TCS forms strategic alliance with Cisco

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Domestic software giant, Tata Consultancy Services (TCS), has entered into a pact with Cisco Systems, a global network equipment maker, to provide information technology (IT) service solutions to help customers build next-generation data centres for their networks. As per an agreement, TCS will build a new technology practice focused on the Cisco’s data centre networking … Read more TCS forms strategic alliance with Cisco

Govt to slap Rs 477 cr fine to Mobile Operators

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The government is likely to slap a combined fine of Rs 477.15 crore on Indian telecom companies, including existing operators as well as new licensees, for defaulting in rollout obligations. As per the current norms, any player who gets the government’s nod to launch mobile services must ensure availability of services in at least 10% … Read more Govt to slap Rs 477 cr fine to Mobile Operators

Kamat Hotels – Expects occupancy rate in Q4 FY’09 to be around 60%

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Financial Performance Total income from operation for the quarter ended December’08 posted a fall of 30% to Rs 29.58 crore. The fall in the sales is due to fall in occupancies and average room rates. OPM (%) crashed by 2340 bps to 28.5% and led operating profit to decline by 62%. Spike in interest cost … Read more Kamat Hotels – Expects occupancy rate in Q4 FY’09 to be around 60%

Hinduja Global Solutions – Expression of Interest for Satyam

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Highlights of call The management believes that the environment is cautious. Expansions have been put on hold. Domestic India business was down. The pricing environment is stable for the Company with only one client asking for volume discount at the moment. The realizations could come down due to shift from onsite to offshore. In international … Read more Hinduja Global Solutions – Expression of Interest for Satyam

Reliance Entertainment – Big Pictures gets rights for Kites Movie

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The motion picture brand of Reliance Big Entertainment – Big Pictures – has acquired the worldwide marketing and distribution rights of Filmcraft’s movie Kites. The film will be marketed and distributed worldwide by Reliance Big Entertainment, leveraging the strength of all its group companies engaged in media and entertainment space to synergize benefits emanating through … Read more Reliance Entertainment – Big Pictures gets rights for Kites Movie

Tata Sons Pledge Group Company Shares – Intent Unknown.

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Tata group companies too have entered the list of companies pledging promoters shares. Tata Steel, Tata Power and Tata Teleservices Maharashtra (TTML) announced that their promoter, Tata Sons, has pledged shares to raise funds that at current rates would be about Rs 6,500 crore. In its filing with the National Stock Exchange, Tata Steel, disclosed … Read more Tata Sons Pledge Group Company Shares – Intent Unknown.