Financial Daily from THE HINDU group of publications
Thursday, March 28, 2002
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TELECOMMUNICATIONS


Meeting village telephony norms `difficult'
IT appears that private basic operators will be in no position, financially or technically, to fulfil their village connectivity obligation norms by June 30. This is the date given by the Union Minister for Telecommunications, Mr Pramod ... More

DoT issues guidelines on universal service obligations
THE Department of Telecommunications (DoT) has announced the creation of a Universal Service Fund (USF) starting April 1, 2002, to extend support to the basic and cellular service providers for meeting their universal service obligations ... More

Fresh funds infusion -- Hutchison, Hughes may have to shed management control
THE Department of Telecommunications (DoT) proposes to allow telecom majors Hutchison and Hughes Network Systems (HNS) to pump fresh equity into their telecom ventures, with the rider that they will have to relinquish management ... More

CAG finds lapses in BSNL accounts
THE first annual audited accounts statement of Bharat Sanchar Nigam Ltd, which was corporatised in October 2000, has run into trouble, with the Comptroller and Auditor-General of India (CAG) finding serious lapses. According to informed ... More

BPL Mobile reduces tariffs for mots-Roamfree
BPL Mobile has launched the new mots-Roamfree with more features by adding more networks and reduced tariffs. Now mots-Roamfree could be used in Chennai, Karnataka and Andhra Pradesh in addition to Mumbai, Maharashtra, Goa, Tamil Nadu and ... More

Zip phones evolve as new ad medium
ZIP Telecom Ltd, the payphone service company, has evolved and packaged a new medium of advertising on its payphones that advertisers can use as a relatively low-cost option compared to other media. Apart from the franchising of its payphones, ... More

POLICY


Govt to promote Hubli as IT destination
The concessions announced in the State IT policy will be applicable and extended to companies setting up operations at Hubli IT park. More

HARDWARE


Shareholders okay MosChip pref offer
HYDERABAD: The shareholders of MosChip Semiconductor Technology Ltd, have approved the preferential issue of equity shares and warrants at the company EGM held on Wednesday. The shares/warrants will be issued to ESS Technology Inc, ... More

SOFTWARE


VisualSoft solution integrated into Oracle developer
VISUALSOFT Technologies Ltd has announced the integration of VisualSoft JBPro into Oracle 9i JDeveloper, which offers Java and XML developers functionally rich, ready-to-use components for building project management and collaborative workspace ... More

Vantel to merge two subsidiaries
HYDERABAD: In an important development, Vantel Technologies Ltd, the Hyderabad-based software products and services company, has decided to merge two of its subsidiaries Vantel Networks and Clex Electronics into the parent company. A ... More

MERGERS & ACQUISITIONS


NIIT acquires Osprey Systems for $3 million
NIIT has said it has acquired the US-based Osprey Systems for $ 3 million (about Rs 14.40 crore) in an all-cash deal which `would generate revenues worth $35 million over the next three years'. Osprey Systems is a privately held company engaged ... More

BROADBAND


Tata Tele ready to launch broadband services
TATA Teleservices, the private basic telecom services provider in Andhra Pradesh set to roll out its services in other circles by June this year, is gearing up launch its DSL (digital subscriber line) broadband services and data centric solutions ... More

Laying of cyber road
The Kerala Government's ambitious IT plans include a PC penetration of 100 per 1,000 population as well as IT kiosks in every panchayat. Laying of the optical fibre cables on MG Road in Kochi signals the quick progress of the Rs 700-crore ... More

OUTLOOK


Sun Micro sees India as billion-dollar bet
SUN Microsystems has said it is expecting business worth $ 1 billion from India in the next 5-7 years as the country's prospects in areas such as telecom and financial services look up. ``India is a billion dollar bet for us along with ... More

TRENDS


No more `touch tone hell'
PLEASE Dial 1 to check account balance, 2 for credit card payments, 3 for deposits, 4 for drafts and 5 for transfer of funds ......... Sounds familiar? Well, you have just reached the telephone number of a foreign or private sector bank using ... More

NEW PRODUCTS & SERVICES


Voice solutions from Cisco
NEW DELHI: Networking equipment major, Cisco Systems, has announced the availability of a range of voice solutions that `will enable telecom service providers in India to take advantage of the deregulation of the telecom ... More
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No more `touch tone hell'

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