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SATYAM BT
Tech Mahindra likely to see 3% growth in salesTech Mahindra is expected to post about 3% sequential growth in sales during the July-September period aided by revenues from Satyam.- Tech Mahindra-Mahindra Satyam may maintain 2 business armsThe merged Tech M-Mahindra Satyam could maintain two biz arms to ensure that both these services that contribute billion dollars each & do ...
- Mahindra Satyam-Tech Mahindra merger will create value for shareholdersExisting shareholders of Satyam will get two shares of Tech Mahindra. The combined entity will generate more value for shareholders.
- Tech Mahindra: Diversified client profile, Satyam synergy to helpIn dollar terms, earnings continued to show a negative trend and lag behind larger peers. Its bottom line grew 6% to Rs 147 crore.
- BT Group to wait for Tech Mahindra-Satyam merger before stake saleUK telecom major BT Group Plc has put plans to sell its stake in Tech Mahindra on hold ahead of the IT firm's merger with Mahindra Satyam.
- BT Group to exit from Tech Mahindra, directors resignBT Group owns a little over 23% equity in Tech Mahindra and contributes 37% to company's revenue.
- Tech Mahindra Q2 net profit up 60% to Rs 240 croreThe company expects a sustained growth momentum in its non-BT business and added 807 employees in the second quarter.
- BT to stay invested in Tech MahindraBT has a 24.4% shareholding in Tech Mahindra. There were speculations that BT may exit in view of likely merger of Mahindra Satyam and Tech...
- Prefer TCS or HCL Tech to Tech Mahindra: ICICI Directwe would prefer TCS and HCL Tech in the IT space to Tech Mahindra. We have a target price of Rs 750 but, there's hardly any upside left fro...
- Global PE firms seen keen on acquiring BT's stake in Tech MahindraUK telecom major British Telecom, one of the original promoters of Tech Mahindra, has re-initiated discussions to sell its stake in the fir...
- Satyam, TechM merger on cardsThe Mahindra Group, the new owner of Satyam Computer Services and the largest shareholder in Tech Mahindra, intends to merge the two compan...
- TechM board to meet today to finalise resultsThe board of Pune-based IT services company Tech Mahindra will meet in Hyderabad on Monday to finalise the annual results for FY09.
- HCL ex-honchos to steer Satyam ComputerWith Vineet Nayyar, CP Gurnani, Sanjay Kalra and Ulhas Yargop joining the Satyam board, the stage is now set for a battle of strategies bet...
- Tech Mahindra posing challenge to TCS, Infosys, Wipro, HCLTech Mahindra will emerge as the most important player in telecom and auto verticals posing challenge to TCS, Infy, Wipro and HCL. Satyam: ...
- Tough task ahead for Tech Mahindra post Satyam buyoutThe factors that could make this integration a complex task is Tech Mahindra's lack of experience in most of Satyam's biz. Mynampati likely...
- Satyam clients cross fingers, keep eyes openSatyam's customers seem to be cautiously optimistic after Tech Mahindra placed the highest bid for Satyam on Monday.
- Lack of enough financial data hits Satyam valuationAn announcement on the successful bidder that is expected on Monday will effectively close the lid on Satyam, which was once India’s fourth...
- BT raises concerns over Satyam suitsBT’s concern apparently stems from the fact that it is a US-listed company and will have to explain the Satyam deal and attendant class act...
- Tech Mahindra may tap PE firm for Satyam bidIf Tech Mahindra finally chooses to bid for Satyam jointly with a PE, it will float an SPV wherein the PE investor will hold equity. Funnie...
- In Satyam's case, merger's more likely than acquisitionI-banking sources say merger with Satyam of a large IT company looks more feasible than an outright acquisition by a multinational IT firm.
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