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Outside of its acquisition of Satyam, this is the most significant purchase that TechM has made towards its ambition of becoming a global IT player
The Indian IT services company books a 58 percent jump in net profit at 7.18 billion rupees (US$11 million), in line with growth by the rest of the industry.
In first quarterly results since its merger with Mahindra Satyam in June, the Indian outsourcing company saw broad-based growth led by sectors like manufacturing, and media and entertainment.
The sullied Satyam name and brand will soon disappear from the IT landscape, after Tech Mahindra formally closed the book on the long-running saga to acquire and integrate the fraud-scandal hit outsourcer.
Satyam founder B. Ramalinga Raju concealed a significant debt in the transaction that precipitated the US$1 billion fraud scandal at his Indian outsourcing firm.
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"Top 4 Must Have Apps for Your Phone" - The Indian ExpressLooking for help with mobile phones, e-commerce, DTH, or cars? Or have an...
Mahindra Satyam continues on its growth path, announcing its intentions to tap into Australia's industry and triple its headcount in the country over the next two years.
Mahindra Satyam has replaced the Australia/New Zealand CEO with its Middle East/North Africa vice president, and announces plans to double revenues to US$5 billion by 2015.
Overlayer Calculator is a simple calculator app custom made for people with cognitive visual deficits affecting comprehension of Arabic...
Indian IT services provider sees bottomline hit by exceptional charge in Aberdeen UK claim settlement; eyes acquisitions in Europe and Australia.
Indian IT services giant hopes fund will spur innovation and unearth the next Bill Gates, and also help to attract and retain talent.
The Indian IT services provider aims to hire 1,500 to increase its presence in China's engineering, manufacturing, and telecom sectors.
Country's new Companies Bill aims to address issues that enabled the infamous Satyam scandal to take place, but Indian government has yet to exhibit a willingness to enforce the law.
Indian IT services company beats expectations with first-quarter profit of US$61 million on back of several multi-million dollar contracts, capping three-year transformation since corporate fraud scandal.
Mahindra Satyam has picked Ted Pretty to provide strategic direction for the company and its sister outsourcing firm, Tech Mahindra.
Indian IT company looks to claim US$49.8 million in damages from previous management team, employees and audit firm PriceWaterhouse over loss of revenue and profits. Audit firm files own suit against Satyam.
Mahindra Satyam and Tech Mahindra plan to hire hundreds of people for their Sydney operations, a move welcomed by NSW Acting Minister for Trade and Investment George Souris.
Investor group led by Aberdeen now seeking some US$150 million in damages for alleged losses suffered because of Mahindra Satyam's past accounting scandal, report says.
Merger between Mahindra Satyam and Tech Mahindra will create consolidated Indian IT services giant with increased organizational size and capabilities, which will be strong threat to rivals, analysts note.
Boards of IT companies Mahindra Satyam and Tech Mahindra will meet to discuss finalizing long-awaited merger and create consolidated IT services giant with market value of nearly US$3.4 billion.
newsmaker Mahindra Satyam's chief people officer and chief marketing officer, Hari Thalaphalli, talks candidly about how increased transparency and connectedness with staff helped the IT services company rebound from its former crisis.
Interview: C P Gurnani discusses the rocky path to reviving Satyam's fortunes...
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