Moneycontrol PRO

business

Satyam's class action law suits dent Tech Mahindra Q4 nos

Tech Mahindra's Q4 net profit rose 0.5% (excluding Satyam losses) to Rs 206.5 crore. "When we merge the Satyam results then it ends up in a loss basically because it reflects the one-time payment which was made for setting the class section lawsuit," vice chairman Vineet Nayyar said.

first published: May 26, 2011 05:53 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347