The Hindu Business Line : Sunday, October 29, 2006

FINANCIAL PERFORMANCE
Tata Tele pares losses in Q2
Tata Teleservices (Maharashtra) Ltd said net loss for the second quarter of the fiscal reduced 30 per cent from a year ago. Higher revenues coupled with lower expenditure costs helped reduce losses. Net loss for the quarter amounted to Rs 93 ... More

TVS-E net at Rs 3 lakh
TVS Electronics has reported a net profit of Rs 3 lakh for the second quarter ended September 30 compared with Rs 47 lakh during the corresponding quarter last year. Revenue came down to Rs 68.27 crore (Rs 70.26 crore). Staff cost was Rs 6.83 ... More

SOFTWARE
Asian CERC Information Technology: Reject
Fortis Financial Services, the acquirer, can leverage on its capital market strength to extend the market presence and software capability of its target, Asian CERC. More

MERGERS & ACQUISITIONS
IT services abuzz again
The consolidation buzz is back in the mid-cap software services space. Capgemini, the largest European IT services company, which has been on the acquisition prowl for almost a year has finally snapped up the Nasdaq-listed Kanbay International in ... More

`We will grow by adding more and more value to our clients'
"More than topline growth, sophistication of solutions and competencies of our organisation are the way to grow." MR RAYMOND J. SPENCER, CHAIRMAN AND CEO, KANBAY INTERNATIONAL More

`Kanbay's core strengths are well aligned with Capgemini's growth strategy'
We dashed off a quick questionnaire to Kanbay International's CEO, Mr Raymond Spencer, who is travelling in Europe to understand the strategic and investment rationale behind this acquisition by Capgemini. Here is his first take on the ... More

REGULATORY BODIES & RULINGS
DoT crack down on illegal satphones
Action against Dubai firm sought More

EVENTS
West Bengal pitches for IT in Bangalore
Keen to invite hardware manufacturing cos also More

IPOS
Info Edge (India): Invest at cut-off
The positives linked to this offer are the early-mover advantage, strong brand recall, a good management team and long-standing relationships with corporates. More

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