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May 13, 2009

Bad news for satyam, top officials leaving satyam O ...

Tech Mahindra, the new owner of the fraud-hit IT major, has prescribed a $200-million cost-cutting pill to get Satyam back to financial health.Tech Mahindra would place its cost-cutting measures, which includes a three phased layoff plan, before the Satyam board on May 15 for approval.Satyam went through such a bad phase,they are formally announcing their layoff plan.The new management is ...
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March 19, 2009

Tech Mahindra to acquire Sloka Telecom – a Ba ...

IT services major Tech Mahindra is in final stages of discussions to acquire Bangalore based niche telecom solutions startup company Sloka Telecom. According to reports the 2004 established tech start-up, Sloka Telecom, may be acquired for Rs 30-35 crore. However the final confirmation is yet to be coming from players. Sloka Telecom provides solutions in the areas of fixed WiMax, Mobile WiMax ...
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January 6, 2009

Tech Mahindra offers merger with Satyam

According to reports Tech Mahindra, a Mahindra & Mahindra group company, is understood to have approached Satyam Computer Services, India’s fourth-largest IT services company, for a cashless merger, according to a person close to the development. If the transaction goes through, it will involve Tech Mahindra merging into Satyam, creating the third-largest IT company in the country. The management control of ...
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