The Hindu Business Line : Saturday, February 02, 2008

OUTSOURCING
UTI Tech sets up insurance BPO centre
Bangalore, Feb. 1 UTI Technology Services Ltd has said that it had set up an insurance business process outsourcing operations centre. The Chief Executive and Director, Mr M. Parameswaran, said that the company had also inaugurated its new ... More

INFRASTRUCTURE
Work on Rajarhat IT park to begin by year-end
Kolkata, Feb 1 Work on the IT park proposed to be set up at the Rajarhat township in public private partnership (PPP) mode is slated to begin by the end of 2008. The setting up of the park, which will focus on IT products, will entail ... More

STOCKS
Steel stocks in the limelight
Price hike hopes, Rio Tinto deal boost sentiment More

FINANCIAL PERFORMANCE
ICSA (India) Q3 income rises
Hyderabad, Feb. 1 ICSA (India) Ltd has posted profits of Rs 36.24 crore for the third quarter ended December 31, 2007, an increase of 100 per cent over Rs 18.13 crore registered during the same period last year. The income increased by 102 per ... More

Lanco Global income, net up
Hyderabad, Feb. 1 Lanco Global Solutions (LGS) Ltd has registered a consolidated income of Rs 76.58 crore with a net profit of Rs 9.55 crore for the quarter ended December 31, 2007 against total income of Rs 21.21 crore and profit of Rs 2.30 ... More

Cranes Software PAT rises 39% on overseas income
Bangalore, Feb. 1 Overseas income, which recorded a growth of 55 per cent of the total revenues at Rs 86.3 crore, helped Cranes Software report a 39 per cent increase in its consolidated profit after tax at Rs 31.37 crore during the quarter ... More

Southern Online net soars
Hyderabad, Feb. 1 Southern Online Biotechnologies Ltd reported a total income of Rs 6.97 crore in the third quarter ended December 31, 2007, against Rs 1.63 crore. The net profit for the quarter stood at Rs 60.12 lakh (Rs 8.29 lakh). For the ... More

MERGERS & ACQUISITIONS
Microsoft offers to acquire Yahoo! for $44.6 bn
Yahoo says it will evaluate proposal More

Text of the letter that Microsoft sent to Yahoo!'s Board of Directors
I am writing on behalf of the Board of Directors of Microsoft to make a proposal for a business combination of Microsoft and Yahoo!. Under our proposal, Microsoft would acquire all of the outstanding shares of Yahoo! common stock for per share ... More

The tale of two cos in India
Chennai, Feb 1 Microsoft started off its India operations in 1990 and employs over 5,000 people across its six business units. Microsoft India Development Centre, born in 1998 in Hyderabad, contributes to product ... More

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