NIIT – lackluster Q4 – No consistency

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NIIT Technologies held a conference call to discuss the quarter results ended December 2008 and future prospects. Arvind Thakur, CEO, addressed the call. Highlights of the call For the third quarter ended December 2008, NTL reported 4% de-growth in operating revenues at Rs 248.50 crore with operating margins up 30bps at 18%. Other Income turned … Read more NIIT – lackluster Q4 – No consistency

Sellers on Dalal Street drag market further down

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The local market remained troubled in late trades as there was no halt to the selling pressure. Weak opening by the European indices and sustained weakness in the Asian markets forced investors to stay away from stock markets. Realty, banking and IT stocks were worst hit. The 30-share BSE Sensex was down 372.29 points or … Read more Sellers on Dalal Street drag market further down

HCL and Misys to integrate loan origination tool

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HCL Capital Stream Lending Group, a division of HCL Technologies which provides straight through processing (STP) solutions for lending operations is going to bring a new technology solution for banks in an extended alliance with Misys, the global application software and services company. Misys and HCL will work together to integrate HCL’s CapitalStream solution, the … Read more HCL and Misys to integrate loan origination tool

Tanla Solutions clarifies of shareholding pledging

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Tanla Solutions has clarified that none of the promoter’s / promoter group’s shareholding in the company has been pledged with any financial institution, bank or any other entity as security for any financing lines. Further the company has clarified that the promoter directors, and their respective spouses, have no other material business interests other than … Read more Tanla Solutions clarifies of shareholding pledging

Credit delivery dips – Banks for Government Securities

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Credit delivery in India is declining amidst slowing economic activity and uncertain outlook. Banks have also become extremely cautious as the proportion of non performing assets (NPAs) in total disbursement increases. During the last quarter of 2008, Indian banks lent a total of Rs 1,15,630 crore against Rs 1,30,000 crore lent during the September quarter, … Read more Credit delivery dips – Banks for Government Securities