BT sells 14.1% stake in India's Tech Mahindra
British telecoms group BT said Thursday that it has completed the sale of a 14.1-percent stake in Indian IT group Tech Mahindra to institutional investors for £158.6 million.
British telecoms group BT said Thursday that it has completed the sale of a 14.1-percent stake in Indian IT group Tech Mahindra to institutional investors for £158.6 million.
Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit rose 56 percent year-on-year, beating forecasts as orders climbed.
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.
India's Tech Mahindra announced its long-awaited buyout of IT outsourcer Satyam Computer on Wednesday, creating a new force in the sector with annual revenue of $2.26 billion.
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.