The Hindu Business Line : Friday, January 28, 2005

Indigo Lever picks up stake in tech park
Indigo Lever Shared Services, the BPO arm of the Unilever Group, including Hindustan Lever Ltd, has picked up 26,000 sq. feet in the First Technology Place (FTP), a technology park at Whitefield, Bangalore. Developed by The Chatterjee Group's ... More

Sutherland, Talisma pact
CHENNAI: Sutherland Global Services, a US-based business process outsourcing firm, has announced a partnership with solutions provider Talisma for online customer service and support market. This partnership expands the market reach for ... More

TELECOMMUNICATIONS

Tata Tele plans to invest Rs 250 crore in Kolkata
TATA Teleservices Ltd, which launched its range of services in Kolkata today, is hopeful of increasing its customer base from the present 3 million to around 4.5 million-5 million by end of March this year, according to Mr Ajay Pandey, its ... More

MTNL against retrospective change in licence fee
MAHANAGAR Telephone Nigam Ltd (MTNL) has represented to the Department of Telecom against the retrospective change of licence fee for the period 1999-2001. While the DoT has asked for 12 per cent of the annual revenues as the licence fee for ... More

Reliance Info ties up with Dept of Posts
RELIANCE Infocomm Ltd has tied up with the Department of Posts to deliver its pre-paid cards and vouchers across the State. Addressing a press conference on Thursday, the Chief Executive Officer of Reliance Infocomm (AP), Mr R. Balachandran, ... More

Illegal routing dispute: HC asks BSNL to clarify stand on arbitration
THE Delhi High Court today asked Bharat Sanchar Nigam Ltd to clarify if it was interested in arbitration of its dispute with Reliance Infocomm over the alleged routing of international calls as local ones by the private telecom operator. ... More

Reliance Info shares allotted at discount to 3 more companies
THREE "unknown companies with unknown shareholders" have been allotted shares in Reliance Infocomm at a discounted price, according to fresh allegations today made by sources in the Reliance group. These allegations come on the heels of a ... More

STOCKS

Roshni Nadar exempted from making open offer for HCL Tech
THE Securities and Exchange Board of India (SEBI) granted exemption to Ms Roshni Nadar from making an open offer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the proposed acquisition of shares of HCL ... More

FINANCIAL PERFORMANCE

Bharti Tele Q3 net climbs 131 pc
RIDING on a 75 per cent growth in subscriber base, telecom major Bharti Tele-Ventures Ltd on Thursday announced a profit of Rs 373 crore for the third quarter ended December 2004 compared to Rs 161 crore during the corresponding period previous ... More

Hexaware Q4 net up multi-fold
HEXAWARE Technologies Ltd has reported a multi-fold increase in net profit, at Rs 21.3 crore, for the fourth quarter ended December 2004, compared with Rs 2.86 crore in the corresponding year-ago quarter. Total income increased by 70.4 per ... More

Subex Q3 net up at Rs 8.42 cr
SUBEX Systems has registered a third quarter net profit of Rs 8.42 crore, up from Rs 5.14 crore in third quarter of 2003-04, on revenues of Rs 33 crore compared to Rs 22.86 crore in the corresponding period last year. The Subex board ... More

SOFTWARE

Infosys lists reservation in pvt sector as risk in SEC filing
INFOSYS Technologies has listed the possibility of the Maharashtra Government passing legislation on reservations in the private sector as a risk factor in its latest filings with the Securities and Exchange Commission (SEC) of the US. "We ... More

Wipro, Compuware's excellence centre
BANGALORE: Wipro Technologies and Compuware Corporation on Thursday inaugurated a dedicated centre of excellence (CoE) to carry out application-reliability testing and service management. The CoE, located in the Electronics City campus ... More

ICICI Infotech is now 3i Infotech
SHAREHOLDERS of ICICI Infotech Ltd, at an EGM last week, approved an increase in the company's capital through an initial public offer and also gave their consent to changing the company's name to 3i Infotech Ltd. "This change of name has been ... More