More offers for TCS, Tata Sons staff post-IPO
APART from 10 per cent of TCS' initial public offer (IPO) being reserved for its employees, there are two other offers for employees of TCS and of Tata Sons, which together could amount up to Rs 305 crore in the financial year 2005. The ...
TCS to sell stake in BPO venture to HDFC
TATA Consultancy Services has reached an agreement with HDFC to sell its stake in the BPO joint venture - Intelenet Global Service Ltd (IGSL) - to HDFC for a consideration of Rs 161 crore. The decision is in line with TCS's strategy to ...
New members appointed for Telecom Commission
THE Government today filled up the posts of members of the Telecom Commission, which was lying vacant following retirements and superannuation of the sitting members over the last two months. Mr K.L. Jain has been appointed as member ...
AirTel, Micro Tech team up to launch vehicle security system
THE mobile telecom services provider AirTel has announced a strategic alliance with Micro Technologies in Andhra Pradesh to launch `Mcops' a vehicle black box security system which according to the company is the first-of-its-kind initiative by ...
Nasscom to take tax concerns to Minister
THE National Association of Software and Services Companies (Nasscom) has said that it will approach the Finance Minister, Mr P. Chidambaram, for the resolution of issues relating to BPO taxation. "We had hoped that the Finance Minister would ...
IT body seeks rollback of sales tax hike
THE Association for Information Technology, which protested by shutting businesses in the State against the Government's move to hike sales tax to 12 per cent from the current level of five per cent, has submitted an appeal to the Chief Minister, ...
TCS net rises 71 pc to Rs 519 cr in Q1
TATA Consultancy Service, which is launching its IPO next week, has recorded a 71 per cent jump in its net profit at Rs 519 crore for the first quarter ended June 30, 2004 as compared with Rs 303 crore in the corresponding previous ...
Geometric Soft Q1 net up at Rs 3.4 cr
GEOMETRIC Software Solutions Company Ltd has granted 5,000 options to eligible non-executive directors of the company under ESOP Directors-2000 Scheme. As many as 1,00, 224 options have been granted to eligible employees of the company and its ...
Keltron plans research centre for free software
THE Kerala State Electronics Development Corporation (Keltron) is planning to set up a "free software research, development and promotion centre" here with the support of the Union Government. The centre, estimated to cost Rs 10 crore, is aimed ...
FCS Soft bags US order
IIITM-K holds Java tech meet
THE Sun Centre of Excellence in E-learning at Indian Institute of Information Technology and Management-Kerala (IIITM-K), Thiruvananthapuram, in association with Sun Microsystems, recently organised a Java technology meet, `JAVA TECH Programme' ...
Rs 600-cr capex planned
TATA Consultancy Services has a capital expenditure plan of Rs 600 crore for the current financial year, up from Rs 250 crore during the last financial year, said Mr S. Mahalingam, Chief Financial Officer . This would go towards technological ...
ALLIANCES & JOINT VENTURES
Progeon, Aceva in pact
Trijal to launch UMS product
Reliance to roll out broadband services early next year
RELIANCE Infocomm Ltd has drawn up plans to roll out its broadband services direct to home to be offered across the country early next year. Towards this end, the company is familiarising the usage of broadband services through its chain of over ...
Oracle to focus on e-governance space Pilot projects not hit by change of govts
ORACLE sees the $7.5-billion e-governance market in India continuing to grow and plans to invest in developing the market, said Ms Adaire Fox-Martin, Senior Director, Government Education and Healthcare, Oracle Asia-Pacific. She was speaking at ...
Tech execs in India, China see higher IT spending: McKinsey
REFLECTING greater optimism than their global counterparts, an overwhelming majority of technology executives in India and China expect their companies to increase IT spending over the next six months, according to a survey conducted by McKinsey ...
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