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Satyam Computer Services Ltd., which abandoned a $1.6 billion bid to buy companies linked to its chairman, gained in Mumbai trading after a report that Tech Mahindra Ltd. has proposed an all-stock merger.

Shares in Satyam Computer Services Ltd (SATY.BO) could jump 20-30 percent on Monday after the government stepped in to appoint a three-man board in a bid to restore confidence in the outsourcing company rocked by the country's biggest corporate scandal.

Shares in Satyam Computer Services Ltd (SATY.BO) could jump 20-30 percent on Monday after the government stepped in to appoint a three-man board in a bid to restore confidence in the outsourcing company rocked by the country's biggest corporate scandal.

Satyam Computer Services is speaking to its top 100 clients individually, and has received expressions of support from key customers, its interim CEO said on Thursday.

Some of the big names in corporate India are believed to be in talks with some leading private equity funds to team up to acquire a strategic stake in Satyam Computer Services

Disgraced former chairman of Satyam Computer Services [Get Quote] B Ramalinga Raju late Friday evening surrendered before Andhra Pradesh's Director General of Police S S P Yadav, according to a police spokesperson.

Disgraced former chairman of Satyam Computer Services B Ramalinga Raju and his brother were arrested late Friday night, two days after making a startling disclosure of about Rs 7,800 crore financial fraud in the IT company.

KPMG, which audits the accounts of IT majors like Infosys and Wipro, on Friday doubted the veracity of the confessional letter written by B Ramalinga Raju, the founder-chairman of Satyam Computer, saying the financial bungling cannot be done only by the head of the Hyderabad-based firm.

Investors have lost a whopping Rs 13,600 crore ($2.82 billion) in Satyam [Get Quote] shares in less than a month, since the skeletons started tumbling out of the company's cupboards.