The Hindu Business Line : Friday, July 20, 2007

OUTSOURCING
Wipro BPO to start operations in China
Bangalore July 19 Wipro BPO plans to start delivery operations in China during the current quarter to serve its customers in the region, said the Chief Executive, Mr T.K.Kurien, on Thursday. The company plans to have about 300 people in China ... More

TELECOMMUNICATIONS
RCom cuts call rates to Gulf
Kochi, July 19 Reliance Communications has said that it is slashing call rates on its calling card to select Gulf countries. Available on eRecharge of Rs 699 denomination, the ‘Select Gulf calling card’ will enable Reliance ... More

Spice Comm lists at 21% premium
The stock of GSM-based service provider, Spice Communications Ltd, made its debut on the BSE at a premium of 21.19 per cent at Rs 55.75 against the offer price of Rs 46 per equity share. The stock witnessed an intra-day high at Rs 67.05 ... More

FINANCIAL PERFORMANCE
Strong Re hits Wipro numbers
Net profit up 17%; revenues rise 34%; decline reported sequentially More

Tech Mahindra net profit up 59.7%
Pune-based Tech Mahindra Ltd has said its consolidated net profit for the first quarter ended June 2007 rose 59.7 per cent to Rs 170.3 crore compared with Rs 106.6 crore a year earlier. Revenue for the quarter rose by 49.25 per cent to Rs 876.3 ... More

Four Soft Q1 net profit down
Hyderabad, July 18 Four Soft Ltd., recorded sales income of Rs. 47.05 crore with a net profit of Rs. 3.12 crore for the first quarter ended June 30, 2007 as against net sales of Rs. 38.69 crore and a profit of Rs. 5.05 crore for the ... More

Infotech Enterprises net down
More

Aztecsoft Q1 net slips 39%
More

HUMAN RESOURCES
Non-poaching pact among BPOs mooted
New Delhi, July 19 With the business process outsourcing industry battling with high attrition, a non-poaching agreement among the members of Business Process Industry Association of India (BPIAI) was mooted today.In a session on call ... More

MERGERS & ACQUISITIONS
Wipro looks at buys in Germany, Canada
Wipro said on Thursday that it was looking for acquisitions in Germany and Canada to take advantage of the growing markets there. The Chairman of the company, Mr Azim Premji, said the company was planning to invest in Germany and ... More

RCom sells 5% stake in tower biz
For a consideration of Rs 1,400 cr More

EVENTS
Arena holds animation expo
Hyderabad, July 19 Arena Multimedia brought together students and budding animation enthusiasts on Thursday for a closer look at the potential the animation industry holds in the country and globally. Following the inauguration of ... More

OUTLOOK
Wipro Infotech close to $1-b mark
Bangalore, July 19 Wipro Infotech, the India, West Asia and Asia Pacific IT services and products business of Wipro, is within striking distance of a billion dollar revenue this financial year.Wipro Infotech, which recorded revenues of ... More

PERFORMANCE
PC sales rise 26% in 2006-07; cross 6.3 m units
Notebooks fuel growth; 74% sales from business segment More

PEOPLE
Rishad Premji joins Wipro
The 30-year-old Rishad Premji, eldest son of the Wipro Chairman, Mr Azim Premji, joined the company on Wednesday after the shareholders approved his appointment at the annual general meeting.“Yes, he (Rishad) joined the company on ... More

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