SATYAM AND GE RENEW PACT
Article Abstract:
Satyam Computer Services Ltd (SECL), Secunderabad, and General Electric Company (GEC) of USA have renewed their agreement for a period of three years. Under the agreement, SECL will provide software and engineering services for GEC's overseas business requirements. SECL has a team of 3,000 professionals based at six locations. The agreement covers software services in applications, development and maintenance, systems integration, conversion and migration, engineering services covering CAD/CAM/CAE/ERP implementation, electronic commerce and network enabled services. (gs)
Comment:
Renews agreement for a period of 3 years to provide General Electric's overseas bsnss software & engineering services
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KIRLOSKAR COMPUTER SEES OPEN OFFER
Article Abstract:
Sri Vijaydurga Investments and Agencies Pvt Ltd (SVIAPL) has come out with an open offer to buy a 43 percent stake in Kirloskar Computer Services Ltd (KCSL). The open offer is to acquire 6.16 lakh shares at Rs17.50 per share. This is the same price at which SVIAPL negotiated a deal with a shareholder of KCSL to acquire a 3 percent stake. If the open offer gets a good response exceeding a 33 percent stake, SVIAPL plans to delist KCSL from the Bangalore Stock Exchange. KCSL has an equity capital of Rs1.42 crore. (khr)
Comment:
Sri Vijaydurga Investments & Agencies has come out w/ an open offer to buy a 43% stake in company
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SATYAM VALUES INTANGIBLE ASSETS
Article Abstract:
Satyam Computer Services Ltd (SCSL) has for the first time valued its brand and human resources. In 1997-98, SCSL's human resources were valued at around Rs548.41 crore while the brand was worth Rs139.85 crore. SCSL has derived the brand value on the basis of the average weighted profits for the year ended March 31, 1998. Of the total assets of Rs911.47 crore, intangible assets accounted for 76 percent while tangible assets accounted for 24 percent. (ag)
Comment:
Human resources is valued at around Rs548.41 crore, while brand is worth Rs139.85 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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