Tata Consultancy Services net profit rose 32.51 Percent to Rs 2062.43 crore in the quarter ended June 2011 compared to Rs 1556.41 crore during the previous quarter ended June 2010. Sales rose 34.36 Percent to Rs 8613.56 crore in the quarter ended June 2011 compared to Rs 6410.95 crore during the previous quarter ended June 2010. Consolidated Results
In the consolidated results, the company reported net profit after minority interest of Rs 2414.76 crore in the quarter ended June 2011 compared to Rs 1906.07 crore during the previous quarter ended June 2010. Sales reported to Rs 10797.02 crore in the quarter ended June 2011 compared to Rs 8217.28 crore during the previous quarter ended June 2010.
During the period, the company added 24 new clients and the number of clients in the category of $50 million plus increased from 27 to 33. The company has applied for 411 patents including 69 applied for during the quarter. Till date, the company has been granted 68 patents.
In terms of human resources, TCS continued to hire to support business growth. Lateral hiring accounted for 75 per cent of total hiring in the first quarter.There was a total gross addition of 11,988 people (net of 3,576) taking the total employee strength to 2.02 lakh. In the second quarter, the company expects to hire 17,000-20,000.
Ramco Systems which is a leading software company which is focused on consulting, products, and managed services, yesterday informed the market that the they have bagged a order from MAS GMR Aerospace Engineering Co. Ltd. for its Airframe Maintenance, Repair & Overhaul (MRO) suite of Aviation software offerings. MAS GMR Aerospace Engineering Company Limited is a 50:50 joint venture between Malaysian Aerospace Engineering and GMR Hyderabad International Airport Limited.
Spanco Ltd. has informed the market that the market has won the IT modernization project of the Goa State Electricity Board (GSEB) beating HCL, Reliance, Wipro, L&T Infotech, TCS and some others. This is Spanco’s Fourth consecutive win in this space. It has already bagged the states of Punjab, Maharashtra and Bihar, This win further consolidates Spanco’s position as one of the market leaders in the IT modernization projects within the State Electricity Boards under the RAPDRP program. RAPDRP is an initiative driven by the center with collaboration with the state with a clear focus to bring in actual, demonstrable performance in terms of sustained energy loss reduction.
Siemens Ltd. informed the market that the company has won order worth 127 crore from Jaypee Sports International Ltd (JPSI) , the order is for the first India’s F1 Formula race track.The Execution should be done before October of 2011 for sure.
Siemens will supply install, design, engineer and commission special electronics package, Which is one of the most crucial parts of F1 race tracks. The package includes setting up the Race Control Management system, Video surveillance for racetrack and Video storage, Digital Signaling system (Digi Flag) and Time Keeping system. Additionally, Siemens will also provide the complete IT backbone (VOIP & Data network), Information displays, and Media Distribution system for Media centre for this project.
Avantel Limited informed the market yesterday that the company has received an order worth Rs. 111.6 million from Antrix Corporation Ltd., Department of Space, Government of India for supply, commissioning and installation of satellite communication terminals.
This is my personal experience , I’m hating the theme music of airtel just because i heard it almost more than i should hear waiting to connect to the customer service of airtel digital TV , just because foot ball is happening and they want reap money out of it , they introduced this HD package and they sold the machine for 2250 for old customer and new customer its more than that and 100 rs for ESPN HD channel per month for the foot ball match that’s happening , i registered on June 30th and they said everything is set and it will be available during the match time when its played live.
The customer service department sucks big time they dont know anything about HD and they lure customers saying now only espn is available and only the upgrade cost and when channels are coming it will be free of cost , that’s not first true. Till now the only thing is see in the channel 224 of Airtel digital TV is a blank screen saying subscribe to this channel and if i send a sms to subscribe to already paid channel by me, it says i should have a HD set top box , which also i have , i called on the game day now from 7.00 clock to 10.00 clock almost 300 times and the connection get cut , i just see Error Code 3 in the screen and nothing else , think they have to close the business if they don’t know what they are doing , i was a loyal customer for them Airtel , think you will lose me in another month or so and you are going to lose 7500 rs which I’m paying yearly for the subscription.
Reliance Communication and GTL Infra agrees on over Rs. 50,000 crore (over US$ 11 Billion) deal for world’s largest independent Telecom Infrastructure Company ,Benefits for Reliance communication is as follows ,
>Reliance communication will be induced with good cash flow , which can be used to reduce the DEBT,
>Reliance communication shareholders will get free listed shares of GTL infra.
>Merged entity will have totally 80000 towers and over 1.25 lacs tenants which would be leased across 10 telecom operators.
>Finally this will help add more tenenats to the towers and they are expecting to get 75000 more tenants in the long run.
