KPIT Cummins Info board members  
May 31, 2008
Source: Google

Pune, KPIT Cummins Infosystems Ltd, solutions partner to global manufacturing corporations, today announced the appointment of Dr R.A. Mashelkar, Ms Lila Poonawala, and Mr K.V. Krishnamurthy as new Independent Directors to the board, Mr Ravi Pandit, Chairman and Group Chief Executive Officer, KPIT Cummins said. Ms Lila Poonawala was awarded the Padmashree in 1989 – recognized for her contribution to the world of engineering and industry. She is currently a Director on the Board of IDBI Bank, IDBI Intech, Technigraphics, Blossom Brewery and Pragati Leadership. Dr Mashelkar is currently the President of Institute of Chemical Engineers, UK and Global Research Alliance. He is also the Chairman of the National Innovation Foundation, Marico Innovation Foundation and Reliance Innovation Council. Mr K.V. Krishnamurthy is currently on the board of Asset Reconstruction Company (India) Ltd, Sundaram BNP Paribas, Mutual Fund, Essel Propack, Essar Steel Ltd, Centrum Capital Ltd.

Satyam takes on lease 4 lakh sq ft in Chennai SEZ     
May 31 , 2008 
SOURCE: Google

Hyderabad, May 30 IT services provider Satyam Computer Services on Friday announced it has leased 4,00,000 sq ft of office space in Shriram-The Gateway, a special economic zone being developed by Shriram Properties Ltd at Perungalathur, Grand Southern Trunk Road, Chennai.

This facility is scheduled for completion in November 2008 and will host nearly 4,000 Satyam consultants, who will work on a broad range of technology applications, industries and regions. This will be in addition to Satyam’s own SEZ in Sholinganallur. 

The Managing Director of Satyam, Mr B. Rama Raju, in a statement said “We are pleased to establish a strong Satyam presence in The Gateway, which accommodates Satyam’s needs for high-quality infrastructure and is in line with the company’s ambitious growth plans for Chennai.”

The Managing Director, Shriram Properties, Mr M. Murali, said “The Gateway has received tremendous response. It gives us great satisfaction to provide a large-scale, high-quality, integrated IT SEZ (in) Chennai.”

Northgate Q4 net profit rises 14%   
May 31, 2008 
SOURCE: Google

Hyderabad, May 30 Northgate Technologies Ltd, registered consolidated revenues of Rs 551.25 crore with a profit of Rs 72.84 crore for the year ended March 31, 2008 as against revenues of Rs 294.57 crore with profit of Rs 57.41 crore for the previous year.

This reflects a growth of 87 per cent in revenue and profit was up 26.88 per cent.

For the quarter ended March 31, 2008, the company revenue was Rs 162.66 crore, up 59 per cent over corresponding quarter of the previous fiscal and net profit was up 14.02 per cent at Rs 20.18.

The company in a statement said that during the year Northgate entered India and China. Hitherto, the focus was on the US and Europe and the South East Asia.