The Hindu Business Line : Wednesday, July 13, 2005

Reliance Infocomm challenges penalty for `call re-routing'
RELIANCE Infocomm has filed a petition with the Supreme Court challenging an order of the Telecom Dispute Settlement and Appellate Tribunal (TDSAT) upholding imposition of a penalty of Rs 150 crore on it by the Government for allegedly routing ... More

BSNL to launch video conferencing services next month
IN ORDER to provide value addition, state-owned Bharat Sanchar Nigam Ltd is all set to offer video conferencing facilities to its broadband clients by next month. BSNL has tied up with integrated communication solutions provider Polycom for ... More

Mobile top-up at 500 ATMs of Oriental Bank
ORIENTAL Bank of Commerce (OBC) has launched mobile recharge facilities at its 500 ATMs. Customers can now recharge prepaid mobile connections of all operators, including Airtel, Hutch, Idea, Reliance India Mobile, Tata Indicom, BSNL_Excel, ... More

STOCKS

Patni board okays secondary ADS offer
THE board of directors of Patni Computer Systems Ltd has approved the proposal of sponsoring a secondary American Depository Shares Offering (ADS Offering) against equity shares held by its existing shareholders in India. The ADS Offering will ... More

VSNL hits new 52-week high
SHARES of Videsh Sanchar Nigam Ltd gained sharply on the BSE and NSE by 18 per cent.. The stock touched a 52-week high of Rs 332.9 on the BSE and closed at Rs 329.15. This was Rs 51.05 above yesterday's closing price of Rs 278.10. Brokers ... More

FINANCIAL PERFORMANCE

MphasiS Q1 net dips as BPO revenues fall
MPHASIS BFL Ltd reported a lower net profit of Rs 9.02 crore for the first quarter this fiscal, compared to Rs 12.79 crore in the same period last fiscal. Quarter on quarter profits fell from Rs 21.32 crore in the fourth quarter of 2004. During ... More

HARDWARE

Intel team coming for talks on unit
A TEAM of senior Intel officials from US is likely to visit India this week to hold discussions with the Government on the proposal to set up an Advanced Test Manufacturing facility. According to Government sources, the team is slated to meet ... More

SOFTWARE

Infosys Q1 net profit up 37 pc — Stock falls 4.12 % as results disappoint market
INFOSYS Technologies disappointed the markets on Tuesday after it announced first quarter earnings that fell short of expectations. This was despite the company raising the outlook for the full financial year. Infosys reported a net profit of ... More

HUMAN RESOURCES

Infosys to hire 13,500 more, scales up capex
STEPPING up its hiring efforts, Infosys Technologies plans to add 13,500 people on a gross basis over the remaining nine months of the current financial year. Infosys' total headcount, including that of its subsidiaries, stood at over 39,800 ... More

MERGERS & ACQUISITIONS

Good Tech buys key assets of JP Mobile
GOOD Technology, a Santa Clara, California-based provider of wireless handheld computing software and services, on Tuesday announced it has acquired technology assets and engineering talent from JP Mobile Inc, a privately-held wireless handheld ... More

OFF-SHORE DEVELOPMENT

AppLabs Tech opens UK office
HYDERABAD: AppLabs Technologies, software testing and development services company, announced on Tuesday that it has opened an office in the UK to meet the growing demand for software testing and development in Europe. With a ... More

OUTLOOK

Infosys may start hedging euro earnings
HIT by an appreciating rupee against the euro, Infosys Technologies is expected to start hedging its euro-denominated earnings. "We are looking at it seriously," said Mr T.V. Mohandas Pai, Chief Financial Officer, Infosys. The loss of revenues ... More

PERFORMANCE

Progeon posts 24 pc rise in revenues
PROGEON, the business process management subsidiary of Infosys Technologies, reported a 24 per cent growth in revenues to Rs 78 crore over the previous quarter. Net profits for the quarter grew to Rs 24.6 crore. The company added Ingram Micro ... More

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