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The boards of Satyam Computer Services Ltd and Tech Mahindra Ltd, IT services providers of the Mahindra group, approved the merger of two companies, according to TV reports. The exchange ratio for the merger was pegged at 2:17 ratio i.e. 2 shares of Tech Mahindra will be given for...
Tech Mahindra had acquired Satyam Computer Services Limited in April 2009, a few months after Satyam was rattled byIndia’s biggest corporate fraud. Satyam was subsequently re-named Mahindra Satyam. Satyam’s reconstituted borad of directors had chosen Tech Mahindra following its bid of Rs 1,757 crore for 31 per cent stake...
Bangalore: B S Yeddyurappa is expected to arrive in Delhi later today from Bangalore to meet with his party’s top leaders. He is likely, say sources in the BJP, to return to Karnataka as chief minister. In July last year, he was forced to quit office after a report...
Mumbai: The Indian rupee dropped to two-week low by slipping 31 paise to 50.70 against the dollar in the late morning trade on sustained demand for the American currency from banks and importers. The rupee resumed lower at 50.50/51 per dollar at the Interbank Foreign Exchange (Forex) market as...
By Nitya Chakraborty BRICS summit in New Delhi on March 28 and 29, 2012 will be very business like this time and India will like to get some concrete proposals approved for working on a joint strategy in dealing with the issues of trade and business cooperation among the...
Differences between Congress and its UPA partners came to the fore yet again on Wednesday with the Trinamool Congress saying allies should be consulted before any “far-reaching” decisions are taken by the government. TMC leader Kalyan Banerjee told reporters outside Parliament that his party chief has Mamta Banerjee already...
Chennai: Jayalalithaa-led AIADMK on Wednesday retained the Sankarankoil (SC) Assembly constituency, with party nominee S Muthuselvi defeating DMK candidate Jawahar Suryakumar by a massive margin of 68,744 votes. Ms. Muthuslevi polled 94,964 votes against Mr. Suryakumar’s 26,220. Vaiko-led MDMK’s Sadan Thirumalai Kumar polled just 20,675 votes while DMDK’s Muthukumar was...
BHUBANESWAR: The Maoists today offered to release one of the two Italians held captive by them if two of their demands, including release of some rebels, were met, as the Odisha government asked its mediators to contact their counterparts chosen by the captors. “One of the Italians taken hostage...
CHENNAI: The ruling AIADMK in Tamil Nadu is all set to retain Sankarankoil (SC) assembly seat with its candidate S Muthuselvi setting up an unassailable lead of 46,189 votes at the end of 18th round of counting. The byelection held on March 18 witnessed a high voter turnout of...
Bangalore: In a major setback for the BJP and Karnataka Chief Minister DV Sadananda Gowda on Wednesday, K Jayaprakash Hegde of Congress beat V Sunil Kumar of BJP by huge margin of over 40,000 votes in the bypoll of Udupi-Chikmagalur Lok Sabha seat. Hegde secured 3,98,723 votes as against...