Satyam Computer

After finding the audit major guilty in the Satyam fraud, the markets regulator last week barred Price Waterhouse's network entities from issuing audit certificates to any listed company in India for two years.

Tech Mahindra rallies in July on cheap valuations

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.

Satyam is no more; to live on as part of Tech Mahindra

Once a darling of the Indian IT sector and the stock market, the scam-hit erstwhile Satyam has formally ceased to exist as an individual entity by formally merging with Tech Mahindra.

Davos 2013: Mahindra Satyam says ready for new era sans 'Satyam' stigma

After having to work twice harder than its peers to get business for nearly four years since rescuing scam-hit erstwhile Satyam Computer, Mahindra Satyam says it is now ready for a new era and a stronger market position, sans the stigma attached with the 'Satyam' name.

Indian ADRs: Infosys declines 2%, HDFC Bank rises 0.5%

Indian ADRs barring banking sector closed lower on Friday. In the technology space, Infosys was down 1.82 percent to USD 42.68 per ADR and Wipro fell 1 percent to USD 8.94.

US court dismisses claims against former Satyam directors

A US court has dismissed civil claims filed against former independent directors of erstwhile Satyam Computer, saying they themselves were victims of over USD one-billion accounting fraud at Indian IT firm.

Maha Satyam bounces into Group-A category stocks

Mahindra Satyam, which in its pre-scam erstwhile form as Satyam Computer figured as one of the top blue-chip shares of the country, will once again become a Group-A stock on the BSE from the next week.

Reebok India accuses former execs of Rs 8,700 cr fraud

Reebok India, owned by Germany's Adidas, lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose Rs 8,700 crore (USD 157 million).

Mahindra Satyam set to revive Nagpur SEZ

Mahindra Satyam, formerly Satyam computer services, is set to revive its plans for setting up a facility in Mihan (Multi-modal International Cargo Hub and Airport at Nagpur) SEZ at Nagpur.

MSat, TechM merger proposal to be taken up in June AGMs

The merger proposal of Mahindra Satyam (MSat) with Tech Mahindra will be taken up in the Annual General Meetings (AGMs) of both the companies to be held in June, a top executive of MSat said here today.

Indian ADRs: Patni up 3.5%, Infosys, Wipro gain 1.5%

Indian ADRs ended mixed on Thursday. In the IT space, Patni was up 3.47% at USD 17.3, Infosys was up 1.52% at USD 54.01 and Wipro was down 1.56% at USD 10.12.

Indian ADRs: Tata Motors up 3.75%, Wipro down 1.7%

Indian ADRs ended mixed on Wednesday. In the IT space, Wipro was down 1.72% at USD 10.28, Infosys was down 0.47% at USD 53.2 and Patni was up 0.06% at USD 16.72.

Indian ADRs: ICICI Bank, Tata Motors up 6.5-7%

Indian ADRs ended higher on Tuesday. In the IT space, Infosys was up 4.03% at USD 53.45, Wipro was up 2.65% at USD 10.46 and Patni was up 2.33% at USD 16.71.

Indian ADRs: HDFC Bank, Sterlite, ICICI Bank close higher

Indian ADRs closed higher on Friday. In the technology space, Infosys rose just 0.1% to USD 51.38 and Wipro went up 0.79% to USD 10.19. Patni Computer was unchanged at USD 16.33.

Indian ADRs: ICICI Bank, Tata Motors, Sterlite up 1-2%

Indian ADRs ended higher on Thursday. In the telecom space, Tata Communication was up 1.13% at USD 8.03 and MTNL was up 0.59% at USD 0.8198.

Indian ADRs: ICICI Bank, Sterlite down 3%

Indian ADRs ended lower on Wednesday. In the IT space, Patni was down 1.02% at USD 16.49, Infosys was down 0.66% at USD 51.01 and Wipro was down 0.59% at USD 10.12.

Indian ADRs: Infy up 3.5%, ICICI Bank gains 4.5%

Indian ADRs ended higher on Thursday. In the IT space, Infosys was up 3.49% at USD 51.07, Wipro was up 1.62% at USD 10.02 and Patni was up 1.39% at USD 16.8.

Indian ADRs: ICICI Bank, Sterlite up over 2%, Infy falls 4%

Indian ADRs ended mixed on Wednesday. In the IT space, Patni was up 0.55% at USD 16.57, Infosys was down 4.12% at USD 49.35 and Wipro was down 0.5% at USD 9.86.

Indian ADRs: Infosys, ICICI Bank, HDFC Bank up 3-4%

Indian ADRs ended higher on Tuesday. In the IT space, Infosys was up 4.19% at USD 51.47, Wipro was up 1.95% at USD 9.91 and Patni was up 1.6% at USD 16.48.

Indian ADRs: Wipro, ICICI Bank down over 3.5%

Indian ADRs ended lower on Monday. In the IT space, Wipro was down 3.76% at USD 9.72, Infosys was down 1.93% at USD 49.4 and Patni was up 0.43% at USD 16.22.

Mahindra Satyam Q2 net soars; Europe crisis a worry

Europe is the largest market after the United States for India's USD 76 billion information technology industry that gets more than 90 % of its revenue from providing services such as developing software applications and managing call centres.

Indian ADRs: HDFC Bank, Infosys, Patni up 2%

Indian ADRs ended higher on Wednesday. In the IT space, Infosys was up 1.83% at USD 58.55, Patni was up 1.82% at USD 13.43 and Wipro was up 0.4% at USD 10.1.

Deposit nominee Satyam directors' salaries in treasury: CLB

The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the government after a multi-crore accounting fraud was exposed at the IT firm in the government treasury.

Satyam case: AP HC dismisses bail pleas of Raju, 7 others

The Andhra Pradesh High Court today dismissed the bail petitions of B Ramalinga Raju and seven other accused in the multi-crore Satyam Computer accounting fraud.

Indian ADRs: Wipro, Infosys, Dr Reddy's Labs up 1%

Indian ADRs ended mostly up on Monday. In Telecom space, Tata Communication was up 2.41% at USD 8.5 while MTNL was down 0.62% at USD 1.61.