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INFO-TECH
HUMAN RESOURCES:
Satyam overstated headcount numbers, says CID counsel
Only 40,000 employees on record; ‘funds diverted to acquire lands’. Hyderabad, Jan 22 As the saga of ‘fudging and manipulations’ of finances by Mr B. Ramalinga Raju, the ex-Chairman of the Rs 7,136- crore scam hit Satyam ...
ECONOMIC OFFENCES:
Ramalinga Raju’s salary is lowest among peers!
Bangalore, Jan. 22 Mr Ramalinga Raju’s total remuneration as the Chairman of Satyam Computer Services Ltd was lower than that of the chief executives and chairmen of the other top four Indian IT services companies, a comparative ...
ECONOMIC OFFENCES:
Satyam effect: 70 firms report director exit
Mumbai, Jan. 22 Even as the Government is finding it difficult to appoint a full-fledged Board of Directors for the troubled Satyam Computers Services, about 70 companies have reported that some of their directors, many of them independent ...
MERGERS & ACQUISITIONS:
iGate eyes taking over parts of Satyam
Waiting to hear from the Board; working out ways to bring in cash. iGATE Inc is in the fray to take over parts of the beleaguered Satyam Computer Services. Speaking to Business Line, Mr Phaneesh Murthy, CEO, iGATE, said, “Employees and ...
ECONOMIC OFFENCES:
Little known agri firms ‘lent’ Satyam Rs 1,230 cr
Investigating agencies probe identity of firms, source and use of funds. Hyderabad, Jan. 22 The Registrar of Companies (RoC) team, investigating the Rs 7,136-crore Satyam Computer Services fraud, has stumbled upon vital documents that show flow ...
CORPORATE GOVERNANCE:
Wipro has Rs 5,831-cr liquid investments
Two thirds held in cash. Bangalore, Jan. 22 Wipro Ltd has liquid investments to the tune of Rs 5,830.6 crore at the end of the December quarter, parked in various instruments such as cash deposits, money market mutual funds and certificate ...
STATES:
Bharti Q3 net rises 25% on record subscriber additions
New Delhi, Jan. 22 Riding on a record number of subscriber additions Bharti Airtel Ltd on Thursday announced a 25 per cent increase in its net profit to Rs 2,159 crore for the third quarter ended December 31, 2008 compared with Rs 1,722 ...
INSIGHT:
3G: Unique IDs for a billion-plus Indians
I had earlier shared my thoughts on how 3G technology can facilitate business in India. However, for India to gain the global leadership in this domain, we need to create an ecosystem of operators, vendors and regulators who work in tandem to ...
FINANCIAL PERFORMANCE:
Idea Q3 net dips 7%
Consolidation of Spice shareholding weighs on numbers. Mumbai, Jan. 22 Idea Cellular has reported a 7.2 per cent dip in its consolidated net profit for the third quarter ended December 31, 2008 at Rs 219.5 crore, against Rs 236.7 crore reported ...
HUMAN RESOURCES:
SFIO also to examine Satyam’s headcount inflation angle
New Delhi, Jan. 22 The Serious Fraud Investigation Office (SFIO), which is investigating an entire gamut of financial irregularities in the troubled Satyam Computer Services, is also going to examine whether the company inflated the ...
TELECOMMUNICATIONS:
RCom buys back FCCBs worth Rs 48 cr
Mumbai, Jan. 22 Anil Ambani group company Reliance Communications has bought back some of its foreign currency convertible bonds (FCCB), for the second time in the last one month ...
TELECOMMUNICATIONS:
Kerala CM urges Centre to speed up takeover of ITI unit
The Kerala Chief Minister, Mr V.S. Achuthanandan, has urged the Union Defence Ministry to speed up the process of taking over the unit of Indian Telephone Industries (ITI) ...
SOFTWARE:
Satyam customers approach Infotech
‘Good probability that we may consider the proposals’. Hyderabad, Jan. 22 Infotech Enterprises Ltd, a leading engineering design services and GIS player in India, has admitted that a few customers of Satyam Computer Services had ...
HUMAN RESOURCES:
Satyam board finalises arrangements for Jan salary for staff
Hyderabad, Jan. 22 The crucial two-day meeting of the board of Satyam Computer Services, which began here on Thursday, has reportedly finalised arrangements for the salaries of the staff ...
HUMAN RESOURCES:
Satyam renews staff health insurance
Hyderabad, Jan. 22 There is a big relief for thousands of employees of the scam-hit Satyam Computer Services across the country on the health ...
ALLIANCES & JOINT VENTURES:
Cambridge Tech, Protege Software end pact
Hyderabad, Jan. 22 Cambridge Technology Enterprises Ltd (CTEL) and Protégé Software Services Inc, US, have mutually agreed to terminate a share purchase agreement, on the grounds of failing to complete ...
ECONOMIC OFFENCES:
SEBI directive to DSQ promoter
Kolkata, Jan. 22 SEBI has ordered Mr Dinesh Dalmia, promoter of DSQ group, and DSQ Holding to purchase 80.3 lakh shares from the entrapped minority shareholders of DSQ Biotech and deposit Rs 122.19 crore in an escrow account for the ...
HUMAN RESOURCES:
Job cuts not to ‘directly impact’ India operations: MS
New Delhi: Even as global IT giant Microsoft Corp on Thursday announced it would cut as many as 5,000 jobs, its India operations are not expected to be “directly impacted” by ...
TELECOMMUNICATIONS:
Mobile additions continue to be prime-mover
Chennai, Jan. 22 Mobile services continued to be the key driver for Bharti Airtel with 8.3 million subscribers being added in the December ...
TELECOMMUNICATIONS:
Going nowhere
New telecom operators sounded the bugle after being awarded licence around a year ago. But they are yet to hit the road.. On February 26, 2008, the Communication and IT Minister, Andimuthu Raja, gave his permission to issue licences to new ...
INTERVIEW:
`Cloud computing is silver lining'
When budgets are being slashed, Cloud offerings help companies think IT as opex rather than capex, says Ranjith Ramakrishnan of Cumulux.. At a time when organisations are frantically trying to cut costs and trim budgets, Ranjith Ramakrishnan, ...
INTERVIEW:
The scene behind the screen
Is the slowdown hitting the media and entertainment sector’s IT spend? HCL on the status of the show.. In these times of recession, are media and entertainment players cutting back on tech spending? Karan Puri, Senior Vice-President, ...
INTERNET:
Add sizzle to your site
For stay-at-home people or small entrepreneurs, the Internet offers a quick start of business and convenience to work at one’s pace and time. But small doesn’t always mean easy. Bigger Web sites, backed by larger investments, often ...
HARDWARE:
Pet peeves and whimsies
Okay, this instalment is going to be on pet laptop peeves. First up, why can’t the laptop remember that I wanted to shut it down before I closed the lid? Why does it still go into standby or sleep mode even after I have shut it down ...
INTERNET:
Sweet downloads
This portal dishes up hot news — and some Tirunelvi halwa too at your doorstep.. It is not unusual for someone visiting you from another city to ask, “Can I get you anything from my end”?Most of us would likely reply ...
E-COMMERCE & E-BUSINESS:
Tickets at a click
How often have you missed that movie or favourite play simply because you didn’t have the time to book the tickets? Bookmyshow.com says it is a concept that is designed to put your social life on track again. Bookmyshow.com has ...
CYBER QUEST:
Quiz
V.V. Ramanan. 1. Which iconic piece of hardware made its debut 25 years ago on January 24 to start a major revolution in the ...
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