Virtusa announces Third Quarter Fiscal 2016 Consolidated Financial Results
Third quarter fiscal 2016 revenue of $150.6 million increased 5% sequentially and 22% year-over-year. Third quarter fiscal 2016 diluted EPS on a GAAP basis was $0.38, compared to $0.40 in the year ago...
View ArticleMore women executives mean more profits: study
Companies with 30 per cent female executives rake in as much as six percentage points more in profits, according to a study, feeding into a global debate over the scarcity of women in decision-making...
View ArticleIndia’s IT services sector takes a hit from doubled work visa fees
Congress recently approved an increase on the fee for certain H1-B and L-I visas. Here’s how that could affect India’s IT services sector. India’s already-squeezed IT services sector is likely to take...
View ArticleSriLankan Airlines and Dialog Axiata join hands to offer customers FlySmiLes...
The winners of the recently concluded joint competition for SriLankan Airlines FlySmiLes and Dialog Star Points members, was announced at a function at the Dialog Iconic Store premises. The competition...
View ArticleCSE issues RFI for setting up a Central Counter Party
Marking a significant step in its bid to establish a Central Counter Party (CCP), the CSE issued a Request for Information (RFI) inviting potential suppliers to present information with relation to the...
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LUSH appoints Ms. Sri Lanka 2014, Chulakshi Ranathunga as Brand Ambassador
LUSH, one of the country’s most recognized Skin Clinique’s attributing a state-of-the-art approach appointed Ms. Sri Lanka 2014 Chulakshi Ranathunga as their Brand Ambassador. Setting in line the...
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‘Playtime’ is family time at The Sandwich Factory’s new location
Amusing young children can be tough work. For parents who’ve been mulling over how to get in quality time with the family while out – The Sandwich Factory announces the first ever ‘Playtime’ on 17...
View ArticleAxiata, Airtel in talks to merge Sri Lankan units
Malaysia’s Axiata Group and India’s Bharti Airtel are discussing merging their operations in Sri Lanka to create a company serving half the country’s 25 million mobile connections. Dialog Axiata, the...
View ArticleHayleys Posts Rs. 1.5 Billion in Q3 Profits
Hayleys PLC posted Rs. 1.5 billion in Profit before Tax (PBT) for the quarter. PBT for the nine months ending December 2015 was at Rs. 4.2 billion, whilst turnover reached Rs. 67.6 billion. The...
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Commercial Bank opens landmark 250th branch in Sri Lanka
Makes statement for technology-enabled Green Banking with sophisticated outlet at Orion City The Commercial Bank’s chequered history of service to the people of Sri Lanka reached another milestone this...
View ArticleOil prices crash below $27 a barrel
U.S. crude futures dropped as much as 5% on Thursday, driving prices below $27 for the second time in recent weeks. It settled at $26.21, the lowest point since 2003. The steady decline is creating a...
View ArticleEmirates Increases Service to Los Angeles with Launch of Second Daily Flight
Emirates has announced that it plans to launch a second daily service from Dubai International Airport (DXB) to Los Angeles International Airport (LAX) on Friday 1st July 2016. The second Los Angeles...
View ArticleLaugfs Group acquires hydropower project
Laugfs Power Limited, a subsidiary of Laugfs Gas PLC, has acquired the total issued shares of Pams Power (Private) Limited for a consideration of Rs. 200 million. Pams Power (Private) Limited holds all...
View ArticleSri Lankan stocks end lower on global woes, rising rates
Sri Lankan shares edged down for the fifth straight session on Friday to close at a more than three-week low, in line with weaker regional peers, as investors stayed off risky assets on concerns over...
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Scarcity of multi-tenanted Grade A office buildings in Colombo
Ms. Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka In office real estate, vacancy levels in prime commercial areas play a vital role in deciding who shall have the better bargaining power...
View ArticleMTI’s ‘Idea2fund’ start-ups to get Office Space from Regus
Regus, the largest global workspace solutions provider partnered with MTI Consulting as a ‘workspace partner’ to provide workplace solutions for MTI’s ‘idea2fund’ project initiative. The concept behind...
View ArticleTory donor firm Lycamobile is late again in filing accounts
Lycamobile, the telecoms firm that is a major donor to the Conservative Party, has narrowly missed being struck off the register of UK firms after failing to file accounts on time. The UK arm of the...
View ArticleExpolanka posts a PBT of Rs 563 million for the third quarter of the...
Expolanka recorded a profit before tax (PBT) of Rs 563 million for the third quarter of the financial year posting an overall profit growth of 14% in comparison to the corresponding period of the...
View ArticleSriLankan Airlines completes induction of the new A330 fleet and realigns...
This year promises to be an interesting one for world aviation. Fuel prices are near historic lows and global demand remains strong. SriLankan Airlines, similar to international carriers world over,...
View ArticleInnovative Cladding Solutions From Wallspan
Wallspan has proved to be a competitive force in shaping the building façade industry since its inception, by introducing a range of innovative, high quality, and sustainable cladding solutions to the...
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