Satyam’s new owner likely to be known Monday

April 20th, 2009 HYDERABAD - Tech Mahindra, the new owner of scam-hit Satyam Computer Services, will announce an 'open offer' Tuesday to obtain an additional 20 percent stake in the software major, Satyam chairman Kiran Karnik said here Monday. Tech Mahindra, which deposited Rs.2,910 crore (Rs.29.1 billion) in an escrow account Monday for a 31 percent stake in Satyam, will see its total holding increase to 51 percent after the open offer.

July 1st, 2009 MELBOURNE - Tech Mahindra, the new owner of troubled Indian IT services firm Satyam, has for the first time confirmed its continued commitment to a 75 million dollars software development project in Geelong, Australia. There were grave concerns that the project would be axed after Satyam Computer Services founder and chairman, B.

January 11th, 2009 HYDERABAD - The members of the new board of the fraud-hit Satyam Computer Services have started getting pesky calls - from mediapersons, forcing them to request scribes not to call too often and allow the team to do its work. 'I must have got about 20 calls on my cell phone when the (board) meeting was on.

January 16th, 2009 HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju, his brother B.

January 22nd, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India's plea to record statements of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.

January 11th, 2009 HYDERABAD - The three-member board appointed by the central government to bring back financial order to the fraud-hit Satyam Computer Services began its meeting here Monday. A Satyam spokesperson said the meeting began at the company's headquarters in Hitec City at 11 a.m.

September 14th, 2009 Yahoo sees $150M windfall from Alibaba.com saleSUNNYVALE, Calif. — Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com.

January 16th, 2009 HYDERABAD - A court here Saturday remanded disgraced Satyam Computer Services founder B. Ramalinga Raju, his brother B.

January 8th, 2009 BHUBANESWAR - The Orissa government will re-examine the application for land that the scam-tainted IT bellwether Satyam Computer wants for setting up a new unit in the state, a senior official said here Friday. The company sought land to set up a business process outsourcing unit, information technology department P.K.

April 13th, 2009 MUMBAI - Tech Mahindra, the IT arm of auto major Mahindra and Mahindra, Monday won the bid for India's fourth largest software exporter Satyam Computer. Satyam's new board of directors, which met here to select the highest bidder, chose Tech Mahindra following its bid of Rs.1,757 crore ($351.4 million) for 31 percent stake in the scam-tainted IT giant.

July 20th, 2009 Suit accuses Mavericks owner of diverting profitsDALLAS — Dallas Mavericks owner Mark Cuban is accused of wrongfully diverting millions of dollars from the NBA franchise's home arena to help make up for cash shortfalls incurred by the team, according to a lawsuit filed by a company controlled by the team's former owner. The lawsuit claims Cuban covered the Mavericks' financial shortfalls by obtaining more than $29 million in unauthorized loans through a limited partnership designed to distribute profits from the arena, the American Airlines Center.

January 8th, 2009 HYDERABAD - Disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju surrendered before the Andhra Pradesh police chief Friday night.

August 18th, 2009 TechTarget loses $543K in second quarterNEEDHAM, Mass. — TechTarget Inc.

January 14th, 2009 KOLKATA - India's largest bank, the State Bank of India (SBI), has decided to retain its contract with scam-tainted information technology (IT) firm Satyam Computer Services for maintaining its Internet banking services, a top bank official said here Thursday. 'We are not at all thinking of changing Satyam as our vendor for Internet banking services.

January 9th, 2009 HYDERABAD - In the third arrest in the Satyam Computer Services scam, the former chief financial officer (CFO) of the IT bellwether Vadlamani Srinivas was held by Andhra Pradesh police Saturday night in connection with the Rs.70 billion fraud. Srinivas was very close to the company's founder chairman B.