The Hindu Business Line : Tuesday, November 01, 2005

Mindteck to raise $5 m; to consolidate operations
MINDTECK (India) Ltd, global IT services company, would be raising $5 million through private placement. The funds would be used for the acquisition of Mindteck Singapore Pte Ltd and Mindteck UK Ltd or any other acquisition as part of its ... More

PREFERENTIAL ALLOTMENTS

SQL Star pref. offer for Bennett, Coleman
SQL Star International Ltd has decided to issue 1.75 million equity shares of Rs 10 each to Bennett, Coleman & Co Ltd, The Times of India Group, on a preferential basis at the price of Rs 40 per share (including a premium of Rs 30 per ... More

TELECOMMUNICATIONS

Desktop applications moving to mobile window!
THIS is one `call' that mobile subscribers may like to take. Anti-virus applications, blogging, peer-to-peer movie clip and music transfers, data back-ups and financial applications are no longer restricted to the personal computing ... More

Kerala: CellOne scheme for Govt staff
THIRUVANANTHAPURAM: The Kerala Circle of the Bharat Sanchar Nigam Ltd (BSNL) will launch Plan 100, a new post-paid scheme as a special package for employees of the Central and State governments and public sector undertakings (PSUs). ... More

Festival offer for pre-paids in Kerala circle
THIRUVANANTHAPURAM: The Kerala Circle of the Bharat Sanchar Nigam Ltd (BSNL) is offering full talk time of Rs 500 and Rs 1,000 on the recharge coupons of Rs 500 and Rs 1,000 in a festival offer on the occasion of Diwali. The recharge ... More

Idea Cellular launches valid voucher offers
IDEA Cellular Ltd, the private cellular operator, has announced the launch of the Power Validity voucher with three years for its customers of Andhra Pradesh. This is first such initiative in the country offering three-year validity voucher ... More

BSNL to pay dividend to Govt
NEW DELHI: State-owned telecom company Bharat Sanchar Nigam Ltd (BSNL) on Monday said it would pay a total dividend of Rs 1,175 crore to the Government. In its fifth AGM held here on Monday, the PSU decided to pay a total dividend of Rs ... More

INSIGHT

Labour laws, unions and BPOs
If the BPO sector is covered by the labour laws, it follows that disputes which arise in the sector should be settled under the relevant industrial disputes legislation. As with employees in other industrial sectors, BPO employees too have an inalien able right to collective bargaining with managements. Ranabir Ray Choudhury throws light on the nature and structure of employment in the BPO industry, call centres, in particular. More

FINANCIAL PERFORMANCE

Megasoft revenue, net up
HYDERABAD: The Megasoft group has recorded revenues of Rs 29.76 crore and net profit of Rs 6.13 crore for the third quarter ended September 30, 2005 against revenues of Rs 22.21 crore and net profit of Rs 2.59 crore for the corresponding ... More

Rolta Q2 net up 26.1 pc
MUMBAI: Rolta India, a CAD/CAM/GIS solutions and services provider, has announced a 26.1 per cent growth in net profit for the second quarter ended September 30, 2005. The Q2 net profit amounted to Rs 31.68 crore (Rs 25.12 crore.) ... More

Scandent Solutions Q2 net up 16.4%
BANGALORE: Scandent Solutions has reported a 16.36-per cent rise in net profit and a 19-per cent growth in revenues for the second quarter ended September 2005, over the corresponding period last year on a consolidated basis. Scandent's ... More

Cognizant revenue, net up
CHENNAI: Cognizant Technology Solutions on Monday reported a rise of 56 per cent in net profit to $40.6 million for the quarter ended September 2005 compared to $26.05 million for the corresponding period in the previous year. Revenues ... More

Goldstone Tele Q2 income, net up
HYDERABAD: Goldstone Teleservices Ltd has recorded a total income of Rs 6.68 crore and a net profit of Rs 0.46 crore for the second quarter ended September 30, 2005 against a total income of Rs 2.8 crore and a net profit of Rs 0.15 crore ... More

Goldstone Tech posts loss in Q2
HYDERABAD: Goldstone Technologies Ltd has recorded a total income of Rs 8.42 crore and a loss of Rs 0.52 crore for the second quarter ended September 30, against a total income of Rs 18.34 crore and a net profit of Rs 1.38 crore in the ... More

Gemini Comm nets Rs 2.18 cr profit
CHENNAI: Gemini Communication Ltd has reported a net profit of Rs 2.18 crore on revenue of Rs 26.97 crore for the quarter ended September 30, against a net profit of Rs 1.26 crore on revenue of Rs 20.60 crore in the corresponding quarter ... More

SOFTWARE

Induslogic plans $20-m expansion
Induslogic is exploring the possibility of locating centres in Shanghai to tap the Chinese market and also Kiev in Ukraine. More

HUMAN RESOURCES

Cybernet to hire 300 more at Chennai centre
CYBERNET Software Systems Inc, a US-based company, plans to add about 300 employees in Chennai by March 2006, according to its CEO, Mr Shiv Kumar. The company is looking for people with skills in Microsoft, Java and Opensource. The addition ... More

MERGERS & ACQUISITIONS

Automated Workflow merges with US co
AUTOMATED Workflow Pvt Ltd, an IT company based in Bangalore specialising in business process management (BPM) and enterprise content management (ECM), has announced its merger with the US-based Silicon Plains Technologies. The merger involves no ... More

TRADE & LABOUR UNIONS

IT's a matter of labour
A changed world needs changed rules. But certain principles remain universal. More

EVENTS

Looking back

WORK LIFE

It's business as usual for BPOs on Diwali day — Shift timings reworked, on-campus festivities lined up
Measures ranging from realignment of shift timings to people-oriented initiatives such as Diwali fests complete with firework displays have been planned, to ensure that business continues during the festivities. More

PEOPLE

Kittu Kolluri to quit Juniper, take on VC role
THE Indian technology product development work is set to grow, and more and more venture capitalists are reaching out to invest in domestic companies with product orientation, said Mr Krishna Kittu Kolluri, Executive Vice-President, Security ... More

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