The Hindu Business Line : Thursday, July 31, 2008

INFO-TECH

INTERVIEW: ‘Market needs stability before spending picks up’
Infosys’ V. Balakrishnan talks about offshoring trends, growth approach. Bangalore, July 30 While it is still too early for the IT industry to predict the business environment for the next couple of quarters and some of the companies ...

TRADE & LABOUR UNIONS: BSNL-union talks on IPO deadlocked
New Delhi, July 30 The deadlock between the Government and the employees union of Bharat Sanchar Nigam Ltd on the proposed Initial Public Offering continued after two rounds of meeting held over the last week. ...

HUMAN RESOURCES: Hexaware to trim workforce by 5%
Fall-out of low utilisation rates, delay in deals. Mumbai, July 30 Hexaware Technologies is likely to end the year with a 4.5 per cent reduction in its workforce. ...

TELECOMMUNICATIONS: 3G policy tomorrow
The much awaited policy on third generation mobile services will be announced by the Communications Ministry on Friday. The Ministry is also expected to announce the policy for broadband wireless services and also mobile number portability on the ...

OUTLOOK: Rolta India sees opportunities in power plant design space
Govt’s plans for nuclear power, defence offer big opportunities. Mumbai, July 30With the Indo-US nuclear deal back on track, city-based technology firm Rolta India aims to double revenues from its power plant design & automation ...

OUTLOOK: Polaris earmarks Rs 70 cr for capex
Chennai, July 30 Polaris Software Lab Ltd will spend Rs 70 crore in the current fiscal towards capital expenditure. This includes spending on infrastructure and on the BPO facility, according to the company’s chief financial officer Mr ...

MERGERS & ACQUISITIONS: Infotech scouting for buys; tier-III cities in growth plan
Visakhapatnam, July 30 Infotech Enterprises Ltd, setting up a branch at Rushikonda here, is looking for acquisitions, as it has enough cash on hand, according to Mr B.V.R Mohan Reddy, Chairman and Managing ...

FINANCIAL PERFORMANCE: MRO-TEK Q1 net down 12.5%
Bangalore, July 30 MRO-TEK, the Bangalore-based manufacturer of access networking devices, reported a 12.5 per cent drop in first quarter net profit, hurt largely by loss on foreign exchange fluctuations, sending shares down 1.5 per ...

OUTLOOK: Mastek betting big on US
Mumbai, July 30 Mastek Ltd expects the US to account for almost half of the firm’s revenues in the next three years as the credit crunch there does not have a direct impact on the city based company’s chosen areas of ...

INFRASTRUCTURE: Vantage location

MERGERS & ACQUISITIONS: ITC Infotech in talks to buy US firm
Kolkata, July 30 ITC Ltd plans to acquire US based information technology firm through its technology subsidiary, ITC Infotech, Mr Y.C. Deveshwar, Chairman of the company, told reporters today after the 97th annual general ...

MERGERS & ACQUISITIONS: Capgemini in pact to buy Dutch firm
Pune, July 30 Capgemini, player in consulting, IT services and outsourcing, has reached an in principle agreement with Getronics Pink Roccade (GPR) for the acquisition of Getronics Pink Roccade Business Application Services BV (BAS BV). ...

ALLIANCES & JOINT VENTURES: NIIT, SAS in global alliance
New Delhi, July 30 NIIT, a talent development company, and SAS Institute Inc, a business analytics software and services player, on have announced a partnership to create a talent pool in business intelligence technologies. ...

FINANCIAL PERFORMANCE: Tulip Telecom profit up 61%
New Delhi, July 30 Enterprise communications service provider Tulip Telecom Ltd on Wednesday reported a 61 per cent increase in its net profit to Rs 45.96 crore for the quarter ended June 30, 2008 against Rs 28.54 crore in the same quarter ...

ALLIANCES & JOINT VENTURES: XL Telecom, Mola Solaire in solar-wafer pact
Hyderabad, July 30 XL Telecom has announced that it has entered into an agreement with German manufacturer Mola Solaire Produktions, for supply of multi-crystalline solar wafers, a key input for solar cell manufacture facility coming up near ...

FINANCIAL PERFORMANCE: Megasoft Q2 profit up 28%
Hyderabad, July 30 Megasoft has recorded revenues of Rs 84.98 crore with a profit of Rs 12.13 crore for the second quarter ended June 30, 2008, a growth of 41-per cent in revenues and 28-per cent in profit against revenues of Rs 60.11 crore ...

HUMAN RESOURCES: New Educomp tools
New Delhi, July 30 Educomp Solutions Ltd has launched ETEN programme to address the employability training needs of students across the country in areas of accounting, soft skills, English language and coaching for CA and accounting ...