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Old 13th April 2009, 19:24   #466
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Quote:
Originally Posted by hillram View Post
Thanks to everyone's support..we Satyamites have stood this storm with determination and solidarity.
With Tech Mahindra taking over Satyam..It is a moment to reckon.
My last 10 years have been with Satyam and feel proud for this company having grown up with it.
Im hoping tech Mahindra will bring all the uncertainities and anxiety we have had for last 3 months and we will enter a new era of Indian IT Industry.
Thats a pride statement hillram.

Today was indeed special and I hope the company will soon start bagging new projects and there will no layoffs as well.
Something to really cheer for. Jan/Feb was really a tough time atleast for me personally.

Abhi
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Old 13th April 2009, 19:44   #467
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Satyam Mahindram Sundaram !

All the best Satyamites
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Old 13th April 2009, 19:55   #468
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+1 to that. I am happy that most of us decided to stick and see through the crisis.

OT: Do Mahindra employees get discounts on their products ?

Time to change your handle to Mission_Scorpio

good news guys
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Old 13th April 2009, 21:05   #469
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Lucky Guys Satyamites ! Congratulations.

The government went over backwards on this one, the Company Law Board, Finance Ministry, Deepak Parekh, Kiran Karnik and everyone associated with the transfer of control of Satyam.

Great Job.
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Old 14th April 2009, 01:55   #470
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Welcome to Tech M. It will be most interesting to see how the management works on ensuring there is positive synergy between the two companies.

OT: I believe there is indeed some discount for Mahindra Employees.
Quote:
Originally Posted by Mission_Safari View Post
+1 to that. I am happy that most of us decided to stick and see through the crisis.

OT: Do Mahindra employees get discounts on their products ?
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Old 14th April 2009, 15:02   #471
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Originally Posted by bottle View Post
Time to change your handle to Mission_Scorpio

good news guys
Yes, they do especially if you are from M&M or MIL, I am not sure about other companies.

Also, I heard cars coming out of production lines which have minor problems which can rectified easily, will be offered at a discount. Also such cars are not always bought by the employees and some times such cars are auctioned off, so we can not exactly say how much discount. There was a Bolero which went off for 70K less, as the paint was poorly done up and front bumper not aligned in 2007. But after that I never got to hear of some thing like though.

Quote:
Originally Posted by brijwhiz View Post
....
OT: I believe there is indeed some discount for Mahindra Employees.
Discounts to their employees are normally given when the discounts are announced to general public but employees of mahindra get better discount than the general public(they might be sold at ex-factory price including the duties).

e.g. Logan( I am not sure whether it was petrol or diesel) had a discount of 80K to general public while for the employees it was around 120K.

Last edited by kkr2k2 : 14th April 2009 at 15:09.
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Old 17th April 2009, 17:12   #472
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Why the thief confessed when he did.
Ex-insider blew the lid off Satyam scam- Software-Infotech-The Economic Times
He had to.
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Old 22nd April 2009, 16:02   #473
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pasting a quote from an article in the Economic Times online edition. LINK

"The change in ownership at Satyam comes after its disgraced founder B Ramalinga Raju admitted to perpetrating a Rs 7,000 financial fraud. "


If only it was a Rs 7000.00 fraud, lol.
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Old 22nd April 2009, 16:16   #474
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Gees, 7K is not a big amount! I'll bail him out.Now where is he?
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Old 22nd April 2009, 18:50   #475
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Quote:
Originally Posted by prince_pervez View Post
Gees, 7K is not a big amount! I'll bail him out.Now where is he?
@ Central Jail in Chanchalguda, Hyderabad. Use Google maps to find your way there.

Click some pictures for us.
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Old 15th May 2009, 20:15   #476
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Exclamation Satyam Computers - Again under spotlight

It's not looking good again to see the news on Satyam Computers. It is really hard to see a single person's mistake affecting the entire company with over 14,000 people jobs in Danger.

Just reading an article in the online news paper and got shocked as the article claims satyam may loose over 14000 jobs in the near future.

Here is the link:
Satyam may lay off over 12,000 employees

This article seems to be fresh and dated today.

TBHPians, lets support satyamites to secure a career. If not lets talk about the alternative ideas for such job cuts and possible opportunities to the people who lose their jobs
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Old 15th May 2009, 20:34   #477
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I read it today. It is very bad!!

I do not feel safe in IT industry. I hope that IT would become normal soon. May Allah take care of all of us.
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Old 15th May 2009, 20:40   #478
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I dont trust TechM at all, they were very brutal in laying off their own employees in 2001, post that my college never allowed TechM again for campus.

I think these folks were just waiting for elections to get over to start cutting jobs.
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Old 15th May 2009, 20:52   #479
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Yeah, I think so. I remember one of my friend also predicting on the same lines as the ruling government requested the companies to withhold their plans for layoff till the elections. I hoped it was a rumor, but now I'm thinking my friend may be correct.
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Old 25th May 2009, 09:36   #480
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Damn, it is out in the open. TechM announced Satyam is overstaffed by 10,000. First to go would be non-billable resources (Marketing, HR, Admin).

Source: Economic Times

Feeling really bad. I myself, being in Marketing, barely escaped a purge in my company by shifting roles to another profitable group within the company. I can empathize with the people at risk over there.

This is not good.
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