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Tech Mahindra bags Satyam, top bidder at Rs 58 a share
To acquire 31% for Rs 1,756 cr; another 20% through open offer. Mumbai, April 13 In a little over 100 days of Ramalinga Raju’s admission of a massive fraud in Satyam Computer Services, the Hyderabad-based company on Wednesday found itself ...
‘Challenge is to instil confidence in clients’
Tech Mahindra will try to retain the entire workforce. Mumbai, April 13 Tech Mahindra, which has emerged the highest bidder for Satyam Computers, is confident about turning the company around and retaining the entire workforce even if it meant ...
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Ending uncertainty: The S...
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Demat accounts move into slow motion now
DIM IPO SCENE. Mumbai April 13 Demat accounts in the January-March 2009 quarter has risen at only half the rate they did in the October-December 2008 quarter. Not only that, the growth rate for every month of the quarter has dipped ...
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It’s a steal: Hinduja CFO
New Delhi, April 13 The Hinduja Group, which had pulled out of the race for Satyam just ahead of the submission of Expressions of Interest, has termed the Rs 58 a share price tag for Satyam, a “good deal” and ...
Why the wide divergence in Satyam bid prices
Mumbai, April 13 The wide variation in the bid prices submitted by the three contenders for Satyam Computer Services has set off a debate on whether this could be due to the several “unknowns” with respect to Satyam (whose ...
SEBI board to seek legal opinion in NSDL case
New Delhi, April 13 The SEBI Board, which met here today, is divided on whether a committee appointed by it has exceeded the brief in the National Securities Depository Ltd (NSDL) ...
Why L&T could not bid higher for Satyam
‘Existing shareholding restricted flexibility to quote higher price’. Mumbai, April 13 Larsen & Toubro was generally perceived as the hot favourite when the bidding process for Satyam Computer Services entered its last lap. After ...
Reasonable price, but business concerns remain
Lower-margin biz, headcount pose challenges for Tech Mahindra. Tech Mahindra’s (through Venturbay Consultants) winning bid of Rs 58 a share for Satyam Computer Services, bestows it control over a diverse IT services company with a client ...
Challenges before Tech Mahindra
Hyderabad, April 13 It’s now just a formality before Tech Mahindra takes over the reins of the fraud-hit Satyam Computer Services. But embracing Satyam into its fold is not going to be an easy task for ...
Perspective on deal value
With details on Satyam Computer’s revenues and margins still elusive, it is difficult to comment on the valuation at which Tech Mahindra has bought the software giant. Nevertheless, here are a few numbers that may offer perspective on ...
Uncertainty ends for Satyam staffers
Hyderabad, April 13 For thousands of employees at Satyam Computer Services, it is the end of the suspense and uncertainty that marked three turbulent months at the ...
Rating agencies, banks differ over loan defaults
As Basel II norms on capital adequacy for banks kick in. Mumbai, April 13 Bank loan rating, as per Basel II norms, is proving to be a bone of contention between rating agencies and banks. While credit rating agencies do not brook even a ...
India’s speculative imports support global vegetable oil market
Why is India importing vegetable oils like nobodys business? At a time when rabi oilseed crops have fared much better than they did last year and summer season (when seasonally cooking oil use declines) is upon us, inflows of various oils ...
China, the Brahmaputra and India
China’s attempt to divert the Brahmaputra has reared its head again. The Chinese are apparently eyeing about 40 billion cubic metres, out of the annual average inflow of 71.4 billion, of the Brahmaputra’s waters. The river ...
Age cannot wither him, nor custom stale his infinite experiences
On the campaign trail with Mr L. K. Advani. Coimbatore/Thiruvananthapuram/Raipur: Star campaigners of different political parties, ranging from Ms Sonia Gandhi to Ms Mayawati to Mr Prakash Karat, may have many special skills and qualities but ...
‘Performance makes it favourable for Nitish’
Patna: Bihar is one of the larger States with 40 Lok Sabha seats and has seen a lot of political churning and realignment with Rashtriya Janata Dal and the Lok Janshakti Party leaving the United Progressive ...
Satyam: Govt heaves a sigh of relief
New Delhi, April 13 Considerably restrained is perhaps the best way to describe the atmosphere in the Ministry for Corporate Affairs today, thanks to the model code of conduct in operation. But even as the action shifted to Mumbai and the ...
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