The Hindu Business Line : Mahindra Satyam, Saab in pact

Mahindra Satyam will partner with Sweden-based Saab to develop the latter’s operations in India for the global defence and homeland security market. The two companies have initiated the establishment of a Centre of Excellence for Network Centric Warfare, which will offer skills and a repository of tools, systems, middleware, integration platforms and system showcases in the field of NCW. Financial details of the deal were not disclosed. The Satyam stock was down by 3 .18 per cent to close at Rs 98.95 on the BSE on Tuesday.

— Our Bureau

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