Thursday, December 11, 2008
Thursday, June 19, 2008
California Software to acquire Inatech for $6.17 mn
Software development firm California Software Company (Calsoft) today said it will acquire the remaining 49 per cent stake in Inatech Infosolutions, India, for $6.17 million (Rs 24.47 crore), making it its wholly-owned subsidiary.
California Software was to originally acquire the said stake in November 2009.
In a filing to the Bombay Stock Exchange, the company said it has signed a Memorandum of Understanding with Inatech, a specialised end-to-end Oracle solutions provider.
Calsoft would fund the acquisition by way of cash and stocks, subject to regulatory approvals.
"Inatech's performance and presence in Europe have encouraged us to accelerate the buy out. Given the size of our organisation and the complementary nature of our businesses, we should recognise revenue synergies and significant economies of scale," CEO Calsoft S Santhosh said.
Earlier in 2006, Calsoft had acquired 51 per cent majority stake in Inatech Solutions UK and Inatech InfoSolutions India.
Inatech is a specialised Oracle solution provider with a major focus in construction, hi-tech, manufacturing, distribution and has primarily focused on the UK market.
Inatech posted consolidated revenues of Rs 30.54 crore and with profits after tax of Rs 3.6 crore for the half ended September 30, Calsoft added.
Shares of Calsoft were trading at Rs 84, down 1.64 per cent on the BSE in afternoon trade
It’s time to change your mobile Ringtone!
California Software was to originally acquire the said stake in November 2009.
In a filing to the Bombay Stock Exchange, the company said it has signed a Memorandum of Understanding with Inatech, a specialised end-to-end Oracle solutions provider.
Calsoft would fund the acquisition by way of cash and stocks, subject to regulatory approvals.
"Inatech's performance and presence in Europe have encouraged us to accelerate the buy out. Given the size of our organisation and the complementary nature of our businesses, we should recognise revenue synergies and significant economies of scale," CEO Calsoft S Santhosh said.
Earlier in 2006, Calsoft had acquired 51 per cent majority stake in Inatech Solutions UK and Inatech InfoSolutions India.
Inatech is a specialised Oracle solution provider with a major focus in construction, hi-tech, manufacturing, distribution and has primarily focused on the UK market.
Inatech posted consolidated revenues of Rs 30.54 crore and with profits after tax of Rs 3.6 crore for the half ended September 30, Calsoft added.
Shares of Calsoft were trading at Rs 84, down 1.64 per cent on the BSE in afternoon trade
It’s time to change your mobile Ringtone!
Infosys stock doesn't make you a millionaire anymore
Once considered the hot stock of the Dalal Street, technology stocks now seem to be losing their charm. In the last 12 months, while the BSE Sensex zoomed 39.8%, all top IT stocks be it Infosys, TCS, Wipro or Patni declined by double-digit percentages. Call it the rising rupee, impending taxes or analyst outlook, the IT sector has to work wonders to bring back its magic touch.
Infosys Technologies, the bellwether of Indian IT stocks, which has many a times swung the declining Sensex to higher levels by it’s scrip alone, has been trading at a decline from its highs since past one year. The price of the stock has waned by a whopping 26.8% on the BSE. The stock was trading at Rs 2,193.75 on December 1, 2006. It has slid to Rs 1,604.05 as on December 1, 2007. As of end September 30, 2007, the Infosys’ market capitalisation stood at Rs 108,116 crore. It dipped to about Rs 89,000 crore in last week of November before bouncing back to Rs 1,22,115 crore on December 4, 2007. Infosys declined to comment on stock movement but said it has managed to maintain its margins.
India’s largest IT company, TCS, which has revenues of over $4.3 billion and over 1,00,000 employees is also seeing a decline on the BSE. TCS scrip has declined 14.56% on the BSE to Rs 1,013.95 from Rs 1,186.80. TCS’ market capitalisation has declined by a whopping Rs 13,098 crore from December 1, 2006, till Tuesday. All top four IT companies-TCS , Satyam , Infosys and Wipro-are included in the Sensex which comprises 30 largest and most traded stocks on the BSE.
But the Sensex, in contrast , has been on a stellar show since last year. The Sensex has zoomed from 13,844 level since December 1, 2006, to 19,363.19 as on December 1, 2007, a gain of 39.8%. The Wipro stock has declined 23.4% eroding almost Rs 140 from its stock price as on December 1, 2007. Wipro has shed Rs 14,415 crore in market capitalisation since last year.
