3i Infotech said on Monday it has bagged an order from Malaysia-based financial institution for SMEs Credit Guarantee Corporation for its universal lending solution -- Kastle.
Regulus reported revenues of $148 million (about Rs 590 crore) for the 12 months ended December 2007. The company, headquartered in Napa, California, provides remittance services and document (bills) processing services in the US through a network of 10 centres employing close to 1,300 people.
According to analysts, the first two quarters are usually dull for the company historically, hence growth will be higher in the subsequent two quarters. If Wipro Infotech achieves the $1 billion mark, it would make Wipro the first Indian company to touch the figure through its largely domestic market-focussed arm. It derives about 90 per cent of its revenue from India.
Wipro Infotech, the India and West Asian IT business of Wipro, aims to use its data centre platform to offer a host of services, including cloud computing and software as a service (SaaS) on a pay-per-use model, Anand Sankaran, senior vice-president told Business Standard.
IT firm 3i Infotech on Monday announced acquiring 51 per cent stake in US-based Professional Access and Indian business intelligence solution provider 'E enable' for a total consideration of close to Rs 60 crore (Rs 600 million).
Wipro Infotech on Friday announced its largest IT outsourcing deal in India.
Tata Teleservices on Thursday offloaded another 8 per cent equity in favour of Sterling Infotech owned by C Sivasankaran, presumably for about Rs 1,200 crore (Rs 12 billion).
Infotech Enterprises Limited, which provides engineering and geographic information services, is in advanced stages of acquiring an aerospace services company in Europe for a consideration of approximately $20 million (Rs 91 crore).
3i Infotech, erstwhile ICICI Infotech, has reported a consolidated net profit of Rs 32.11 crore (Rs 321.1 million) for the fiscal ended March 31, 2005 as compared to a net loss of Rs 11.82 crore (Rs 118.2 million) for the previous fiscal.
3i Infotech is planning a JV with Chinese firm Yucheng Technologies to enter into the Chinese market.
HP's 60.5 per cent stake is valued at $1 billion.
IT solutions provider 3i Infotech has acquired British asset management solution provider, Rhyme Systems, for £28 million marking its entry into UK's banking and financial services space.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 11 crore on 8 entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain, in a case pertaining to software related to algorithmic trading. The regulator has levied a fine of Rs 1 crore each on NSE, Ramkrishna and Narain. Also, a fine of Rs 1 crore has been imposed on Suprabhat Lal, who was a NSE official at the time of violation.
Sanjiv Puri, chairman and managing director of ITC, is looking to expand the conglomerate's play outside India by taking "strategic positions" in markets close to home in the non-cigarette fast-moving consumer goods (FMCG) and hospitality businesses. In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.
Infotech Enterprises Ltd has posted a net profit of Rs 68.20 million for the quarter ended December 31, 2002 as compared to Rs 83.20 million in the quarter ended December 31, 2001.
Blue Star Infotech Ltd has posted a net profit of Rs 31.86 million for the quarter ended December 31, 2002 as compared to net profit of Rs 31.42 million in the quarter ended December 31, 2001.
Tata Infotech Ltd has posted a net profit of Rs 12.02 crore (Rs 120 million) for the first quarter ended June 30, 2003 as against net loss of Rs 1.13 crore (Rs 11.3 million) in the same period last fiscal.
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
Anand Rayate, senior IAS officer and state coordinator for the Talathi Recruitment Exam-2023, said the statewide test conducted with the help of IT major TCS started at 11 am, instead of 9 am scheduled originally, after the fault was rectified.
Raising a child as a single mother in India can be challenging, especially when it comes to managing finances.
ITC's results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division's performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 per cent growth in non-cigarette earnings before interest and tax (Ebit), despite a relatively weak performance in paperboards.
Meet Chhotu Sharma -- the perfect example of what happens when determination meets hard work.
Amit Gupta examines the taxation of dividend-paying stocks, share buybacks, and bonus shares.
A key feature of the new version is to identify the people transacting on its portal by linking each user ID with the person's permanent account number (PAN), followed by a two-factor authentication through mobiles and email IDs. Those who cannot complete the KYC requirements cannot use the portal.
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
Investors seem to be shying away from stocks of companies in the 'digital' space with most counters that comprise the Nifty India Digital index giving negative returns over the past year. The index tracks the performance of a portfolio of stocks that broadly represent the 'digital theme' within basic industries, such as software, e-commerce, IT-enabled services, industrial electronics, and telecom services. The fall in some of these stocks over the past year has been steep; the sharpest decline of around 60 per cent was seen in shares of PB Fintech (parent company of Policybazaar).
In a multi-city protest on Monday, a large number of company secretaries (CS) and chartered accountants (CAs) came together to seek extension of the deadline for annual filing due to glitches in the ministry of corporate affairs (MCA) portal. According to the Companies Act, firms are supposed to submit Form AOC 4 for filing of the balance sheet within 30 days of holding the annual general meeting (AGM). This deadline was over on October 29.
US Senate's rejection of a bailout package for auto firms to impact revenues. None of the IT firms give any break-up of the exposure to the auto industry, but analysts said TCS offers services to clients such as Chrysler, Ferrari and Nissan.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
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