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Satyam Computer Services



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+Vote!

Satyam, Tech Mahindra slump on higher fraud size

Investors turned bearish on the counters of Tech Mahindra and Satyam Computer Services after the Central Bureau of Investigations stumbled upon evidence that could push the size of the fraud at Mahindra Satyam to Rs 11,875 crore.

+Vote!

India Probe Agency: Satyam Fraud Much Larger Than Estimated

India's Central Bureau Of Investigation said the accounting fraud at Satyam Computer Services is now estimated at 118.8 billion rupees ($2.58 billion), much larger than the amount estimated by regulators initially.

3Vote!

India: Satyam fraud understated by $1 billion

Indian investigators have said the fraud at Satyam Computer Services, once India's fourth-largest software services firm, was at least $1 billion more than initially thought. India - Mahindra Satyam - Fraud - Asia - Satyam Computer Services

3Vote!

Largest Stock Losers - 11/25/09

November 25, 2009 - Below is a list of the Top 15 biggest losing stocks today that have decent volume. These stocks are usually going down on bad news. I usually throw these on my watch list and monitor them for a bounce or a potential short trade. Biggest Stock Losers - 11/25/09 1. Benihana Inc. (BNHNA) - News 2. Dataram Corporation (DRAM) - News 3. Brazilian Telecommunications Corp. (TBH) - Resumes...

3Vote!

More Charges in Satyam Scam

India's federal probe agency said it has filed additional charges against 10 people accused in the accounting scam at software exporter Satyam Computer Services.

3Vote!

Satyam scam is of over Rs.14,000 crore, says CBI

The accounting scam at Satyam Computer Services is to the tune of Rs.14,000 crore (Rs.140 billion/$2.8 billion)) and not Rs.7,800 crore (Rs.78 billion) as the company's disgraced former chairman B. Ramalinga Raju stated earlier this year, the Central Bureau of Investigation (CBI) has said.

3Vote!

2-3 Satyam seniors face arrest

The Central Bureau of Investigation (CBI) is gearing up for a speedy trial in the multi-crore scam in Satyam Computer Services, now known as Mahindra Satyam.

3Vote!

Satyam gets notices from 37 companies

Mahindra Satyam has received legal notices from 37 companies staking claim to a refund of Rs 1230.4 crore that was allegedly given as a temporary advance to the then Satyam Computer Services.

3Vote!

BSE Notices 17 Nov 2009

Mahindra Satyam Satyam Computer Services Ltd has informed BSE regarding a Press Release dated November 17, 2009 titled “Mahindra Satyam and Gen-i Announce Strategic Alliance for Windows 7 Migration Services”. Source: BSE Date :17th-Nov-2009 Sun Pharmaceutical Industries Sun Pharmaceutical Industries Ltd has informed BSE regarding a Press Release dated November 17, 2009 titled “Sun...

3Vote!

Larsen lowers stake in Satyam

Mumbai, Nov. 13: Larsen and Toubro (LandT) today sold a part of its stake in Mahindra Satyam (formerly Satyam Computer Services) and raised Rs 306 crore.

3Vote!

L&T offloads 2.3% stake in Satyam for Rs 306cr

Engineering major Larsen & Toubro (L&T) has divested 2.72 crore equity shares (2.3%) in Mahindra Satyam, which was formerly known as Satyam Computer Services, at Rs 112.50 per share for around Rs 306 crore.

3Vote!

L&T to sell a third of Satyam stake

Engineering giant Larsen and Toubro (L&T) is selling a third of its 6.9 per cent stake in Mahindra Satyam, formerly Satyam Computer Services. The transaction is expected to fetch Rs 304 crore for the company, said banking sources. "L&T opened the book on Thursday after the trading hours and the transaction will be completed by Wednesday morning. The first transaction, at Rs 112.50 a share,...

3Vote!

Mahindra Satyam sees block deal of 27 m shares

Mahindra Satyam saw 27.2 million shares, or about 2.31 per cent of its equity change hands, at Rs 114.90 a share on the BSE, stock exchange data showed on Friday. An official at leading engineering and construction firm Larsen & Toubro, who did not want to be named, said the company was the seller. A television channel had reported late on Thursday that Larsen & Toubro will raise $65 million...

3Vote!

Satyam wants US cases shifted to India

Mahindra Satyam Computer Services Ltd has argued that the lawsuits filed against it in the US should be dismissed, as India, its home country, is the proper place for the litigations.

5Vote!

Satyam wants fraud suits filed in US moved to India

Satyam Computer Services, the company at the centre of India’s biggest corporate-fraud inquiry, said US lawsuits filed against it should be dismissed because its home country is the proper place for the litigation.