The Hindu Business Line : Tuesday, April 22, 2008

NEW BUSINESS
Chile cancels $70-m TCS contract
An arm of the Chilean Government has cancelled an order barely a day after it was awarded to Tata Consultancy Services, earlier this month, on grounds of alleged irregularity in the award of the contract, launching an investigation ... More

Satyam adds 32 clients
In pursuit of 15-20 large deals More

FINANCIAL PERFORMANCE
TCS posts muted growth on overseas project delays
Fourth quarter net profit at Rs 1,245 cr; US still accounts for 50% of revenue More

Engineering services drive up Infotech Enterprises net in Q4
Hyderabad, April 21 With revenues of Rs 187.4 crore (Rs 151.2 crore) and net profit of Rs 25.9 crore (Rs 21.45 crore) for the last quarter of fiscal 2007-08, the Hyderabad-based Infotech Enterprises Ltd has shown a growth of 23.9 per cent ... More

IMPACT
Sedate numbers from TCS
Concerns on macro-environment remain More

Expanded services, markets lift Satyam net up 18.6%
US slowdown tempers guidance; revenue tops $2 billion More

Good show, but sub-prime woes cast shadow
A tight rein on key operating metrics, changing geographic-mix with reduced US dependence and change in service mix tending to higher-value services have helped Satyam Computer Services deliver a good set of numbers for FY08. But select ... More

SOFTWARE
3M centre of excellence unveiled
3M Commercial Graphics Division, a division of 3M Ltd, announced the launch of the ‘Digital Signage Centre of Excellence’ at the 3M Innovation Centre in Bangalore. This centre, which claims to be a “one-stop shop for digital ... More

Cisco centre at Zensar Tech
More

INTERNET
MySpace platform is open
More

HUMAN RESOURCES
TCS to hire 35,000 this fiscal
Mumbai, April 21 Despite reporting a muted growth during the last quarter of the just ended fiscal due to delays in ramp-ups of some of its overseas clients, Tata Consultancy Services (TCS) has not whittled down its planned investments in its ... More

MphasiS’ College Connect
MphasiS, an EDS company, said Monday it formally launched its College Connect programme to help create talent that can be deployed on real time project work immediately. As part of the initiative, MphasiS will partner with engineering colleges to ... More

MERGERS & ACQUISITIONS
Buys Caterpillar arm, Belgium co
To buy out CA’s stake in joint venture More

ALLIANCES & JOINT VENTURES
Orange Business, Emery Tech tie up to enter long distance telephony
New Delhi, April 21 France Telecom -owned Orange Business Services has finalised a joint venture partnership with Emery Technologies – an investment company owned by Moser Baer’s Managing Director, Mr Deepak Puri. Emery will ... More

PEOPLE
President, Applied Materials India
Applied Materials Inc has said Dr. Madhusudan V. Atre joined the company as president of Applied Materials India, and will be responsible for strategy and operations throughout India. Dr. Atre will oversee alignment, coordination and execution of ... More