The Hindu Business Line : Friday, July 15, 2005

Calsoft plans Rs 100-cr investment
PUNE: Calsoft Pvt Ltd, a Pune-based systems product outsourcing company, is planning to invest Rs 100 crore in intellectual property and infrastructure over the next five years. The funds would come from internal accruals, Mr Anupam ... More

TELECOMMUNICATIONS

Mobile is lost but info stored is intact, thanks to Bhatia
FOR many mobile phone users, losing their mobile phone is not half as traumatic as losing all the information on it. With the near ubiquitous instrument replacing organisers and address books, the dependence on the cell-phone is high. Sabeer ... More

STOCKS

Flextronics top brass sell shares since delisting announcement
THE top management of Flextronics Software Systems (FSS) has started selling shares of the company following its parent company Flextronics plans to de-list FSS from stock exchanges. Flextronics had said that it would not pay more than Rs 575 ... More

FINANCIAL PERFORMANCE

CMC Q1 net dips
NEW DELHI: CMC Ltd on Thursday reported a dip in its profit after tax at Rs 15.33 crore for the quarter ended June 30, 2005, compared with Rs 17.82 crore for the quarter ended June 30, 2004. The total revenues of the company increased ... More

iGATE Global net profit falls to Rs 1.4 crore
IGATE Global Solutions said on Thursday that its net profit for the quarter ended June 30, 2005 fell by 37 per cent to Rs 1.4 crore, over the previous quarter's Rs 2.24 crore. However revenues grew marginally by 1.3 per cent during the quarter to ... More

SOFTWARE

Infosys bullish on China
ADOPTING an aggressive strategy for the Chinese market, Infosys Technologies on Thursday said it plans to ramp up the headcount at its China subsidiary to over 1,000 employees over the next several quarters. "We already have over 100 ... More

ARM in pact with Ammos
BANGALORE: ARM has appointed Ammos Software Technologies Pvt Ltd, provider of embedded systems solutions, to distribute ARM RealView development tools in India. ARM designs the technology that lies at the heart of advanced digital ... More

Stride network for Markets
BANGALORE: Headstrong, a global consultancy and financial solutions company, said its Indian subsidiary, TechSpan, has successfully implemented Stride trading network for Markets Inc's BlockBook. Stride is a proprietary trading network ... More

MBT completes work for Oman co
PUNE: Mahindra British Telecom (MBT) has announced the completion of an integrated implementation of Microsoft's customer care framework (CCF) for Omani company Nawras. MBT is working with Microsoft as a systems integrator (SI) to ... More

MERGERS & ACQUISITIONS

Gecis to acquire US-based Creditek
Creditek is a leader in revenues cycle management, order-to-cash and business process outsourcing solutions. More

California Soft buys 51 pc stake in Informed Decisions
CALIFORNIA Software Ltd, a Chennai-based software company, has acquired a 51-per cent stake in Informed Decisions Corp of the US. About 50-per cent of the $2-million stake will be invested upfront, and the balance over a two-year period, ... More

ENTERPRISE RESOURCE PLANNING

Intacct launches ERP software
BANGALORE: The US-based Intacct Corporation has announced the launch of its software development operations in India, focussing on enterprise resource planning (ERP) software. As IBM's only `ERP on Demand' partner, Intacct introduced the ... More

PEOPLE

Anil Ambani hires Batra from Bharti
THE Anil D. Ambani Enterprises group continues its hiring spree; it has appointed Mr Rajeev Batra as Vice-President, IT and Technology. Mr Batra, who comes from Bharti Tele-Ventures, will be a key technology resource for the ADA group, said a ... More

ICICI OneSource has new COO
ICICI OneSource has announced the appointment of Mr Raju Venkatraman as President & Chief Operating Officer (COO). Mr Venkatraman joined the senior management of ICICI OneSource after the company acquired RevIT Systems. He takes over from Mr ... More