Bangalore: Tech Mahindra Ltd and Satyam Computer Services Ltd, which are in the process of a merger, aim to hire up to 10,000 staff for the combined entity in 2012/13 to meet an expected rise in demand for technology services. The companies also plan to complement their parent Mahindra & Mahindra group's move to become a major defence manufacturer, Tech Mahindra CEO Vineet Nayyar said on Tuesday. Tech Mahindra bought...
02:38 AM, Apr 11, 2012
Bangalore: 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. "We are trying to secure more efficiencies internally, we'll see how it works out, but I think it will be anywhere between five to 10,000 range," Nayyar said. The two companies together have...
02:51 PM, Apr 10, 2012
New Delhi: The swap ratio for the merger of Mahindra Satyam with Tech Mahindra has been fixed at 8.5 shares of Satyam for every one share of Tech Mahindra, by the boards of the two companies. The ratio is on expected lines, though some players felt Tech Mahindra shareholders should have got a slightly better deal because of the liabilities in Mahindra Satyam. The merger will create the fifth largest...
12:14 PM, Mar 21, 2012
London: The Public Accounts Committee of the House of Commons on Tuesday expressed concern over immigration officials' alleged "lack of control" over Indian and other non-European Union workers entering Britain through the Inter-Company Transfer (ICT) route. Many Indian IT companies use this route to transfer staff to offices in Britain. Since this route is not subject to the annual cap on the number of non-EU migrants, tens of thousands of...
10:36 AM, May 17, 2011
Mumbai: British Telecom is in talks with hardware telecom companies to sell its 24.4 per cent stake in Tech Mahindra, reports CNBC-TV18’s Kritika Saxena quoting sources. It is learnt that Alcatel-Lucent, Ericsson and Siemens are in the fray. Sources add that the stake sale may be in two tranches, selling 10 per cent in the first go. Though the price is not known, it is learnt that BT is likely...
05:33 PM, Feb 16, 2011
SEBI had earlier requested the SEC to waive the penalty on Mahindra Satyam for frauds committed by its previous management. ...
04:37 PM, Jul 13, 2010
The CBI has had filed a third charge sheet against the six accused. ...
08:53 PM, Jan 07, 2010
The planned IT project in Geelong city was expected to create 2,000 jobs. ...
06:44 PM, Sep 11, 2009
Anand Mahindra's new team must reignite sales to make that possible. ...
06:55 PM, Jul 16, 2009
Mahindra had decided to buy Satyam a year before the scam broke out. ...
08:01 PM, Jul 14, 2009
Last Sunday, Tech Mahindra rebranded Satyam as Mahindra Satyam. ...
09:36 PM, Jun 23, 2009
Tech Mahindra bought the scam-hit IT company in an open auction in April. ...
09:20 PM, Jun 21, 2009
The IT firm had a net profit of Rs 4 crore in January 2009. ...
12:38 PM, Jun 09, 2009
Satyam is bulging with at least 10,000 employees who are not needed. ...
10:46 PM, Jun 03, 2009
They want to de-freeze bank accounts and get back seized electronic items. ...
04:24 PM, May 26, 2009
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