Technology Sector

HCL Yearly Net At Rs 1,102 Cr, Declares Dividend

Chennai: HCL TechnologiesFor the year ended June 30, 2007, HCL Technologies ha posted a net profit

Omnitech Infosolutions To List On August 14

Omnitech InfoSolutions Limited Stock ChartBSE has declared that from Tuesday, August 14, 2007; the equity shares of Omnitech InfoSolutions Limited (Scrip Code: 532882) are scheduled and accepted for transaction on the stock exchange in the list of ‘B1’ Securities Group.

The company’s equity shares (Symbol: OMNITECH) shall be listed and allowed to dealings on the NSE w.e.f. August 14, 2007.

IT Stocks Makes Recovery as Rupee is looking Weak

In the afternoon trades, the BSE IT index gained 24 points to 4,758.66 owing to the decrease in the rupee values as against the dollar.

In order to tame the rupee, the government had constricted foreign-borrowing rules on 7 August 2007. Now, external commercial borrowings (ECBs) over $20 million have been permissible only for foreign currency expenditure for allowable end-uses and are required to be parked abroad.

Lanco Infratech among Top Gainers on back of Solid Results

In afternoon trading,Lanco Infratech Lanco Infratech climbed up 4.6% to Rs 284.10, broadening its

Wipro Acquires US Outsourcer Infocrossing For USD 600 Mn

Wipro TechnologiesWipro Technologies signed up a definitive agreement to takeover the Nasdaq-l

Oracle To Build R&D System For Innovation

OracleNew Delhi: Enterprise software company Oracle said it will make a research and development (R&D) system for its 19 centers across Asia Pacific and Japan to manufacture, check and showcase technological innovations.

The novel single system will connect 19 development and solution centres that include six Oracle Asia R&D Centres (OARDC) in India, Japan, Korea, Singapore and two in China in addition to 13 solution centres in the Asia-Pacific region.

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