Tech Mahindra, an M&M-promoted company, has notified that it has successfully raised Rs 600 crore of debt through issuance of bonds.

The company said that it has allotted 6,000 non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 600 crore on April 17.

Recently, Tech Mahindra through its arm Venturbay Consultants, won the race to acquire controlling stake in scam-hit Satyam Computer. The company has to pay Rs 1,756 crore by April 21, for acquisition of a 31 per cent stake in the company.

According to Economic Times' reports, Kiran Karnik, the government-appointed Chairman of the scandal-ridden Satyam Computer Services said that up to 10 percent of the company's 48,000-strong workforce might be rendered redundant, as the founder had hired excessive staff to conceal the monetary scam at the firm.

The proposed move of downsizing the staff comes after mid-sized outsourcer Tech Mahindra Ltd - the highest bidder of this week's bid for a controlling stake in the Satyam Computer - took over the company.

Finally, shooting for Kamal Haasan’s next movie has started at Ramoji Rao Film City, Hyderabad.

However, the title of the film has changed to ‘Unnaipol Oruvan’ from ‘Thalaivan Irukkiraan’. The film will be bilingual in Tamil and Telugu.

Unnaipol Oruvan is a remake of Neeraj Pandey’s directed critically acclaimed Hindi small budget film ‘A Wednesday’.

Chakri Toleti is directing the movie. Raajkamal International and U TV Motion Pictures will produce the film jointly.

Hyderabad, Apr. 10 : Congress General Secretary Rahul Gandhi is scheduled to address various rallies across the Andhra Pradesh on Friday and Saturday.

Andhra Pradesh is getting ready for the first phase of polling on April 16.

Rahul Gandhi will address public at Maylavaram in Krishna District and Wyra in Khammam District on Friday afternoon.

He will also try to generate public support by interacting with the masses at Devarakonda in Mahabubnagar District and Qutbullapur in Ranga Reddy District in the evening.

The commercialization of generic equivalents of Lanthanum Carbonate - Fosrenol(r) - tablets is on the cards, thanks to collaboration between the Mumbai-based pharma biggie, Lupin, and the Hyderabad-based integrated pharmaceutical and bulk chemicals' manufacturer, Natco Pharma.

Talking about the Lupin-Natco collaboration for Fosrenol(r), a Natco spokesperson said that the accord will help Natco battle a patent lawsuit recently filed by the Fosrenol(r) innovator - the UK-based firm, Shire Plc.

Hyderabad, Apr 9 : The Central Bureau of Investigation (CBI) on Thursday collected the specimen signatures of Satyam Computers Chairman B Ramalinga Raju and four other accused in connection with the 7,800 crore fraud at the IT major.

The CBI obtained 60 signatures each of B Ramalinga Raju, his brother Rama Raju, ex-Chief Financial Officer Vadlamani Srinivas and the two sacked auditors of PriceWaterhouse, S Gopalkrishnan and Talluri Srinivas, in the presence of the Additional Chief Metropolitan Magistrate.