INFO-TECH
OUTSOURCING
vCustomer opens Pune centre
PUNE: vCustomer, the US-based BPO, contact centre and technical support services, which has its three processing centres in New Delhi, has opened its fourth centre in Pune. The facility, spread across 60,000 sq ft is expected to employ ...
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TELECOMMUNICATIONS
Kejian launches GSM handsets
FOLLOWING the encouraging response to Bird, another Chinese mobile handset manufacturer, Kejian, on Tuesday announced its entry into the Indian market with the launch of four GSM (Global System for Mobile) mobile handsets, including an ...
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INSIGHT
India-US BPO spat — Answer may lie in FTA
With rising interdependence between the US and India, the BPO spat is turning out to be a hurdle in furthering economic relations. In this context, entering into an FTA would help bring the countries closer and result in two-way gains.
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FINANCIAL PERFORMANCE
Aztec net at Rs 2.18 cr
AZTEC Software and Technology Services announced on Tuesday a net profit of Rs 2.18 crore for the year ended March 31, 2004 as compared to net loss of Rs 6.18 crore in the previous year. The company posted a turnover of Rs 41.40 crore (Rs Rs ...
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HARDWARE
Intel in talks with vendors for home PC applications
INTEL Corp is planning to launch a slew of products that promise to make your home computer an entertainment, education and communication tool. In its effort to converge different applications on a single, more effective platform, Intel has set ...
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Canon bets big on Shanghai copier unit
VOLUMES might be currently low, but this does not mean that the Chinese market should not be taken care of. This seems to be what Canon Inc is betting on with its new plant in Suzhou near Shanghai. Mr Tetsuro Tahara, Chairman of the Board and ...
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SOFTWARE
Infosys to add 10,000; hike capex
INFOSYS Technologies expects to sustain its hiring momentum in the current fiscal. The company plans to add about 10,000 people during the year, said Ms Hema Ravichandar, Senior Vice-President (Human Resources). Last fiscal, the company added ...
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Cognizant announces two-for-one stock split
COGNIZANT Technology Solutions Corporation today announced that its Board of Directors has declared a two-for-one stock split on its capital stock in the form of a stock dividend. This is subject to stockholder approval of an increase in the ...
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NRI to take 10 pc stake in iTwine Tech
MR Srini Srinivas, a US-based NRI and CEO of System Studies and Simulation, Inc. of US, has agreed to pick up a 10 per cent stake in the Rs 92.8 lakh equity capital of iTwine Technologies Pvt Ltd, a Bangalore-based software development company. ...
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BROADBAND
Bharti Infotel bullish on broadband data space
BHARTI Infotel Ltd is bullish on the customised broadband value-added services and enterprise data applications business and expects a significant push from banking and financial services, IT, ITES and the enterprise segments. The Chief ...
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IT-ENABLED SERVICES
Hughes Escorts Comm into consumer services
HUGHES Escorts Communications Ltd (HECL) today announced its foray into the consumer services sector and said that it was targeting revenue of Rs 100 crore over the next three years. HECL has tied up with Standard Chartered Bank, mobile service ...
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BONUS ANNOUNCEMENTS
Infosys sets 3:1 bonus; fires market
INFOSYS Technologies, buoyed by topping $1 billion sales, announced three bonus shares for every share held and a special dividend of Rs 100 per share. The unexpected sops coupled with a guidance that was in line with market expectation, lifted ...
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Shareholders, employees thrilled at `Billion Dollar Day' gift
A person, who invested Rs 95 per share, when the software firm went public in 1993, would have seen his share value exceed Rs 80,000 in just a decade. The company has issued four bonuses till now.
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Infosys: Bonus points for taking the stock
IN a striking vote of confidence, Infosys Technologies has announced a 3:1 bonus and a special one-time dividend of Rs 100 per share. By announcing this in a year in which it crossed a historic milestone of $1 billion in revenues, the Infosys ...
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OUTLOOK
Strong rupee to shave one pc off margins
A STRONG rupee is likely to shave 100 basis points off Infosys Technologies' operating margins for the current financial year, Chief Financial Officer, Mr. T V Mohandas Pai, has said. A hard rupee eats into the company's revenue as it erodes ...
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