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Friday, April 29, 2005

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ANNOUNCEMENTS


Wipro bags Akzo Nobel deal
BANGALORE: Wipro Technologies has signed a three-year, multi-million euro deal with Akzo Nobel NV. Wipro will help Akzo Nobel Chemicals implement its idea of creating a shared IT environment by providing infrastructure management ... More

TELECOMMUNICATIONS


Tribunal quashes bandwidth price cut — `TRAI has violated principles of natural justice'
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) on Thursday quashed the Telecom Regulatory Authority of India's (TRAI) order to reduce international bandwidth tariff by 70 per cent. The decision comes as a relief to Videsh Sanchar ... More

Tata Indicom to invest Rs 400 cr in Karnataka
CELLULAR service provider Tata Indicom will invest over Rs 400 crore during the current fiscal to upgrade its network and facilities in Karnataka. "This fiscal, we will change the gear and accelerate our growth," Mr Prabhat Pani, the Tata ... More

FINANCIAL PERFORMANCE


Moser Baer profit slumps 66.6 pc
MOSER Baer India Ltd today posted a 66.6 per cent dip in net profit for the fourth quarter ended March 2005 to Rs 24.52 crore, compared to Rs 73.43 crore in the same quarter last year, primarily due to rise in input costs. Total income ... More

KPIT Cummins consolidated net up
KPIT Cummins Infosystems Ltd has recorded consolidated revenues of Rs 252.45 crore, an increase of 98.79 per cent as compared with revenues of Rs 126.99 crore in the year ended March 2004. The consolidated net profit has increased 94.69 per ... More

Bharti Tele-Ventures Q4 net rises 44 pc
BHARTI Tele-Ventures Ltd has reported a 44 per cent increase in its net profit to Rs 437 crore in the fourth quarter ended March 31, 2005, compared to Rs 304 crore during the corresponding year-ago quarter. The revenues increased to Rs 2,317 ... More

Subex net up at Rs 26 cr
SUBEX Systems Ltd has reported a 45-per cent rise in net profit at Rs 25.72 crore on revenues of Rs 116 crore that grew by 33 per cent for 2005 fiscal over the previous year. Revenues from the products business grew by 58 per cent, accounting ... More

SOFTWARE


Karnataka software exports up 52%
KARNATAKA has reported a 52 per cent jump in its total software exports at Rs 27,600 crore during 2004-05, exceeding its own projections. The State has set a software export target of Rs 35,000 crore for the current fiscal, a growth of 26 per ... More

Tera Soft wins Kerala project
HYDERABAD: Tera Software Ltd, the Hyderabad-based software solutions and services company, has announced that it has signed an agreement with the Electronics Corporation of India Ltd to implement the e-governance project of the Motor ... More

Esanda picks Finacle
BANGALORE: Esanda, the wholly owned subsidiary of ANZ Banking Group, has chosen Infosys's universal banking solution, Finacle, to launch its new product called Online Saver in the Australian mainstream savings market. Finacle enables ... More

INDUSTRY ASSOCIATIONS


IT capital spend very low in India: Nasscom
THE country's IT spend is the lowest in relative terms among a list of 30 countries studied by National Association of Software and Service Companies (Nasscom). This, in turn, is leading to lower direct contributions to GDP and insignificant ... More

MERGERS & ACQUISITIONS


Congruent acquisition
CHENNAI: Congruent Solutions, a Chennai-based software development and business support services provider, has taken over the consulting business of the US-based Reliance Software Consulting. This will enable Congruent to strengthen its ... More

ALLIANCES & JOINT VENTURES


Polaris Lab, GE expand ties
CHENNAI: Polaris Software Lab has got a GDC (global delivery centre) status for General Electric, from a preferred vendor, for the latter's domestic software needs. At present, there are about 160 people working for GE, and there is ... More

SECURITY


Bank accounts hacking: MphasiS to lodge insurance claims
MPHASIS BFL is planning to lodge insurance claims for covering the losses incurred in the recent hacking of Citibank's accounts by some employees of its call centre subsidiary MsourcE in Pune. MphasiS officials said, "The company is fully ... More


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