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Tata Consultancy Services (TCS) held a conference call after it declared results fourth quarter of FY09. Mr S. Ramadorai, Chief Executive Officer and Managing Director, S. Mahalingam, Chief Financial Officer and N. Chandrasekaran, Executive Vice-President addressed the conference. Highlights of the call For the quarter ended March 2009, on Q-o-Q basis, TCS reported 1% dip … Read more TCS – Uncertainty on volume growth for next year
Highlights of the call For the quarter ended March 2009, on sequential basis, Polaris reported 9% dip in operating revenues at Rs 337.25 crore. OPM dipped 190bps at 18.3% on the back of higher SG&A expenses. Forex loss for the quarter was Rs 19.59 crore down 31% and effective tax rate was up 160bps at … Read more Polaris Software – Guides EPS of Rs 15 for FY10
Rolta India held a conference call to discuss third quarter results for FY09 and future prospects. Mr Hiranya Asher, Director – Finance, addressed the call. Highlights of the call The management is seeing delay in ramp up of deals. However, there have been no cancellations. There is however expansion in pipeline. There has been price … Read more Rolta India – Next 2 quarters challenging , cuts guidance
Hexaware Technologies has formed an association with Greenpulm to offer large scale data management solutions. Greenplum will be responsible for providing the database platform, while the company will enable the migration, implementation, upgrades and maintenance services on these platforms. Greenplum’s database is based on a massive parallel processing (MPP) architecture designed to support next generation … Read more Hexaware + Greenpulm to offer data management solutions
Economic downturn has continued to hit the airlines with respect to the demand for air travel. India’s second-largest airline by market share, Jet Airways, is now planning to reduce its fleet. As of now, the airline has 87 aircraft operating on domestic and international sectors. It was reported that Jet is planning to lease out … Read more Jet Airways flying in turbulence plans to reduce its fleet
Star Union Dai-ichi Life Insurance is planning to infuse an additional capital of Rs 850 crore in the next five years to expand its business operations for insurance products. Star Union Dai-ichi Life is a joint venture between Bank of India, Union Bank and Dai-chi Mutual Life. The insurer plans to add Rs 100 crore … Read more Star Union Dai-ichi Life to infuse Rs 850 cr in five years