INFO-TECH
TELECOMMUNICATIONS
Calculation of mobile licence fees — Revenue from handsets may be exempted
IN a move that could encourage operators to bundle mobile handsets with every connection, the Department of Telecom is considering to exclude revenues earned from sale of handsets from the company's annual income used to calculate the licence fee ...
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Idea Cellular plans three new circles
IDEA Cellular Ltd, the private mobile telephony services provider with operations in eight circles across the country, is in the process of finalising plans for roll-out of services in three circles of UP West, Rajasthan and Haryana. The Chief ...
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Cellphone cos apply for 3G spectrum
CELLULAR operators including Bharti, Hutch and Idea Cellular have applied for 3G (third generation) spectrum to offer high-speed data and voice mobile services. The companies, through the Cellular Operators' Association of India, have also ...
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FINANCIAL PERFORMANCE
NIIT net profit rises 12-fold
DRIVEN by growth in enrolments and higher international revenues, NIIT Ltd on Tuesday reported a 12-fold increase in its net profit for the quarter ended June, 2004 at Rs 7.5 crore compared to Rs 0.6 crore in the same period previous year. Its ...
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Hughes Soft net up 63% in Q1; eyes buys
HUGHES Software Systems has registered a 63 per cent growth in its net profit for quarter ended June, 2004 at Rs 24.7 crore. It has said it is eyeing acquisition of Indian or overseas firms in Business Process Outsourcing (BPO) and Telecom ...
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Hexaware net surges; launches BPO arm
MOMENTUM in client ramp-ups and increased repeat business have resulted in a 379.8 per cent surge in net profits at Rs 14.2 crore for Hexaware Technologies for the second quarter-ended June 30 as compared to Rs 2.9 crore recorded during the ...
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Hinduja TMT Q1 net up 10 pc
BANGALORE: Hinduja TMT posted a total income of Rs 45.34 crore for the first quarter ended June 30, up 30 per cent from Rs 34.94 crore a year ago. The net profit for the period grew by 10 per cent to Rs 18.98 crore against Rs 17.23 crore ...
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Tata Infotech net at Rs 13 cr
MUMBAI: Tata Infotech Ltd has posted a net profit of Rs 13.1 crore for the quarter ended June 30, 2004 as compared to Rs 12 crore recorded during the quarter ended June 30, 2003 marking, a 9.1 per cent increase in net profit. Total ...
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GTL net almost doubles
MUMBAI: GTL Ltd has posted a net profit of Rs 43.1 crore for the quarter ended June 30, 2004 compared to Rs 24.8 crore for the quarter ended June 30, 2003. The company's revenues at Rs 156.6 crore showed a 10.74 increase compared to Rs ...
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Infotech Enterprises profit up 132%
HYDERABAD: Infotech Enterprises Ltd has recorded revenues of Rs. 57.92 crore and a net profit of Rs 4.76 crore for the first quarter ended June 30 2004, an increase of 49 per cent in revenues and 132 per cent in net profit over ...
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Patni Computer Q2 income up at Rs 61.8 cr
PATNI Computer Systems has recorded a net income of Rs 61.8 crore for the quarter ended June 30, 2004 compared to Rs 39 crore posted during the previous year's corresponding quarter. The company's revenues of Rs 366.7 crore (Rs 277 crore) ...
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Kale Consultants net falls 37 pc
KALE Consultants Ltd has recorded a 37 per cent drop in net profit at Rs 15 lakh for the quarter ended June 30, 2004 compared to Rs 25 lakh registered in the corresponding quarter of the previous year. "Last year, it must be understood that we ...
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SOFTWARE
TCS sets up ninth centre
TCS has set up its ninth development centre near Chennai on the Old Mahabalipuram Road, the city's information technology corridor. The company has taken on lease 2.40 lakh sq ft of space (over seven floors) close to the company's existing ...
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Infosys launches Campus Connect
INFOSYS Technologies Ltd has announced the launch of Campus Connect, an industry - academia partnership initiative with an initial investment of Rs 10 crore. The programme aims to deepen the industry-academia relationship, and create a ...
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HUMAN RESOURCES
Cognizant to add 5,000 employees globally
COGNIZANT Technology Solutions will end the calendar year 2004 with an addition of about 5,000 employees globally - a majority of them in India - taking the total employee strength to about 14,000. This is an increase from the original ...
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MERGERS & ACQUISITIONS
Subex buys Alcatel unit for $3 m
TELECOM software products firm Subex Systems Ltd has acquired the fraud management group of French telecom major Alcatel for $3 million in an all-cash deal. The buy-out will help Subex add 30 new clients to its roaster of 39 clients and pip ...
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NEW PROJECTS
Allianz Cornhill to set up BPO unit at Technopark
ALLIANZ Cornhill Information Services, the Indian subsidiary of the UK-based Allianz Cornhill Insurance Plc, will set up a business process outsourcing (BPO) facility at Technopark, Thiruvananthapuram. This will be in addition to the company's ...
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VIRUSES
Mydoom.O worm threat rated high
COMPUTER Associates and Symantec Corporation have announced that they have raised the threat level for the Mydoom.O worm to high, based on extremely intensive activity levels and exponential growth. This latest worm is a blended or hybrid ...
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