HFCL infotel started hitting upper freeze from Friday , there is almost 50 lac share still pending to trade and no sellers think it will settle anywhere from 15 to 20 rs , the reason is HFCL Infotel is the only company that has come as the successful bidder for the PAN india BWA spectrum for almost 22 circle.Reliance Industries which after smoothing the relationship with Reliance ADAG group and also bith Mukesh and Anil Ambhani has signed a agreement with which they can complete in any area other than power through natural resources.
Reliance Industries has informed the market Friday that they will invest 4800 crore in the form fresh investment in HFCL infotel which will buy into HFCL infotel almost 95 Percent.
eClerx Services has informed the makret that the company has Recommendation for issue of Bonus Shares in the ratio of 1 (One) Bonus equity share of Rs. 10/- each for every 2 (Two) existing fully paid up equity shares of Rs. 10/- each held in the Company.This was decided on the meeting that was held on June 7th 2010.
Apple iPhone 4 is the next iPhone from Apple’s Cradle and we have listed down the full specification for the same and some interesting pictures also.It was expected only end of this year and they have come out with the release in june itself and will be available for sale on june 24th and its ready for pre order by june 15th. We will see the specifications now. iPhone 4 Specifications
>Retina Display with 326 pixels per inchpixels per inch and has 78% of the pixels on an iPadiPad
>960×640 pixels display
>Apple A4Apple A4 Chip
>upto 32GB internal memory
>5 Megapixel Camera with LED Flash and 5x zoom and tap to focus
>HD video Recording
>Video Calling Camera
>Video Editing with iMovie
>Quadband GSM / 3G / HSDPA/ HSUPAHSUPA
>7.2 Mbps download speeddownload speed , 5.8 Mbps upload
>Dual mic for noise suppressionnoise suppression
>GPS, Accelerometer, Compass
>Battery Life : 7 hours 3G talktime , 6 hours browsing, 10 hours WiFi, 40 hours of music, and 300 hours of standby
>runs on iOS4
>Uses glass for Scratch resistance
They are Planning to sell this phone first in 5 countries which for sure doesn’t include India, but think it will be available in India by September or so which will be the time that all the telecom company will be ready with the 3G gun and everyone will like to sell iPhone at that time .But for sure it will be costly in India like any other iPhone.It will go on sale for 199$ in US for 16 GB and 299$ for 32 GB phone.
It almost 2 weeks or so when Ambani brothers called truce and kind of joined hands.The market was hitting right and left news from Reliance group of companies only , Yesterday the Reliance Communication has informed the market that the board of directors of Reliance Communications Ltd (RCom) has approved “in principle the induction of strategic/ private equity investors into the company for an up to 26 per cent equity stake at an appropriate premium to the prevailing market price”.
We are thinking Reliance Communication might raise any where from 3.9 billion to 4 billion dollar , this would be really helpful at the time where they shelled out lot for 3G and also need more to spread it across the country and they are also planning to make the deal again with MTN.The stock price went up from 133 or so from june 3 \rd to almost 176 which is the rate today.
L&T informed the market today that the compnay has secured orders worth 1017 crores and out of that the main order is for Cognizant. Order info
Larsen Toubro has secured a major design and build order worth Rs.566 crore from Cognizant Technology Solutions India for construction of their IT campus development at Siruseri, Chennai.
>Another order is for Rs. 280 crore has been secured from IREO for the construction of The Grand Arch – multistoried residential apartments at Gurgaon, Haryana.
>Third orders worth Rs.171 crore for the construction of factory building and other add on works from existing jobs from various esteemed clients.
Four Soft Ltd has informed the market that it has bagged a order from Caligor RX a global pharmaceutical wholesaler and worldwide distributor of clinical trial supplies, They have selected Four Soft’s warehouse management solution, 4S eLog, to automate its warehousing facility in the United Kingdom.The order was got through Four Soft UK Ltd which is a subsidiary of Four Soft Ltd, India
Airtel iPhone 3GS to be released from March 26th 2010 , The 16 GB edition will cost 35,500 and the 32 GB version will cost 41,500 ,it was launched in June last year and it comes to India after 9 months or so , the world is waiting for Apple iPhone 4G and apple is throwing iPhone 3GS to India and this Airtel is also buying that ,Apple iPhone 3g was a big flop and sure this 3gs will be a bigger flop , who wants a 3gs on a 2.5g network .Sorry Airtel and sorry iPhone 3gs.
Mahindra Satyam has informed the market that Mahindra Satyam is in the race for Unique Identity Project , and its thr among the firms shortlisted for unique identity project.Dilip Jha, its Head of Operations for India, West Asia and Africa told that it has been short listed and they are likely to focus on police and urbanisation projects in India also .
