The Hindu Business Line : Wednesday, January 25, 2006

Maars Soft pref shares for BoI
CHENNAI: Maars Software International Ltd will issue convertible preference shares to Bank of India to the extent of Rs 7.72 crore at the face value of Rs 10 (convertible into equity shares at a later date) as part settlement of its dues. ... More

OVERSEAS BORROWINGS

MegaSoft FCCB issue
CHENNAI: MegaSoft Ltd will issue 7.76 lakh equity shares to the Mauritius-based Grants Investment Ltd upon conversion of foreign currency convertible bonds worth $2 million. Its board of directors approved the issue of shares of Rs 10 each ... More

OUTSOURCING

Siemens to digitise vital events records for UK
ABOUT 250 million birth, death and marriage records held by the Office of National Statistics (ONS), UK, are to be data captured out of Chennai. The city centre of Siemens Business Services (SBS) would help its parent to scan, digitise and index ... More

TELECOMMUNICATIONS

LG eyes 300% growth in mobile phone business
LG Electronics is targeting a 300 per cent growth in its GSM mobile phone business this year at Rs 600 crore, with the launch of new models and an expansion of its distribution network being planned during the year. "In 2005, we sold close to ... More

Bharti Tele-Ventures to be renamed Bharti Airtel
BHARTI Tele-Ventures Ltd, the telecommunications services provider, is to be renamed Bharti Airtel Ltd. The board of directors of the company approved the change of name today. The change is subject to approval from shareholders and regulatory ... More

Tata Tele Maharashtra plans Rs 325-crore rights issue — 2 shares for every 25 held at a premium of Rs 15-17
TATA Teleservices (Maharashtra) Ltd (TTML) on Tuesday filed a letter of offer for a rights issue with SEBI to mobilise Rs 300-325 crore to meet its ongoing funding requirements. The rights issue is in the ratio of two shares for every 25 ... More

Karnataka tops in Airtel connections
BHARTI Tele-Ventures on Tuesday announced that Airtel has crossed the 20-lakh mobile subscribers mark in the State. At the end of 2005, there were 18.39 lakh Airtel subscribers in Delhi, and 17.28 lakh in Karnataka. The State raced ahead to ... More

Nokia Connect launched
NEW DELHI: Nokia has announced the launch of `Nokia Connect', a consumer education programme aimed at demystifying mobile technology.As part of the programme, Nokia is providing quick guides on popular mobile technology areas such as SMS, ... More

FINANCIAL PERFORMANCE

A good show by software cos
FRONTLINE software companies logged another quarter of strong growth on the revenue and earnings front for the period ended December 31, 2005. This was quite encouraging, as the third quarter typically has fewer working days owing to the holiday ... More

VisualSoft income, net drop on biz revamp
VISUALSOFT Technologies Ltd has recorded lower income of Rs 28.77 crore and a net profit of Rs 4.04 crore for the third quarter ended December 31, 2005, against total income of Rs 48.06 crore and a net profit of Rs 6.88 crore for the ... More

Bharti Tele third-quarter net profit up 25 pc
BHARTI Tele-Ventures' consolidated net profit grew 25 per cent for the third quarter of the current fiscal, aided by its highest-ever quarterly growth in subscriber base and increased minutes of usage, and despite a moderate fall in average ... More

3i Infotech Q3 net up 57 pc; raises revenue guidance
3I INFOTECH Ltd has reported a consolidated net profit of Rs 16.3 crore for the third quarter of the current fiscal, recording a 57 per cent growth over the corresponding quarter of the previous year. Its revenues at Rs 114.36 crore grew by 52 ... More

HCL Info Q2 net up 6%
HCL Infosystems today posted a 6.1 per cent rise in consolidated net profit for the second quarter ended December 31, 2005, to Rs 63.77 crore against Rs 60.1 crore in the corresponding previous year. However, its consolidated gross sales ... More

HARDWARE

HCL sells 40,000 low-cost PCs
HCL Infosystems today said it has sold close to 40,000 units of the sub-Rs 10,000 personal computers since its launch in September 2005. "The total sales, so far, has been 40,000 units in this category. We had started delivering the sub-Rs ... More

SOFTWARE

IBM India, BITES launch project for academic excellence in Karnataka
IBM India and BITES have launched a project INVITE (Initiative to Nurture a Vibrant IT Ecosystem), to improve academic excellence in Karnataka. The Department of Information Technology, Biotechnology and Science & Technology and the Board for . More

Talisma unveils CRM 7.0 version
BANGALORE: Talisma, a customer relationship management solutions provider announced the availability of CRM 7.0, the latest version of the product. This version has over 100 new features and four new add-on modules. With the Export ... More

IT TRAINING

Apple Computer plans to offer cluster-based tools in bio-informatics
HAVING pioneered the Apple Computer Training programme in the mid-80s, Apple Computer India (P) Ltd is in the process of launching a programme on learning and education in Asia, along with a Singapore team, its Managing Director, Mr Alok Sharma, ... More

ALLIANCES & JOINT VENTURES

Grow Talent ties up with US-based Designed Learning
HUMAN resources consulting and training firm Grow Talent (GT) has tied up with US-based Designed Learning to conduct the latter's training programmes in India and Sri Lanka. Though Designed Learning has training solutions for different needs ... More

INTERVIEW

Capex, forex fluctuations impacted net profit: Bharti
BHARTI Tele-Ventures has announced its results. The company's third quarter consolidated net profit is up 4.6 per cent at Rs 545 crore (Rs 520.8 crore). Its Q3 consolidated revenues is up 11.7 per cent at Rs 3,026 crore (Rs 2,709.1 crore). Its ... More

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