• Satyam Computer Services to be merged with Tech Mahindra

  More than three years after Indian outsourcer Satyam Computer Services was hit by a financial scandal, the company is being merged with Tech Mahindra, a key investor in the company after the crisis.

• Satyam sets up testing center for MasterCard

  Satyam Computer Services is setting up a business applications testing center in Kuala Lumpur, Malaysia, for payments company MasterCard, reflecting a growing interest among customers to sign up new business with the Indian outsourcer as it recovers from a financial scandal.

• Satyam returns to loss because of U.S. settlement

  Indian outsourcer Satyam Computer Services went into loss again in the quarter ended March 31, after the company took a charge to settle a class-action lawsuit in the U.S., the company said Monday.

• Satyam will pay US$10M to settle US fraud charges

  Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the U.S. Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC said.

• Satyam says it is being taxed for fictional income

  Outsourcer Satyam Computer Services has challenged in a court in India a demand for rupees 6.16 billion (US$134 million) from India’s Income Tax Department, adding a new twist to the problems at the troubled company.

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