Graduate Aptitude Test in Engineering (GATE) is an all India examination administered and conducted jointly by the Indian Institute of Science and seven Indian Institutes of Technology on behalf of the National Coordination Board – GATE, Department of Higher Education, Ministry of Human Resource Development (MHRD), Government of India.
The GATE committee, which comprises of representatives from the administering institutes, is the sole authority for regulating the examination and declaring the results.
GATE is conducted through the constitution of eight zones. The zones and the corresponding administrative institutes are:
Zone-1: Indian Institute of Science Bangalore
Zone-2: Indian Institute of Technology Bombay
Zone-3: Indian Institute of Technology Delhi
Zone-4: Indian Institute of Technology Guwahati
Zone-5: Indian Institute of Technology Kanpur
Zone-6: Indian Institute of Technology Kharagpur
Zone-7: Indian Institute of Technology Madras
Zone-8: Indian Institute of Technology Roorkee
The overall coordination and responsibility of conducting GATE 2010 lies with Indian Institute of Technology Guwahati, designated as the Organising Institute for GATE 2010 .
Apple iPhone 3GS finally to be launched in India.Thne rumpour was there for almost a year or so , and still we will not be sure until the phone is getting officially released in india , There is also news that they will have extra mobile players coming in like aircel and also reliance with addition to already exisiting airtel and vodafone , but the funny thing is both MTNL and BSNL doesnt seem to come in picture at all as they are the only one who is offering 3G presently in india.Will give more info when the news is official.
GSM 850 / 900 / 1800 / 1900
HSDPA 850 / 1900 / 2100
Available. Released 2009, June
115.5 x 62.1 x 12.3 mm
TFT capacitive touchscreen, 16M colors
320 x 480 pixels, 3.5 inches
- Multi-touch input method
- Accelerometer sensor for auto-rotate
- Proximity sensor for auto turn-off
- Scratch-resistant surface
Vibration; Downloadable polyphonic, MP3 ringtones
- 3.5 mm headset jack
Practically unlimited entries and fields, Photocall
Hathway Cable & Datacom Listed today , Hathway Cable & Datacom Ltd which has (Scrip Code: 533162) are listed and admitted to dealings on the Exchange in the list of ‘B’ Group Securities from Feb 25th 2010.
Infinite Computer Solutions India rose today by 7.3 percent after it said that it has entered into a strategic alliance with Motorola. The company also came out with result today Q3 2009-2010 consolidated net profit stood at Rs 20.45 crore and net sales stood at Rs 160.5 crore. OPM stood at 17.44% and EPS stood at Rs 5.35.
Apple revealed its so talked apple tablet in the conference that is going on now in San Fransico, they have called it as Apple iPad.Apple has made this device as combination of smartphone and laptop.We can surf the Net, check email, see images, watch videos, play music and games and read e-books.
- 0.5 inches thick
- weighs 1.5 pounds (0.7kilos)
- 9.7 inch multitouch display
- 1GHz Apple A4 chip (built in house)
- between 16GB and 64GB of flash memory More Updates
>For now it comes with wifi and later version is going to have 3G
> 3g version will have 29.99$ unlimited data plan from AT&T , no contract is needed.
> By June it will be having international deal
> finally it costs only 499 $ starting model without 3g
>In 60 days this will ship worldwide and the 3G model in 90 days.
ORG Informatics Ltd has informed the market that the company has bagged order from BSNL ,New Delhi .The ordr is worth Rs 14.05 crore and the order is for supply, installation, integration and commissioning of satcom Network for IAF.
Firstobject Technologies Ltd has informed the market that the company has bagged oprder from North American Company , and the order is for development and implementation of E-learning, tutorial and virtual class room plus language tests and the training is catering towards the students aspiring to get admissions in Overseas Universities.The order is worth 1.75 M Us Dollars which is almost worth 8.87 crore in Indian rupee keeping average rate of 45 rs per dollar .The execution time for the project is 6 months.
FCS Software on a meeting that was held today has decided on Bonus , Employee stock option and raising capital .
On the line of Bonus issue , the company board has recommended issue of Bonus Shares in the ratio of One new fully paid Equity Shares for every One existing Equity shares held by Shareholders as on Record Date.
Micro SD card is the only space on the media storage that Moser baer was not into and now they have entered that market space also , They might have enetered late but still they would get some business, they have a very good marketing startegy , has they hold license to so many film and music , they are planning to sell the Micro Sd card with Pre loaded Film and Music.
Paramount Communications Ltd informed the market today that its foreign subsidiary, AEI Cables Ltd., UK , which is fully owned by paramount communication has won a prestigious 8 Million Pound order which is equal to almost 58 Crores in indian Rs.The order is for supply of cables to help build the next generation of aircraft carriers for British fleet-the largest ships to enter services in the UK.