INFO-TECH
OUTSOURCING
Hughes BPO unit sees good traction
THE business process arm of Hughes Software is likely to break even this financial year, top company officials said over the earnings call. The company had tripped on the earlier forecast of break-even timeline for 2003-04. The BPO division ...
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TELECOMMUNICATIONS
AirTel announces temporary cut in ISD rates
MOBILE telephone service provider AirTel today announced a limited period offer for its customers to call the U.S., Europe and Canada at Rs 9.99 per minute during ``off-peak'' hours. The low tariffs are available till the end of the current ...
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HARDWARE
AMD sets up engg centre in Bangalore
CHIPMAKER AMD is setting up an engineering centre in Bangalore to design its next generation microprocessors. The company is investing $5 million in the India Engineering Centre (IEC) and plans to hire about 120 engineers by 2005-end, said Mr ...
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SOFTWARE
Satyam Q4 net up 21.6 pc
SATYAM Computer Services Ltd has recorded a total income of Rs 725.70 crore with a net profit of Rs 140.84 crore for the fourth quarter ended March 31, 2004, with a 33.85 per cent growth in software services and 21.64 per cent in net profit ...
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Infosys seeks to secure entire export earnings
THE billion-dollar Infosys Technologies currently has only $203 million of export receivables secured with a forward cover for exchange rate risk and would like to secure its entire export earnings with such cover. But the Reserve Bank of India's ...
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VisualSoft Q4 income up 23%
VISUALSOFT Technologies Ltd has recorded total income of Rs 42.03 crore with a net profit of Rs 8.52 crore for the fourth quarter ended March 31, reflecting a 22.58 per cent growth in total income and marginal 1.17 per cent in net profit over the ...
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Thomson Financial to expand Bangalore centre
THOMSON Financial, an operating unit of Thomson Corp, plans to employ 1,500 professionals in its Bangalore centre by mid-2005, according to the Chief Executive Officer, Mr David Shaffer. The centre now employs 875 people. The company opened a ...
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Arexera lifts Aftek Q3 net
AFTEK Infosys Ltd has recorded a 20.27 per cent increase in net profit at Rs 13.07 crore for the third quarter ended March 31, 2004, as against Rs 10.87 during the corresponding period in the previous year. Aftek's investment in Munich-based ...
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Satyam aided by volume growth, stable pricing
BUOYED by good volume growth and stable pricing environment, Satyam Computers has turned in an encouraging performance for the second successive quarter ended March 31, 2004. However, rupee appreciation towards the close of the latest quarter ...
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iGATE Global hopeful of turnaround this fiscal
IGATE Global Solutions Ltd has reported a net loss of Rs 7.86 crore for the fourth quarter ended March 31, as against a net profit of Rs 10.26 crore in the corresponding period last year, after it took a hit of one time charges relating to ...
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HUMAN RESOURCES
Satyam to hire 4,000 techies in fiscal 2005
PITCHING aggressively towards acquisitions, both in terms of services as also business process outsourcing, Satyam Computer has enlisted the services of consultants and plans to recruit about 4,000 people during fiscal 2005. The Chairman of ...
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REGULATORY BODIES & RULINGS
TRAI urges tax holiday for broadband sector
THE Telecom Regulatory Authority of India (TRAI), which is set to come out with its recommendations on broadband in the next couple of days, has suggested a tax holiday for the sector to increase Internet penetration in the country. "We will ...
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