services firm Mahindra Satyam said legal notices claiming a refund of Rs12.3 billion ($265 million) by 37 companies are "legally untenable".In June, the company had received notices from a clutch of companies claiming a refund of advance payments.Mahindra Satyam, earlier known as Satyam Computer Services, was acquired by Tech Mahindra in April after the firm was hit by India's biggest corporate fraud,...
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Larsen & Toubro informed BSE on Friday that it has sold 2.72 crore shares of Mahindra Satyam. It had earlier said that it did not have any strategic interest in Mahindra Satyam.L&T had earlier sought regulatory permission to sell its holding in Mahindra Satyam. Before its partial stake sale, the engineering major held a 6.9 per cent in the IT company.L&T, which was in the race to acquire erstwhile...
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NEW DELHI: IT firm Mahindra Satyam on Tuesday said it will collaborate with Swedish defence firm Saab to develop applications and technology in India for the defence and security market. The multi-year collaboration would allow the companies to jointly address the Battlefield Management System (BMS) for the Indian Army, Mahindra Satyam said in a statement. Both parties intend to work together for Indian...
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IT firm Mahindra Satyam today said it will collaborate with Swedish defence firm Saab to develop applications and technology in India for the defence and security market.The multi-year collaboration would allow the companies to jointly address the Battlefield Management System (BMS) for the Indian Army, Mahindra Satyam said in a statement.Both parties intend to work together for Indian BMS programme,...
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In what may be the big break that Mahindra Satyam was waiting for, the IT firm has entered into a multi-year collaboration with the Swedish defence firm Saab.The companies will be jointly developing applications and technology in India for the defence and security market and addressing the Battlefield Management System (BMS) for the Indian Army, Mahindra Satyam announced in a statement.The IT firm...
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Mahindra Satyam saw 27.2 million shares, or about 2.31 per cent of its equity change hands, at 114.90 rupees 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 by selling...
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Mahindra Satyam saw 27.2 million shares, or about 2.31 percent of its equity change hands, at 114.90 rupees 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 by selling...
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BANGALORE: Leading Indian engineering and construction firm Larsen & Toubro Ltd will raise $65 million by selling one-third of its stake in Mahindra Satyam Ltd on Friday, a television channel said on Thursday. L&T, which operates in industries as diverse as engineering, shipbuilding and software, will sell 27 million shares in Mahindra Satyam at 112.50 rupees each, according to a report. Mumbai-based...
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Contracts worth $8.17 million have been grabbed by Mahindra Satyam from the Middle East & North Africa. These contracts, bagged by Satyam, are in the banking, financial services and insurance sectors.The multi-million deal between General Electric and Mahindra Satyam has been provided a three year extension.GE, which one of the top 5 customers of Mahindra Satyam, has rendered its support in exclusive...
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Mahindra Satyam today announced that it has joined the Symbian Foundation, which together with its ecosystem, is creating most proven, open and complete mobile software platform.The platform is based on Symbian OS and software assets contributed by Nokia, NTT DOCOMO, and Sony Ericsson, including the S60 and MOAP(S) user interfaces.Portions of the source code are already being moved to open source,...
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