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TELECOMMUNICATIONS
COAI opposes move to auction 2G spectrum
New Delhi, July 24 The Cellular Operators Association of India has told the Union Ministry of Communications that any move to auction additional spectrum for existing second generation mobile services was against the terms of the unified ...
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Raja meeting BSNL vendors for stop-gap solution
May place additional orders for meeting immediate requirements
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American Tower in tie-up talks with telecom firms
Open to partnership with infrastructure cos
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INFRASTRUCTURE
IT products SEZ proposed on outskirts of Kolkata
Kolkata, July 24 R.P. Infosystems Pvt Ltd, manufacturers of the Chirag brand of personal computers (PCs), has proposed an IT products-specific SEZ on the outskirts of Kolkata. An application in this regard has already been made to the Union ...
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FINANCIAL PERFORMANCE
16% drop in MindTree net profit
A strong rupee impacted MindTree Consulting’s June quarter net profit, which declined 16 per cent, while revenues for the quarter grew 21 per cent over corresponding period last year.MindTree reported a net profit of Rs 20.62 ...
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Idea Cellular net zooms to Rs 193 cr
Mumbai, July 24 Idea Cellular Ltd said its first quarter net profit increased more than five fold from a year ago. Net profit for the quarter amounted to Rs 193 crore, against Rs 30 crore in the corresponding year-ago quarter. Revenues ...
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Allsec Tech PAT down at Rs 4.5 cr
Chennai, July 24 Allsec Technologies has reported a turnover of Rs 26.99 crore for the quarter ended June 2007, which is, thanks to the appreciation of the rupee, Rs 2 crore lower than in the corresponding quarter last year.On a ...
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Rolta India Q4 net up 38%
Mumbai, July 24 Rolta India Ltd said its consolidated net profit for the fourth quarter ended June 30, 2007 grew by 38 per cent, to Rs 48.8 crore (Rs 35.3 crore). Its consolidated total income went up 38 per cent to Rs 207.5 crore (Rs 149.9 ...
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Tulip IT net rises
NEW DELHI: Tulip IT Services Ltd ended the first quarter of current financial year on 30th June 2007, with a 106 per cent raise in net profit at Rs 28.47 crore (Rs 13.82 crore). — Our ...
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SOFTWARE
Cranes Soft solution for engineers
Cranes Software International has launched NISA DesignStudio — the latest in its range of engineering products for the civil engineering community. It is targeted at individuals — structural design consultants and building design ...
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MERGERS & ACQUISITIONS
RFCL buys Wipro BioMed
New Delhi/Bangalore, July 24 RFCL Ld, an ICICI Ventures company, has acquired Wipro BioMed, an outfit of the Bangalore-based IT major, for an undisclosed sum. Wipro BioMed addresses the healthcare market by distributing products of some 20 ...
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MphasiS EDS merger complete
MphasiS announced on Tuesday that the High Court of Karnataka has approved the merger of EDS Electronic Data Systems India Pvt Ltd (EDS India) with MphasiS Ltd, with effect from 1 April, 2006. The order of the court has been filed with the ...
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REGULATORY BODIES & RULINGS
DoT to audit spectrum use by mobile operators
Telecom engineering centre to undertake survey
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TRADE & LABOUR UNIONS
Raja meeting BSNL vendors for stop-gap solution
May place additional orders for meeting immediate requirements
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SOCIETY & DEVELOPMENT
CTE’s online I-T filing facility
Hyderabad, July 24 Cambridge Technology Enterprises Ltd (CTE) has announced the launch of its online tax preparation service in India offered free to the tax paying community.This, it claimed, was part of its commitment to be a good ...
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OUTLOOK
Satyam upbeat on engineering services
Hyderabad, July 24 Satyam Computer has hinted at the possibility of bagging about 7-8 deals worth about $200 million in the engineering services space that currently accounts for about 7.2 per cent of its total revenues.Betting big on ...
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PEOPLE
Satyam employee kidnapped
An employee of Satyam Computer Services, Mr Satya Vedula, was allegedly kidnapped on Tuesday morning when he went to drop his children at school. The motive behind the kidnapping is not yet known. It is learnt that some auto drivers near the ...
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N.V. Subba Rao to head Tanla’s arm
Tanla Solutions on Tuesday announced the appointment of Mr N.V. Subba Rao as CEO and President for Tanla Mobile Inc (USA), a company subsidiary offering mobile applications, m-commerce and interactive services, according to a company ...
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