The Hindu Business Line : Thursday, July 04, 2002

neoIT offers to manage outsourcing
NEOIT, an IT outsourcing advisory, plans to diversify into offering managed outsourced services. The company, which sees a major potential in IT services being outsourced to India, expects a 200 per cent rise in the value of projects it ... More

TELECOMMUNICATIONS

Bharti Cellular launches services in TN circle
Mr Sunil Bharti Mittal, Chairman and Group Managing Director, Bharti, said that the airtime rates for cellular phone users have bottomed out and any further cut would hurt the mobile phone service providers in the State. More

Idea Cellular-BPL merger in a limbo
The MoU had certainly expired, sources admitted, but extending its validity was only a technical issue and a matter of time. More

STOCKS

SSI moves up on hive-off talk
THE stock of the Chennai-based SSI Ltd has been in the positive territory for over a month on the back of reports of the company hiving off its training and software segments into two separate entities. Once hived off, the company is likely to ... More

FII interest lifts tech stocks
INFOTECH counters were buzzing today on the back of increased buying by foreign institutional investors (FIIs) despite weak global markets and uncertainty following the WorldCom fiascolast week. The uptrend assumes further significance as it ... More

RBI nod for 100% FII buy in Infosys
MUMBAI: Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of Infosys Technologies Ltd up to 100 per cent of its paid-up capital, according to a RBI release on Wednesday. Earlier the limit was ... More

HARDWARE

PC makers to focus on local language
To grow this nascent demand, local language solutions are to be developed since English language is used by barely five per cent of India's population. More

SOFTWARE

Software exports to US up 32 pc
DESPITE the economic slowdown forcing American companies to drastically cut technology spending, software exports from India to the US rose by a healthy 32 per cent in 2001-02 to $4.91 billion, according to official data. Total software exports ... More

Intelligroup bags order from Saudi firm
INTELLIGROUP Asia, has announced that it has bagged a major Oracle 11i implementation contract from the National Agricultural Development Company (NADEC) based in Saudi Arabia. NADEC an agricultural and dairy company promoted by the Saudi ... More

Sasken converts Japanese arm into branch office
SASKEN Communication Technologies Ltd, the Bangalore-based telecom products and software maker has liquidated its wholly-owned Japanese subsidiary, Silicon Automation Systems Kabushiki Kaisha. It has converted its Japanese outfit into a branch ... More

Vismaya bags Fabmart as client
BANGALORE: Vismaya Technologies implemented its 360 degree integrated CRM suite, SpelBind, at Fabmart's Web-based contact centre. SpelBind Remote CRM solution provides a high level of customer support and services for Fabmart ... More

IT TRAINING

Linux in municipal schools soon
COIMBATORE: Red Hat India is planning to promote Linux courseware through the Government in municipal schools across the country. As part of this initiative, the company proposes to provide free open source software and impart ... More

ALLIANCES & JOINT VENTURES

Mascot enters China; signs pact with Haihui
The partnership with Haihui, which has a strong business presence in Japan, provides Mascot with established infrastructure in China. More

Escotel in pact with Yahoo!

OFF-SHORE DEVELOPMENT

Mindteck sets up shop in Bahrain
BANGALORE: Mindteck announced the establishment of its group company, Mindteck Middle-East, in Bahrain. The move is aimed at large and medium-sized manufacturing companies in West Asian countries including Bahrain, Qatar, Oman, Saudi ... More

STANDARDS & BENCHMARKS

Intergraph assessed to SEI CMM level 5
HYDERABAD: Intergraph Consulting, an engineering software solutions subsidiary of Intergraph Corporation, has announced that it has been assessed to Level 5 of the Capability Maturity Model (CMM) of the Software Engineering Institute for ... More

OUTLOOK

`Enlarge domestic market for IT products, services'
EVEN as India's potential as a global software and IT-enabled services (ITES) provider remains to be exploited to the full, it would augur well for the Government and the IT industry to create the required infrastructure and facilitate the ... More

NEW PRODUCTS & SERVICES

Macromedia launches new range of products in India
MACROMEDIA Inc, the Web software development company, today announced the launch of its new integrated product range in client, tool and server technologies in India. On the product suite front, the range includes Macromedia Studio MX which is ... More

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