INFO-TECH
STORAGE
NetApps to ramp up centre
NEW DELHI: Network Appliance, a US-based data storage company, on Tuesday said it would have 10 per cent of its global workforce in India by 2005 as it plans to increase the number of people in the country to 300 from the present ...
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TELECOMMUNICATIONS
Mobile connections eat into BSNL's fixed line client base in B'lore
GROWTH in mobile connections has eaten into the fixed line subscriber base of BSNL's Bangalore region with around 10,000 subscribers surrendering their connections during the current fiscal. BSNL's Karnataka Telecom Circle Chief General ...
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STOCKS
GTL on the rise
THE GTL stock, recently off from the list of trade-to-trade counters, saw a rise in price and volumes on the major bourses on Tuesday. It closed at Rs 120.85 (Rs 115.95) and 25.71 lakh shares changed hands on the Bombay Stock Exchange. On the ...
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FINANCIAL PERFORMANCE
Zensar Tech net up 75 pc in 9 months
ZENSAR Technologies has posted a net profit of Rs 8.12 crore, for the nine-month period ended December 31, 2003, up 75 per cent against Rs 4.64 crore recorded during the same period last year. During this period, the revenue grew at 14 per ...
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Europe biz buoys Hexaware profits
"In order to protect us from rupee appreciation, we have taken forward cover for next 12 months for all the dollar revenues that we would get from overseas," explained Mr Atul Nissar, Chairman, Hexaware.
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Sonata posts lower Q3 net
SONATA Software Ltd has reported a lower net profit of Rs 2.86 crore for the third quarter ended December 31, 2003 as against a net of Rs 4.37 crore in the corresponding period last year. Total income for the quarter stood at Rs 16.77 crore (Rs ...
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TVS Electronics net slips in fourth quarter
TVS Electronics Ltd has recorded a 4.75 per cent slump in net profit to Rs 60 lakh for the quarter ended December 2003 as compared to Rs 63 lakh for the same period in the previous year. Net sales rose 8 per cent to Rs 64.64 crore (Rs 59.87 ...
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Moser Baer sells more DVDs; net up 65 pc in Q3
MOSER Baer India Ltd (MBIL), maker of compact discs and other optical storage media, on Tuesday said its net profit in the third quarter rose by 65 per cent on increased sales of digital versatile disks (DVDs). Net profit of MBIL in the ...
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Tata Elxsi Q3 net up 38 pc
TATA Elxsi has reported a net profit of Rs 5.58 crore for the third quarter ended December 2003, an increase of 38 per cent over Rs 4.03 crore registered in the corresponding period last year. The company recorded a revenue of Rs 38.85 crore ...
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SOFTWARE
TCS to benefit from Fujitsu contract
TATA Consultancy stands to benefit 120 million pounds (UK) from an 896 million pounds contract won by the Fujitsu Alliance — of which TCS is a member — from National Health Service of the United Kingdom. TCS is the only Indian ...
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Euclid raises $4.5 m, scouts for partners
EUCLID Inc, a US-based IT management software solutions provider having a development centre here, has raised another $4.5 million over and above the $8 million last year. The company plans to invest the amount in its product development centre ...
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H-P agrees to Rs 850 as exit price for Digital GlobalSoft
HEWLETT Packard has accepted a final exit price of Rs 850 for each share of Digital Globalsoft Ltd, which it is buying back through a reverse book-building process in a bid to make it a 100 per cent subsidiary and de-list its shares. HP had ...
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Corio to expand operations
BANGALORE: Corio India, a subsidiary of US-based enterprise application service provider, Corio Inc, is expanding its operations. The company expects to further augment its strength in the coming quarters to service global customers, ...
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SECURITY
Mydoom worm on prowl
SYMANTEC, an Internet security solutions provider, has announced that it has upgraded the W32.Novarg.A@mm (also know as W32.Mydoom@mm) from a Level 3 to a Level 4 threat based on how fast the threat is ...
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IPOS
Patni Computer IPO oversubscribed
MUMBAI: The initial public offering of Patni Computer System Ltd was oversubscribed 2.75 times on the first day of issue. Against a issue size of 1,87,24,000 shares, 61.5 million shares were applied with 99 per cent of subscribers bidding ...
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