The Hindu Business Line : Saturday, June 01, 2002

Mahajan warns VSNL of tough legal action
THE Union Communications Minister, Mr. Pramod Mahajan, has asked Videsh Sanchar Nigam Ltd. (VSNL) to revoke its decision to invest Rs 1,200 crore in Tata Teleservices Ltd., failing which he would resort to "every legal measure'' possible to block ... More

Investment over 48 months: Tatas
The Tatas on Friday clarified that the investment of up to Rs 1,200 crore by VSNL in Tata Teleservices "is to be made over a 48-month period (and not immediately), under the supervision of a board committee to which the goverment nominee, Mr. ... More

Centre-VSNL face-off: More questions & case laws
THE full facts of the case involving the VSNL board's decision to invest up to Rs 1,200 crore in Tata Teleservices Ltd may be known only if the confrontation between the Union Government and VSNL assumes a legal shape before the Company Law ... More

Not informed of agenda in time, says other Govt nominee in VSNL
EVEN as the tension between the Union Communications Minister, Mr. Pramod Mahajan, and the Tata Group over the Rs 1,200-crore investment in Tata Teleservices Ltd. entered the third day, the second Government nominee on the VSNL Board, Mr. ... More

Net4India receives LI for ILD
NEW DELHI: Net4India Ltd has received the letter of intent (LI) from the Department of Telecommunications to offer international long-distance services. The company had applied for a licence in March this ... More

HARDWARE

Maxtor eyes new storage markets -- Potential `untapped'
MAXTOR Corporation, a major player in hard disk drives and storage solutions, has drawn up plans to expand its market reach in the subcontinent, increase its channel partners and tap newer markets with its range of storage devices. The Head, ... More

SOFTWARE

i-flex IPO to open on June 5 at Rs 530
THE much-awaited initial public offer (IPO) of i-flex Solutions will be finally hitting the primary market on June 5. The IPO is being made through the 100 per cent book-building process at a floor price of Rs 530 per share for Rs 5 face value ... More

Datanet to offer cheaper ASP model for bank automation
Datanet Systems Ltd, a transaction automation products company, is set to offer its corebanking and anytime banking solutions on an ASP platform through its services arm, Datanet eCommerce Services Ltd. More

Legato eyeing SMEs
BANGALORE: Legato Systems India, the storage management software company, is now targeting small and medium enterprises (SMEs) in India. So far the company has been present mainly in the global enterprise space. Legato plans to offer ... More

Subex plans Rs 20-cr rights issue
BANGALORE: Telecom products company Subex Systems plans to fund its expanding, marketing and sales initiatives through a Rs 20-crore rights issue, the Managing Director, Mr Subash Menon, has said. ``We need that money for our sales ... More

NEW PROJECTS

Sasken opens innovation centre
BANGALORE: Sasken has inaugurated an innovation centre to drive the development of new products ranging from hardware for Internet access to 3G software solutions. The centre will be the hub of Sasken's Internet access business unit, ... More

ALLIANCES & JOINT VENTURES

Satyam, Healthaxis team up for deal with Washington agency
SATYAM Computer Services Ltd and the Nasdaq-listed Healthaxis, a leading provider of Web-based connectivity solutions to the health insurance market, have signed up for a `multi-million dollar' contract to provide a new membership management ... More

PIRACY

Rich haul at piracy raids by Nasscom
IN one of the largest piracy raids in the country, the Delhi Police, in association with the National Association of Software and Services Companies (Nasscom), seized pirated software worth Rs 15 crore from five dealers here. The raid was ... More

Pirated software seized
BANGALORE: The Bangalore police recently raided a city-based firm, Bionics Informatics Pvt Ltd, for alleged storage and usage of 15 copies of Adobe Systems in violation of The Copyright Act, 1957. Bionics Informatics specialises in ... More

NEW PRODUCTS & SERVICES

Aircon unveils latest version of tools
BANGALORE: Aircom HPS Wireless Services (AHWS) has released the latest version of its suite of network planning and optimisation tools. The new version includes a range of features which makes the company's enterprise suite more ... More

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