the Indian company's revenue, the US Securities and Exchange Commission said Tuesday.
Apr 05, 2011 |
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India's Satyam offers $125mn to settle US suit
Indian software exporter Satyam Computer Services said Thursday it will pay $125 million to settle a US class action suit, saying the step ends uncertainty over the fraud-hit firm's recovery.
Feb 17, 2011 |
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India's Mahindra Satyam shows fiscal year quarterly profit
India's outsourcing firm Mahindra Satyam, recovering from the country's biggest-ever corporate fraud, on Monday reported its first profits since the scandal erupted.
Nov 15, 2010 |
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India's top court cancels bail for IT group's founder
India's Supreme Court on Tuesday cancelled bail granted to the founder of IT outsourcing firm Satyam, who is accused of staging the country's biggest corporate fraud.
Oct 26, 2010 |
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India's fraud-hit Satyam seeks delisting from NYSE
India's fraud-hit software firm Satyam Computers said on Friday it plans to delist from the New York stock exchange as it may not be able to meet the US deadline to file restated financial accounts.
Sep 24, 2010 |
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India fraud office to prosecute Satyam founder
India's fraud office will file charges this month against the founder of outsourcer Satyam after he admitted to falsifying profits in the nation's biggest corporate fraud, a minister said Monday.
Nov 16, 2009 |
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Tech Mahindra's bid for India's Satyam approved
India's Company Law Board on Thursday approved a bid from mid-sized outsourcing firm Tech Mahindra to take over graft-tainted Satyam Computer Services, an official said.
Apr 16, 2009 |
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India's Tech Mahindra trumps rivals to win Satyam
India's Tech Mahindra won the bidding Monday for Satyam Computer Services in a sale aimed at giving the fraud-rocked outsourcing giant vital capital and a new beginning.
Apr 13, 2009 |
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Third bidder joins race for Satyam
The board of India's Satyam Computer Services met Saturday to review a list of bidders for the fraud-hit outsourcer as a third company announced it had joined the race.
Mar 21, 2009 |
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