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Monday, November 9, 2009

Sonata wins Dredging Corporation contract

Sonata Information Technology (Sonata), a 100 per cent subsidiary of Sonata Software, has been awarded a project by public sector firm Dredging Corporation of India (DCI) to provide enterprise solution implementation services for its corporate office in Visakhapatnam and dredging project sites, according ot a company release on Monday.

The solution will be based on Dynamics AX 2009, an ERP platform from Microsoft. In the first phase of the engagement, Sonata will implement solutions for DCIL’s financial and material management functions. Subsequently, the scope will be expanded to include other business functions as well.

P V S N Raju, Head – Enterprise Solutions & Microsoft CoE, Sonata, said that the ERP implementation would improve DCI’s business processes, reduce cycle time for requests and optimise inventory.

Bangalore-based Sonata will deliver the solutions in line with DCI’s requirements to facilitate its dredging and allied services in India and abroad.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
07:00 National Australia Bank's Business Confidence 1 -3 -2 Revised from -1
15:30 NFIB Business Optimism Index 1 97.4 101.3 100.7
18:25 Redbook Index (YoY) 1 7.2% 4.8%
19:30 Ivey Purchasing Managers Index s.a 2 51.3 53.2 55.3
19:30 Ivey Purchasing Managers Index 2 55.6 53.6
21:30 BoE's Lombardelli speech 2
22:30 3-Year Note Auction 1 3.908%
23:30 Fed's Daly speech 2
Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 6.037M
07:30 RBNZ Interest Rate Decision 3 3.50% 3.75%
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