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Friday, July 18, 2008
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SOFTWARE: TCS to increase non-BFSI income
Manufacturing, platform-based BPO doing well. Mumbai, July 17 Tata Consultancy Services (TCS) will continue with its strategy of mitigating the slowdown in the banking and financial services segment by increasing revenues from areas such as ...

TELECOMMUNICATIONS: GSM players oppose one-time spectrum fee
Seek PM’s intervention. New Delhi, July 17 GSM-based mobile operators including Bharti Airtel, Vodafone Essar and Idea Cellular have written to the Prime Minister, Dr Manmohan Singh, against the proposal to impose one-time fee on telecom ...

FINANCIAL PERFORMANCE: Polaris net up 87%
Chennai, July 17 Polaris Software Ltd reported an 87-per cent growth in net profit to Rs 27.01 crore for the first quarter ended June 30, 2008 compared with Rs 14.42 crore in the corresponding quarter last year. Revenues went up by 23 per cent ...

CORPORATE DISPUTES: MTN row: Reliance appoints arbitrator
Mumbai, July 17 Reliance Industries said it has commenced arbitration proceedings in the Reliance Communications-MTN matter, and has nominated Mr Justice B. P. Jeevan Reddy, a former Judge of the Supreme Court, as an arbitrator for resolution ...

HUMAN RESOURCES: TCS to hire more trainees
Tata Consultancy Services (TCS) intends to hire more trainees than experienced hands to its 1.16 lakh strong workforce as part of the endeavour to manage ...

FINANCIAL PERFORMANCE: KPIT net at Rs 13 cr
Pune, July 17 KPIT Cummins, IT consulting and solutions partner, has recorded revenues of Rs 173.68 crore for the first quarter of the current fiscal, registering a 28.38 per cent growth over that in the same quarter last fiscal and a ...

SOFTWARE: Systime sets up global delivery centre in Chennai
Chennai, July 17 Systime Computer Systems Ltd, part of the $250-million CMS group, has launched its global delivery centre (GDC) in Chennai recently. ...

OUTSOURCING: US poll may not impact outsourcing, says Nasscom
Hyderabad, July 17 The US presidential election is unlikely to impact outsourcing as both the candidates have hinted at globalisation and outsourcing as an economic reality, according to Mr Som Mittal, President of National Association of ...

INFRASTRUCTURE: Maytas Properties launches IT SEZ near Hyderabad
Hyderabad, July 17 Maytas Properties Ltd has announced the launch of its first IT/ITES Special Economic Zone (SEZ), with an investment of Rs 2,500 crore, at Bachupally on the outskirts of ...

TELECOMMUNICATIONS: Tata Indicom offers M-Commerce solutions
Tata Teleservices has announced the launch of M-Commerce (Mobile Commerce) solutions that helps customers in booking airline, railway and movie tickets through Tata Indicom Mobiles. ...

FINANCIAL PERFORMANCE: Tata Tele Maharashtra loss at Rs 35 cr
Mumbai, July 17 Tata Teleservices Maharshtra Ltd, the mobile telephony arm of the Tata group, has posted a higher standalone net loss for the quarter ended June 30 at Rs 34.7 crore, compared to Rs 28.4 crore reported a year ...

FINANCIAL PERFORMANCE: TCS Q1: Meets expectations, but pricing concerns remain
BL Research Bureau The numbers delivered by TCS this quarter have been in line with market expectations, but concerns on BFSI clientele and pricing pressure still hold. ...

SOFTWARE: IBM Daksh to invest in KLG Power
IBM Daksh Business Process Services has decided to acquire almost 1.2 per cent stake in KLG Power Ltd, a subsidiary of KLG Systel, for about Rs 12 crore. KLG Power currently focuses on three technology products – Vidushi (software meant for ...

TELECOMMUNICATIONS: Globe7 services in Hong Kong
Globe7 HK Ltd, a wholly-owned subsidiary of Northgate Technologies Ltd, has been selected by the Hong Kong Government to provide mobile phone service with its Globe7@mobile service throughout the territory from Wi-Fi hotspots, the company ...






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