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Tuesday, July 27, 2004

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INFO-TECH

ESOPS
SEBI norms to govern ESOPs of listed cos
THE Government has said that henceforth, the issuance of employees' stock options by all listed companies in the knowledge-based sectors will be governed by the SEBI (Employee Stock Option and Stock Purchase Scheme) Guidelines, 1999. However, ... More

TELECOMMUNICATIONS
Saudi mobile access code
THIRUVANANTHAPURAM: Saudi Arabia has changed the access code for mobile telephones in the country, according to an official release. Henceforth, `0' must be added to `9665' — the code for mobile numbers in Saudi Arabia, the ... More

DoT raises doubts over Hutch Max FDI limit
WITHIN just a few weeks of the Finance Minister, Mr P. Chidambaram, highlighting the "non-transparent" nature of foreign direct investment (FDI) in Indian telecom companies, the investment promotion cell of the Department of Telecommunications ... More

FINANCIAL PERFORMANCE
Cognizant Q2 net rises to $23.8 m
COGNIZANT Technology Solutions Corporationhas reported increased revenue of $138.7 million during the second quarter ended June 30, a 59-per cent increase over revenues in the corresponding quarter last year of $87.4 million. Net profit for ... More

Sonata Software Q1 net up 45 pc
SONATA Software has reported net profit of Rs 4.32 crore for the quarter ended June 30, an increase of 45 per cent over the corresponding previous period. The company recorded a consolidated revenue of Rs 78.83 crore during April-June 2004 ... More

Aptech Q1 net at Rs 5 cr as biz looks up
APTECH Ltd recorded a net profit of Rs 5 crore with global billings of Rs 128 crore during the quarter ended June 30, 2004. Its revenues showed a growth of 23.7 per cent - a year-on-year increase from Rs 22.76 crore to Rs 28.15 crore. Both ... More

HARDWARE
Additional duty on finished imports — PC prices may remain at pre-Budget levels
PERSONAL computer prices are expected to remain virtually unchanged at the pre-Budget levels, with the Government on Monday announcing introduction of an additional duty on finished PC imports to neutralise the impact of the excise duty anomaly ... More

SOFTWARE
Calsoft set to close deal with major shipping line
CALIFORNIA Software Ltd (Calsoft), a Chennai-based software firm, is increasing its presence in the global shipping sector. The company provides information technology services to two global shipping lines, A.P. Moller-Maersk and Mitsui OSK, and ... More

TCS prefers more fixed priced deals
TATA Consultancy Services (TCS) said it aims to sign more fixed price projects as it expects to increase productivity from such projects to boost operating margins. Fixed price projects accounted for 55.5 per cent of TCS' April-June quarter ... More

Dilemma over hedging receipts — Forex swings fox IT cos
TREASURY departments of software companies are in a flap about the way the rupee seems to be headed the current year. With the dollar having depreciated against the rupee over a large part of the financial year 2003-2004, software companies ... More

Plumtree chooses Satyam
HYDERABAD: Satyam Computer Services has been chosen by the Nasdaq-listed Enterprise Web leader, Plumtree Software, as a premier Systems Integrator in India for deployment of the Plumtree Enterprise Web Suite that would see it establishing ... More

New version of OnTrac
BANGALORE: Merittrac Services, a company in the competence assessment and pre-recruitment processing space, announced the launch of OnTrac 3.0 - a Web-based testing application with enhanced features specifically to address the needs of ... More

eQ Tech bags Lockheed order
WHAT does the US Defence Department, Samsung and Motorola have in common? They source their software from Pune-based eQ Technologic (India) Pvt Ltd for data assimilation, data mining and deriving results. eQ Technologic, founded about a decade ... More

BROADBAND

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    Top Stories
    NCDEX launches raw jute, guar gum contracts


    I-T Dept told to focus on non-salaried evaders

    Additional duty on finished imports — PC prices may remain at pre-Budget levels

    Direct tax mop-up records 52% jump

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    Looking back
    Jul. 18-Jul. 24
    Karnataka Budget imposes steep hike in sales tax on hardware, software

    TCS public offer: SEBI says no to participatory notes

    Nasscom to take tax concerns to Minister

    Satyam to spend Rs 150 cr on expansion this year — To open near-shore centre in Hungary


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