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Wednesday, January 14, 2009
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INFO-TECH

OUTLOOK: Infosys Q3 net rises 33% on higher earnings growth
Muted guidance for March quarter; next 12-18 months challenging. Bangalore, Jan. 13 Defying the economic slowdown, Infosys posted better-than-expected earnings growth for the December quarter aided by a weaker rupee and improved operational ...

AUDITING: Heat now turned on Price Waterhouse
CID looks for evidence, documents relating to Satyam at auditor’s offices. Hyderabad, Jan. 13 With the key players in the Rs 7,136-crore financial fraud at Satyam Computer Services – the Raju brothers and the CFO, Mr V. Srinivas ...

ECONOMIC OFFENCES: Satyam case referred to Serious Fraud Office
Govt asks the body to submit report in three months. New Delhi, Jan. 13 Getting a clear indication of serious financial irregularities by the erstwhile management of Satyam Computers Services Ltd, the Government has referred the matter to the ...

NEW BUSINESS: TCS bags chunk of World Bank projects serviced by Satyam
New Delhi / Mumbai / Bangalore, Jan. 13 Tata Consultancy Services (TCS) has clinched a “significant” portion of World Bank contracts that were previously serviced by Satyam Computer ...

HUMAN RESOURCES: Infosys bullish, to exceed hiring target
Estimates recruitments to go up to 27,000 by March. Bangalore Jan. 13 Bullish on long-term prospects, Infosys is gearing up to bid for any opportunities that are likely to come up while tracking the economic revival in major markets such as the ...

SOFTWARE: Infosys parking funds with public sector banks
Chennai/Bangalore Jan. 13 A couple of weeks ago, while waiting in a queue at a wedding reception, one asked the owner of a small and medium scale enterprise about whether he was getting the benefit of lower rates. He didn’t think he ...

HUMAN RESOURCES: Satyam staff: The smiles are back, nervously
Hyderabad, Jan. 13 After a week of shock, scepticism and anxiety, the smiles are back on the faces of a lot of Satyamites, albeit with a bit ...

ECONOMIC OFFENCES: Satyam: Truth in trickles
So, the muck is gradually beginning to filter out of Satyam. The ex-CFO, Mr Srinivas Vadlamani is, as they say, singing in custody and spelling out murky details. We appear set for a long, agonising period ahead as the scandal unravels, piece ...

INSIGHT: Showcase capitalism
In an interview with this paper a day before he was picked by the government for the reconstituted board of Satyam Computers, the HDFC Chairman, Mr Deepak Parekh, had this to say about the erstwhile independent directors of the hobbled ...

STOCKS: Rolta slumps on talk of offloading by financier
Stock gets on revival path after co denies story. Mumbai, Jan. 13 The stock of engineering solutions major Rolta Ltd plummeted by about 60 per cent to hit its 52-week low in intraday trading on the bourses on Tuesday, fuelled by market rumours ...

SOFTWARE: Ciba expected to continue contract with Satyam
BP, Nestle keeping options open. Mumbai, Jan. 13 Even as major customers of Satyam Computer Services have started exploring alternative options, Switzerland based specialty chemicals maker Ciba Holding AG is expected to continue its existing ...

SOFTWARE: Legal fraternity not impressed
Mumbai, Jan. 13 The Government’s ordering of an investigation by the Serious Frauds Investigation Office (SFIO) into the Satyam accounting fraud has been received with a tinge of cynicism by the legal fraternity and other ...

TELECOMMUNICATIONS: Tata Teleservices COO elevated
Mr S. Ramakrishna, Chief Operating Officer, AP Circle of Tata Teleservices Ltd, will also be in-charge of Orissa circle as part of his elevation in the company. “I look forward to expanding and consolidating Tata Indicom’s operations ...

TELECOMMUNICATIONS: DoT agrees to increase 3G reserve price
Legal dept rules out need for TRAI ratification. New Delhi, Jan. 13 In a bid to get the auction process for 3G mobile services back on track, the Department of Telecom has proposed a compromise formula to fix the reserve price at Rs 3,540 crore. ...

OUTLOOK: Infosys eyeing acquisitions in consulting, ERP space
New Delhi, Jan. 13 Infosys Technologies on Tuesday said it is looking to acquire companies in areas such as consulting and ERP. The buyout could entail firms with revenue up to $1 billion, a senior Infosys ...

SOFTWARE: ‘Form new co to save Satyam biz, staff’
Mumbai, Jan. 13 The Government should establish a new company to which could be shifted the business and employees of Satyam Computer, according to Mr H.P. Ranina, a well ...

