The Hindu Business Line : Saturday, July 14, 2007

TELECOMMUNICATIONS
5.4 m GSM subscribers added in June
New Delhi, July 13 The GSM mobile industry continued to grow at a scorching pace with over 5.4 million new users in June. The All-India GSM subscriber base grew from 130.6 million in May 2007 to 136 million in June 2007. There was an overall ... More

Rural telephony project 2 years ahead of schedule
New Delhi, July 13 The Government’s rural telephony project under the Bharat Nirman programme is set to achieve its targets two years ahead of schedule. The Prime Minister, Dr Manmohan Singh, chaired a meeting on Thursday to review the ... More

Hutchison Essar is now officially Vodafone Essar
Hutchison Essar is now officially Vodafone Essar Ltd. The company has got the necessary certificate from the Registrar of Companies to change its name after the UK-based Vodafone acquired majority stake in the company. The approval for ... More

FINANCIAL PERFORMANCE
iGATE Q1 net at Rs 14.3 cr
Bangalore, July 13 IT services and consulting firm iGATE Global Solutions posted a net profit of Rs 14.3 crore for the first quarter ending June 30, 2007, on a revenue of Rs 199.4 crore, that grew by 9.8 per cent from Rs 181.6 crore in the ... More

45 pc rise in CMC Q1 net
Mumbai, July 13 CMC Ltd has reported a 45 per cent rise in consolidated net profit for the first quarter ended June 2007 to Rs 23.41 crore as against Rs 16.15 crore recorded in the corresponding year ago quarter. Revenues, however, were down ... More

HARDWARE
Why GPS gadgets are yet to find their way
PATH FINDER More

SOFTWARE
Aztec Software ruling will increase cost of compliance
The recent decision by a Special Bench of a Tax Tribunal, that avoidance of tax is not a condition precedent for invoking transfer pricing and ‘arm’s length price’ (ALP) computation provisions of the Income-Tax Act, has come as ... More

Earning doubts weigh down TCS
Even as the IT majors such as Infosys, Satyam Computer and Wipro finished on a firm note, TCS was on the other side. The stock fell 2.10 per cent – the biggest loser in BSE IT index – on higher volumes of 3.81 lakh shares ... More

HUMAN RESOURCES
India turns into hiring hub for Asia Pacific
In the last eight months, Dr Nandkishore Rathi, Director, Campus Relations, APAC, Oracle, has been working on campus initiatives of Oracle Corporation across Asia Pacific involving seven countries other than India.Dr Rathi, a former IIT ... More

‘Indians top in Java code testing list’
Bangalore, July 13 Indians are at the top of the list of Java developers flocking to test their code at Agitar’s Web site Junitfactory.com. The site, launched earlier this year, invites programmers to send in their code and get it ... More

MERGERS & ACQUISITIONS
Maples acquiring US co
Second centre opened in Pune; headcount may rise to 500 More

OUTLOOK
Worry about efficiency, not currency: Narayana Murthy
Chennai, July 13 “Why should we (the industry) worry about things that are not in our control? We need to worry about matters we can control such as how to become more relevant to the customer and improving work efficiency,” Mr ... More

NEW PRODUCTS & SERVICES
BSNL switches focus to CDMA mobile
Launches prepaid cards; move aimed at arresting slump in growth More

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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
EU, US will monitor liquor duty decision

Aztec Software ruling will increase cost of compliance

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Taxing investment gains — Getting the right measure

GSPC more than doubles capex budget

Adlabs, UTV testing waters in Tamil film industry

Centre defends wheat import contracts

TN will import cement for holding price line

Looking back
Jul. 1-Jul. 7
Raja rejects telecom industry plea to cut USO levy

National Insurance retains Infosys account

Reliance Comm launches Net services for small, medium units

IT managers still clueless about securing information