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'The slowdown won't affect good talent'
Aptech has so far trained five million students globally and has over 1,000 centres in 35 countries. In his first interview to the media after taking over as CEO and managing director, Ninad Karpe tells Shivani Shinde how he plans to take the company into the next phase of growth. Edited excerpts:

IIM-L conclave on SME sector
The Indian Institute of Management-Lucknow is organising an ‘India SME conclave’ on December 21 to discuss the competitiveness of the sector in the backdrop of the Free Trade Agreement (FTA) era. The small and medium enterprises (SME) sector is the growth engine of the Indian economy and contributes over 40 per cent to the country’s industrial output and around 35 per cent to direct exports. The theme of the conclave is ‘Low cost financing options and the impact of FTAs on the SME sector in India’.

News of the day

Dadri farmers want more time to return compensation
The farmers of Dadri in Ghaziabad district, where Anil Ambani-controlled Anil Dhirubhai Ambani Group (ADAG) has proposed a gas- based power plant, today urged the Uttar Pradesh government to grant more time for returning the land acquisition compensation paid by the company.
Small Business

HCL Tech Dec qtr net dips 36% to Rs 255 cr

The country"s third largest software company, HCL Technologies, today reported a 35.92 per cent decline in net profit at Rs 255 crore in the October-December quarter. - M&M Q3 net at Rs 413 cr on healthy sales - LIC Housing Fin Q3 net up 14% to Rs 154 cr - India Cements Q3 net dips 44% to Rs 35 cr - Zydus Wellness Q3 net up 105% to Rs 14 cr - Camlin Fine Chem Q3 net up 23% at Rs 3.15 cr - First day, first show As per the Indian accounting standards, total income declined to Rs 1,259.20 crore in the quarter ended December 31, from Rs 1,430.4 crore in the same period previous fiscal, HCL Tech said in a filing to the Bombay Stock Exchange. During the quarter under review, the company increased the headcount to 55,688. Net additions of 1,691 persons was in IT Services, it said. The board of the company has proposed an interim dividend of Rs one per equity share of Rs 2 each of the company. As per the US accounting standards, HCL Tech"s consolidated net income declined by 16.94 per cent to $63.8 million (Rs 294 crore) in October-December from $76.6 million (Rs 354 crore) in the same period last fiscal. Revenues of the company increased to $651.7 million for the quarter ended December, compared to $507 million in the same quarter last year. Shares of HCL Technologies were trading at Rs 363.75 on BSE, down by 5 per cent from its previous close.


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