Business Daily from THE HINDU group of publications
Thursday, July 17, 2008
ePaper | Mobile/PDA Version | Audio
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Business Daily from THE HINDU group of publications Thursday, July 17, 2008 ePaper | Mobile/PDA Version | Audio |
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INFO-TECH OUTLOOK: Telecom majors may see 28% rise in profit Subscriber base seen expanding by over 25 million in Q1. Mumbai, July 16 Riding strong net additions in subscribers, the domestic telephony service providers are expected to report an average growth of 28 per cent in net profit for the first ... TELECOMMUNICATIONS: ZTE to ramp up presence in Indian telecom market Shenzhen, July 16 Amid intensifying competition in the telecom space, Chinese equipment vendor ZTE Corporation is aiming to step up its India exposure and hopes to clock a turnover of $1 billion from its operations in the country this year, up ... 
HUMAN RESOURCES:
TCS working to better staff utilisation rateTata Consultancy Services hired 8,982 employees in the first quarter of the fiscal; net employee addition in the quarter was ... HARDWARE: Samsung’s new LCD monitors In a bid to strengthen its IT peripherals business in India, Samsung on Wednesday launched three new LCD monitor series, and forayed into two new product segments — digital projectors and digital photo frames. “The company expects to ... ALLIANCES & JOINT VENTURES: Data centre tool marketing pact Global DataCenter Management has partnered with APW President Systems, a provider of data centre infrastructure, to distribute its nlyte™ solution across India. APW President Systems will be solely responsible for engaging new customers in ... 
FINANCIAL PERFORMANCE:
MindTree posts Rs 13-cr loss in Q1Sticks to guidance despite forex hit. Bangalore, July 16 MindTree Ltd, an IT and R&D services company, reported a net loss of Rs 12.96 crore in the first quarter, largely hurt by a depreciating rupee, pulling its stock down more than 4 per ... 
IT-ENABLED SERVICES:
Vishal Info’s IPO to open on July 21Mumbai, July 16 Vishal Information Technologies, a company in the field of ITES/BPO services and a subsidiary of Tutis Information Technologies, on Wednesday announced that it will be entering the capital markets with an IPO of 27.9 lakh ... 
FINANCIAL PERFORMANCE:
Global slowdown tells on TCS growth; Q1 profit up 7%Mumbai, July 16 The country’s largest software company Tata Consultancy Services (TCS) delivered a second consecutive quarter of muted growth, which it attributed to the general global economic slowdown and foreign exchange fluctuations. ... 
MERGERS & ACQUISITIONS:
HCL Tech to buy UK firmNew Delhi, July 16 HCL Technologies on Wednesday announced the acquisition of Liberata Financial Services (LFS), a UK-based BPO provider and subsidiary of Liberata Ltd, for a consideration of $2 million for value of assets. ... HUMAN RESOURCES: More firms prefer employee referrals to recruiters CUTTING COSTS. Bangalore, July 16 As India Inc takes a prudent view of the economics of running a corporation, the axe is increasingly falling on rising recruitment costs. ... IT TRAINING: HughesNet plans more training centres overseas Thiruvananthapuram, July 16 After kicking-off its international foray with centres in Dubai and Sharjah, HughesNet Global Education (HNGE) plans to start at least 10 more overseas training centres by the end of the calendar year. ... NEW BUSINESS: Solar Semiconductor bags contract from AS Solar of Germany Hyderabad, July 16 Solar Semiconductor, a producer of solar photovoltaic (PV) modules has struck a multi-year partnership with AS Solar of Germany, with a potential business opportunity of $695 million (about Rs 3,000 crore). ... TELECOMMUNICATIONS: TRAI to hike spectrum charges for mobile cos New Delhi, July 16 The Telecom Regulatory Authority of India has agreed to a proposal by the Department of Telecom to increase spectrum charges for mobile operators across the board. ... INDUSTRY ASSOCIATIONS: Nasscom Eastern Region Council
INDUSTRY ASSOCIATIONS:
Nasscom Eastern Region Council Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Related Topics Radar: Resources elsewhere Food: Who pays the price (Video) ADB World Outlook 2008 ADB's Outlook on India Union Budget 2008-09 Railway Budget 2008-2009 Economic Survey 2007-2008 In Focus Remembering Ramachander Ranbaxy-Daiichi deal People's car Other Top Stories ZTE to ramp up presence in Indian telecom market Now, cash back on debit cards to promote spends Biotech sector revenues cross Rs 10,000 cr Govt not to interfere in steel pricing: Paswan Why PE has taken little interest in the Indian mining sector Further rate hike will hit profitability: Kamath Looking back Jul. 6-Jul. 12 IT consulting: Five opportunity areas in retail VAS providers want ‘fair’ revenue sharing BSNL drags down GSM user base growth Infosys betters guidance, pricing outlook clouded |
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