The Hindu Business Line : Friday, August 03, 2007

Spice Mobile launches dual phone
New Delhi, Aug. 2 Targeted at consumers who carry two cell phones, telecom company Spice Mobile has launched Spice Dual phone. It comes in two variants — D88 that supports both GSM and CDMA active connections and D80 that supports two ... More

INFRASTRUCTURE
Land allotment to TCS, Cognizant approved
Cabinet nod for SEZs near Hyderabad More

FINANCIAL PERFORMANCE
Financial Tech Q1 net up 87%
Financial Technologies Ltd has reported a 87.4 per cent rise in consolidated net profit for the quarter ended June 2007. The net profit stood at Rs 71.4 crore as against Rs 38.1 crore recorded in the corresponding quarter last fiscal. Revenues ... More

Persistent net higher at Rs 55 cr
Pune, Aug. 2 Persistent Systems Pvt Ltd, player in outsourced product development, has announced a revenue growth of 43 per cent for the financial year ended March 31, 2007. Revenues during the year stood at Rs 314 crore ($70 million) as ... More

SOFTWARE
Northgate announces 1:1 bonus
Hyderabad, Aug. 2 Northgate Technologies Ltd on Thursday rewarded its shareholders approving a 1:1 bonus issue and a dividend of 40 per cent, while simultaneously securing shareholders nod to raise up to Rs 450 crore.The company at its ... More

Nucleus Software solution for FamilyCredit
Coimbatore, Aug. 2 Consumer finance organisation FamilyCredit, part of Societe Generale Consumer Finance, has signed an agreement with Nucleus Software for revamping its lending process. Nucleus has agreed to implement its retail lending suite ... More

Zensar bags $7-m deal
Zensar Technologies, IT and business process outsourcing services provider, has announced the win of a $7-million deal with a large South African insurance company. This is expected to consolidate the launch of the insurance vertical since it ... More

HUMAN RESOURCES
Rising rupee impacting bench size at IT cos
Recruiters see slowdown in lateral hiring More

MERGERS & ACQUISITIONS
MTNL wants merger talks with BSNL revived
TRAI asked to treat 2 PSUs as single entity for regulatory purposes More

Mistral merges arm with itself
Bangalore, Aug. 2 Bangalore-based Mistral Solutions announced today the amalgamation of its group companies Mistral Software and Mistral Solutions into Mistral Solutions.“Because of its name, Mistral Software has always been ... More

OUTLOOK
Aztecsoft looking at expansion, new verticals
‘Dendrite ODC transfer cause for weak Q4’ More

PEOPLE
New head for Tata Tele
Mumbai, Aug. 2 Mr Anil Kumar Sardana, currently Executive Director of Tata Power Company, will assume charge as Managing Director of Tata Teleservices with effect from August 3, a notice from TPC to the exchanges said.Tata ... More

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