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SOFTWARE: Tech Mahindra outlines Rs 638-cr capex plan
To upgrade physical & tech assets over 3 years. Mumbai, July 22 Telecom solutions vendor Tech Mahindra has outlined a capital expenditure plan of $150 million (Rs 638 crore) for the next three years, according to its Chairman, Mr Anand ...

FINANCIAL PERFORMANCE: NIIT Tech Q1 net flat at Rs 35 cr; revenues rise 7%
New Delhi, July 22 IT solutions company NIIT Technologies Ltd today posted a consolidated net profit of Rs 35.1 crore for the first quarter ended June 2008, the same as year-ago period, primarily on account of losses on hedging ...

FINANCIAL PERFORMANCE: Four Soft Q1 net rises
Four Soft has recorded revenues of Rs 65.12 crore with profit of Rs 27.7 crore for the first quarter ending June 30, 2008 as against revenues of Rs 47.05 crore and profit of Rs 3.21 crore for corresponding quarter last year.The Managing Director ...

FINANCIAL PERFORMANCE: Tata Elxsi profit dips 41% on project delays
Confident of meeting its outlook, covering losses. Bangalore, July 22 Tata Elxsi reported a 41.2 per cent drop in the first quarter net profit, largely hurt by project delays from two top customers, sending its shares down 7.46 per ...

M-COMMERCE: RBI reserves nod for mobile payment services
Mumbai, July 22 The Reserve Bank of India has advised banks not to offer mobile payment services until final guidelines for the same are ...

INFRASTRUCTURE: Acquisition begins for Technocity
Thiruvananthapuram, July 22 The Kerala Government has started acquisition of land for the proposed Technocity near ...

OUTLOOK: Patni eyeing cos in product engineering space
Coimbatore, July 22 Patni Computer Systems, according to its Executive Vice-President and Head (European operations), Mr Brian Stones, “is actively considering acquiring business consulting companies and SAP integration units in the ...

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