Business Daily from THE HINDU group of publications
Saturday, July 18, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, July 18, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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INFO-TECH OUTLOOK: TCS beats expectations, but sees ‘some shocks in the way’ Q1 net up 19% on growth in key industry verticals, more work shifted onshore. Tata Consultancy Services beat market expectations with a 19-per cent rise in the net profit for the first quarter ended June 30, 2009 in spite of the challenging ... HUMAN RESOURCES: TCS headcount falls for first time Mumbai/Chennai, July 17 The headcount at Tata Consultancy Services was down for the first time in the first quarter ended June 30, as the company has put a near-freeze on hiring. It reported a net addition decline (in headcount) ... MERGERS & ACQUISITIONS: HCL-Axon to buy SAP biz of S. Africa’s UCS group $18.5-million deal to boost HCL’s capabilities in retail space. New Delhi, July 17 HCL Axon, a division of HCL Technologies, on Friday announced the takeover of the SAP practice of South Africa-based UCS Group for a total consideration of ... TELECOMMUNICATIONS: Vodafone Essar project done Ericsson has completed the world’s largest upgrade of a live mobile network at a record pace. To improve quality of service for more than 13 million Vodafone Essar subscribers in the nation’s four key zones including three large ... MERGERS & ACQUISITIONS: Glodyne to buy Broadllyne Tech ... TELECOMMUNICATIONS: Sistema Shyam gets $70-m loan ... FINANCIAL PERFORMANCE: Sasken net rises 47% Forex gains, lower marketing expenses help. Bangalore July 17 Despite a 17 per cent decline in revenues, Sasken Communication Technologies Ltd posted a 47 per cent year-on-year growth in June quarter net profit, aided by foreign exchange gain of ... ALLIANCES & JOINT VENTURES: Novatium, NIIT tie up Chennai, July 17 Novatium Solutions, the Chennai-based provider of simple computing platform, and NIIT Ltd has announced a partnership to deliver training solutions to consumers using Novatium’s Nova netPC, which works on the ... SOFTWARE: CLB allows withdrawal of 4 Govt nominees from Mahindra Satyam New Delhi, July 17 The Company Law Board (CLB) has allowed the Government to withdraw four of its six nominees on the board of Satyam Computer Services Ltd, now known as Mahindra ... INTERNET: Small-town women log in to matrimony sites Ahmedabad, July 17 Internet may soon give the traditional matchmakers a run for their money as matrimony portals are now being put to good use by women-on-the-move to find ... FINANCIAL PERFORMANCE: Mahindra Satyam seeks more time to restate accounts Mahindra Satyam has written a letter to the Company Law Board (CLB), seeking more time to restate the accounts of the ... EDUCATION: George Soros’ hedge fund raises stake in Educomp New Delhi, July 17 Mr George Soros’ hedge fund Quantum has hiked its stake in Educomp Solutions, to nearly six per cent after the purchase of shares worth Rs 112.35 ... HARDWARE: Elcot to issue tender for 1 lakh Rs 13,000 PCs The Electronic Corporation of Tamil Nadu (Elcot) will shortly issue a tender for procuring one lakh desktop computers to be sold to households at a price of around Rs 13,000, according to Dr Santhosh Babu, Managing ... SOFTWARE: Venture capital to India slides 72% in first half Chennai, July 17 Venture capital investment in India has dropped nearly 72 per cent to $117 million over 27 deals during the six months ending June 2009 compared with $413 million investment in 67 deals in the first half of last year, ... PEOPLE: Doctorate conferred on Sunil Mittal Mr Sunil Bharti Mittal, Chairman & Group CEO, Bharti Enterprises, has been awarded the degree of Doctor of Laws honoris causa by the University of Leeds, UK. The University of Leeds awards honorary degrees to people distinguished by ... TELECOMMUNICATIONS: Airtel fixed-line tariff plan Bharti Airtel has launched a new tariff plan for its fixed line service. Priced at Rs549, the Airtel Dost plan offers consumers free calls worth Rs2500 every month for all local Airtel to Airtel mobile and landline calls. Additionally, customers ...
MARKETING: Periphery is centre of focus Tech vendors zoom in on tier-2 and tier-3 cities for new business, particularly from SMEs.. Thirty-five-year-old Subramanian ends up travelling about 15 days a month in the pursuit of new business for his IT company.Nothing new for his ... INTERVIEW: "We don't see a huge mobile WiMAX market" "If the ? mobility business case for WiMAX? was so compelling, then the likes of Verizon, AT&T, Vodafone, and others would make a beeline to roll out WiMAX.". WiMAX-based broadband services are expected to boost India's broadband ...
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