MUMBAI, May 2 (Reuters) – Smaller, specialised software
services firms are likely to see better pricing in FY12, as
demand for the services they offer rises, partly offsetting the
impact of higher costs on margins.
Analysts expect rates in verticals such as banking,
financial services, insurance, energy, utilities and
manufacturing to increase about 1 percent, along with
applications such as enterprise resource planning, consulting
and package implementation.
MUMBAI (Reuters) – Mid-tier IT firm KPIT Cummins Infosystems Ltd expects operating margins to grow by a couple of percentage points in FY12, driven by high growth and better pricing, a top official told Reuters on Tuesday.
The Pune-based company had clocked operating (EBITDA) margins of 15 percent in FY11.
NEW DELHI, April 20 (Reuters) – HCL Technologies ,
India’s fourth largest software services firm, on Wednesday
posted a better-than-expected rise in Jan-March profit, clearing
the concerns that clouded the outsourcing sector after Infosys’
weak quarterly performance.
Shares of the company, which the market values at $7.34
billion, surged as much as 9.8 percent to a 11-year high of
522.35 rupees, in a firm Mumbai market, also boosting the BSE IT
index , which rose as much as 2.09 percent.
MUMBAI, April 15 (Reuters) – Most mid-tier software services
firms are likely to see profits drop in a seasonally weak
quarter, but a slight depreciation in the rupee against the
dollar is expected to offset lower utilisation rates, leading to
The January-March quarter is a seasonally weak one, as
clients generally finalise their budgets for the next fiscal
during this period, leading to a spurt in spending in the first
two quarters of the upcoming fiscal year.
NEW DELHI/MUMBAI (Reuters) – The upcoming phase-III of FM Radio auctions in India is unlikely to see a bidding war, like last year’s telecom spectrum auction, as cautious media firms may not spend hefty sums in a sector that has limited revenue potential.
The government has recommended an e-auction for the third round of FM radio privatisation, after attempting an open auction in the first round and a manual auction in the second.
NEW DELHI/MUMBAI, April 5 (Reuters) – The upcoming phase-III
of FM Radio auctions in India is unlikely to see a bidding war,
like last year’s telecom spectrum auction, as cautious media
firms may not spend hefty sums in a sector that has limited
The government has recommended an e-auction for the third
round of FM radio privatisation, after attempting an open
auction in the first round and a manual auction in the second.
MUMBAI, March 30 (Reuters) – PTC India Financial Services
, a unit of power trader PTC India , on
Wednesday slumped as much as 16 percent on its debut on the
Bombay Stock Exchange, as investors raised concerns over high
valuation and near-term returns.
At 11.47 am, shares of PTC India Financial were at 25.55
rupees, 8.75 percent below the issue price, in a Mumbai market
that was up 1.15 percent .
MUMBAI (Reuters) – Eros International Media Ltd is looking for joint ventures or acquisitions to expand into regional language markets, especially Telugu and Bengali, a top official told Reuters on Thursday.
Eros, a unit of Eros International Plc, is already present in the Tamil, Marathi and Punjabi language markets and has plans of increasing its presence there and foraying into languages such as Bengali and T elugu. Eros gets about 10-15 percent of its revenue from regional language cinema.
As the scandal-tainted Congress coalition in India struggles to deal with graft allegations, the focus has shifted to an anti-corruption bill that may well be the bane of future governments.
The Lokpal bill, which aims to bring the prime minister’s office and lawmakers under the purview of an anti-corruption ombudsman, has been introduced, rehashed and abandoned several times since 1968, the year it was first proposed.