The Hindu Business Line : Friday, May 02, 2008

FINANCIAL PERFORMANCE
MphasiS Q1 profit up at Rs 71 cr
MphasiS, an EDS company, reported a 31 per cent increase in revenue for the quarter ended March 31, 2008, to Rs 658 crore. For the period, net profit was Rs 71 crore, compared with Rs 63 crore in the year-ago quarter, the company said in a ... More

Everonn Systems net rises
Everonn Systems India Ltd, the Chennai-based education and training company, reported a net profit of Rs 6.81 crore on revenues of Rs 30.49 crore for the quarter ended March 31, 2008 compared with a net profit of Rs 4.04 crore on revenues of Rs ... More

Aptech Q1 net zooms
Mumbai, May 1 City-based IT education firm Aptech Ltd has recorded a 150 per cent growth in standalone net profit for the first quarter ended March 31 to Rs 57 lakh from Rs 22 lakh reported in the same quarter a year ago. Revenues for ... More

Four Soft sales, net up
Hyderabad, May 1 Four Soft Ltd has recorded sales of Rs 43.69 crore with a net profit of Rs 4.52 crore for the fourth quarter ended March 31, 2008 against sales of Rs 41.16 crore and loss of Rs 10.39 crore for the corresponding quarter last ... More

Aftek Q4 net rises 48%
Aftek Ltd has reported a 48.22 per cent rise in net profit for the fourth quarter ended March 2008 at Rs 28.83 crore against Rs 19.45 crore in the same quarter a year ago. Revenues were up by 46.1 per cent to Rs 120.2 crore (Rs 82.23 crore). ... More

HARDWARE
Cartridge World plans major retail expansion
Hyderabad, May 1 Australian retail chain offering printers and its consumables, Cartridge World, has announced its move to triple retail stores in the country by the year-end.The $450-million retail chain with 1,600-plus stores across ... More

SOFTWARE
Sipera Systems on expansion mode; to hire more
Hyderabad, May 1 Texas-based Sipera Systems Inc, a company which provides enterprises and service providers with security solutions for VoIP and unified communications, is looking at expanding its India operations located out of ... More

FOREIGN DIRECT INVESTMENT
Daltotrade’s plans to hike stake in Meta Telecomm hits hurdle
Home Affairs Ministry refuses security clearance More

MERGERS & ACQUISITIONS
DoT may review M&A norms
New Delhi, May 1 The Department of Telecom may review its mergers and acquisition guidelines following criticism from the industry. The guidelines, which were released on April 22, have been withdrawn from the DoT Web site. Though no official ... More

OUTLOOK
Symphony Services expanding Indian operations
More

PEOPLE
New IAMAI Chairman
The governing board of Internet and Mobile Association of India (IAMAI) has elected Mr Sanjeev Bikhchandani, Founder and CEO of Info Edge India Ltd, as its Chairman for 2008-09. Meanwhile, Mr Ajit Balakrishnan, Founder, Chairman and Managing ... More

NEW PRODUCTS & SERVICES
SatNav tool for laptops, desktops
IT products company SatNav Technologies has announced the launch of navigation and maps service for laptops and desktops targeting individuals. The company had earlier rolled this out for companies. SatNav’s product SatGuide provides ... More

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Address by MOS for Commerce Jairam Ramesh to NASSCOM (pdf)

Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
Higher pay mooted for plantation research scientists

Essar Oil plans petrochem facility at Vadinar refinery

KEC International net zooms

Reliance Power acquiring coal mine in Indonesia

CCEA allows higher fertiliser prices

Cairn gets nod to shift delivery point for Rajasthan crude

Looking back
Apr. 20-Apr. 26
Wipro getting better pricing

‘India facing competition from other APAC nations’

TCS to add 30,000 seats this fiscal

Infosys, Wipro to jointly invest Rs 1,000 cr in Kolkata

Hiring may slow down in coming quarter

TRAI wants 3G auction limited to existing players

India becomes 2nd largest mobile market in the world