Tech Mahindra wins Satyam Bid

Tech Mahindra has emerged as the winning bidder in the Satyam fray. This could bring the much-awaited turning point in the Satyam saga, More than that it could be a big wise step that could redefine Tech Mahindra’s future.

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A.S.Murthy Appointed as Satyam’s New CEO

Satyam Computer Services, announced the appointment of A.S.Murthy as new CEO of the company.

It also announced the appointment of Homi Khursokhan and Partho Datta as special advisors to the board.

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Satyam Computers Services Chairman Ramalinga Raju Resigns, Admits Financial Fraud

Satyam Computer plunged into a deep crisis, as B Ramalinga Raju resigned as its chairman after admitting to major financial wrong-doings and saying his last-ditch efforts to fill the “fictitious assets with real ones” through Maytas acquisition failed.

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World Bank Bans Satyam for 8 Years

The World Bank has barred India’s Satyam Computer from doing business with it for eight years on the charges of data theft.

World Bank official admitted that Satyam has been barred from all business at the bank for eight years.

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Satyam Partners Oracle to Provide Clinical Development Applications

Satyam Computer Services Ltd, announced that it will work with Oracle’s new Health Sciences Global Business Unit to provide leading clinical development applications.

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