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Saturday, July 23, 2005
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PREFERENTIAL ALLOTMENTS


SSI to allot shares, warrants to promoters
SSI Ltd will allot on a preferential basis shares and convertible warrants to its promoter directors. The three promoters, Mr Kalpathi S. Aghoram, Mr Kalpathi S. Ganesh and Mr Kalpathi S. Suresh would receive 1.16 lakh each preferential shares, ... More

OUTSOURCING


Wipro BPO trims team — Revenues to remain muted for next two quarters
WIPRO BPO, which is transitioning from a predominantly voice-based outfit to a non-voice-driven business, has reduced headcount by 2,000 to 13,630 people, during the first quarter of this fiscal. In the previous quarter, (Q4 of financial year ... More

Continental in talks with Wipro to outsource IT needs
GERMAN automotive major Continental AG today said it is in discussion with Wipro to outsource some of its IT-related requirements, and a final decision would be taken in a few months. "We are in talks with Wipro for sourcing one of our IT job ... More

TELECOMMUNICATIONS


TRAI for mobile number portability
"Thirty per cent of mobile users are ready to change their operator if given a better option." More

Tata Tele's Truepaid services in Kerala
KOCHI: Tata Teleservices has announced its plans to expand its Truepaid services from 153 towns to 253 in the State. Apart from network expansion, the company will aggressively focus on product enhancement with a view to differentiate ... More

FINANCIAL PERFORMANCE


Wipro Q1 net rises 20 pc at Rs 428 cr, revenues up 28 pc — `Global IT business continued to sustain momentum'
STRONG rupee, high sales, marketing and visa costs, and a muted growth in its business process outsourcing (BPO) outfit impacted Wipro Ltd's first quarter earnings that fell short of expectations marginally. Wipro reported a 20 per cent growth ... More

Polaris Software posts 46-pc drop in net profit
POLARIS Software Labs has reported a 46.2-per cent drop in net profit to Rs 12.96 crore on sales of Rs 209.38 crore for the quarter ended June 30, 2005 compared to a net profit of Rs 24.09 crore on sales of Rs 179.59 crore for the corresponding ... More

Tata Elxsi net at Rs 6.59 cr
BANGALORE: Tata Elxsi reported revenues of Rs 51 crore during the first quarter of the fiscal and a net profit of Rs 6.59 crore. Sequentially this means a dip in revenues from Rs 52.8 crore and from profits of Rs 8.17 crore in the last ... More

HUMAN RESOURCES


Role fitment sees 150 out in Polaris
POLARIS Software Labs has carried out a "role fitment" exercise and found around 150 employees unsuitable to work in the company, and they have left the firm in the quarter ended June, according to Mr Arun Jain, CEO and Managing Director. "It ... More

E-COMMERCE & E-BUSINESS


`e-commerce growing at over 50 pc'
THE volume of e-commerce in India at present is Rs 570 crore with an annual growth rate of more than 50 per cent and is estimated at $10 billion in the next decade, according to Mr Rajeeva Ratna Shah, Member Secretary, Planning Commission. Mr ... More

EVENTS


Cos to boycott Bangalore IT.in
`Last year's promises have not been kept and no progress has happened on the infrastructure front.' More

OUTLOOK


Premji expects 12 pc wage bill rise over 2 years
WIPRO's Chairman, Mr Azim Premji, said on Friday that the company expects a wage inflation of 12-13 per cent over the next two years. While wage inflation at the campus level was reasonable with moderation at 7-8 per cent a year, it was ... More

PEOPLE


Premji turns a charmer, casts a spell
THE usual quarterly earnings announcement by Wipro was a day of many firsts for the 59-year-old Wipro Chairman, Mr Azim Premji. The first in many years he was addressing the event without the Vice-Chairman, Mr Vivek Paul, by his side. The ... More


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In Depth

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Looking back
Jul. 10-Jul. 16
Now outsource thinking, a la Virtusa

You can go mobile on flights soon!

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