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OUTSOURCING
Satyam, Arcelor-Mittal in outsourcing deal
Hyderabad, April 29 Satyam Computer on Tuesday announced it signed an agreement with steel major Arcelor-Mittal, as one of the two global IT services providers to consolidate sub-contractor activities and help in overall business ... More

TELECOMMUNICATIONS
`vtap' service for mobile users
More

TAXATION
Tax waiver for STPI units to continue till March 2010
One-year breather welcome, will help find workable options: Nasscom More

Tax extension to STPI lifts infotech stocks
Rupee fall adds to positive sentiment More

Industry sees gains for small, medium biz
‘Longer-term extension would have been more helpful’ More

FINANCIAL PERFORMANCE
Subex in the red in fourth quarter
Bangalore, April 29 Subex Ltd reported a net loss of Rs 50.56 crore in the latest fourth quarter, but said for fiscal 2009, the company expects earnings of $12 million. For the period, it expects product revenue of $125 million, it ... More

GSS America income, net up
More

Firstsource net dips 40%
Mumbai, April 29 City-based BPO firm Firstsource Solutions has recorded a 40 per cent dip in net profit for the fourth quarter ended March 2008 to Rs 21 crore against Rs 34.9 crore recorded in the quarter a year ago. Due to a loss on ... More

R Systems posts nearly four-fold rise in Q1 profit
New Delhi, April 29 R Systems, a provider of outsourced product development and customer support services, on Monday reported a nearly four-fold rise in consolidated net profit for the quarter ended March 2008 to Rs 7.98 crore against Rs 2.10 ... More

HARDWARE
Laird Tech begins production from Sriperumbudur
Chennai, April 29 The US-headquartered Laird Technologies, manufacturer of customised performance-critical products for wireless and other advanced electronic applications, has announced the setting up of its first offshore manufacturing ... More

INTERNET
Help for Blackberry, Palm users
Frontline Technologies Ltd., a Hyderabad-based IT company, and Airtel partner, has announced the launch of a Web site - www.mobiletechindia.com, a site dedicated for the tech savvy Blackberry and Plam ... More

MERGERS & ACQUISITIONS
3i Infotech buys Regulus
Mumbai, April 29 IT solutions company 3i Infotech has acquired 100 per cent stake in US-based payment processing firm, Regulus Group. 3i Infotech will pay a fixed consideration of $80 million for the buy out; it would also pay an ... More

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