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Thursday, April 28, 2005

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OVERSEAS BORROWINGS


MosChip completes $7.3-m GDR issue
HYDERABAD: MosChip Semiconductor Technology Ltd has informed the Bombay Stock Exchange that it has has completed the offering of 45.54 lakh global depository receipts (GDRs) priced $1.60 a GDR, representing 91.07 lakh equity shares of a ... More

TELECOMMUNICATIONS


Temasek proposal to pick up Idea stake awaits CCEA nod
NOTWITHSTANDING objections raised by the Department of Telecom (DoT), the Foreign Investment Promotion Board (FIPB) has referred a Temasek Consortium proposal to pick up 47.6 per cent stake in Idea Cellular for approval from the Cabinet Committee ... More

FINANCIAL PERFORMANCE


Patni Q1 net up 21%
PATNI Computer Systems Ltd has reported a net profit of Rs 68.23 crore for its first quarter ended March 31, 2005 compared to Rs 55.96 crore for the quarter ended March 31, 2004, an increase of 21 per cent. The company reported revenues of Rs ... More

Cognizant Q1 net rises 62 pc
COGNIZANT Technology Solutions Corporation, the US-based provider of IT services with strong offshore presence in India, has reported a net profit of $32 million on revenues of $182 million for the first quarter ended March 31, 2005, as against a ... More

Virinchi net up 59 pc
HYDERABAD: Virinchi Technologies, an e-business collaboration solutions provider, closed the financial year 2004-05 with a growth of 71.85 per cent to register turnover of Rs 18.3 crore against Rs 10.65 crore in the previous fiscal. Net ... More

Polaris Soft posts lower net
POLARIS Software Lab Ltd has reported reduced net profit of Rs 5.80 crore on revenues of Rs 196.42 crore for the quarter ended March 31, 2005 as against a net profit of Rs 10.52 crore on revenues of Rs 170.30 crore for the corresponding quarter ... More

HARDWARE


eServer X3 platform
NEW DELHI: IBM has introduced the eServer X3 architecture, the culmination of three years, $100 million development effort, to bring mainframe-inspired capabilities and high-end technology to businesses seeking to bring mission-critical ... More

SOFTWARE


Teledata gets $12-m order
CHENNAI: Teledata Informatics Ltd has announced that Bunge SA, a Fortune 100 company, has placed an order for IT solutions worth $12 million with the company. Teledata will provide customised IT solutions to Bunge SA, Teledata has said in ... More

Infotech ties up with Ten Sails
HYDERABAD: Infotech Enterprises Ltd has announced that it has entered into a strategic alliance with Ten Sails, the location technology business builder, to offer a mix of solutions, services and technology expertise to the global ... More

Sonata, California Soft tie up
BANGALORE: Sonata Software has tied up with US-based California Software Corporation, a provider of software for legacy extension, business intelligence and loan production for the financial services sector. Sonata will provide services ... More

INTERNET


Global trade on eBay India picks up
GLOBAL trade on eBay India, the online market place, has picked up since the technological integration of Baazee.com with eBay and the full use of eBay's brand name became operational. Indian users have got access to the eBay global market ... More

HUMAN RESOURCES


KPIT Cummins to hire 1,000 more
KPIT Cummins Infosystems Ltd is all set to recruit 1,000 professionals during the current year with an emphasis on foreign interns. The company, which currently has more than 1,500 professionals, would be touching 2,500 by the end of the ... More

BROADBAND


Dishnet launches Wi-Fi services in Chennai
DISHNET Wireless Ltd, part of the Chennai-based Sterling Infotech Group, has launched its Wi-Fi (wireless fidelity) services in Chennai. The company plans to invest Rs 250 crore in the next 12 months to promote the new service across India, ... More


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Looking back
Apr. 17-Apr. 23
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India still has edge in ITES: Experts


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