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TCS Q1 net up 19% at Rs 1,534 cr
Beating analyst expectations, India"s largest IT services provider, Tata Consultancy Services (TCS), reported a net profit (consolidated Indian Generally Accepted Accounting Principles -- GAAP) of Rs 1,534 crore -- up 19 per cent year-on-year (YoY) for the first quarter ended June 30, 2009. Its revenue for the same period stood at Rs 7,207 crore -- up 12 per cent YoY.

No child's play
Devika Banerji / New Delhi October 27, 2009, 0:37 IST

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Whistling in the dark
Monday and Tuesday were supposed to be the days for the mock auction for 3G spectrum, with the final auction to be held on January 14. Naturally, then, reporters rushed to meet Telecom Minister A Raja when the last date for the mock auctions passed without anything happening. Instead of announcing a new date, or giving the usual “no comment”, Raja surprised everyone by saying, “The date has not been pushed.”
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Koratty Infopark set to take off

CM Achuthanandan to inaugurate on Oct 10 - CPI(M) sacks VS from politburo, backs Vijayan - Kerala CM to be asked to leave Politburo - CPI(M) Central Committee to discuss Kerala issue - Achuthanandan, Vijayan slug it out at Politburo meeting - Crisis-hit CPI(M) running out of solutions in Kerala State chief minister VS Achuthanandan will inaugurate Koratty Infopark, the first spoke model under Kochi Infopark, on October 10. Thirteen companies have been allotted space (40,000 sft) at the park under Phase I, which was launched in January this year. These companies would employ about 500 professionals and include Bluelabs Technology Solutions, Braddock Infotech, Cent Technologies, Infoprism Solutions, Advaya Infotech, Scienetic Technologies and Mulberry Technologies among others. The park is 45 km from Kochi and 14 km from the Cochin International Airport at Nedumbassery. “We have incorporated the green building concept in the design to blend with the existing architecture and thus strive to provide a beautiful and inspiring atmosphere for a successful professional life,” said Siddhartha Bhattacharya, CEO, Infoparks. He said due to heavy demand for space, the development work on the second phase had been advanced from 2010 to October 2009. “We also plan to offer developed plots on lease in the second phase. The third phase of the park will also be thrown open to private builders in the state. When completed, the park will have a direct employment potential of about 6,000 IT professionals,” he added. The park to be developed on 30 acres, will have IT buildings of approximately 70,000 sft area with plug and play facilities at the end of the second phase.


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