| Patni may host all IT services on 'cloud' | 21-NOV-09 |
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| Notwithstanding the speculation that continues over the stake sale of the Patni brothers (who hold 48.3 per cent) and General Atlantic (which holds 18 per cent), Patni Computer Systems says it hopes to become the first company in the country to host all its information technology services on the cloud (a metaphor for the internet). |
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| L&T's Satyam share sale pulls down scrip | 14-NOV-09 |
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| Larsen & Toubro (L&T) has sold a third of its holding in Mahindra Satyam, or 27.24 million shares, for Rs 306.54 crore, taking the software company’s share price down by 6.6 per cent, the biggest fall in five months. |
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| Patni Computer promoters to take call on stake sale by January | 06-NOV-09 |
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| Reviving plans to offload part of their holdings in Patni Computer Systems, promoters are studying offers from various companies, according to market sources. A clear decision on bids from various contenders for the promoter holdings, added the sources, was expected by January. The three Patni brothers, non-executive chairman Narendra Patni and his younger brothers, Gajendra and Ashok, hold equal stakes totalling 48.3 per cent in India’s sixth-largest software exporter. |
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| Madras HC sets deadline for Pyramid dues | 03-NOV-09 |
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| The High Court here directed Pyramid Saimira Theatre Ltd (PSTL) today to pay back its dues to Patni Financial Services before Thursday, failing which an official liquidator will be re-appointed. The company had earlier said it was planning to raise Rs 50 crore in Qualified Institutional Placement and told the court it would pay the money to Patni by early next year. |
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| Patni net down 6.5% | 01-NOV-09 |
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| Patni Computer Systems posted a net income (India GAAP) of Rs 168.5 crore for the third quarter ended September 30, down 6.5 per cent from Rs 180.2 crore in the corresponding quarter in the previous financial year. Revenue for the quarter at Rs 833.7 crore (including other income) dipped 1.5 per cent from Rs 846.7 crore in the same quarter last year. Excluding Other Income, revenue grew marginally by 0.3 per cent. |
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| A tear for reality | 25-OCT-09 |
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| Unlike many others, who refer to them as “completely trashy shows”, I’ve always enjoyed bingeing on the junk that reality shows provide on television. I’ve loved the process of sifting through channels and somehow felt very secure cocooned in my room with a remote in my hand. |
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| Autonomous body to look into broadcasting: Soni | 19-OCT-09 |
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| Minister for Information and Broadcasting Ambika Soni today categorically said the government was mandated to set up an independent mechanism, which would look at all aspects of the broadcasting sector. |
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| HC allows NDTV Imagine to beam 'Pati Patni Aur Woh' | 06-OCT-09 |
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| The Delhi High Court today allowed entertainment channel NDTV Imagine to continue its reality TV show 'Pati Patni Aur Woh,' by staying the National Commission for Protection of Child Rights order to cease telecast. |
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| NCPCR issues notice to NDTV | 03-OCT-09 |
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| The complaints of cruelty with infants on reality show Pati Patni aur Woh has made the child rights commission, NCPCR, swing into action which has issued a notice to the TV channel and written to the Information and Broadcasting ministry to intervene. |
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| Patni appoints Vijay Mehra as EVP | 30-SEP-09 |
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| IT and BPO service provider, Patni Computer Systems, today appointed Vijay Mehra as Executive Vice President and Head of Business Verticals. |
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| Patni targets 6% revenue from domestic market by 2012 | 18-SEP-09 |
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| Patni Computer Systems, India’s sixth largest information technology (IT) firm, expects revenue from domestic market to account for 6 per cent of its overall revenue over the next three years. Currently, its India revenues are less than one per cent. The company is also eyeing acquisitions to increase its penetration and growth in the domestic market. |
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| Patni brothers revive stake sale talks | 14-SEP-09 |
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| The promoters of Patni Computer Systems and private equity firm General Atlantic have revived consultations with potential buyers to sell a part of their stake in the company. |
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| US markets end +ve; Patni Computers slips 4% | 11-SEP-09 |
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| US stocks gained for a fifth straight day on Thursday on the back of positive outlook from consumer product company Procter & Gamble and a successful Treasury bond auction boosted investors' confidence. |
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