Satyam is the only stock which shows a single-digit decline at 5.76%. But the Hyderabad-based company has also lost Rs 662 crore in a market capitalisation since December 1, 2006. As compared, Patni Computer Systems fell by 19.27%. Patni stock was buoyed in the medium term after talks of a stake sale to a private equity firm but the stock fell as the reported stake sale was called off.
Infosys Technologies, the bellwether of Indian IT stocks, which has many a times swung the declining Sensex to higher levels by it’s scrip alone, has been trading at a decline from its highs since past one year. The price of the stock has waned by a whopping 26.8% on the BSE. The stock was trading at Rs 2,193.75 on December 1, 2006. It has slid to Rs 1,604.05 as on December 1, 2007. As of end September 30, 2007, the Infosys’ market capitalisation stood at Rs 108,116 crore. It dipped to about Rs 89,000 crore in last week of November before bouncing back to Rs 1,22,115 crore on December 4, 2007. Infosys declined to comment on stock movement but said it has managed to maintain its margins.
India’s largest IT company, TCS, which has revenues of over $4.3 billion and over 1,00,000 employees is also seeing a decline on the BSE. TCS scrip has declined 14.56% on the BSE to Rs 1,013.95 from Rs 1,186.80. TCS’ market capitalisation has declined by a whopping Rs 13,098 crore from December 1, 2006, till Tuesday. All top four IT companies-TCS , Satyam , Infosys and Wipro-are included in the Sensex which comprises 30 largest and most traded stocks on the BSE.
But the Sensex, in contrast , has been on a stellar show since last year. The Sensex has zoomed from 13,844 level since December 1, 2006, to 19,363.19 as on December 1, 2007, a gain of 39.8%. The Wipro stock has declined 23.4% eroding almost Rs 140 from its stock price as on December 1, 2007. Wipro has shed Rs 14,415 crore in market capitalisation since last year.
Satyam is the only stock which shows a single-digit decline at 5.76%. But the Hyderabad-based company has also lost Rs 662 crore in a market capitalisation since December 1, 2006. As compared, Patni Computer Systems fell by 19.27%. Patni stock was buoyed in the medium term after talks of a stake sale to a private equity firm but the stock fell as the reported stake sale was called off.
Experts peg the decline to a change in outlook of investors after the rise in rupee and crash in the US subprime market. Though many companies have been able to maintain margins by increasing productivity and efficiencies, investors and analysts are not too sure they will be able to maintain them in the future quarters too.
According to Gartner’s senior research analyst Arup Roy: “Rising rupee will force Indian offshore IT service providers to renegotiate billing rates. This erodes the price differential edge enjoyed by these companies and could make them less competitive compared with external service providers (ESPs). Margin erosion will also make it difficult for them to hire and retain skilled workers.”
Most companies depend heavily on the US financial sector (this accounts for about 60% of the work that Indian IT companies do), which is in a bit of turmoil. Though, analysts expect more outsourcing as a slowdown in US economy may reduce IT budgets of companies and they will send work to India to cut costs. Though US-India business lobby groups believe that the rhetoric against outsourcing may gain fervour in the coming months.
This could delay large outsourcing deals from the US. The impact of taxes in India if the government fails to renew the STP tax-sop scheme (which is ending in March 2009) may also show its impact by Q1 and Q2 next fiscal. All this will change investor outlook in IT stocks further.
Rupee has been on a rise against the dollar and the impact is clearly visible. Although large Indian IT services companies do manage to offset the impact on margins by currency-hedging activities, many still suffered operating margin erosion.
At a recent JP Morgan conference last month, investors said they are shifting from IT stocks to real estate and infrastructure which offer better prospects. “Earlier margins of IT companies were in the 30% range. Now they are in the 20’s and next year investors fear a further erosion.
But investors are also interested in KPO like businesses which offer better margins,” says Avinash Vashishtha, CEO of Tholons, an offshore advisory firm. Escalating salary costs which amount to 65% of entire costs base of IT sector is also responsible for margin erosion, say experts. As of now, at least things look pretty gloomy for the technology players.
According to Gartner’s senior research analyst Arup Roy: “Rising rupee will force Indian offshore IT service providers to renegotiate billing rates. This erodes the price differential edge enjoyed by these companies and could make them less competitive compared with external service providers (ESPs). Margin erosion will also make it difficult for them to hire and retain skilled workers.”
