Tech Mahindra has won the bid for Satyam Computer Services. The long-drawn race finally drew to a close as it was confirmed that Tech Mahindra bid for Satyam at Rs 58 per share, while Larsen & Toubro, the other player in the fray, bid at Rs 49.50 per share.
Tech Mahindra’s formalities
Tech Mahindra will [...]

Central Bureau of Investigation did what state CID police could not do – finding out the secret files of Satyam brothers Ramalinga Raju and Rama Raju.
According to sources, the CBI detected that Raju brothers had some secret documents and statistics stored in their personal computers in their MyHome apartments at [...]

Kiran Karnik, Chairman of the Satyam board, said a ‘couple of clients’ concerned over the troubled tech company’s long-term stability have moved on.
“There is greater comfort, stability among clients now,” Karnik, however, said, adding that they were not worried over contract execution.
Hyderabad-based Satyam Computer Services, earlier touted as the country’s [...]

Believe it or not, tainted ex-chairman of Satyam Computers B Ramalinga Raju spent Rs 25 crore for the studies of Lokesh Naidu, son of Telugu Desam president N Chandrababu Naidu between 1999 and 2001.
This startling revelation was made by none other than Naidu’s erstwhile computer boy P N V Prasad, who [...]

On the subject of Raju, one cannot help but mention this bit. Members of the Raju clan, though expressing loyalty towards Ramalinga Raju, have a few monetary concerns that his stay is jail is causing them. Well, it doesn’t have to do with some money that the Satyam founder owed to [...]

As prospective bidders for crisis-ridden Satyam Computer Services start lining up, industrialist BK Modi’s Spice Communication joined the fray to buy out the troubled IT firm.
Modi, however, made it clear that the telecom group would be interested in buying out Satyam and that it was not looking at a piecemeal acquisition. He added [...]

The ex-Satyam Computers CEO, Mr Ramalinga Raju, has not had any visits from his wife, Mrs Nandini Raju, since he was put behind bars.
Though his son, Mr Teja Raju, has been a regular visitor to the Chanchalguda prison, Mr Ramalinga Raju has reportedly told his wife strictly not to visit him in [...]

HYDERABAD: A city court on Wednesday dismissed the bail applications of Satyam’s disgraced founder Ramalinga Raju, former managing director Rama Raju and former CFO Vadlamani Srinivas.
The 6th additional chief metropolitan magistrate also posted for tomorrow, hearing on separate petitions relating to the bail and police custody of SRSR Holding general manager [...]

Apparently perturbed over pressures from the Centre over Satyam fraud issue, Chief Minister Dr Y S Rajasekhara Reddy told the Prime Minister that the issue could be entrusted to the CBI, if necessary.
In a letter to Dr Manmohan Singh, the Chief Minister expressed anguish over the way even Central agencies are [...]

NEW DELHI / MUMBAI: Hidden under layers of dust and grime at a non-descript income tax office in Hyderabad, a can of worms in the Satyam saga is waiting to explode. A six-year old report, buried in a labyrinth of files, maps out an intricate web of companies and ‘benami’ — [...]