Information technology education major NIIT will expand its China operations by launching new programmes for that market for software analysts and architects later this quarter.
NIIT on Friday reported a 97 per cent increase in net profit at Rs 10.7 crore (Rs 107 million) for the quarter ended December 31, 2006 when compared with Rs 5.50 crore (Rs 55 million) in the quarter ended December 31, 2005.
The scheme of arrangement for the spin-off of NIIT's software division is expected to be implemented from June 2004, company CEO Vijay Thadani said on Monday.
NIIT on Friday said its software business would be spun off by the third week of June and the whole exercise is on course as per its plans.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
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