UPDATE 1-India's i-flex Q1 net up, but firm rupee weighs

(Reuters) - BANGALORE, July 30 - India's i-flex solutions
ltd. said on Monday its April-June net profit rose
4.6 percent, as the banking software maker gained from rising
orders, but a strong rupee was a concern.
The company, majority owned by U.S. business software firm
Oracle Corp. , was winning large deals from banks
looking to cut costs, Chief Financial Officer Makarand Padalkar
said.




"The business momentum is very, very strong, both on our
strength and Oracle's. There are number of large engagements
which are in progress," Padalkar told Reuters in a telephone
interview from the company's Mumbai headquarters.


Read more at Reuters.com Market News

UPDATE 1-Larry Ellison's NetSuite files for $75 mln IPO

(Reuters) - BOSTON, July 2 - NetSuite Inc., billionaire Larry
Ellison's software company that sells computer programs accessed
over the Web, filed on Monday to raise up to $75 million in an
initial public offering.




Ellison, the founder and chief executive of Oracle Corp.
, controls 74 percent of NetSuite common stock, according
to the company's S-1 filing with the U.S. Securities and Exchange
Commission.


Read more at Reuters.com Bonds News