INFO-TECH
OUTSOURCING
Fresh BPO investments may dry up, alerts Nasscom
INDIAN business process outsourcing (BPO) organisations face the possibility of a freeze on the flow of fresh captive outsourcing orders from MNCs. The trigger for it has been the recent Government notification that seeks to tax the profits ...
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TELECOMMUNICATIONS
Hutch launches e-TopUp pay facility in Gujarat
HUTCH, the leading cellular service provider in Gujarat with over 8.2 lakh subscribers, on Tuesday announced a voucherless prepaid refill service called `eTopUp' to its customers in the State. Offering freedom to recharge for any denomination, ...
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FINANCIAL PERFORMANCE
VSNL net jumps 121 pc in Q3
A ONE-TIME profit of Rs 94.1 crore from the sale of investment in Inmarsat Ventures Plc, a nearly halved provision for taxation as well as considerably lower current tax has enabled VSNL to report a 121 per cent increase in net profit, ...
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SOFTWARE
Nasscom estimates $12 b software exports this year
PROJECTING a 26-28 per cent growth in software and services exports in 2004, the National Association of Software and Service Companies (Nasscom) is keen to explore new markets in East Asia - - Japan, Taiwan and China. "We have already ...
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'Billing rates improving, margins to get better' — Robust growth in all segments, says Premji
WIPRO Ltd, which recorded a 37 per cent revenue growth in the third quarter, was confident that with broad-based nature of its growth - 13 per cent sequential quarter growth in technology and 10 per cent in its IT business — a strong ...
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Office automation software launched
THE city-based Transversal e Networks (TeN) has launched an office automation software branded `Trans e 2.4'. Mr P.K. Kunhalikutty, Minister for Industries and IT, unveiled the company's new offering. The product, which is a totally Web-based, ...
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iGATE net loss at Rs 2.65 cr; to acquire Symphoni Interactive
iGATE Global Solutions (IGS) on Monday reported a net loss of Rs 2.65 crore for the third quarter ended December 2003 as against a net profit of Rs 3.56 crore in the corresponding period last year. Revenues increased by 46.2 per cent at Rs ...
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Patni keen to grow non-GE business
PATNI Computer Systems Ltd (Patni) is seeking to derisk client concentration through acquisitions. Currently, 44 per cent of its revenues are earned from one client - GE. The challenge for the company lies in growing non-GE business and ...
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GM is single largest client for Wipro
GENERAL Motors (GM) has replaced Transco as the single largest client of Wipro Ltd during the third quarter ended December 2003. GM accounted for 5.3 per cent of Wipro's revenues compared to Transco's 5.8 per cent in the second quarter. Till ...
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PatchEasy software launched
MUMBAI: SecureSynergy launched PatchEasy, its automated patch management solution on Wednesday. The new software would allow enterprises to review and deploy patches that have been tested for interdependencies and compatibility within ...
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IT TRAINING
I2IT to offer courses in Russia
PUNE: The International Institute of Information Technology (I2IT) has signed an agreement with the Russian-Indian Centre for Advanced Computing Research (RICCR) to launch I2IT in Moscow. Mr O.M. Belotserkovsky, President of RICCR, said ...
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MERGERS & ACQUISITIONS
Infotech buys Vargis
INFOTECH Enterprises Ltd, through its US-based subsidiary, Infotech Software Solutions Inc, has announced the acquisition of Vargis LLC, in an all-cash transaction of $2.65 million payable on acquisition and an additional $0.45 million earn-out ...
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