Mahindra Satyam - News, Articles & Research

Company announcement

Mahindra Comviva payPlus is Visa Ready

Mahindra Comviva, the global leader in providing mobility solutions, today announced that its payPLUS mPOS platform has been approved by Visa for inclusion in the Visa Ready Program.

03 August 2015

Company announcement

Mahindra Comviva tops up payPlus with in-app and Web-based payments

Mahindra Comviva, the global leader in providing mobility solutions, today announced the launch of enhanced edition of payPLUS with a full blown omni-channel offering by enabling in app and web based payment acceptance capability to its product suite.

16 June 2015

Company announcement

Mahindra Comviva builds interoperability between Tanzanian telcos for mobile money exchange

Mahindra Comviva, the global leader in providing mobility solutions, announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania.

12 November 2014

News

Mahindra Comviva and First Data prep Indian mPOS rollout

India's Mahindra Comviva is partnering up with First Data to push its mPOS technology to the country's huge merchant community.

18 September 2014

News

Wipro snatches multi-million dollar PSB outsourcing contract from Satyam

India's Punjab and Sind Bank (PSB) has handed a $21 million ten-year IT integration project to Wipro after dissolving an earlier contract with Satyam Computer Services.

25 February 2010

News

Tech Mahindra wins Satyam bid

Tech Mahindra, an Indian IT firm part owned by BT, has won the bidding to buy a 51% stake in fraud-hit Satyam Computer Services for around $579 million.

14 April 2009

News

Merrill to shift outsourcing contracts from Satyam to Tata - Economic Times

Merrill Lynch is shifting a majority of its contracts from troubled Indian software firm Satyam Computer Services to rival Tata Consultancy Services, the Economic Times reports, citing "software industry sources familiar with the matter".

16 February 2009

News

NAB suspends Satyam outsourcing plans - The Australian

National Australia Bank is to put on hold plans to outsource more technology functions to troubled Indian IT services group Satyam.

05 February 2009

News

Satyam loses State Farm Insurance contract

Satyam Computer Services has had its IT outsourcing contract with US-based State Farm Insurance terminated in the wake of revelations about a $1 billion accounting fraud at the Indian firm.

19 January 2009

News

Wipro banned from World Bank contracts

The reputation of India's IT services industry took another blow today after it emerged that Wipro has been barred from working for the World Bank, less than a month after it was revealed Satyam Computer Services has been blacklisted by the institution.

12 January 2009

News

Satyam chief quits after admitting cooking the books

The founder and chairman of Indian outsourcer Satyam Computer Services, B Ramalinga Raju has resigned after admitting the company's profits have been falsely inflated for several years, leading to a $1 billion hole in the balance sheet.

07 January 2009

News

Upaid seeks deposition of Satyam executives

Mobile payments firm Upaid has requested depositions from Satyam executives regarding last week's aborted attempt by Satyam to buy up companies related to its chairman, Ramalinga Raju. Upaid claims this was an attempt to siphon cash out of the business in advance of a US Federal Court jury trial scheduled for June 2009, in which Upaid is seeking up to $1 billion in damages for fraud, forgery and breach of contract by the Indian IT giant.

22 December 2008