Satyam

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Satyam buyer does not get enough shares in public offer

Posted July 3, 2009 - 9:17 am

Tech Mahindra may have to ask Satyam for a preferential issue of equity
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Indian government approves Satyam takeover

Posted April 16, 2009 - 9:18 am

Scandal-ridden Satyam gets government clearance for a takeover by another Indian outsourcer, Tech Mahindra.
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India's Tech Mahindra wins majority stake in Satyam

Posted April 13, 2009 - 11:29 am

Tech Mahindra, an Indian outsourcer which has British Telecommunications as a key client and investor, has won the bid for a majority stake in troubled outsourcer Satyam Computer Services.
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India files charges against key former Satyam officials

Posted April 7, 2009 - 8:34 pm

Indian top investigation agency files charges against former Satyam officials.
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Satyam hopes to finalize bidder by April 30

Posted March 24, 2009 - 4:24 pm

Satyam hopes to finalize a bidder by April 30, though the UN decision to stop dealing with Satyam is a setback for the company.
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Satyam asks for second extension to file quarterly results

Posted March 19, 2009 - 9:09 am

Ailing Satyam Computer Services has asked Indian stock exchanges to extend to June 30 the deadline for filing the company's results for the fourth quarter of last year.
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Indian companies confirm bids for Satyam

Posted March 12, 2009 - 10:21 am

Two Indian companies say they have bid for a stake in Satyam, although large multinational companies may have stayed away.
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Buying Satyam may only interest smaller Indian outsourcers

Posted March 11, 2009 - 9:55 am

Large multinational services companies may not be interested in buying a majority stake in ailing Indian outsourcer Satyam Computer Services, according to analysts.
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Satyam invites investor bids by Thursday

Posted March 9, 2009 - 9:25 am

Indian outsourcing company Satyam announced the start of a competitive bidding process that could lead to an investor acquiring a majority stake in the company.
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Satyam to sell majority stake in global bid

Posted March 6, 2009 - 10:49 am

Indian outsourcer, Satyam Computer Services, said Friday that it has received permission from regulators to sell a 51 percent stake in the company in a global bidding process.
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Satyam says it bags new business of $250 million

Posted February 22, 2009 - 1:46 pm

Satyam bagged $250 million in new business as the board planned to bring in fresh management and funds.
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Satyam says it bags new business of $250 million

Posted February 21, 2009 - 9:29 pm

Satyam bagged $250 million in new business as the board planned to bring in fresh management and funds.
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Satyam gets clearance to sell stake to investor

Posted February 19, 2009 - 4:20 pm

The board of Indian outsourcer Satyam Computer Services received government approval Thursday to sell a stake in the company to a strategic investor.
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Satyam slashes costs to strengthen acquisition chances

Posted February 19, 2009 - 11:02 am

Indian outsourcer Satyam Computer Services will implement a range of costs-cutting measures to survive the global recession, the company said Thursday.
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Merrill Lynch to ditch Satyam for Tata

Posted February 16, 2009 - 10:23 am

Merrill Lynch will move many of its IT contracts from struggling Indian software firm Satyam Computer Services to rival Tata Consultancy Services, according to Indian newspaper The Economic Times.
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Satyam board appoints management, raises funds

Posted February 5, 2009 - 10:52 am

The government-appointed board chose new management for Indian outsourcer Satyam Computer Services on Thursday, and said it had raised about US$130 million in working capital from banks to tide over the liquidity crunch in the company.
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Satyam claims 15 contracts signed in January

Posted February 2, 2009 - 11:20 am

Satyam Computer Services bagged 15 contracts in January, a company spokeswoman said on Monday.
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Satyam appoints management advisor, investment banks

Posted January 27, 2009 - 10:53 am

Satyam board appoints management advisor and investment banks, as it evaluates interest by strategic investors.
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Satyam turns to YouTube to get its message across

Posted January 27, 2009 - 10:22 am

Indian outsourcer Satyam Computer Services is turning to YouTube to get its own message across to viewers worldwide in the wake of the financial crisis in the company.
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Satyam board meeting ends inconclusively

Posted January 23, 2009 - 12:39 pm

The board of scandal-ridden Satyam Computer Services met again on Friday without arriving at a solution to the company's liquidity crisis, or selecting a new management team for the company.
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Satyam inflated employee figures to siphon cash

Posted January 22, 2009 - 1:38 pm

A prosecutor told a court in Hyderabad on Thursday that Satyam Computer Services had only 40,000 staff, rather than the approximately 53,000 staff the company has claimed.
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GE stands by Satyam, but time running out

Posted January 20, 2009 - 11:36 am

Although analysts expect that Satyam Computer Services will lose customers in the fallout of its accounting scandal, major customer General Electric said Tuesday it had not moved work from Satyam.
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Report: Indian gov't says Satyam may have diverted funds

Posted January 19, 2009 - 9:44 am

Government; investigators now taking the view that funds may have been siphoned out of Satyam
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Satyam board meets again, still no plan

Posted January 17, 2009 - 6:08 pm

Satyam's board meets again Saturday inconclusively
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Satyam hires accounting firms to restate accounts

Posted January 14, 2009 - 10:31 am

Financially-troubled Satyam has hire KPMG and Deloitte Touche Tohmatsu to restate accounts at the company.
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