http://economictimes.indiatimes.com – The Mahindra group, the new owner of Satyam Computers and the largest shareholder in Tech Mahindra, is set to merge the two companies Mahindra Satyam after June next year to transform the combined entity into an Indian information and communication technology powerhouse. Read more »

http://itonlinejobs.blogspot.com – Satyam Computer Services Limited a global consulting and information technology services provider, today unveiled its new brand identity, ‘Mahindra Satyam’. This strategic move paves the way for the emergence of a robust brand, which draws from the core values of the Mahindra Group and the inherent strength of the Satyam brand. The logo will be adopted from the Mahindra Group. Read more »

http://www.breakingnewsonline.net – In a significant development, which sent shockwaves among the Satyam employees, their new owner Tech Mahindra has revealed that there are about 10,000 surplus employees in the company. Read more »

http://www.breakingnewsonline.net – The long wait is finally over. Tech Mahindra won the bid for Satyam, pipping L&T and Wilbur Ross in the race. Tech Mahindra got 31% stake in Satyam for a sum of Rs. 1,757 crore. The company will pay Rs. 58 per share. Earlier, BK Modi's Spice Corp had pulled out of the bidding process. Read more »

http://economictimes.indiatimes.com – The Central Bureau of Investigation (CBI) has arrested three top executives of Satyam Computer Services Ltd in connection with the Rs.78 billion accounting fraud. Read more »