The Hindu Business Line : Friday, March 08, 2002

VSNL scouting for foreign ILD partners
INCUMBENT international long-distance operator (ILD) Videsh Sanchar Nigam Ltd (VSNL), now under the wings of the Tata group, has swung into action by aggressively scouting for new partnerships with foreign carriers, to ward off the threat from ... More

SOFTWARE

`Tax on software export income to net Rs 200 cr'
THE Finance Minister, Mr Yashwant Sinha's move to tax 10 per cent export income of units in STPI/EOU/SEZs during 2002-03 will fetch the Government only around Rs 200 crore from software companies, the National Association of Software and Services ... More

Magnasoft upbeat on growth
SOFTWARE services start-up Magnasoft Consulting India Pvt Ltd plans to grow at 100 per cent year-on-year through new applications across various devices and platforms, the Chairman and Chief Executive Officer, Mr Abhishek Mukherjee, has said. ... More

MERGERS & ACQUISITIONS

Mindteck in talks with Phoenix for possible merger
TAIB Bank-owned Mindteck is in talks with Phoenix Global Solutions (I) Pvt Ltd for a possible merger, Phoenix sources said. ``There are several buy-out proposals on our table but no deal is close enough to be sealed in near future,'' ... More

ALLIANCES & JOINT VENTURES

Sun Micro, MindTree to develop solutions jointly
SUN Microsystems and MindTree Consulting have announced that they would be collaborating on developing and implementing solutions based on the Sun Open Network Environment (Sun ONE). . MindTree is setting up a SunONE Competency Centre, in a bid ... More

HCL Tech alliance with ZAMBA
NEW DELHI: HCL Technologies Ltd has said it has invested $1 million in the US-based ZAMBA Solutions, a CRM consulting and systems integration company, as part of a strategic alliance to offer joint CRM solutions to Global 2000 ... More

Poet, VSM Soft sign MoU
BANGALORE: An engineering company specialising in power sector issues and a software company have signed a memorandum of understanding (MoU) to provide software solutions in power systems jointly. Poet Consultants (P) Ltd, the ... More

E-COMMERCE & E-BUSINESS

Online exchange for chemical waste
BANGALORE: ChemNest India, an online exchange for chemical waste from the domestic industry, is being launched in Bangalore on Friday. The interface will be the first of its kind in India for any kind of industrial waste, according ... More

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