IT firm Mahindra Satyam said it received an order from Insurance Regulatory and Development Authority (IRDA) to implement software solution to manage accounts and payroll related services. No financial details were provided.
The company will implement business software which will help IRDA to cut cost and help to manage payrolls, self-service portals, accounts and provide post implementation support, Mahindra Satyam (earlier known as Satyam Computers) said in a filing to the Bombay Stock Exchange (BSE).
On Thursday, Mahindra Satyam declined 2.7% to Rs86 on the BSE, while the benchmark Sensex closed 1.4% down at 20,589 points.
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