MAHINDRA Satyam, an Indian IT services providing company, opened its new premises in the West Bay area of Doha on Thursday.

Rohit Gandhi, senior vice-president of Mahindra Satyam for Asia Pacific, India, Middle East & Africa, S Sankara Raman, senior vice-president and head of India, Middle East and Africa, Bobby Gupta vice-president and head of Middle East, North Africa and Turkey, and Sudhir Yannawar, regional manager, cut the ribbon to mark the occasion. Speaking to Qatar Tribune, Gandhi said that the office marked a new chapter in Mahindra Satyam’s relationship with Qatar and the region.

“With the large scale expansion and development projects taking place in the country, our company will be able to provide the much needed IT services and become part of the development process of the nation. We look forward to a healthy and long lasting relationship with our existing and future clients,” he said. He also said that the company was well set to provide the necessary infrastructure for any ITbased services. Gupta said that Mahindra Satyam served mainly the public sector companies. “At present we have 120 consultants in Qatar working for various organisations.

Our major clients are Aspire, new airport and Vodafone. We are primarily focused on government and healthcare organisations. Similarly we also work for energy and utility companies as well as educational organisations and manufacturing companies,” Gupta said. Sanjit Kumar, country manager, Ajayan Edasseri, programme manager, and Nelson Kulandairaj were also present on the occasion. Along with Mahindratech, another member of the Mahindra group operating in Qatar, Mahindra has around 200 employees in the country.own its investment banking operations. “Although this could have potentially positive implications over the longer term, the uncertainty surrounding such a change in direction is creditnegative in the short term,” said Moody’s, which lowered its outlook for the standalone bank’s financial strength to negative from stable.

Barclays was last month fined nearly half a billion dollars for its part in manipulating a key interest rate which underpins financial transactions worth an estimated $360 trillion. Reuters reported on Thursday that Britain’s financial regulator warned the entire Barclays’ board in February that the bank’s culture needed to change. S&P on Thursday lowered its outlook for Barclay’s long-term rating to negative from stable citing management upheaval and the strategic uncertainty currently facing the bank.