Most companies depend heavily on the US financial sector (this accounts for about 60% of the work that Indian IT companies do), which is in a bit of turmoil. Though, analysts expect more outsourcing as a slowdown in US economy may reduce IT budgets of companies and they will send work to India to cut costs. Though US-India business lobby groups believe that the rhetoric against outsourcing may gain fervour in the coming months.
This could delay large outsourcing deals from the US. The impact of taxes in India if the government fails to renew the STP tax-sop scheme (which is ending in March 2009) may also show its impact by Q1 and Q2 next fiscal. All this will change investor outlook in IT stocks further.
Rupee has been on a rise against the dollar and the impact is clearly visible. Although large Indian IT services companies do manage to offset the impact on margins by currency-hedging activities, many still suffered operating margin erosion.
At a recent JP Morgan conference last month, investors said they are shifting from IT stocks to real estate and infrastructure which offer better prospects. “Earlier margins of IT companies were in the 30% range. Now they are in the 20’s and next year investors fear a further erosion.
But investors are also interested in KPO like businesses which offer better margins,” says Avinash Vashishtha, CEO of Tholons, an offshore advisory firm. Escalating salary costs which amount to 65% of entire costs base of IT sector is also responsible for margin erosion, say experts. As of now, at least things look pretty gloomy for the technology players.
Every fifth IBM employee is in India
IBM did not provide updated figures for its work force in the US, which has held steady around 125,000 people in recent years.
Nor did IBM project its total head count. It had 355,766 employees worldwide at the end of 2006.
If the total has risen by the same rate as in 2006, almost one in five IBM workers now is in India, its second-largest center.
Like many other technology providers, IBM has rushed to take advantage of the lower labour costs India offers even for highly skilled workers. IBM's base in India numbered only 9,000 people in 2003, but it was about 53,000 last year.
IBM has been stressing not only the lower expense of working in India but the potential of the Indian market. IBM executives said that the company expected to see revenue from the Indian market jump to nearly $1 billion this year, from $700 million in 2006.
Armonk, NY-based IBM is also ramping up in other key developing markets. Its chairman and chief executive, Sam Palmisano, recently formed a new organisation that will spur IBM's investment in emerging economies.
The plan is meant to capitalise on the higher growth rates in the so-called “BRIC” countries of Brazil, Russia, India and China. IBM's revenue from those countries rose 18 percent in the first three quarters of this year, even after discounting the benefit of currency fluctuations.
IBM's total employee count in these countries now is nearly 100,000, up from 70,000 a year ago.
IBM's vice president of financial management, Jesse J Greene Jr, would not forecast how much more hiring the company still might do in emerging markets.
However, he said “we see continuing good stability in the BRIC countries in general and good opportunity for growth in these countries as well.”
VT Manpower is conducting 4th Mega Walk-in Mela in Madurai on 21st June 2008 (Saturday) and in Coimbatore on 22nd June 2008 (Sunday)
Come Together, We will create “NO UNEMPLOYMENT” in India.
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VT Manpower will be coming Madurai and Coimbatore to Conduct
4th Mega Walk-in Mela with
Our Valuable Clients and Our Aggressive Team
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Previous Records of VT Manpower:
1. First Walkin Mela (Fair) was conducted in Queen Mary's College, Chennai on 16th&17th of February-2008. Total no of Walk-in’s 15584 and Total no of Offers are 1533.
2. Second Walkin Mela (Campus Fair) conducted in Queen Mary's College, Chennai on 1st&2nd of March. Total no of Walk-in’s 7114 and Total no of Offers are 485
3. Third Walk-in Mela (Fair) was conducted in A.M Jain College, Chennai on 31st May and 1st June 2008. Total No of Walk-in’s 12451 and Total No of Offers are 1100
Apart from this, using the Resumes collected in the Fair, we have given more than 750 offers, to the candidates in our various clients place.
Attend this 4th Mega Walk-in Mela to get placed in leading companies.
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Dear Friends,
Please refer all your friends.
SPOT Offers in all the companies
“Your VT Manpower Consultancy Services Private Limited” is one of the India’s largest “HR Solutions” firm.
