A meeting of the Board of Directors of Polaris Software Lab Ltd will be held on January 28, 2003 to consider and take on record the unaudited financial results for the quarter ended December 31, 2002.
IT offshoring major Polaris Software said on Thursday it has launched a nearshore application development centre and a global performance engineering and certification lab in Mississauga, Canada.
Polaris Software was cause for cheer on Wednesday and much of that was due to its inclusion in the final list of scrips added in the derivatives segment.
The Chennai-based information technology company Polaris Software Lab is looking at establishing a new office in China, which would help the company consolidate its presence in the South East Asian market.
Polaris to set up development facility in Hyderabad
Polaris Software Lab Ltd on Thursday said it will set up a banking and financial Application Certification Centre in Belfast, Northern Ireland, assisted by Invest Northern Ireland.
Polaris Software Lab Ltd entered into a partnership with Deutsche Leasing, German leasing firm, for movable assets.
Polaris Software Lab Ltd and Germany-based Deutsche Leasing group entered into a partnership for product based solutions.
IT majors Cognizant Technology Services and Polaris Sofware Lab are looking at ramping up their Toronto operations as part of a strategy to use Canada as a near-shore option for clients in the US.
On November 26, a US court closed Data Inc's prolonged lawsuit against Polaris after Polaris agreed to make a full and final settlement payment of $600,000 to Data Inc.
Leading global provider of banking, insurance and financial technology solutions, Polaris Software Lab Ltd on Monday said UK-based Llyods TSB has selected its 'Intellect Suite' as the banking solution for the international cash management offering.
The purchases, made through the open market on June 11, will take OrbiTech's holding in Polaris to 6.21 per cent, it said.\n\n\n\n
Polaris CEO Arun Jain said the detention by the Indonesian police seemed ‘pre-planned and premeditated’.
Scared by the experience in Jakarta, Polaris Software labs has decided not to do any business in Indonesia at least for a year and is considering arbitration against Indonesian Bank Artha Graha in Singapore on the dispute with it.
Polaris Software Lab Ltd's board on Monday recommended initiating 'arbitration proceedings' in Singapore to resolve the commercial disputes with Bank Artha Graha.
Polaris Software Lab Ltd has posted a net profit of Rs 52.16 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 152.99 million in the quarter ended December 31,2001.
Citi may sell 5-6% of Polaris Soft to investor
Chennai-based Polaris Software Lab Tuesday said it is hopeful of an early release of its CEO Arun Jain who was "detained" on Friday in Jakarta in connection with a commercial dispute.
After selling Polaris to Virtusa, Arun Jain will focus on Intellect Design, play the role of mentor and angel investor, and pursue his interests in healthcare and education.
The application makes it easy for IBM partners and clients like Polaris to build an entirely new class of cloud-based social business apps.
Chennai-based financial services technology company, Polaris Software Lab, has come out with a new technology that would allow insurers to sell their products and collect renewal premium through ATMs. The company is in talks with two insurers for implementing its solution.
Polaris gets over 90 per cent of its revenue from exports. Till financial year 2009-10, the company did not actively think about a strategy to buy space in a special economic zone.
The 15 IT companies that have declared results so far together clocked 8.4 per cent growth in revenue, the slowest since 2001, largely due to a poor show from Wipro, Tech Mahindra and Polaris Software. But Infosys Technologies and TCS excel, with double-digit growth in year-on-year revenue from software exports.
IT shares were witness to broad-based selling in early trades as a strengthening rupee indicates lower revenues for these companies.\n\n
The scrip of private airlines, Jet Airways, has been included in the BSE-200 index while that of Polaris Software has been excluded from the IT and Tech index with effect from June 6.
'If they are not ready for a 10 to 20 year journey, they should not become entrepreneurs.'
The employee stock options, which lost its charm following the dot-com bust of late 90s and crashing markets, are regaining popularity with more and more companies using them to attract and retain talent, say industry insiders.
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