Indian software-services provider Tech Mahindra Ltd reported a three-fold rise in quarterly profit, beating market estimates, after its unit Mahindra Satyam swung to a better-than-expected profit.

Co

Shares of IT firm Mahindra Satyam on Friday soared nearly 8 per cent in the morning trade as the company reported net profit of Rs 534.21 crore for the fourth quarter ended March 31, 2012.

After a sm

The merger of Mahindra Satyam and Tech Mahindra will take between eight and nine months to complete, said Mahindra Satyam CEO C.P. Gurnani here on Tuesday.

The annual general meetings (AGMs) of the t

Mahindra Satyam will invest USD 240 million globally to set up infrastructure and support services for its clients over the next three years, top company official said here on Thursday.

"Fifty per ce

Mahindra Satyam seems to be winning back the faith of foreign investors as their holding in it has crossed 20 per cent mark for the first time since it was hit by the accounting scandal, considered th

Software services company Mahindra Satyam agreed to merge with its parent Tech Mahindra Ltd, the two companies said in separate statements on Wednesday.

Shareholders will get one share of Tech Mahind

Mahindra Satyam will acquire a minority stake in Dion Global Solutions, a specialist provider of software products and solutions for capital market.

In a joint statement, the companies today said tha

Shares of IT firm Mahindra Satyam on Thursday jumped over 5 per cent in early trade on the company's robust third quarter earnings.

Helped by the smart results, shares of the company opened on a bull

IT firm Mahindra Satyam on Wednesday reported a whopping four-fold increase in profit after tax to Rs 308 crore for the quarter ended on December 31.

The company's consolidated revenue stood at Rs 1,

Following the effective turnaround of the fraud-hit Satyam Computer into a successful business venture, Mahindra Satyam believes that it is high time for the the former auditors, management and owne