INFO-TECH
OUTSOURCING
Ivy Comptech mulls $2.5-m expansion
IVY Comptech, the 100-per cent subsidiary of the Gibraltar-based online gaming company iGlobal Media, has announced plans to expand its operations at Hyderabad. This means an additional investment of about $2.5 million and induction of about 250 ...
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TELECOMMUNICATIONS
LG says HFCL not eligible for BSNL's CDMA tender
BHARAT Sanchar Nigam Ltd's plans to roll out code division multiple access (CDMA) based telephone lines has got caught in yet another controversy with one of the bidders, LG-Surana Telecom, complaining that the State-owned company has overlooked ...
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Tata Indicom rebrands fixed wireless as `Walky'
TATA Indicom has re-branded its fixed wireless as Walky and has launched a lower rate slab for its `True Paid' customers. The Tata Indicom Chief Operating Officer for Karnataka and Andhra Pradesh, Mr Prabhat Pani, told newspersons on Wednesday ...
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STOCKS
HSBC offloads 6.1 pc in SSI
SSI Ltd has informed the National Stock Exchange that HSBC Financial Services (Middle East) Ltd has sold 8,22,154 equity shares of Rs 10 each (6.105 per cent) of the company. The date of sale was October 14 through open market. The shareholding ...
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FINANCIAL PERFORMANCE
Ramco Systems posts profit
RAMCO Systems has reported a net profit of Rs 2.32 crore on total income of Rs 36.40 crore for the quarter ended September 30, 2004 compared to a net loss of Rs 12.29 crore on revenues of Rs 19.43 crore for the corresponding quarter last ...
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NIIT Tech net up 50 pc in Q2
NIIT Technologies Ltd today reported a 50 per cent jump in net profit for the second quarter ended September 2004 to Rs 15.2 crore against Rs 10.1 crore in the year-ago period, on the back of revenue growth and improvement in productivity and ...
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SOFTWARE
Sonata to pay 30 pc interim
BANGALORE: Sonata Software has declared an interim dividend of 30 per cent for the half year ended September 30. For the July-September quarter, the company earned a consolidated revenue of Rs 81.2 crore as compared to Rs 49.2 crore ...
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IT TRAINING
Dakshina Kannada to host `Students Internet World'
THE Dakshina Kannada District administration will hold `Students' Internet World 2004' at various centres in the district from November 1 to 5. Addressing presspersons here on Wednesday, the Deputy Commissioner, Mr Aravind Srivastav, said that ...
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OFF-SHORE DEVELOPMENT
Satyam setting up centre in Hungary
SATYAM Computer is in the process of establishing its first nearshore centre in Hungary to serve the eastern European countries. It is also in the process of zeroing in on a possible acquisition of a European consultancy company. The Head of ...
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