Nepal’s Social Development Bank goes live with core banking software
December 9th, 2011 - 1:06 am ICT by IANS
Chennai, Dec 8 (IANS) Nepal based Social Development Bank, a national level development bank, Thursday went live with the core banking solution Intellect vended by city based Polaris Financial Technology ... Read more...
Posted in Business |
Polaris Software eyes $100 mn revenue by 2016
August 2nd, 2011 - 7:12 pm ICT by IANS
Chennai, Aug 2 (IANS) Financial technology company Polaris Software Lab Ltd. hopes to earn $100 million in five years by offering its core banking solution (CBS) and other software on ... Read more...
Posted in Business |
Polaris launches new liquidity monitoring solution for banks
May 31st, 2011 - 8:04 pm ICT by IANS
Chennai, May 31 (IANS) Chennai-based financial technology major Polaris Software Lab Ltd Tuesday launched a new solution - Intellect Liquidity Risk Management - that enables banks and financial institutions to ... Read more...
Posted in Business |
Polaris Software proposes 90 percent dividend payout
April 28th, 2011 - 8:40 pm ICT by IANS
Chennai, April 28 (IANS) Banking, financial services and insurance (BFSI) software development and services firm Polaris Software Lab Ltd's board Thursday recommended a dividend of Rs.4.50 per share (90 percent) ... Read more...
Posted in Business |
Polaris Software acquires US firm for $20 mn
April 27th, 2011 - 9:56 pm ICT by IANS
Chennai, April 27 (IANS) City-based banking, financial services and insurance software developer Polaris Software Lab Ltd. Wednesday announced the acquisition of an 85.3 percent stake in the US-based IdenTrust Inc ... Read more...
Posted in Uncategorized |
Canadian envoy in Chennai to strengthening trade with Tamil Nadu
May 12th, 2010 - 1:08 pm ICT by ANI
New Delhi, May 12 (ANI): Canada's High Commissioner Joseph Caron is visiting Chennai from May 12 to 15 to further strengthen Canada's trade relationship with Tamil Nadu.Caron will meet officials of ... Read more...
Posted in National |
Polaris picks up 51 percent stake in Indigo TX
March 26th, 2010 - 5:21 pm ICT by IANS
Chennai, March 26 (IANS) City-based Polaris Software Lab has acquired 51 percent stake in financial and back office services company Indigo TX Software for an undisclosed sum.
"We found Indigo's brokerage software product ... Read more...
Posted in Business |
Laser Soft to expand international presence
March 3rd, 2010 - 5:11 pm ICT by IANS
Chennai, March 3 (IANS) Banking software company Laser Soft Infosystems plans to increase its headcount and expand its international presence next fiscal.
"The business is good. We will be adding around 100 ... Read more...
Posted in Business |
Wipro tops list of H-1B visa professionals in 2009
January 6th, 2010 - 11:58 am ICT by IANS
By Arun Kumar
Washington, Jan 6 (IANS) With 1,964 H-1B visas in 2009, Indian IT major Wipro has topped the list of firms that got the coveted US visas for highly skilled ... Read more...
Posted in Business |
Polaris to acquire Laser Soft for Rs.52 crore
October 15th, 2009 - 8:03 pm ICT by IANS
Chennai, Oct 15 (IANS) City-based banking, financial services and insurance (BFSI) company Polaris Software Lab Thursday said it will acquire competitor Laser Soft Infosystems for Rs.52 crore.
"The acquisition will enable us ... Read more...
Posted in Business |
Polaris to set up centre for insurance solutions
April 14th, 2009 - 7:26 pm ICT by IANS
Chennai, April 14 (IANS) City-based banking, financial services and insurance software company Polaris Software Lab Ltd will invest $20 million to set up a centre for excellence for insurance near Chennai, a ... Read more...
Posted in Business |
Corporate bounty for children’s welfare gets bigger
February 3rd, 2009 - 12:06 pm ICT by IANS
New Delhi, Feb 3 (IANS) When the reputed NGO CRY raised a whopping Rs.30 lakhs/Rs.3 million from 12 companies for underprivileged children, it highlighted that the slice of the corporate philanthropy pie ... Read more...
Posted in Uncategorized |
Polaris to double revenue from insurance vertical (Lead)
January 20th, 2009 - 8:14 pm ICT by IANS
Chennai, Jan 20 (IANS) The city-based banking software major Polaris Software Lab hopes to double its revenue to $40 million next year from insurance vertical following the acquisition of US-based insurance product ... Read more...
Posted in Uncategorized |
Polaris Software to invest Rs.350 mn for expansion
December 21st, 2008 - 1:07 pm ICT by IANS
Chennai, Dec 21 (IANS) At a time when the domestic software sector is going slow on hiring of personnel and expansion, the city-based Rs.11-billion Polaris Software Lab is taking a contrarian path.The ... Read more...
Posted in Uncategorized |
Citi may find it difficult to get buyers for its Polaris stake
November 22nd, 2008 - 5:42 pm ICT by IANS
Chennai, Nov 22 (IANS) US banking giant Citigroup, which was reportedly in talks with some potential buyers to offload its stake in Polaris Software Lab Ltd, is facing several challenges to the ... Read more...
Posted in Uncategorized |
‘Citigroup cannot dilute its stake in Polaris Software’
November 20th, 2008 - 9:28 pm ICT by IANS
Chennai, Nov 20 (IANS) Banking software major Polaris Software Lab Ltd Thursday said Citigroup, which has 43 percent stake in the IT company, cannot sell its holdings unilaterally.Reacting to reports that Citi ... Read more...
Posted in Sci-Tech |
Polaris Software to enter real estate business
July 17th, 2008 - 8:18 pm ICT by IANS
Chennai, July 17 (IANS) Banking software company Polaris Software Lab Ltd has decided to get into the real estate business, subject to regulatory approvals. A decision to this effect was taken by ... Read more...
Posted in Sci-Tech |
India’s Polaris, Australian varsity sign deal on skill creation
April 29th, 2008 - 12:48 pm ICT by admin
By Neena Bhandari
Sydney, April 29 (IANS) A leading Indian software company, Polaris Software Pty Ltd., and the University of Western Sydney (UWS) Tuesday signed a memorandum of understanding (MoU) on skill creation ... Read more...
Posted in Business |
Polaris Software targets six new markets
February 18th, 2008 - 10:24 am ICT by admin
Chennai, Feb 18 (IANS) The Chennai based Rs.10 billion revenue Polaris Software Lab Limited has decided to enter six new markets soon with its Intellect suite of banking software products. The markets ... Read more...
Posted in Business |