The division bench of Justices F I Rebello and D G Karnik on Monday reserved orders as to whether the Birla group's petition is admissible or not. The order will be passed on Tuesday. In the present case, the issue is whether the Birla group is liable to pay capital gains tax on the share-purchase transaction worth $150 million with AT&T Mauritius (subsidiary of AT&T).
There are many patriotic movies lined up in the months ahead. What makes some of these films special is that these have the country's name right in the title itself, what with 'India' and 'Hindustan' finding prominence.
Scam-tainted Satyam Computer is planning to restate its financial results for the third quarter ended December 2008 by March-end. "Our auditors are working towards this end," a Satyam spokesperson said on Friday, adding that the only caveat to this possibility would be if the auditors decide to restate results of the company over the past several years, which could further delay a clearer picture of the Hyderabad-based IT company's actual financial position.
The Board of Mahindra Satyam will meet on July 10 to clear the proposal of Tech Mahindra seeking a second round of preferential share allotment to hike its stake in the newly acquired company to about 43 per cent after an open offer evoked a weak response.
A top company official said, "We are still waiting to receive any communication from the new board. we might make a presentation to the new board."
ndia's IT and BPO exports are expected to grow by 33.47 per cent to $31.9 billion in 2006-07 from $23.9 billion
Fraud-hit Satyam Computer, which will soon have a new owner in Tech Mahindra, has lost about 5,000 employees during September-March period of the past fiscal.
Satyam Computer moved a step closer towards finalising bids for selling a majority stake in the trouble-torn IT company with the board meeting investment bankers on Thursday.
Ganesh Natarajan, deputy chairman and managing director, Zensar Technologies Limited has been appointed vice chairman, Nasscom for the current year.
IT industry body Nasscom announced on Wednesday forming a panel of experts to help budding entrepreneurs build strong software companies.
IT firm Tech Mahindra on Monday deposited Rs 2,910 crore (Rs 29.10 billion) for 51 per cent controlling stake in Satyam Computer.
The court also directed police to submit for its perusal investigation papers pertaining to the case in a sealed cover by November 5 when it would hear the matter. The court was hearing a petition filed by ARG Outlier Media Pvt Ltd, which owns Republic TV, and Goswami seeking to quash the first information report lodged on October 6.
Satyam's newly-appointed CEO A S Murty has received a thumbs up from the company's board, which is "very happy" with the way he has shaped up so far in dealing with the evolving situation in the firm.
There were also reports that the board might opt for an open bidding process, which will bring in the much-required funds into the company. The board will also insist that only companies with a good track record can bid for the company. However, this could not be confirmed.
"There is a great deal of similarity between the advertising industry and the IT industry. One of them is that they both provide services," Kiran Karnik, former president of Nasscom, said during his address on the first day of Goafest 2008, the three-day meeting of the advertising industry.
Mittal, who is the head of services business of Hewlett Packard for Asia Pacific and Japan, will succeed Karin Karnik and will assume office from January 2008.
After Samir Karnik's Heroes, its now the turn of Farhan Akhtar starrer "Rock On!!" to find a place in the Oscar's library. Ritesh Sidhwani, producer of Rock On!! said that the Academy of Motion Pictures Arts and Sciences has asked for the script of his musical romance for the Oscar's Library.
Had Karnik passed on the sentimentality effectively, Heroes might have been as compelling as its purpose.
National Association of Software & Services Companies President Kiran Karnik has said that information technology and business process outsourcing industry in India is beginning to see an 'opportunity loss' on account of the rupee appreciation against the dollar.
Director Samir Karnik talks about his film, Heroes, working with Salman Khan and shooting the movie at difficult locations.
India's information technology sector would require nearly 500,000 professionals in the next five years to cater to the growing needs of this booming industry
A true indicator of the country's fanatic obsession with cricket is that the player with the third highest endorsement value is someone who retired from the game in 2012: Sachin Tendulkar.
The $55 billion Remote Infrastructure Management business is on the topmost agenda of an increasing number of Fortune 500 companies and Global 500 enterprises.
Nasscom will float a Rs 100 cr fund to help individuals and small companies in setting up and innovating their business. Tata Consultancy Services, Bharti Airtel Ltd and ICICI Knowledge Park to be key investors.
Here's the latest academic trend for IT aspirants -- finishing schools to transform graduates into career professionals.
The sessions court will continue hearing the revision application on Tuesday, special public prosecutor Pradip Gharat said. Goswami's lawyer Parkar said after the revision plea is heard, the court will take up the bail plea for hearing.
India's software export target of $60 billion by 2010 will not be revised despite rupee appreciation, but the profitabilities of small IT companies and BPO sector are bound to suffer, Nasscom said on Wednesday.
The appreciation of rupee as against the dollar does not augur well for the growth of IT and ITES industry, which was engaged in a dialogue with the government to partially offset the impact through setting up more IT export clusters, Nasscom said.
Expressing concern over the non-availability of qualified manpower for IT and ITeS companies, Nasscom on Tuesday said by year 2010 the industry would face a shortage of five lakh professionals.
The National Association of Software and Services Companies on Tuesday urged the Centre to provide the software industry access to the national laboratories like Aeronautical Development Agency for taking up research and development
The 41st convocation of Saurashtra University turned out to be a perfect platform for the Gujarat chief minister to make a case for English proficiency in the state.
Fraud is a big concern among many board members.
Industry body Nasscom is in the process of setting up of an independent self regulatory organisation, which will establish, monitor and enforce privacy and data protection standards for the ITES and BPO industry in the country.
Sameer Karnik's new film might not be a big bait at the box office. Then again, its true credibility lies in its purpose not profit. But Bobby Deol doesn't hold a candle to the talented lad in the film.
A bronze medal in wrestling gets brands talking about a potential endorser joining the ranks of past Olympics stars from India, Abhinav Bindra and Vijender Singh
IT software and services sector firms continue to be on a roll and very much on track to meet the $60 billion exports target by 2010.
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