Why satyam share increasing

Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Bourses ask members not to allow Ramalinga Raju family to trade in markets BSE and NSE have asked trading members to ensure that eight entities including family members of the company's founder B Ramalinga Raju are not allowed to trade. Sensex stages strong pullback to end at 27, Merger enriches Tech Mahindra while Satyam fades into oblivion Many felt the Mahindras, who acquired Satyam for Rs 2, crore in April , got a company of Satyam's size dirt cheap just because of the scam.

Satyam verdict: Raju gets 7 years in jail, slapped Rs 5 cr fine for corporate fraud The scam surfaced in , after Raju confessed to manipulating his company's account books and inflating profits over many years. All News Videos Photos. Expect markets to react significantly to US fiscal decision: Sharmila Joshi, Peerless Securities The markets are so delicately poised that you could see them swing either way and we do not really see any deal coming through. Mahindra Satyam shares rise over 3 pc on strong Q2 numbers Mahindra Satyam posted an over fold rise in profit after tax PAT to Rs crore for the July-September quarter of the current fiscal.

Wait and watch for Mahindra Satyam: Prakash Diwan Mahindra Satyam is somewhere lost in terms of clarity except for some of the verticals that it has. I-T dept slaps tax demand of Rs 2, cr on Mahindra Satyam MSatyam has been seeking return, adjustment of taxes paid on inflated income when founder Ramalinga Raju was the chairman of the IT company. Mahindra Satyam posts Q4 net loss of Rs cr Mahindra Satyam said it incurred fourth quarter loss of Rs crore, compared to Rs Let's reshape it today.

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Market Moguls. Expert Views. Technicals Technical Chart. If Tech Mahindra did seek another issue of new Satyam stock, it would dilute existing shareholders equity. Officials at Tech Mahindra, based in western Indian city of Pune, were not immediately available to comment on the offer. Brokerage Religare said while the challenges of integration, growth revival and potential liabilities remained, near-term sentiment would remain positive on the Tech Mahindra stock due to the better-than-expected Satyam financials.

It rates the Tech Mahindra stock at hold with a target price of rupees. The stock has more than doubled since winning the bid for Satyam on Apr.