The Hindu Business Line : Friday, July 25, 2008

INFO-TECH

VENTURE CAPITAL: Intel Capital to invest $17 m in 3 cos
Mumbai, July 24 Intel Capital, Intel Corporation’s global investment organisation, on Thursday announced its plans to invest $17 million in three Indian companies — Yatra.com (online travel portal), BuzzInTown.com (an ...

RADIO/TV: TRAI favours industry-led body for regulating TRP ratings
‘Self-regulation is the best policy for now’. New Delhi, July 24 The Telecom Regulatory Authority of India (TRAI) has proposed to make the industry-sponsored Broadcast Audience Research Council as the monitoring agency for ...

MERGERS & ACQUISITIONS: Educomp acquires stake in A-Plus Education Solution
Educomp Solutions, an e-learning company, said it would acquire 76 per cent stake in A-Plus Education Solution for Rs 10.75 crore in the next two ...

FINANCIAL PERFORMANCE: NIIT Q1 net up 10% on strong enrolments, school orders
NIIT Ltd on Thursday posted a 10 per cent year-on-year rise in its consolidated net profit for the first quarter ended June 2008 to Rs 17 crore, on the back of strong enrolments and large ...

FINANCIAL PERFORMANCE: Idea net down 14.7%
Mumbai, July 24 Expiry of concessions available on licence fee coupled with foreign exchange losses related to the rupee depreciation caused the GSM mobile operator Idea Cellular to post a 14.7 per cent dip in consolidated net profit for the ...

SOFTWARE: HBS in pact with S. African co
Thiruvananthapuram, July 24 Hages Business Solutions (HBS), based in Technopark here, has signed an agreement with Baitech of South Africa for jointly marketing and executing SAP projects in that ...

FINANCIAL PERFORMANCE: Patni net down 20% in June quarter
Mumbai, July 24 Patni Computer Services has reported a 19.5 per cent decline in consolidated net profit (as per Indian accounting standards) for the June quarter at Rs 119.1 crore as against Rs 148 crore in the corresponding year-ago ...

SOFTWARE: Ramco Systems plans Rs 173-cr rights issue
Chennai, July 24 Ramco Systems Ltd plans to raise Rs 173 crore through a right issue by offering 2.3 crore shares of Rs 10 face value. The funds are to be raised to reduce the borrowings and for working capital. As on March 31, 2008, the ...

TELECOMMUNICATIONS: Strong show by enterprise carrier division
Mobile services continue to propel Bharti Airtel’s growth, but it is also being helped by robust improvement in its Enterprise Carrier division’s performance. ...

SOFTWARE: Softpro announces 10% dividend
The Board of Softpro Systems has recommended 10 per cent dividend for 2007-08. The Chief Managing Director of the Hyderabad-based Softpro, Mr G. Bala Reddy, in a statement said "SoftPro in the process of establishing a development centre in ...