Technology Sector

Aptech, Falgo Group to setup various IT Training Centers in Brazil

Aptech, Falgo Group to setup various IT Training Centers in BrazilMumbai-headquartered Aptech Ltd, has entered into a 51:49 joint venture with Falgo group to set up various IT training centers in Brazil.

Under the arrangement, the company will setup its first centre in Brazil up by August.

Latest reports suggest that, investment in the Brazilian venture is pegged at $1 million. However, the final disclosure from the companies has yet to come.

The company said, all courses, which it offered in Brazil would be in line with the Brazilian university programmes.

Buy Rolta India

ROLTAStock market analysts are bullish on Rolta India and maintained 'Buy' rating on the stock to achieve an intra-day target between Rs 106-110.

Traders can buy the stock above 88 with a stop loss of Rs 84.

Shares of the company, on Friday (April 24), closed at Rs 81.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 360 and a low of Rs 40.70 on BSE. Current EPS and P/E of the stock stood at 19.85 & 4.18 respectively.

The structure looks very positive, so buy the stock and hold, if it maintains above Rs 90, a big move is expected.

Microsoft confirms release of Windows 7 RC on schedule – April 30

Microsoft Windows 7 Launch ConfirmedAccording to Microsoft’s late Friday confirmation, the much-awaited Windows 7 Release Candidate 1 will be released to early adopters on its schedule – April 30.  

Giving the latest news about the stable and completed code for Microsoft’s Windows 7 operating system, manager Brandon Le Blanc said in an official blog posting that while mass availability of the OS will begin from May 5, users who subscribe to Technet or Microsoft Download Network (MSDN) will be able to download the release candidate on April 30 itself.

3i Infotech arm inks deal with Emax to provide IT solutions

3i Infotech arm inks deal with Emax to provide IT solutions   Part of the US$ 2.5 billion plus Landmark Group, Emax, notified that it has selected Orion Enterprise solution, a subsidiary of 3i Infotech for providing IT solutions.

India-based 3i Infotech provides a range of information technology solutions for insurance, banking & finance, Capital Markets, Mutual Funds, e-Governance, manufacturing, and retail & distribution.

Trivitron ties knot with BioSystems

Trivitron ties knot with BioSystemsMedical technology products manufacturer Trivitron Group of Companies, has formed an alliance with BioSystems, Spain, to manufacture in-vitro diagnostic (IVD) reagents.

It should be noted that this is the third manufacturing joint venture for Trivitron in recent times. Earlier, the firm has signed joint ventures with Brandon Medical for making operation theatre bulbs and Aloka of Japan for portable ultrasound scanners.

3i Infotech Q2 net profit grows 85.29%

3i Infotech 3i Infotech, a global Information Technology company, has registered 85.29 growth in its net profit to Rs 90.46 crore for the quarter ended March 31. The company had a net profit of Rs 48.82 crore in the same quarter ended March 2008.

Further, the company's net sales also rose to Rs 606.76 crore in the quarter, up by 73.25% from Rs 349.86 crore in the previous year-ago quarter. Apart from the announcement of results, 3i Infotech Ltd has recommended an equity dividend of Rs 1.50 per share having face value of Rs 10/- each.