The company had a consolidated net profit of Rs 172.74 crore in the same period last fiscal, Tech Mahindra said in a filing to the Bombay Stock Exchange (BSE).

Tech Mahindra Q3 net jumps 49% to Rs 257 cr

Business Standard

Hewlett-Packard Co, the largest maker of computers, announced a board shake-up aimed at adding foreign-based directors and quelling criticism over the way it handled the departure of CEO Mark Hurd.

HP shakes up board to quell criticism

The Essar Group, which has 33 per cent in Vodafone Essar, has attacked its partner, UK-based Vodafone Plc, for allegedly attempting to force it out of the company to be able to own all the equity in the Indian telecom arm, by buying the Essar stake at an &ldquo;artificially depressed value&rdquo;.

Vodafone wants 100% control at low value: Essar

The department of commercial tax in Chhattisgarh is mooting a plan to make the working in the department more hi-tech with the use of information technology (IT).

Chhattisgarh moots IT in commercial tax dept

Wipro Chairman Azim Premji&rsquo;s dual helmsmanship model has failed. In a tacit admission of the fact, T K Kurien was today appointed Wipro&rsquo;s new CEO, replacing incumbents Girish Paranjpe and Suresh Vaswani. The development comes even as the company announced third-quarter financials that not only disappointed the markets, but also lagged its Indian IT services sector competitors.

Premji buries dual CEO model; Kurien gets job

Union Communications &amp; IT Minister Kapil Sibal came under fire from the Supreme Court today for his remarks against the comptroller &amp; auditor general (CAG) report on the notional revenue loss on 2G spectrum allocation and imposition of fines to legitimise the irregularities.

SC raps Sibal over 2G talk

Share of profits from associate firm Mahindra Satyam and forex gain helped Tech Mahindra register 48.7 per cent growth in net profit at Rs 257 crore for the third quarter ended December 31 from Rs 172.8 crore in the corresponding quarter last year.

Tech Mahindra posts 49% growth in net

Despite lesser working days in the third quarter (October -December), India&rsquo;s top two information technology (IT) services companies &mdash; Tata Consultancy Services (TCS) and Infosys Technologies &mdash; delivered robust numbers. But Bangalore-based Wipro Technologies, the third-largest IT company, faltered with subdued volume growth and flat margins.

TCS, Infosys steal the show, Wipro lags

This was perhaps the last conversation of Wipro&rsquo;s Joint CEOs, Girish Paranjpe and Suresh Vaswani, with a journalist in their current capacity. Despite being in office and in the city, and being instrumental in driving the company for the past three years, the two decided not to attend the third-quarter results&rsquo; press conference, the last in their career at Wipro.

Q&A: Girish Paranjpe & Suresh Vaswani, Outgoing Jt CEOs, Wipro

Infosys Technologies CEO S Gopalakrishnan has said the Information Technology sector in India is in another growth phase.

Indian IT sector back on growth path: Infy CEO

Press Trust of India

The use of employees, CEOs or ordinary people is growing in advertising.

Realism gains ground

Vodafone today said it was not against Essar conducting an Initial Public Offering (IPO) for their 33 per cent stake in Vodafone-Essar JV, but alleged the Indian firm did not provide material information to the Securities and Exchange Board of India (Sebi) and Bombay Stock Exchange (BSE) on the proposed merger of two companies. Essar, however, dismissed these allegations and said the company had already clarified its stand.

Not against Essar's IPO plan: Vodafone

Mobile phone penetration is set to reach 60 per cent of India&rsquo;s population in 2011, but banking touch points lag at about 0.07 touch points per 1,000 people, said a Deloitte-Assocham&rsquo;s estimates.

Are you ready for M-banking?

Shemaroo and Eros to produce exclusive content for the mobile platform.

Catch your favourite flick on the mobile

Creating a website on your own may sound complex, but it isn&rsquo;t. There are hundreds of free programmes that let you choose templates (like a blog) to get going.

Build your world on the world wide web

Honeywell Technology Solutions Lab (HTSL), a research and development unit of US-based Honeywell International, on Sunday opened its expanded facility and a flight operations centre at the APIIC IT layout in Nanakramguda here. Chief Minister N Kiran Kumar Reddy inaugurated the facility.

Honeywell expands Hyd R&D centre

Indian Information and Technology (IT) sector seems to be back to its record-breaking hiring days, with top player Infosys projecting up to 180,000 employees being hired by the five largest companies this year alone.

'Top 5 IT firms to hire 180,000 this yr'

In April 2008, Wipro&rsquo;s technology business saw one of its biggest churns in the wake of the appointment of Girish Paranjpe and Suresh Vaswani as joint CEOs under an experimental management structure devised by Chairman Azim Premji. Then BPO chief T K Kurien could have quit for greener pastures like colleagues Sudip Nandy, Sudip Banerjee and P R Chandasekar.

BS People: T K Kurien

Avinash Vashistha has been a bit restless of late. In 2000, he left Nortel after being with the company for eight years &mdash; he helped Nortel set up its biggest offshore centres, in India &mdash; to found neoIT, an offshore advisory firm. In 2006, he left neoIT to sibling Atul to set up Tholons, a global strategic advisory firm.

BS People: Avinash Vashistha

Intel Corp, the world&rsquo;s largest chipmaker, added $10 billion to its stock-buyback plan to return money to shareholders as corporations&rsquo; spending on technology boosts its earnings.

Intel adds $10 bn to buyback plan as profit rises

Animation and visual effects company VenSat Tech Services is planning to establish studio presence in the United States, from where it derives 85 percent of its business, by the end of 2011. It would begin by shifting around half of its 150-strong team to the US.

VenSat looks to expand presence in US

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

Page 1986 - Tech News