Mahindra Satyam has soared 6% to Rs 76.20 on back of huge volumes on the bourses.

Mahindra Satyam has soared almost 8% at Rs 72 in opening trades on reporting 73% quarter-on-quarter (q-o-q) growth in net profit at Rs 534 crore, on back of robust other income.

Marking the completion of the three-year transformation and recovery, Hyderabad-based global consulting and IT services provider Mahindra Satyam on Thursday reported a consolidated net profit of Rs 534.21 crore for the quarter ended March 2012, compared

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

IT services firms Tech Mahindra and Mahindra Satyam today said they have tied-up with CA Technologies for system integration partnership globally.

Mahindra Satyam will invest $240 million globally to set up infrastructure and support services for its clients over the next three years, top company official said here on Thursday.

Mahindra Satyam will invest $240 million globally to set up infrastructure and support services for its clients over the next three years, top company official said here today.

Mahindra Satyam seems to be winning back the faith of foreign investors as their holding in it has crossed 20% mark for the first time since it was hit by the accounting scandal, considered the country's biggest ever corporate scam, more than three years

The combined entity resulting from the merger of Tech Mahindra Ltd and Satyam Computer Services Ltd may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, CEO of Tech Mahindra.

Mahindra Satyam (formerly Satyam Computer Services Limited) on Sunday said that a group of investors led by Aberdeen Asset Management have claimed damages of over $150 million (approximately 750 crore) from the company for the losses they suffered post

Mahindra Satyam (formerly Satyam Computer Services Limited) on Saturday said a group of investors led by Aberdeen Asset Management have claimed damages of over $150 million (approximately Rs 750 crore) from the company for the losses they suffered after

Satyam Computer (now Mahindra Satyam) founder B Ramalinga Raju, now cooling heels in prison for the multi-crore accounting fraud case, said he has no comments to make on merger of the IT company with Tech Mahindra.

For C P Gurnani, chief executive officer of Mahindra Satyam, and Sonjoy Anand, chief financial officer of Tech Mahindra, the merger announcement of the two companies is another step in creating an entity preparing to be counted among the big boys.

It may be a happy union. But for some, who have been following the Satyam episode here for quite sometime, it was also a bit disappointing.

The swap ratio of the Mahindra Satyam and Tech Mahindra merger, at 8.5:1, is quite close to market expectations of 7:1 to 9:1. Analysts are terming this fair, as it’s not detrimental to shareholders of either company.

Three years after it acquired India’s fourth largest information technology services firm, Satyam Computer Services, Tech Mahindra on Wednesday announced their merger.

The combined entity of Tech Mahindra and Mahindra Satyam that with revenues of $2.4 billion will be headquartered in Mumbai, with CP Gurnani, the current whole-time Director and CEO of Mahindra Satyam, as its Chief Executive Officer.

Check out what the leading market experts say regarding this deal and how are they positioning themselves in the IT space.

After its board meeting on Wednesday, Tech Mahindra approved the merger of Mahindra Satyam with itself at a swap ratio of 17:2. Effectively, for every 17 shares of Mahindra Satyam, investors will get two shares of Tech Mahindra.

The merger between Tech Mahindra and Mahindra Satyam was finally put to rest, after the boards of both companies at their respective meetings today approved a merger of Mahindra Satyam with Tech Mahindra along with wholly-owned subsidiaries of both