Sinha will be remembered as the chief under whom SEBI strengthened financial markets regulations, putting in place stronger rules to curb insider trading. Under the Sinha regime, hallmark changes in the rules for listing and delisting companies were made, besides bids to spruce up corporate governance at listed companies.
Nilesh Shah, the managing director at Kotak Mahindra AMC, believes that Bosch has a premium versus its peers and will continue to perform well on the bourses. He also narrates how he managed to sell off Satyam shares before they tanked.
A local court on Monday convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).
Sebi on July 15 this year barred Ramalinga Raju and the four others from accessing the market for 14 years and asked them to return Rs 1,849 crore in unlawful gains with 12 percent interest, in total a disgorgement amount of over Rs 3,000 crore.
Tech Mahindra Limited are diving up the stock in July die to cheap valuations. The company became India's no. 5 IT services provider after its merget with Satyam Computer Services.
The Mahindra group had taken over Satyam Computer Services in 2009 after a multi-billion dollar accounting scam by its founder Ramalinga Raju. Tech Mahindra & Satyam announced on June 25 that the merger of the two firms had been completed.
The merged entity will be called Tech Mahindra; Anand Mahindra will be Chairman and CP Gurnani the MD and CEO. It will be among the top 5 IT services companies with revenue of USD 2.7 billion.
While we continue to like Satyam's momentum with respect to deal wins, we remain concerned with Tech Mahindra‘s large telecom exposure, Credit Suisse said.
Mahindra Satyam's (Satyam Computer Services) fourth quarter consolidated net profit rose more than five-fold quarter-on-quarter to Rs 454 crore. It had an exceptional gain of Rs 134 crore.
A long-planned merger between Tech Mahindra Ltd and Satyam Computer Services has been delayed by an additional six months that is up to September 30.
Shares of Tech Mahindra and Mahindra Satyam were trading lower since early trade on Tuesday after the Tech Mahindra extended the proposed merger of Mahindra Satyam with itself for six months.
In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital shares trading strategy of the day.
Provisions for class action suits in the new Companies Bill is a step forward. But hurdles remain in its implementation.
Software services exporter Mahindra Satyam (Satyam Computer Services) has acquired a majority stake in Sao Paulo, Brazil-based SAP consulting provider Complex IT.
Kotak Institutional Equities downgraded Satyam Computer Services Ltd to "reduce" from "add", noting October-December revenue growth was "muted", given the impact from furloughs in the high-tech and manufacturing segments.
Software services exporter Mahindra Satyam (Satyam Computer Services) on Thursday said third quarter consolidated net profit slumped 74 percent year-on-year (71 percent quarter-on-quarter) to Rs 80 crore, due to a one-time claim settlement reached with Aberdeen UK.
Leading stock exchange BSE today announced changes in its indices for the mid-cap and small-cap segments, which will come into effect from January 14.
Satyam Computer Services , the software services firm sold to Tech Mahindra, has settled claims from Aberdeen Global and 22 funds that had claimed damages.
The Adjudicating authority under the Prevention of Money Laundering Act (PMLA) has issued notices to Satyam Computer Services Ltd (Mahindra Satyam) to appear before it in connection with a money-laundering case involving its previous management.
Satyam Computer Services jumps 8.7%, after hitting as high as Rs 91.85, its highest since July 21, 2011.
Software services provider Mahindra Satyam (Satyam Computer Services) first quarter consolidated net profit surged significantly better-than-expected 56% year-on-year (down 34% sequentially) to Rs 352 crore, helped by higher other income and continued demand for outsourcing.
Software services provider Mahindra Satyam (Satyam Computer Services) has appointed Edward 'Ted' Pretty as chairman of its Australia and New Zealand operations in a move towards expediting expansion in the two markets.
The Andhra Pradesh government has finally decided to attach the properties of B Ramalinga Raju, three-and-a-half years after erstwhile poster boy of the Indian IT sector shook the nation with Rs 14000-crore Satyam scam.
The merger of Tech Mahindra and Mahindra Satyam (Satyam Computer Services) is largely seen as a positive deal by analysts, considering that the combined entity will become sixth largest software services provider and will have a balanced revenue mix as it would client concentration.
Tech Mahindra and Mahindra Satyam's (Satyam Computer Services) boards approved merger of the two software services exporters and the combined entity will have revenue of USD 2.4 billion, the Mahindra Group company said on Wednesday.