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Cognizant to ring NASDAQ opening bell remotely from Chennai

Mumbai, Feb 26 (UNI) Cognizant Technology Solutions Corporation will ring the NASDAQ opening bell remotely from the company's Chennai Techno-complex on March 5.

In addition, Cognizant and NASDAQ will co-host another ceremony at NASDAQ MarketSite at Times Square, New York, a company release said here today.

Cognizant was listed on NASDAQ in June, 1998. Since then, the company has become one of the top-tier global IT services firms, surpassing US 1.4 billion dollars in annual revenue in 2006.

In 2004, Cognizant was named to the NASDAQ-100 Index and was selected to join the S&P 500 Index, the first global offshore IT services firm in November last to achieve the distinction.

UNI

Tekelec appoints new MD for India and SAARC operations

New Delhi, Feb 26 (UNI) Network applications company Tekelec has announced the appointment of Mr Rajesh Kaul as its Managing Director for India and SAARC operations. Mr Kaul has 15 years of experience in telecom industry at various positions with Lucent, Samsung and Philips Communication. He has been heading the sales function for Tekelec since last three years. He has over the years established footprint and major deployments for Tekelec products with Tier I operators in the region......

Ok Play India to raise $15mln in overseas markets

New Delhi, Feb 26 (UNI) Plastic products manufacturer OK Play India will raise 15 million dollars in overseas market. The members of the company have accorded to issue Global Depository Receipts (GDRs) in one or more foreign markets. The issue is, however, subject to necessary provisions and approvals. UNI.....

IT People proposes follow-on public offer

New Delhi, Feb 26 (UNI) IT People India Ltd has said it is proposing to make a follow-on Public Offering (FPO) of equity shares at a tune of Rs 45.25 crore through 100 per cent book building process. The FPO has been planned to generate additional resources to meet its expansion needs including investment in technology infrastructure, product enhancement and business expansion, a company statement said. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI and Bombay Stock.....
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