The Hindu Business Line : Friday, October 21, 2005

Scandent to raise Rs 292 cr
BANGALORE: Scandent Solutions Corporation Ltd said on Thursday that its board of directors has approved plans to raise up to Rs 292.3 crore through a preferential allotment. The company plans to issue debentures and warrants to ICICI ... More

OUTSOURCING

Cbay in `Deloitte Fast 500'
Mumbai: Cbay Systems, which provides Indian transcription technology and services to the US healthcare market, announced on Thursday that it had been named to the Deloitte Technology Fast 500. The ranking measures the 500 fastest ... More

TELECOMMUNICATIONS

FDI in telecom: Foreign holdings in PSBs, FIs not part of 74 pc cap
THE Union Cabinet today made it clear that the foreign holdings in public sector banks and financial institutions, having a stake in telecom companies, will not be considered as foreign direct investment in the telecom sector. The matter had been ... More

FINANCIAL PERFORMANCE

Allsec net doubles
ALLSEC Technologies Ltd has reported a net profit of Rs 5.82 crore on revenue of Rs 24.05 crore for the second quarter ended September 30, 2005, compared with a net profit of Rs 2.99 crore on revenue of Rs 15.06 crore for corresponding quarter ... More

KPIT Cummins net up 19% in Q2
KPIT Cummins Infosystems Ltd has registered a 11.04 per cent rise in consolidated revenues, touching Rs 77.68 crore for the second quarter ended September 30, 2005, against Rs 69.96 crore in the first quarter of the current fiscal. The net profit ... More

HARDWARE

Server for Web conferencing — Bhatia's Instacool partners Sun Micro
BANGALORE-BASED Instant Collaboration Software Technologies is partnering Sun Microsystems to deliver an appliance server that will run on the Solaris, version ten, and Linux operating systems. This sales, marketing and technology partnership ... More

SOFTWARE

IBM opens 1,000-seater service centre
IBM has opened a new 1,000-seat Global Service Delivery Centre (GSDC) in Bangalore on Thursday to enhance its IT management and outsourcing services portfolio. The company has invested about Rs 44 crore in the new centre, which covers 31,000 ... More

Dell opens global development centre in Hyderbad
DELL Inc, the $53-billion information technology major, has announced the opening of its global development centre (GDC) in Hyderabad, its second in India. The Dell Vice-President, Information Technology, Ms Laverne H. Council, inaugurated the ... More

TCS buys Australian firm for Rs 117 cr
TCS has acquired Financial Network Services (FNS), a Sydney-based core banking solutions vendor, for $26 million (Rs 117 crore). FNS, TCS's first major international acquisition, is great value as well as strategic in nature, said Mr S. ... More

AP allots 100 acres to Wipro
THE State Government on Thursday signed a memorandum of understanding (MoU) with Wipro allotting it 100 acres at Gopannapally on the city outskirts and seven acres of land in Visakhapatnam for expansion. According to an official release, ... More

INTERNET

World Cyber games on
SAMSUNG India Electronics has launched World Cyber Games 2005 in association with the Mumbai-based game developer Indiagames. In this event, gamers from over 75 countries are expected to contest against each other in games such as Counter ... More

MERGERS & ACQUISITIONS

Satyam: More deals likely on better visibility, presence in Europe
Satyam Computer Services Ltd indicated the possibility of deals in the $100-500 million range, given the success of its outsourcing model and increased visibility and presence in Europe. The Chairman, Mr. B. Ramalinga Raju, said this was ... More

OFF-SHORE DEVELOPMENT

GDA Tech opens offshore design centre in Kochi
GDA Technologies Inc, a California-based electronic design services company, has set up an offshore design centre here, and announced that it would be developed into a global facility in future. By the end of this year, GDA Tech would have 25 ... More

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