INFO-TECH
TELECOMMUNICATIONS
Decision on Max India foreign equity on hold
THE Foreign Investment Promotion Board has deferred a decision on the proposal from Max India Ltd to increase foreign investment in the company from 14 per cent to 59.7 per cent following objections raised by the Department of Telecom. As per ...
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`BSNL fails to popularise Caller ID facility'
WHILE private players boast about `freebies' and value-added offerings, the State-owned telecom service provider Bharat Sanchar Nigam Ltd (BSNL) has, even after 18 months of making an announcement about offering the Calling Line Identity ...
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STOCKS
MosChip allots equity shares
HYDERABAD: MosChip Semiconductor Technology Ltd has informed the BSE that it has allotted 33,43,580 equity shares of Rs 10 each at a premium of Rs 25 per share. The company's board approved this share allotment at its meeting held on ...
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FINANCIAL PERFORMANCE
i-flex Solutions Q1 net up 9.2 pc
i-flex Solutions Ltd recorded a 9.2 per cent growth in net profit at Rs 41.5 crore for the first quarter-ended June 30, 2004 as compared to Rs 38 crore registered during the previous year's corresponding quarter. Revenues rose by 22.64 per cent ...
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VSNL net zooms 93 pc
VSNL has reported a 92.7 per cent jump in net profit at Rs 126.8 crore for the first quarter ended June 30 against Rs 65.8 crore recorded during the corresponding previous period. Consequent to a settlement reached during the quarter, an amount ...
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Tata Elxsi net up 132 pc
TATA Elxsi, the technical computing arm of the Tata Group, announced a 132 per cent jump in net profits to Rs 4.39 crore for the quarter ending June 30, 2004, compared to Rs 1.89 crore in the corresponding period last year. Revenues for the ...
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SOFTWARE
Rs 75-cr Satyam cyber park opens today
SDE Engineers Ltd, an infrastructure company, has developed a new Rs 75-crore techno campus for Satyam Computer Services Ltd with a capacity to host about 3,500 engineers. Addressing a press conference here, the Chairman of SDE Engineers, Mr ...
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Bangalore school gets `global' status with new educational software
THE Bangalore-based Bishop Cotton Boys' School became a future-ready educational institution, with the implementation of Lyceum, a connected Learning Solution, whose scope includes Educational ERP, a global Connected Learning Community and ...
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Software for treasury ops
CHENNAI: VKC Software Solutions (P) Ltd has launched software to help companies manage their entire treasury operations. Called TRIAD, the Web-based solution can handle all complexities of a modern treasury. It is also an integrated ...
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Nucleus Software plans to ramp up US presence
NUCLEUS Software has said that it plans to substantially ramp up its onsite development presence in the US by adding up to 40 professionals by the end of the current financial year to serve American clients. "We have a subsidiary in New Jersey ...
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ALLIANCES & JOINT VENTURES
Sierra, RightNow in pact
HYDERABAD: Sierra Atlantic and RightNow Technologies, a company focussed on Customer Relationship Management (CRM), on Friday announced a partnership to provide Global 2000 organisations with integrated CRM solutions. The partnership ...
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IPOS
TCS issue gets oversubscribed by 1.43 times on second day
TATA Consultancy Service's initial public offering was sold out on the second day of the issue, according to data from the stock exchanges. The issue received bids for 7.96 crore shares as of 5 p.m. on Friday, implying a subscription rate of 1.43 ...
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