The Hindu Business Line : Tuesday, May 27, 2008

OVERSEAS BORROWINGS
Educomp to raise up to $500 m
Educomp Solutions Ltd on Monday said that the members of the company have passed the resolution to raise up to $500 million through ADR, GDR, FCCB, or QIP, with requisite majority. In a notice to the BSE, the company further said that resolution ... More

NEW BUSINESS
TCS bags $100-m contract from NXP Semiconductors of Europe
Revenues to accrue in Q2 of current fiscal More

AWARDS & HONOURS
Global award for NREGS software
The software developed for the implementation of National Rural Employment Guarantee Scheme (NREGS) has bagged the International Stockholm Challenge Award for 2008. The award was presented to Mr K. Raju, Principal Secretary (Rural Development), ... More

TECHNOLOGY
Bartronics’ RFID-based wristband for patient care
Hyderabad, May 26 Bartronics America Inc, a wholly-owned subsidiary of Bartronics India Ltd, today announced it has implemented radio frequency identification (RFID)-based wrist band that helps better manage patient medication ... More

FINANCIAL PERFORMANCE
TAKE Solutions turnover up 62%
Chennai, May 26 Chennai-based TAKE Solutions Ltd (TSL) registered 62 per cent growth in turnover to Rs 297 crore in 2007-08 from Rs 183 crore last year. According to company press release the net profit also witnessed similar growth to ... More

SOFTWARE
NIIT Tech cargo system for new Bangalore airport
New Delhi, May 26 IT company NIIT Technologies Ltd on Monday announced a collaboration with National Aviation Company of India (NACIL) and Singapore Airport Terminal Services (SATS) consortium for implementation of a Cargo Operations System to ... More

IBM opens new delivery centre in Pune
Pune, May 26 IBM today inaugurated a new global delivery centre to provide clients with business consulting and application services. The new centre is located at Phase II in Hinjewadi, making it the fourth location in the city. ... More

Four Soft software for Thai co
Four Soft Ltd today announced it has been chosen by Bangkok-based PTT Polymer Logistics to deploy its transportation software 4S eTrans to support the latter’s trucking business. In a statement, Four Soft said that this Web-based ... More

MERGERS & ACQUISITIONS
RCom arm buys UK’s Vanco Group for $77 m
More

IMPACT
Vanco acquisition at modest price
Reliance Gobalcom can now eye lucrative markets More

OVERSEAS INVESTMENTS
India IT investments in China set to go up
New Delhi, May 26 The rising Indian IT investments in China are poised to increase substantially in the coming decade and thereafter, as Asia continues to be the dominant force in the world economy and China deepens its engagement with the ... More

OUTLOOK
Reliance Comm opens exclusive talks with MTN
May set up SPV for investments in emerging markets More

US recession has not hit European orders, says Satyam CFO
More

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