NATIONAL Satyam Computers help mitigate sell-off on BSE
Mumbai: Satyam Computers, who announced its fourth quarter results on April 24, helped in a long way to mitigate intense sell-off in old
economy heavyweights but the SENSEX ended in negative territory for the third day in a row on the Bombay Stock Exchange (BSE).
CAG indicts PSUs for discrepancies in balance sheet
New Delhi: The Comptroller and Auditor General (CAG) has pulled up leading public sector undertakings (PSU) for glaring lapses in
balance sheets, saying assets were overstated by Rs 377.43 crore in four Navratna companies including Steel Authority of India Limited
(SAIL) while Indian Oil Corporation (IOC) alone understated assets by Rs 312 crore during 2001-02.
Satyam not unduly worried over SARS impact
Hyderabad: IT major Satyam Computer Services is not unduly perturbed over the impact of Severe Acute Respiratory Syndrome (SARS)
on its business operations across the globe as the company is hopeful that the spread of the dreaded virus will soon be brought under
control.
Infosys Tech bags Sun's strategic partner award
Bangalore: Ioftware major Infosys Technologies Ltd has been felicitated by Sun Microsystems Inc with the "Strategic Partner Award" at their annual Asia Pacific International Software vendor summit.
'No revision in $50 bn software export projection'
Bangalore: India's booming software industry sees no reason to revise the projected $50 billion exports from the sector by 2008 in the
wake of conservative revenue growth forecast by IT majors and said it is anticipating new opportunities to tap to reach the target.
SENSEX opens on a promising note, rallies upwards
Mumbai: The SENSEX opened on a promising note and later rallied smartly in line with a positive turn in stocks, particularly IT shares after
Satyam Computers came out with fourth quarter results, during morning trading on the Bombay Stock Exchange (BSE) on April 24 on fresh
buying support.
Wipro in definitive agreement to acquire NerveWire
Bangalore: Software major Wipro limited on April 24 announced that it has entered into a definitive agreement to acquire NerveWire, a Newton, Massachusetts based business and IT consulting company, for about $ 18.7 million in cash.
Satyam reports loss of Rs 482.55 crore in Q4
Hyderabad: In tune with the general slowdown in technology market, Information Technology (IT) major Satyam Computer Services Ltd has reported a loss of Rs 35.91 crore during the fourth quarter ended March 31, 2003 after writing off its investment in a subsidiary.
INTERNATIONAL SARS epidemic could affect world economy: WTO
Geneva: The deadly SARS (Severe Acute Respiratory Syndrome) outbreak in China and Hong Kong could cause long-term damage to
the regions economic growth and knock-on effects for the rest of the world unless it is brought quickly under control, the World Trade
Organisation (WTO) said on April 23.
