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Thursday, January 13, 2005

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INFO-TECH

OVERSEAS BORROWINGS


Bharti ties up $354-m foreign loan funding
BHARTI Tele-Ventures Ltd on Wednesday said it had tied up a $354-million loan for paying equipment vendors Ericsson and Nokia for supply of mobile network hardware. Bharti has tied up with Swedish export credit agency EKN for $254 million and ... More

TELECOMMUNICATIONS


MTNL told to pull out `misleading' ad for Garuda
THE Telecom Regulatory Authority of India (TRAI) on Wednesday asked the State-owned Mahanagar Telephone Nigam Ltd (MTNL) to withdraw its advertisement of Garuda fixed wireless services on grounds that it gives the impression that the service is ... More

FINANCIAL PERFORMANCE


Infosys widens clientele, sees good growth in BPO biz
ROBUST customer interest, increased outsourcing and interest in Infosys' technology and consulting practices have resulted in 51 per cent rise in Infosys' net profits at Rs 497.34 crore.There was sustained demand for offshore outsourcing, ... More

Sterlite Optical net at Rs 6.5 cr
STERLITE Optical Technologies has reported a net profit of Rs 6.48 crore for the quarter ended December 31, 2004, as against a net loss of Rs 16.62 crore for the corresponding year-ago quarter. Revenues grew 300 per cent, to Rs 95.86 crore (Rs ... More

Ten-fold rise in Mastek Q2 net; to pay 40 pc interim
MASTEK Ltd has reported a net profit of Rs 11.69 crore for its second quarter ended December 31, 2004. This is around 10 times the net profit of Rs 1.01 crore reported by the company for the corresponding quarter of the previous year. Income ... More

Infosys net climbs 51 pc in third quarter
INFOSYS Technologies reported a 51 per cent growth in its profits for the third quarter at Rs 497.34 crore, and a 49 per cent rise in revenues to Rs 1,875.61 crore, over the corresponding period in the previous year. With a strong interest in ... More

CMC net down 15 pc in Q3
AN overall pressure on margins has resulted in a 14.86 per cent drop in net profit of CMC Ltd for the third quarter ended December 31, 2004; net profit for the quarter stood at Rs 9.28 crore as against Rs 10.89 crore during the corresponding ... More

HARDWARE


Apple unveils $499 Mac Mini
APPLE Computer forayed into the budget PC arena on Tuesday with the Chief Executive Officer, Mr Steve Jobs, unveiling a very small computer for $499 at Macworld Expo in San Francisco. It is the newest and the most affordable Mac ever, Mr Jobs ... More

SOFTWARE


Infosys: Rising rupee to dent income by Rs 187 cr
INFOSYS, which expects its earnings to be Rs 1,956-1,964 crore in the last quarter of this fiscal , said the rising rupee could have an impact on its earnings by as much as Rs 187 crore. Mr T.V. Mohandas Pai, CFO and member of the board, said ... More

Hiring in Infosys at brisk pace
INFOSYS has a total employee strength of 35,229 at the end of the third quarter, up from 32,949 in the previous quarter. Software professionals numbered 33,051 (30,922). A net of 2,280 employees were added during the quarter compared to 5,010 ... More

Microsoft R&D centre takes off — Signs MoU with Govt for GIS mapping
IN the wake of the recent tsunami disaster, the Government is racing along to put in place a geographic information system (GIS). To enable this, it entered into a pact with Microsoft Research India (MSRI) here on Wednesday. Inaugurating ... More

NETworking for tsunami relief
CHENNAI-BASED BridgeOverTW, an online media solutions firm, has joined hands with leading Indian Internet media firms to help raise funds for Irish Red Cross towards tsunami relief. BridgeOverTW was approached by Mr George Thomas, Media ... More

IT TRAINING


Diploma in med transcription
THIRUVANANTHAPURAM: The public sector Keltron has invited application for its six-month-long diploma course in medical transcription. Those who successfully complete the course with the prescribed scores will get placements on a ... More

HUMAN RESOURCES


AP plans animation academy
THE Chief Minister, Dr Y.S. Rajashekhara Reddy, has said that his Government is contemplating setting up of an animation academy to help build human resources. Though the details of the proposed animation academy have been kept under wraps, the ... More

EVENTS


Korean delegation scouts for alliances
A HIGH-POWERED delegation from the Korean Giangjhu province is visiting India and is scouting for alliance partners for the animation sector in that country. Speaking at the Nasscom summit, inaugurated by the Chief Minister, Dr Y.S. ... More

Nasscom chants animation mantra; sees India as a hub
THE National Association of Software and Services Companies (Nasscom) on Wednesday called for a concerted effort of the industry, academia and Governments to tap the huge potential in the global animation industry. Speaking at the two-day ... More



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Top Stories
Gujarat to attract investments over Rs 87,000 crore


Textile export to quota countries in Jan-Dec up 5.48 pc

Gem & jewellery exports rise 43 pc in April-August

Every seventh stock traded hits lower circuit

Infosys widens clientele, sees good growth in BPO biz

Drastic fall in rubber prices unlikely

Industrial output grows 7.9 pc in November

Exports up 23.41 pcin April-December

Is marketing key to box-office success?

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jan. 2-Jan. 8
India, China growth rates may propel IT spend in Asia-Pacific region

IT'll be 1-million strong quite soon

Rs 8,000-cr plan for rural phones

Big response for `.in' domain from India Inc

ADC cut to benefit VSNL, Bharti; MTNL to take a hit

Tax implications of software sale

Mobile subscriber base up 1.9 m in Dec


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