Financial Daily from THE HINDU group of publications
Wednesday, June 29, 2005
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Financial Daily from THE HINDU group of publications Wednesday, June 29, 2005 |
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INFO-TECH PREFERENTIAL ALLOTMENTS Reliance to convert Infocomm preference shares at Rs 32 THE board of Reliance Industries Ltd (RIL), which met on Tuesday, decided to convert 162 crore preference shares of Reliance Infocomm Ltd - acquired at Rs 8,100 crore - into fully paid-up equity shares of the face value of Re 1 each at a ... More ESOPS Wipro to grant shares to staff at face value WIPRO Ltd proposes to grant some 60 lakh shares at face value of Rs 2 each to its employees under a new restricted stock unit plan 2005. This new stock option plan is essentially an extension of the Wipro Employee Restricted Stock Unit Plan 2004, ... More AWARDS & HONOURS Lifetime award for Satyam chief THE Hyderabad Management Association (HMA) has honoured Mr B. Ramalinga Raju, Founder-Chairman of Satyam Computer Services Ltd., Mr Srini Koppolu, Managing Director of Microsoft India R&D, and the Singareni Collieries Company Ltd. for ... More TELECOMMUNICATIONS Mobile penetration high in J&K, North-East THE advent of the mobile phone has triggered a virtual revolution in the States of Jammu and Kashmir, Assam and the North-East. In just nine months, between March-December 2004, mobile connections in Jammu and Kashmir grew by 430 per cent, ... More
FINANCIAL PERFORMANCE Calsoft net at Rs 3.4 cr CALIFORNIA Software Company Ltd (Calsoft) has reported a net profit of Rs 3.35 crore on revenue of Rs 48.86 crore for the year ended March 31,2005 compared to Rs 3.04 crore on revenue of Rs 37.80 crore for the previous year. The board of ... More
Four Soft net down SOFTWARE Infotech hires consultant to spot markets INFOTECH Enterprises Ltd, the IT solutions provider, is set to zero in on the $100-million mark in revenue in fiscal 2006. It has enlisted the services of a global consultant to expand its market presence and explore new growth areas. According ... More MERGERS & ACQUISITIONS Lionbridge to buy Bowne Global, expand team here THE acquisition of Bowne Global Solutions by Lionbridge Technologies, both US-based companies, could mean the latter doubling the employee strength in its India offshore development centres to 2,000 in the next one year. The Nasdaq listed ... More OFF-SHORE DEVELOPMENT Patni in Amsterdam MUMBAI: Patni Computer Systems has further expanded its European operations, opening its fifth office in the region at Amsterdam. The company already has offices in Germany (Stuttgart and Munich), Sweden and the UK. Patni had ... More E-COMMERCE & E-BUSINESS B2C deals seen at Rs 2,300 cr BUOYED by improved customer confidence in online shopping and an increased adoption of e-ticketing, the business to consumer (B2C) e-commerce is estimated to touch Rs 2,300 crore in 2006-07 against Rs 570 crore in 2004-05, according to an ... More EVENTS Microsoft India initiative CITING India as one of the buoyant developer markets globally, Microsoft Corporation is now on an evangelising drive - meeting techies across the country, guiding them to take to new technologies such as embedded software for mobile devices ... More VENTURE CAPITAL 
Nokia-backed VCs eye start-upsTWO venture capital firms — BlueRun Ventures (BRV) and Nokia Growth Partners (NGP), backed by handset major Nokia Corporation — are expecting to invest in one to two Indian start-up companies every year. "We are looking for one to ... More
MTNL plans VC fund for tech development NEW PRODUCTS & SERVICES SatNav unveils navigation device SATNAV Technologies, a Hyderabad-based IT products company, today announced the launch of what they described as India's first navigation system - SatGuide, a pocket PC-based touch screen navigation device. The company is in talks with ... More
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Looking back Jun. 19-Jun. 25 What's Reliance Infocomm worth? `N. America accounts for over 60 pc of exports' US pay cheques processed in Chennai! BPO in engineering services could be next big opportunity for India: Nasscom TCS to hire 13,500 more `BPO clients more wary of info security leaks' — Forrester study sees impact on growth A tribute to George Dantzig — To him, impossible was nothing Now, a Hutch mobile package for Rs 1,698 MTNL withdraws Rs 1,500-cr tender for 3G equipment Satyam brand is worth over $1 b |
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