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According to the latest news, Tech Mahindra has been officially approached World Bank to lift the eight year ban on the scam-hit IT services firm Satyam Computers.
Last September, Satyam Computers was blacklisted and a month later the software firm denied reports that its contractors had installed spy software on World Bank computers.
According to the Vice-chairman, TechM, we wrote to the bank a few weeks ago. But don't expect an immediate response as these things take time but we disagree with the claims they have made.
The new owner confirms that it will remain committed for developing a $75 million IT facility in Geelong and will also continue to service Telstra despite losing a $30 million-plus contract.
TechM’s public offer to acquire an additional stake in Mahindra Satyam ended on 1st July, but the company said, the final numbers of shares tendered and accepted in the public offer would be announced on July 8.
Vinod Negi/ITvoir Network |
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