SOFTWARE: Some Satyam clients approached us: Infosys
Bangalore, Jan. 13 Infosys said it would not proactively go after customers of beleaguered Satyam Computer Services, but would take them on board if they agreed to the company’s terms and ...

ANNOUNCEMENTS: Clarification
In response to media reports, Ruchi Chopra, Group Head - Communications, Luthra & Luthra Law Offices, New Delhi, ...

FINANCIAL PERFORMANCE: CMC’s third-quarter net up 19%
Mumbai, Jan. 13 CMC Ltd, a subsidiary of Tata Consultancy Services, today reported a 19.12 per cent rise in consolidated net profit for the third quarter ended December 31, 2008 to Rs 25.98 crore from Rs 21.81 crore reported in the same quarter ...

IT-ENABLED SERVICES: Satyam fraud could hit rural BPO units
Hyderabad, Jan. 13 Besides casting doubts over the future of 53,000 jobs in cities, the Satyam fraud also hit vulnerable people in rural areas, who are working in rural BPOs set up by the ...

FINANCIAL PERFORMANCE: Cost management, rupee help earnings
No positive signs on business environment. BL Research Bureau Infosys Technologies has come up with a reasonable earnings picture for the latest December quarter more due to internal cost management and fine-tuning of operating metrics, rather ...

From eWorld

HARDWARE: A new stream of revenue
Hardware players are wooing clients with new fare — virtualisation and consolidation are lures, for sure.. As the ripple effects of the global economic slowdown reach Indian shores, hardware giants such as Hewlett Packard, Sun ...

INTERVIEW: Your mobile number — for keeps
Indian mobile users will soon get the benefit of Mobile Number Portability (MNP), which will allow them to change their operator without having to give up their phone number. Navin Suri, Vice-President, Telcordia, one of the companies ...

SOFTWARE: Shot in the arm for patients
One patient at home is task enough so you can imagine how hospitals manage. Healthcare management software helps smoothen the work of both doctors and patients. In a burgeoning healthcare market, the iSOFT eHIS is an interesting ...

STOCK MARKETS: When every second counts
9:57 a.m.: “Your order is currently being ...

INTERVIEW: Falling short on security
There are serious gaps in information security, warns Teknotrends Software.. Many security aspects are being discussed threadbare in the context of the recent Mumbai terror attack. From an information technology (IT) perspective, the most ...

INTERVIEW: ‘Satyam case unlikely to slow offshoring rate’
Even given Satyam’s shocking disclosures last week, there still is no alternative to India as a location, says Value Leadership Group.. Satyam Computer Services’ pricing has been more aggressive causing its services to cost less than ...

BOOKS: Smart on the job
Who is better at work and multi-tasking — Net Geners or the older?. Who are better at work — the young or the older? To see whether young people really can multitask more effectively than older people, the Oxford Future of the Mind ...

HARDWARE: Visibility sells
If you are looking for a better return on your advertisement budget, or are considering newer channels of reaching out to customers, search engine marketing could be your answer.The medium, which is still relatively small in India, is ...

TELECOMMUNICATIONS: A little more privacy, please
...

CYBER QUEST: Quiz
V.V. Ramanan. 1. Name the first World Wide Web browser written for Windows PCs that debuted on June ...

CARTOON: Cartoon
“Can you call back a little later? He’s on the ...






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Markets (Jan 13)
Nifty (at close)2,744.95(-28.15)
US Dollar (Buy/Sell)49.12/13
Brent crude (a bbl) Rs2,066
Gold (a gram) Rs1,212
Silver (a kg) Rs18,430


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In Focus
Who is hiring?

More

Other Top Stories
UB finds Cobra Beer ‘over-valued’

DoT agrees to increase 3G reserve price

Consumers tighten their purse strings

Indians posted abroad may get exemption from paying for social security

Infosys eyeing acquisitions in consulting, ERP space

RIL seeks level playing field for restarting petro retail biz

Ciba expected to continue contract with Satyam

‘Form new co to save Satyam biz, staff’

Looking back
Jan. 4-Jan. 10
Satyam promoters’ stake falls below Aberdeen Group

Hiring outlook positive; but at slower pace

Evaluations over, no pink slips: Satyam

Equity sale by new telcos: TRAI seeks details

Satyameva jayate!

Price Waterhouse hides behind client confidentiality

Forrester sees delay in sales cycle

Satyam’s loss is others’ gain

IT vendors get ‘feelers’ from Satyam clients

Can confession help Ramalinga Raju?

IT majors prefer to park cash with Indian banks

HCL Tech, Genpact reach out to clients

Life



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