Satyam Computer Services is presently trading at Rs 135.50 marginally up by 0.55 points or 0.41% from its previous closing of Rs 134.95 on the BSE.

Satyam Computer Services board has deferred its meeting to consider buy back to January 10, 2009. The meeting was previously scheduled for December 29, 2008.

World Bank rejected the IT Company, Satyam Computers’ request for an apology on the statement issued by the bank commanding an eight year ban on any business with the IT major.

Satyam Computer Services is presently trading at Rs 140 up by 5.05 points or 3.74% from its previous closing of Rs 134.95 on the BSE.

Satyam Computer Services on Thursday asked the World Bank to withdraw the statement about the Indian outsourcer which the company considered were inappropriate

Satyam Computer’s shares have bounced back sharply after previous day’s 30% cut.

Satyam Computer’s shares have gone up sharply by over 28% to Rs163 after the IT major decided to drop the anticipated acquisition of promoter group companies Maytas, which is Satyam spelt in reverse.

Satyam Computer Services that comprehended a deal to buy 51% stake in Maytas Infra and 100% stake in Maytas Properties aggregating Rs 7,680 crore has eventually surrendered to the institutional investors pressure and canceled plans to buy the stake in two companies.

Satyam Computer Services, Software major has won ‘Partner Innovation Award’ at the ‘Innovation World 2008′ conference carried out in Miami