The Hindu Business Line : Sunday, July 31, 2005

VEN as the mid-cap software services story was building up nicely until the last quarter, there came a twist in the tale. When Hexaware Technologies and KPIT Cummins scaled down their ... More

FINANCIAL PERFORMANCE

Ramco Systems prunes net loss
CHENNAI: Ramco Systems Ltd, has reported a reduced net loss of Rs 6.02 crore on sales of Rs 31.26 crore for the quarter ended June 30 compared to a net loss of Rs 9.28 crore on sales of Rs 21.01 crore for the corresponding period last ... More

SOFTWARE

Ontrack Systems board proposes 1:2 bonus
THE board of directors of Ontrack Systems Ltd has recommended the issue of bonus shares in the ratio of one share for every two shares. This is the first time since its inception 18 years ago that the company will be issuing bonus shares, ... More

MERGERS & ACQUISITIONS

Tatas, Birlas to buy out New Cingular's stake in IDEA for Rs 1,300 cr
THE Tata and A.V. Birla groups have agreed to jointly buy out New Cingular Wireless' 32.91 per cent stake in IDEA Cellular for $300 million (about Rs 1,300 crore). IDEA is an equal joint venture between New Cingular and the Tata and A.V. Birla ... More

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