Archive for May 30th, 2007
IT Majors Concerned Over Rising Rupee, Possible Margin Loss
Wednesday, May 30th, 2007The rising rupee has become a major cause for concern among software exports firms. The IT industry, especially tier-II firms, which are not adequately hedged, will take a hit.
“The rupee appreciation is impacting the overall earnings of software exports firms. With entire revenues accruing from exports, we have already observed an impact of 2-4 per […]
AP Govt To Provide 435 Acres To Infosys In Pocharam
Wednesday, May 30th, 2007Pocharam, it seems, is set to gain from the fracas witnessed during the last few months in Mamidipalli and Kancha Imarat, two villages under the Ranga Reddy district in Andhra Pradesh.
IT giant Infosys has been provided 435 acres of land as an alternate venue. This come after the state government was unable to take back […]
Malaysian Firm Takes ‘Touch N Go’ To Hyderabad Airport Car Park
Wednesday, May 30th, 2007The “Touch & Go” ticketing system at Malaysian highways and car parks will be used in India, after a Malaysian-based company, Tenaga Group, clinched a contract to manage the automated parking management system at the Hyderabad International Airport that will be commissioned next March.
Tenaga Parking (India) Pvt Ltd, the Indian arm of Tenaga Group, secured […]
Eight New Hotels To Come Up In Hyderabad
Wednesday, May 30th, 2007After attracting the IT companies, Hyderabad is now attracting hotels. Eight new hotels will be up next year, reports CNBC-TV18.
Hyderabad has only 2,000 star rooms right now. But in three years, it will have well over 10,000. That is because hotels see potential in Hyderabad. Hyderabad offers the right mix of affordable property rates, large […]