Satyam: A. S. Murty new CTO. Rakesh Soni COO.
Tech Mahindra has announces some major management changes at their new subsidiary Mahindra Satyam.
The company has now named A. S. Murty as the new Chief Technology Officer.
Satyam has also named Rakesh Soni as their new Chief Operating Officer. Soni was previously with Tech Mahindra. [...]
Chander Prakash Gurnani is the new CEO of Satyam Computers
Satyam Computer Services has named Chander Prakash Gurnani as their new CEO.
The company is now owned by Tech Mahindra.
Gurnani comes in place of A.S. Murty.
The company has also appointed Subramaniam Durgashankar as the new Chief Financial Officer of Satyam.
Satyam has also announced [...]
Tech Mahindra: Satyam has excess staff
Tech Mahindra has admitted that Satyam in its current form is overstaffed by around 10,000 workers.
The company is the new parent of the fraud hit Satyam Compute Services.
Mahindra said that they would definitely need to lower the headcount in the company to make it profitable again.
Vineet Nayyar CEO [...]
Tech Mahindra claims Satyam is already gaining new business
Tech Mahindra has announced that their new subsidiary Satyam has already started gaining new business.
The company has reportedly won some new projects as it looks like it might soon come back on its feet.
Anand Mahindra spoke about Satyam: “As far as I am concerned, since [...]
Satyam Computer Services to remain independent
Tech Mahindra are the new owners of Indian IT Company Satyam Computer Services.
They have announced that Satyam would function as a standalone unit in the near future.
Tech Mahindra said that they near future goal is to retain the existing customers and win back any business that has been [...]
Tech Mahindra could be the new owner of Satyam
Flash Player 9 or higher is required to view the chartClick here to download Flash Player now
if (typeof(embedWikichart) != “undefined”) {embedWikichart(”http://charts.wikinvest.com/WikiChartMini.swf”,”wikichartContainer_B25F1A4C-DBF3-98E1-DEB6-9E56B5F1BA03″,”390″,”245″,{”rollingDate”:”1 month”,”liveQuote”:”true”,”showAnnotations”:”true”,”ticker”:”SAY”});}
Market sources say that Tech Mahindra has emerged as the winner of the bidding process for Satyam.
The company offered Rs 58 per share for the company. [...]
IBM might be interested in Satyam
Economic Times has reported that IBM is one of the eight bidders for the Indian IT giant Satyam.
Private equity firm Apax Partners is said to be another party involved in the bidding process.
Larsen & Toubro, Tech Mahindra and Spice Group are other parties mentioned in the report.
IBM has [...]
Tech Mahindra to establish a call center in UK
Indian IT company Tech Mahindra has announced that they are going to establish a call center in the UK market.
This new center would be opened in South Tyneside and it would employee around 500 people.
They are working with BT on this project. They have [...]
Tech Mahindra gets a major order from Telecom New Zealand
Mumbai-based IT Company Tech Mahindra has revealed that they have bagged a major deal from Telecom New Zealand.
The deal is worth between $20 million to $30 million. It is related to Next Generation Telecom retail transformation program.
It would see Tech Mahindra handling program management and end [...]
Tech Mahindra wins a major contract from BT
Tech Mahindra has announced that they have now entered into a five-year deal valued at $350 million with BT.
They would be providing them with application maintenance and support services for their business critical BSS and OSS applications.
The company added that these services would be delivered by their state-of-the-art [...]
