Business Daily from THE HINDU group of publications
Tuesday, February 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, February 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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INFO-TECH MERGERS & ACQUISITIONS: SEBI to ease takeover rules; more time to fix IPO price Timelines for bonuses reduced; dividends to be announced on a per-share basis. Mumbai, Feb. 2 SEBI will amend its takeover regulations to ease the path for a possible acquisition of Satyam Computer and also to provide for such extraordinary ... TELECOMMUNICATIONS: You can now choose your STD operator Department of Telecom permits sale of calling cards. New Delhi, Feb. 2 Consumers will soon get the freedom to choose their long distance telephone ... HUMAN RESOURCES: Mastek to put 10% of staff on ‘virtual bench’ Move to stay profitable during downturn. City-based Mastek Ltd has put about 10 per cent of its total employee base on a ‘virtual bench’ for up to 12 months, a move which it says will help it stay profitable in the current ... SOFTWARE: SC to hear SEBI plea to quiz Ramalinga Raju today The Supreme Court will hear on Tuesday a special leave petition filed by the Securities and Exchange Board of India for a direction to interrogate Mr B. Ramalinga Raju and Mr B. Rama Raju, former Chairman and Managing Director, respectively, ... INSIGHT: Window-dressed boards In his Power Point presentation at the Nasscom leadership summit in February 2007 a professor of management from an Ivy League business school quoted from a McKinsey survey of 854 independent directors in the US in which just 52 per cent of ... TELECOMMUNICATIONS: New venture formed to bid for 3G, Wimax licence Former CEOs of Datacom, Reliance Infocomm among promoters. New Delhi, Feb. 2 Four high profile corporate executives, including Mr Ravi Sharma, former CEO of Datacom, Mr Pramod Saxena CEO of Oxygen, Mr B.D. Khurana former CEO of Reliance ... RESEARCH & DEVELOPMENT: Yahoo!, IIIT pact for cloud computing Yahoo!, the leading free mail service provider and Internet search engine company, has tied up with International Institute of Information Technology (IIIT) to take up a key research activity that seeks to enrich cloud computing. Cloud computing ... PEOPLE: 2 Megasoft board directors quit Megasoft Ltd has announced that two directors – Prof. S Sadagopan and Mr L S Venktaramanan – have resigned from the company’s board. While Prof. Sadagopan resigned for personal reasons, Mr Venktaramanan quit after completing ... SOFTWARE: IBM in services deal with Religare IBM is deploying three energy-efficient and green scalable modular data centres in a $3.1-million IT infrastructure services deal with financial services firm Religare Enterprises Ltd. IBM will design, build and maintain the scalable, modular ... FINANCIAL PERFORMANCE: Mindteck net up at Rs 1.83 cr IT services company Mindteck (India) Ltd reported a net profit of Rs 1.83 crore for the December quarter, compared with Rs 0.88 crore in the year-ago period. Revenue increased to Rs 68.70 crore, compared with Rs 23.59 crore in the ... SOFTWARE: Satyam football sponsorship to continue Hyderabad, Feb. 2 In the midst of all the controversy, Satyam Computer Services has managed to complete the university phase of its ambitious initiative to sponsor and promote football in the ... FINANCIAL PERFORMANCE: Moser Baer Q3 loss rises on higher interest costs New Delhi, Feb. 2 Moser Baer India has posted a net loss of Rs 25.65 crore for the quarter ended December 2008, against Rs 20.4 crore loss in the year-ago period, on the back of an increased ... TELECOMMUNICATIONS: RCom to transfer optical fibre biz to Reliance Infratel Mumbai, Feb. 2 The board of Reliance Communications has decided to transfer the optical fibre business of the company to Reliance Infratel, a subsidiary of ... SOFTWARE: Satyam board to meet tomorrow Hyderabad, Feb. 2 The six-member board of Satyam Computer Services will meet on February ... TELECOMMUNICATIONS: Global telecom carriers form industry body New Delhi, Feb. 2 Global telecom service providers providing enterprise telecom services in India announced the formation of an industry body - Association of Competitive Telecom Operators ... MERGERS & ACQUISITIONS: Spice Group buys Cellucom’s Indian arm To invest Rs 100 cr in retail venture. New Delhi, Feb. 2 The Spice Group has acquired a 100 per cent stake in the Indian arm of the Dubai-based mobile retail chain Cellucom in an all stock ... CORPORATE GOVERNANCE: Ruling on Price Waterhouse partners’ police custody today A local court here on Monday reserved the orders for tomorrow on the police custody of Price Waterhouse partners Mr S. Gopalakrishnan and Mr Talluri Srinivas in connection with the Rs 7,136-crore Satyam ... FINANCIAL PERFORMANCE: Firstsource Solutions Q3 net down 44% Mumbai, Feb. 2 Firstsource Solutions has reported a 44 per cent dip in net profit for the third quarter ended December 31, 2008, as it incurred one-time costs associated with recruitment of nearly 3,000 employees and commissioning of four ... OUTLOOK: SemIndia systems biz to break even by March-end Bangalore, Feb. 2 SemIndia Inc expects to commission its assembly, test, marking and packing (ATMP) facility in Hyderabad in the second half of this calendar year, while its systems business would break-even by end of the current ...
ECONOMIC OFFENCES: From spotlight to shadow The man who added sheen to Madhapur, considered to be the Silicon Valley of AP, has now fallen into disrepute.. Though cliched, the best description for Madhapur, the hub of all IT activity in Andhra Pradesh, would be that it was just a ... ELECTRONICS: The power of cause and effect Economic crisis reports hit sales for this electronic components manufacturer — with no real dip in demand. Unravel this chain and you get the real picture.. Recently, we spent time with a group of top managers of a Japanese company, a ... INTERVIEW: ‘Share telecom resources to deliver more value’ This is the message of the former chairman of VSNL to public and private players.. By sharing infrastructure, innovation and expertise, by avoiding duplications or re-inventing the wheel or the sliced bread, the public and private sector ...
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