Information technology company Hinduja TMT has bagged an IT services contract of a large automobile assembling and manufacturing company in West Asia.
Hinduja TMT and Fox Mandal Little - an Indian firm providing legal outsourcing services to multinational companies and international law firms
Hinduja TMT on Thursday reported a 21 per cent increase in net profit to Rs 17.23 crore (Rs 172.3 million) for the quarter ended June 30, 2003 when compared with the corresponding period last fiscal.
Outsourcing major Hinduja TMT has earmarked about $200 million for acquisitions, to fuel the next level of growth, a top company executive said on Monday.
Hinduja TMT Ltd has posted a net profit of Rs 165.11 million for the quarter ended December 31, 2002 as compared to net profit of Rs 131.05 million in the quarter ended December 31, 2001.
The JV company, tipped to be named Centric LPO would provide legal outsourcing services to multinational corporations and international law firms.
The Hinduja Group has signed a deal with Dubai World to offer healthcare services in India.
Asian Paints, Cipla, Bharat Forge, Dabur India, Nicholas Piramal and Satyam Computer Services are among the 20 Indian corporate entities that have found place in Forbes' list of 'Best Small Asian Companies'.
Hinduja group company Hinduja TMT Ltd said on Thursday it has completed the sale of its entire stake in Hutchison-Essar Ltd for over Rs 2,089 crore (Rs 20.89 billion).
Hindujas have virtually decided to sell their 5.1 per cent stake in mobile company Hutch-Essar to Hong Kong-based Hutchison Telecommunications International Ltd for an estimated value up to $450 million (Rs 20.25 billion).
NRI businessmen Hindujas on Monday began studying the books of Indian telecom firm Hutch-Essar for which they are understood to have roped in leading Spanish Bank 'Banco Santander' for financing the multi-billion dollar deal.
After outsourcing its network management and IT operations, Sunil Mittal-owned Bharti Group has given contract of its call centre operations for mobile services to four global majors in a deal, valued cumulatively at Rs 1,000 crore.
13 companies have submitted more than 230 applications for telecom licences and most of these are for a pan-India UASL. DLF and Omaxe join other real estate firms Indiabulls Real Estate, Unitech and Parsvnath Developers to apply for telecom licence.
Hinduja Group on Thursday said it was "very much in the race" to acquire India's fourth largest mobile player Hutch-Essar and said that it would begin reading the books of the target company from Monday.
Just six months after pulling out of Hutchison Essar, the Hinduja group is set to throw its hat into the ring for the country's fourth largest telecom company.
The Wipro's office on Hosur Road was completely flooded and the company said it has made arrangements for the employees to work in its other offices in the city.
That should be growing well. Look at FT articleon Nucleus dated May 11
Hong Kong based Hutchison Telecommunication along with some other investors are believed to have signed the deal to buy out a 5.11 per cent stake of Hinduja TMT in the unlisted Indian cellular company Hutchsion Essar.
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