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CRISIL IPO grade 4/5 assigned to the IPO of Persistent Systems Ltd.
2010-03-04
CRISIL has assigned a CRISIL IPO Grade '4/5' (pronounced 'four on five') to the proposed initial public offer (IPO) of Persistent Systems Ltd (Persistent Systems). This grade indicates that the fundam...
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Union Budget 2010 - Reactions from the IT Industry, Part IV
2010-02-27
According to Rajoo Goel, Secretary General, ELCINA, the Budget has tried to address the issue of high inflation while also trying not to constrain growth, which is critical to meet the aspirations of our people.
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Union Budget 2010 - Reactions from the IT Industry, Part III
2010-02-26
According to Ajai Chowdhry, CEO & Chairman HCL, the budget was well balanced and responsible. Various projects and schemes announced will see increased role of IT as an enabler towards more inclusive growth.
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Union Budget 2010 - Reactions from the IT Industry, Part II
2010-02-26
While overall the budget is positive, NASSCOM said it disappointed with the increase in MAT, which will be a burden on SMBs who are still struggling with the impact of the global recession.
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Union Budget 2010 - Reactions from the IT Industry
2010-02-26
According to Partha Iyengar, Head of Research, Gartner India, this is a fairly positive and balanced budget from a broader Indian economy perspective as well as from the narrower IT industry focus.
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Syntel Q4 revenue grows 12 Pct to Rs. 549 crore
2010-02-15
Syntel, Inc. (NASDAQ: SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced financial results for the fourth quarter and full year, ended December 31, 2009.
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Zylog acquires Brainhunter, a Consulting and Engineering Services Company in Canada
2010-02-11
Zylog in its Board meeting held on 29th January at its Registered Office announced the acquisition of Canadian Company for Canadian Dollar 35 Million. This acquisition is through the Company's Credi...
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Kingston Technology Revenues Steady in 2009 at $4.1 Billion
2010-02-10
Kingston Technology Corporation, the independent world leader in memory products, today announced that its global revenues in 2009 reached $4.1 billion (U.S.), a $100 million inc...
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Net4India sales zoom by 51 Pct and net profit by 28 Pct
2010-02-02
Net4 India, a leading Network and Application services provider has announced the financial results for the quarter ended 31st December, 2009.The total consolidated income for the 3rd quarter stood at Rs....
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Ramco continues breakeven for the consecutive fourth quarter; posts global income of USD 9.05m
2010-02-01
Driven by customer acceptance and recognition of Ramco OnDemand ERP (RODE) offerings, Ramco ends the quarter optimistically. The company has added a total of 29 new customers to its marquee list of custom...
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GirnarSoft to invest US $2 million at Mahindra World City SEZ
2010-01-29
Girnar Software Pvt. Ltd., a Jaipur based IT firm, will be investing US $2 Million in Mahindra World City SEZ, Jaipur, Rajasthan India. The announcement was made by Amit Jain, Director, GirnarSoft.
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SOFTPRO Q3 Total Income up by 374 Pct at Rs.795.69 Lakhs
2010-01-28
Softpro Systems Limited, which provides Software development services, posted excellent results for the quarter ended December 31, 2009. Softpro's total income has increased by 374% when compare...
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iCreate raises Rs. 15 cr from IDG Ventures India
2010-01-28
iCreate Software, a Bangalore-based Business Intelligence company focused on Banking products & solutions, today announced the successful completion of a Series A round of financing of Rs. 15 crores.
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IKF Technologies Q3 revenues grows more than 100 pc at Rs 40.3 cr
2010-01-27
IKF Technologies, a leading technology solutions company headquartered out of Kolkata and setup at Delhi, Noida & Mumbai has posted consolidated net revenues of Rs 40.3 cr, representing a 105% YoY growth ...
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Codework Announces Record Revenue
2010-01-25
Codework ended 2009 with sales of 13.2M ($US 21.5M), a 34% growth on the previous year. Increased license sales were directly attributed to a strong brand name, broader market acceptance and reco...
