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TCS Q1 net up 37 pc to Rs 797 crore

Mumbai, July 18: Tata Consultancy Services Ltd (TCS) has posted a net profit of Rs 796.69 crore for the quarter ended June 30, 2006, as compared to Rs 578.86 crore for the quarter ended June 30, 2005, an increase of 37.63 per cent.

Announcing the results, the company said its total income is Rs 3,465.90 crore for Q1 FY 06-07 as compared to Rs 2,276.32 crore in Q1 FY 05-06.

Further the company has informed that, the Board has declared an interim dividend of Rs 3.00 per equity share.

Commenting on the quarter's performance, the company's CEO and MD S Ramadorai said, ''At TCS, the management continues to focus on driving sustainable, robust growth and Q1 has been marked by strong growth in volumes coupled with increasing traction for our new growth engines like BPO and consulting.'' ''Our global Network Delivery Model has been validated by customers who are increasingly leveraging these centers effectively to take advantage of our bouquet of full services on offer,'' he added.



UNI

GHCL to close Roseby's acquisition by August

New Delhi, July 18 (UNI) Gujarat Heavy Chemicals (GHCL) today said it will close the Rosebys acquisition by the first week of August 2006. Targeting to become a fully integrated company in international home textiles space, chemical and textiles company GHCL Ltd acquired UK's leading retail chain, Rosebys for 40 million dollars in June. The acquisition, which was scheduled to be completed by October this year, will now be completed by 1st week of.....

Contentkeeper to set up 24x7 call centre

Hyderabad, July 18 (UNI) ContentKeeper Technologies, Australia, an Internet Security Company, proposes to invest USD 500,000 over the next four months to set up a large customer service centre here to service markets in Europe and USA. The company, whose products are designed to enable organisations of all sizes to Monitor, Manage, Control and Secure Corporate access to Internet resources, also announced a strategic tie-up with Zoom Technologies (India). The tie up was.....

Army officials to be penalised for irregularities in procurement

New Delhi, July 18 (UNI) Penal proceedings have been ordered against two General officers and eight other officers of the army in connection with alleged irregularities in procurement of certain items of dry ration. GOC-in-C, Western Command, Lt Gen Daljit Singh has directed disciplinary action against one General, five other officers and administrative action against one General and three other officers, which will be initiated soon, according to an official release here. The action came.....
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