The Hindu Business Line : Saturday, May 05, 2007

INSIGHT
Portals are virtual permanent establishments
A foreign company that provides a portal with servers would attract tax liability in India if access to these is provided to Indian parties for a fee. More

FINANCIAL PERFORMANCE
Sonata Soft Q4 net profit rises 65%
For the year ended March, 2007, Sonata Software's consolidated revenues increased by 76 per cent to about Rs 895 crore (Rs 507.03 crore) while consolidated PAT increased by 74 per cent to about Rs 48 crore (Rs 27.54 crore). Its cash reserves ... More

SOFTWARE
TN software sector exports rise 47%
Revenue nearly doubles in the last two years More

In4velocity develops Web-based application for realty sector
Domain-centric software connects all business processes More

FOREIGN DIRECT INVESTMENT
Vodafone-Hutch deal gets Finance Minister's nod
Vodafone likely to start India operations by next quarter More

MERGERS & ACQUISITIONS
LSI Logic, Agere complete merger
Chip solution firms LSI Logic and Agere Systems have completed their merger, effective from April 2. In their "United we stand" approach, the firms hope their portfolio of chip solutions will give them the boost needed to stay ahead in the ... More

REGULATORY BODIES & RULINGS
DoT imposes penalty for licence norms violation
Mobile operators may end up paying Rs 700 cr as fine More

ALLIANCES & JOINT VENTURES
HCL Technologies, Saba team up
HCL Technologies Ltd and Saba, a Human Capital Management (HCM) software and services provider, has announced an alliance to strengthen joint offerings for customers. HCL Technologies and Saba are teaming up to extend their ... More

CTS, Ordina in deal with Rabobank
Cognizant Technology Solutions and the Netherlands-based company Ordina have jointly entered into a seven-year agreement with banking group Rabobank to provide application design, software development and testing services across ... More

BUSINESS MODELS
Oracle's biz unit looks at inorganic growth options
Oracle's Financial Services Global Business Unit (FSGBU) would explore inorganic growth options to enhance its solutions base and expand footprint in the financial services arena. Mr Rajesh Hukku, Oracle's new General Manager and Senior ... More

EVENTS
`Be ready for opportunities'
The landscape is disruptive and changing. With new concepts arising such as green computing, Software as a Service (SaaS), triple play, Web applications, location/GPS (global positioning systems), video security and social ... More

OUTLOOK
Hexaware charts out expansion plan
More

Goldstone Tele to double revenues this fiscal
Goldstone Teleservices Ltd, plans to double its revenues from Rs 30 crore to Rs 60 crore this fiscal with their polymer insulators making inroads into new markets and heat shrinkable sleeves for oil and gas pipelines, to be manufactured here ... More

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E-paper anouncement

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
`Higher excise relief will help keep biscuit prices in check'

Hexaware charts out expansion plan

Forex reserves rise $254 m on FII inflows

Prospects for herbal product exports brighten

Rupee gains 25 paise

Plan panel favours viable strategy for farm growth

Irritants in the new income-tax forms

Looking back
Apr. 22-Apr. 28
Tata Sky drops 13 channels from Zee

`Engineering students still prefer IT industry'

Private players gain major share of PCO market

Bharti Airtel chalks out $3.5-b investment plan