The Hindu Business Line : Thursday, April 27, 2006

Intelligroup bags $24-m Greenland deal
Intelligroup Inc. has bagged a $24-million multi-year infrastructure outsourcing contract from Royal Greenland based in Greenland. Intelligroup has about 10 clients in infrastructure outsourcing and plans to address it as a separate business ... More

TELECOMMUNICATIONS

Idea Cellular contest in Kerala
Idea Cellular has announced an election contest on SMS and Voice for its pre-paid and post-paid customers in the State. To participate in the contest, the customers can send EL as SMS to 456 or dial 456 and answer 10 simple ... More

FINANCIAL PERFORMANCE

Megasoft Q1 revenue, net up
Megasoft has recorded revenues of Rs 35.89 crore and a net profit of Rs 7.46 crore for the first quarter ended March 31, 2006 against total revenues of Rs 26.26 crore and net profit of Rs 3.73 crore, for the corresponding ... More

Prithvi net up; plans $70-m FCCB issue
Acquires Kolkata co for Rs 6 cr More

SOFTWARE

Satyam's solution for CDAC
Satyam Computer Services Ltd has announced that it has developed a grid computing technology solution in its Business Solutions Lab, Futurus, to be deployed at the Centre for Development of Advanced Computing (CDAC), ... More

R Systems lists at 20% premium, ends flat
R Systems International Ltd, an outsourced software product development company, made its debut on the stock exchanges at a premium of 20.4 per cent on the BSE at Rs 301, compared to the issue price of Rs 250. But the shares swung from one ... More

Informatica to expand operations
The California-based Informatica Corporation has announced setting up of its sales and marketing offices in the country. "We are setting up offices in Delhi, Mumbai and Bangalore for sale of our data integration software," said Mr Ramendra ... More

INTERNET

Yahoo has Answers for your queries
Why did the chicken cross the road? Yahoo's latest offering — Answers — has 230 different retorts. "Answers" allows Yahoo's 176 million registered users to ask and get replies at will. This service is different from chatting, ... More

HUMAN RESOURCES

CADS India to double headcount
CADS Software India, a subsidiary of the UK-based CADS Ltd, plans to double its employee strength in Chennai to about 700 and revenue to about Rs 45 crore in the next three years, according to Mr Jonathan Frvett, Financial ... More

E-COMMERCE & E-BUSINESS

IA ties up with SBI, UBI
Indian Airlines has introduced an integrated Internet banking solution by way of Net ticketing through Internet banking. In a statement, the airline has said that from April 27, passengers who have net banking accounts with State ... More

SOCIETY & DEVELOPMENT

Sun Micro grant programme
Sun Microsystems India rolled out the Sun Matching Grant Programme for the second time in India. Through this initiative, Sun will provide a series of hardware, software and Web-based training material, which will allow an ... More

EXPORTS & IMPORTS

AP records 51 pc growth in IT exports
Andhra Padesh has recorded total IT exports of Rs 12,500 crore during 2005-2006, reflecting a growth of about 51 per cent from Rs 8,270 crore last year. While the country's overall IT exports crossed the magical Rs 1,00,000 mark registering Rs ... More

VENTURE CAPITAL

mFormation closes funding
The mFormation Technologies Inc, player in mobile device management solutions space, has announced the close of a $15.3-million financing to extend the Series D round to $24.5 million. This brings the total investment in the company to about $50 ... More

OUTLOOK

Canon targets 35 pc growth
Camera phones no major threat; big push into South More

Polycom to set up office in Bangalore
Eyes fast growing video conferencing market More

PEOPLE

Punit Garg to head FLAG Telecom
Mr Punit Garg has been appointed President of FLAG Telecom and will head that company in the place of Mr Patrick Gallagher, who moves on to become its non-executive Vice-Chairman.Mr Garg will be the first Indian to head FLAG, now ... More