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NIIT Technologies Consolidated Quarter Results
2010-01-15
NIIT Technologies Limited, announced its consolidated third quarter results for the quarter ended December 31st, 2009, posting consolidated revenues of Rs. 230.1 Crores representing a sequential growth of 2%.
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eInfochips Buys nGIN Technologies, Boosts Networking Svcs Portfolio
2009-12-14
eInfochips, a technology design services and solutions company, has acquired nGIN Technologies, a provider of hi-tech networking software and protocol stacks, solutions and services for telecom OEMs.
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McAfee Grants Rs. 2.5 Million to Data Security Council of India
2009-11-17
McAfee Inc. has announced a grant of Rs. 2.5 million to the Data Security Council of India (DSCI) for cyber security education as part of the McAfee Initiative to Fight Cybercrime.
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Nucleus Software Announces Q2 FY 10 Results
2009-10-26
Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), today announced its Q2 results for financial year 2009-2010. Nucleus Software's consolidated revenue for the quarter ending September...
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Cognizant Acquires UBS India Service Center, Enters Multi-Year Services Agreement With UBS
2009-10-15
Cognizant (NASDAQ: CTSH), a leading provider of consulting, technology, and business process outsourcing services, today announced a definitive agreement to acquire UBS India Service Centre Private Limit...
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MphasiS to Buy AIG Systems Solutions, Boost Portfolio for FSI Sector
2009-08-12
MphasiS announced that it will acquire AIG Systems Solutions (AIGSS), part of American International Group Inc. AIGSS is an India-based provider of IT services and solutions to AIG companies worldwide.
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Infosys Reports Income of Rs. 5,472 Cr for Q1 2009, Up 12.7 Percent
2009-07-10
Infosys Technologies has reported income of Rs. 5,472 crore for the first quarter ended June 30, 2009 an increase of 12.7% from the Rs. 4,854 crore posted in the same period a year ago.
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Tech Mahindra Announces Results of Tender Offer for Shares of Satyam
2009-07-06
Tech Mahindra today announced the final results of the tender offer by its unit Venturbay Consultants to purchase up to 20% of the outstanding shares of common stock of Satyam Computer Services Ltd.
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Bharti Airtel Announces Potential Share Exchange with MTN
2009-05-26
Bharti Airtel is exploring a potential transaction with MTN whereby, pursuant to a scheme of arrangement, Bharti would acquire a 49% stake in MTN and, in turn, MTN and its shareholders would acquire around 36% in Bharti.
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Yash Birla Group Buys Melstar Information Technologies
2009-05-20
The Yash Birla Group has acquired Melstar Information Technologies, an application development software services company. This acquisition marks the Group's foray into the IT sector.
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HCL Reports Q2 Revenues of Rs. 2490.8 Cr, Up 37.1 Pct
2009-01-23
HCL has reported revenues of Rs. 2490.8 crores for the second quarter of its financial year 2008-09, an increase of 37.1% from the same period a year ago and up 5.1% from the first quarter FY 08-09.
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3i Infotech Reports Net Profit of Rs. 69.74 Cr in Q3 2008
2009-01-23
3i Infotech has reported revenues of Rs. 615.60 crores for its third quarter ending Dec. 31, 2008, a growth of 90.4% over the same period last year. Profit after tax for the quarter was Rs. 69.74 crores.
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TCS Reports Q3 Revenues of Rs. 7,277 Cr, Up 24.13 Pct
2009-01-15
Tata Consultancy Services (TCS) reported revenues of Rs. 7,277 crore for the third quarter ended December 31, 2008, an increase of 24.13% from the same period last year and 4.65% from the previous quarter.
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Infosys Reports Q2 Revenues of $1.2 Billion
2008-10-10
Infosys has reported revenues of $1.2 billion for the quarter ended September 30, 2008, up 19% from last year. Earnings per ADS increased to 56 cents from 48 cents.
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Polaris to Buy U.S.-Based Insurance Technology Solutions Firm SEEC
2008-10-01
Polaris will acquire SEEC, a U.S.-based product and component services firm for the Insurance vertical. Under the agreement, Polaris will buy SEEC USA, including IP, business trademarks, trade brands and infrastructure facilities.
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