TATA IBM PEAKS ON MD TURNOVER
Article Abstract:
Tata IBM (TIBM) a leading information technology company which started its operations in 1992 has already replaced three managing directors. It is in the process of appointing a new managing director on January 1, 1999. Mr Ravi Marwaha, the managing director and chief executive officer, has been posted as vice president, marketing planning and strategy worldwide server group at Somers in New York, US. Mr Mukesh Aghi who was the number two executive in Tata IBM will handle assignment in the mega projects business of IBM Global Services in Asia Pacific. TIBM has accumulated losses of Rs86.35 crore as of June 1997. It had posted an income of Rs746.87 crore. It had incurred an operating loss of Rs5.33 crore. (gs)
Comment:
Tata IBM (TIBM) a leading information technology company which started its operations in 1992 has already replaced three managing directors.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HYDERABAD'S REAL ESTATE SHOWS PROMISE
Article Abstract:
Real estate prices in Hyderabad have been increasing while the prices in the other major metros have decreased by 25-30 percent in the past one year. This is because Hyderabad is being converted into a nodal centre for Information Technology as multinational companies like Microsoft, Oracle and Baan are setting up their software development centres there. A two- bedroom flat in the heart of the city is available for about Rs4 lakh while the same can be got for about Rs2 lakh in the outskirts of the city. The prices of flats in some localities like Ameerpet, Banjara Hills and Ashok Nagar have doubled in the last three years. (khr)
Comment:
India: Real estate prices in Hyderabad rises while prices in other major metros decreases by 25-30% in the past one year
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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