“Your VT Manpower Consultancy Services Private Limited” is in progress from the year 2006, and has around 175 strong clients as our credit from various industrial sectors like IT, BPO/ KPO, Banking and Insurance, FMCG and FMCD, Logistics, Stock Broking, Shares, Retail, Telecom, Engineering Industries of all types like Electronics, Chemical, Civil, Automobiles, Construction etc, Hotels and Hospitality, Airways, Media, Press, Advertisement, Cement, Steel, Projects, Education, Fashion Industry etc.
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VT Manpower is conducting 4th Mega Walk-in Mela in Madurai on 21st June 2008 (Saturday) and in Coimbatore on 22nd June 2008 (Sunday).
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We will be sending Companies Requirement List through email before 17th of June 2008.More than 5 Companies will be participating.
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Our Participating Clients are having various vacancies.
ITES/BPO Industry:
Our Clients are having variable shift timings like:
1. Australian Shifts
2. US Shifts
3. UK Shifts
4. Day Shifts
5. Rotational Shifts
And having Various Service Process like:
1. In-Bound Process
2. Out-Bound Process
3. Surveys Process
Our Clients are having Jobs vacancies currently for International Process for:
1. Customer Support Executives - (Non-Voice)
2. Customer Support Executives - (Voice)
3. Technical Support Executives - (Non-Voice)
4. Technical Support Executives - (Voice)
And Domestic Process for:
1. Tamil Call Center Executives
2. Telugu Call Center Executives
3. Malayalam Call Center Executives
4. Kannada Call Center Executives
5. Customer Support Executives (Non-Voice)
6. Customer Support Executives (Voice)
BFSI Industry:
1. Junior Executive (Securities, Loans, Insurance)
2. Senior Executive (Securities, Loans, Insurance)
3. Assistant Manager (Securities, Loans, Insurance)
4. Manager (Securities, Loans, Insurance)
Recruitment Industry:
1. HR Executives
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Advantages and Benefits:
- All the companies are having openings for both Freshers and experienced candidates..
- If you have any idea to change your job or career, we provide you that opportunity also.
- This will not waste your time and effort.
- If you are having any idea to change your domain, you can attend this job fair,
- Age limitation is 32 for all the openings.
- Have minimum three offers in your dream company and take home your choice.
- We are not getting any money from the Candidates.
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Venue and Date:
Date: 21/06/2008 (Saturday) and 22/06/2008(Sunday)
Madurai:
Date: June 21, 2008-Saturday
The Madura College,
Vidhya Nagar,
Madurai - 625 011.
Stopping: The Madura College
Landmark: Opposite to Madurai Tamilnadu Polytechnic
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Coimbatore:
Date:June 22, 2008-Sunday
Dr.G.R.Damodaran College of Science,
Avinashi Road,
Civil Aerodrome Post,
Coimbatore - 641 014.
Stopping: In between CODISSIA and Aravind hospital
Landmark: Opposite to GPT (Government Polytechnic)
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Call for Clarifications:
1.044-64548801
2.044-64548802
3.044-64548804
4.044-64548805
5.044-64548796
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~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
We are not getting any money from the Candidates.
~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
~~~~~~~~Please forward this mail to all groups and your friends. ~~~~~~~
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DON’T FORGET TO BRING MINIMUM 6 RESUMES FOR THE INTERVIEW
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The sender of this email is registered with naukri.com as VT Manpower Consultancy Services Private Limitedvtmvtman8@gmail.com, 4E, Mandira Apartments,, 23A, North Boag Road,, T.Nagar,, Chennai, Tamil Nadu. - 600017) using Naukri.com services. The responsibility of checking the authenticity of offers/correspondence lies with you.
If you consider the content of this email inappropriate or spam, you may:
1. Report abuse by forwarding this email to : abuse@naukri.com
2. Block this company - VT Manpower Consultancy Services Private Limited (ref no: 116802) from accessing your resume by logging into your naukri account and selecting Block Company in the Privacy Settings section.
Please note that Naukri.com does NOT endorse any requests for money payments, or sharing of bank account details. (
If you consider the content of this email inappropriate or spam, you may:
1. Report abuse by forwarding this email to : abuse@naukri.com
2. Block this company - VT Manpower Consultancy Services Private Limited (ref no: 116802) from accessing your resume by logging into your naukri account and selecting Block Company in the Privacy Settings section.
Please note that Naukri.com does NOT endorse any requests for money payments, or sharing of bank account details. (
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