Information Technology
DST setting up tech business incubators
THE Department of Science and Technology (DST) is in the process of selecting two technology business incubators (TBI).

PSI Data's Q1 net, turnover up
PSI Data Systems, a subsidiary of Groupe Bull of France, has registered a rise of 122 per cent in net profits and 67 per cent in revenues for the first-quarter ended March, 2000.

IPFonline close to clinching bank deal
THE Chennai-based IPFonline.com is talking to some banks to put through a system for effecting online payments. ``We are very close to signing up with the banks,'' Mr. L. Subramanyan, Chief Executive, IPFonline Ltd, told Business Line . He said the ``pay ment system'' would be in place in about four weeks.

Compaq set to assemble iPAQ desktops in India
COMPAQ is planning to start assembling the recently unveiled iPAQ desktops at its manufacturing facility in India.

Bhagya Soft plans overseas buys
BHAGYA Soft, part of the Hyderabad-based Bhagyanagar Wood Plast Ltd (BWPL), is planning to buy a US-based IT company.

Shonkh Tech unveils ESOP
SHONKH Technologies Ltd has decided to go in for an employee stock option scheme, covering over 450 employees of the company. The scheme has been finalised by PricewaterhouseCoopers, Shonkh said in a press release here.

DSQ EGM approves pref allotment
DSQ Software Ltd plans to earmark Rs. 250 crores for the acquisition of software companies in India or abroad, mostly through stock-swap deals, and has received the approval of its shareholders on Friday to place up to 25 lakh equity shares on a preferen tial basis.

IT briefs
HYDERABAD: SQL Star International Ltd has entered into a memorandum of understanding with Telstra Vishesh Communications Ltd to focus on common business interests in the areas of telecommunications, information technology and IT-enabled services.

Mantra Online ties up with Unimobile.com
INTERNET service provider (ISP), Mantra Online, has tied up with Unimobile.com Inc to offer mobile Internet services using the latter's Internet mobile product, Unimobile, a free desktop tool.

IT briefs
HYDERABAD: SQL Star International Ltd has entered into a memorandum of understanding with Telstra Vishesh Communications Ltd to focus on common business interests in the areas of telecommunications, information technology and IT-enabl ed services.

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