The rapidly with Which the stock market has marked up the price of Satyam Computer after it’s Provisional Financials were revealed.
Satyam Computer’s cheered the markets by announcing revenues of over Rs. 2000 Crore and profit of Rs. 181 Crore for the October and December quarter.
The Government can take credit of having salvaged a company hit by one of India’s Biggest Corporate scams, in nearly four months.
Tech Mahindra has reason to cheer as they may benefit by receiving a preferential allotment of shares at a discount to the market Price. Not only has bagged a large- sized software company at a valuation of less than one time its annual revenue, the investors has already appreciated 38 per cent over its cost price.
The Indian IT Firm on Thursday announced that up to 10,000 employees or about a fourth of the staff , will join a virtual pool.
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