The Hindu Business Line : Saturday, April 28, 2007

OUTSOURCING
Infosys expands Czech BPO unit
Infosys Technologies has announced the expansion of its nearshore facility in Brno, Czech Republic. It has set up a 400-seat facility to provide BPO and IT services to its clients in Europe. With existing nearshore development centres in ... More

Zensar targets first time outsourcers with new service
Zensar Technologies turns focus on greenhorn outsourcers with its new initiative `first time offshoring' portfolio. Mr Ganesh Natarajan, Deputy Chairman and Managing Director, and Ms Sushma Rajagopalan, Chief Strategy and Corporate ... More

TELECOMMUNICATIONS
Bharti Airtel chalks out $3.5-b investment plan
30,000 base stations to be added this fiscal More

INFRASTRUCTURE
Cabinet approves allotment of 50 acres for Genpact SEZ
Draft Ordinance on Greater Hyderabad okayed More

FINANCIAL PERFORMANCE
Bharti Airtel Q4 net doubles
Surge in subscriber base, network expansion drive growth More

HCL Info Q3 net climbs to Rs 173.12 cr
HCL Infosystems Ltd standalone net profit stood at Rs 173.12 crore for the quarter ended March 31, 2007, as against Rs 34.50 crore for the corresponding quarter the previous fiscal. The company's consolidated net profit rose marginally by 4 ... More

Polaris' full year net crosses Rs 100 cr
Ten-fold increase in Q4 consolidated net More

KPIT Cummins posts $100-million revenue; net up 37%
KPIT Cummins Infosystems Ltd, IT consulting organisation, has achieved a $100-million in revenue for the year ended March 2007. Announcing the results, Mr Ravi Pandit, Chairman and Group Chief Executive Officer, noted that for the year ended ... More

UTV Soft net up at Rs 44.7 cr
It may launch about 8 TV channels during next year More

Paradyne Info posts 4-fold rise in net profit
Paradyne Infotech Ltd said its fourth quarter net profit for the fiscal increased nearly four-fold to Rs 9.28 crore, against Rs 1.94 crore in the corresponding year-ago quarter. Revenues rose by 217 per cent, to Rs 73.73 crore (Rs 23.23 ... More

Aztecsoft posts 36% fall in net
Aztecsoft Ltd has posted a 35.89 per cent dip in net profit for the fourth quarter ended March 31, 2007 to Rs 6.75 crore from Rs 10.53 crore in the corresponding previous period. However, revenues were up to Rs 62.25 crore (Rs 54.96 crore) ... More

MERGERS & ACQUISITIONS
FIPB clears Vodafone buy of Hutch-Essar
Proposal to go to Finance Minister for approval More

OFF-SHORE DEVELOPMENT
Melbourne ICT co Oakton opens office in Hyderabad
Mutual investments in IT industry will benefit Australia and India, said Mr Tim Holding, Minister for Information and Communication Technology, State Government of Victoria, Australia. The presence of Indian IT companies in Australia will ... More

SunTec centre in the US
SunTec Business Solutions has strengthened local support in the US, with a dedicated centre to cut down on customer response time and an expanded presence globally. SunTec is increasing focus on telecom, and banking and financial ... More

ISPS
Sify sets up tech centre in Hyderabad
Sify today announced the setting up of a technology centre in Hyderabad wherein it plans to induct about 500 people during the year. The company is also considering the possibility of locating a campus in Hyderabad. Sify plans to invest about ... More

VENTURE CAPITAL
Venture capital inflows
AT PAR WITH UK, CHINA: Dr Debesh Das, IT Minister of West Bengal, flanked by Mr Vijay Kumar Magapu, L&T board member and CEO, L&T Infotech Ltd (left), and Mr Raman Roy, Chairman and Managing Director, Quatrro BPO Solutions, at the Global VCs More

Sandalwood exploring investment options
Sandalwood Capital Partners, a India-focussed venture fund, is in parleys with Tessolve, which is in the process of setting up an assembly and test facility for semiconductors in Chennai, and Hindustan Semiconductor Manufacturing Company, ... More

OUTLOOK
GSS America files for public issue
GSS America Infotech LTd, the Hyderabad-based enterprise application integration (EAI) and infrastructure management services company, will come out with a public issue soon to raise Rs 120 crore. "We propose to issue 34.97 lakh equity shares ... More

PEOPLE
Semiconductor body Chairman
India Semiconductor Association announced that Mr S. Janakiraman, President & CEO R&D Services, Mindtree Consulting, as its new Chairman. He replaces Mr Rajendra Kumar Khare. Mr Jaswinder Ahuja, Managing Director, Cadence .. More

Re-elected IETE President
Mr S. Narayana, scientist at the National Geophysical Research Institute (NGRI), here has been re-elected, President of the Institution of Electronics and Telecommunication Engineers (IETE), New Delhi for the second term for ... More