The Hindu Business Line : Thursday, September 05, 2002

BPO market is smaller than projected: Gartner
THERE has been a lot of hype in the Business Process Outsourcing (BPO) sector but very little has been written about the actual `offshore' potential, according to a recent Gartner report — IT Trends India 2002. Deflating the `hype' ... More

ICICI OneSource eyeing acquisitions in US — To hire 500 more by October-end
ICICI OneSource, the Business Process Outsourcing (BPO) company in the ICICI group, is keen on acquisitions in the US. Also, in keeping with its aggressive hiring strategy, the company will add another 500 personnel to its current 1,300 strong ... More

TELECOMMUNICATIONS

VSNL scrip touches a new low on BSE
THE share price of Videsh Sanchar Nigam Ltd today touched a new low, at Rs 107.15 on the Bombay Stock Exchange before closing at Rs 113.15 per share. The scrip's 52-week low is Rs 111. Reports indicating a possible merger of the public sector ... More

VSNL in global submarine cable project — 12-nation consortium signs MoU
VIDESH Sanchar Nigam Ltd (VSNL) has signed a memorandum of understanding (MoU) for participation in yet another international submarine cable project, this time linking South East Asia, the Middle East and Western Europe (SEA-ME-WE4), said a news ... More

Touchtel arrives in Coimbatore
BHARTI Telenet Ltd (BTL), belonging to Bharti Enterprises, is investing about Rs 200 crore in the current fiscal in Tamil Nadu in providing basic telephone service. BTL, which launched its fixed line telephone service in Chennai, known by the ... More

SOFTWARE

Avantel products for defence, space
AVANTEL Softech Ltd (ASL), the Hyderabad-based software products company specialising in the areas of microwave, telecommunications and satellite communications, has exercised a major shift in its business focus from low-margin and high-volume ... More

Kerala signs MoU with Chinese software park
A VISITING Kerala IT delegation in China led by the Industries and IT Minister, Mr P.K. Kunhalikkutty, has signed a memorandum of understanding (MoU) with the Shanghai Pudong Software Park for promoting collaborative ventures. Announcing this, ... More

i-flex solution for US State
BANGALORE: i-flex Solutions Inc, the US subsidiary of i-flex solutions Ltd, a provider of integrated IT solutions for the financial services industry, has announced that North Carolina Department of State Treasurer (NCDST), USA has ... More

INTERNET

Romancing the word
MONDEGREEN. It is a noun, which means a series of words that result from the mishearing or misinterpretation of a statement or song lyric. For example, "I led the pigeons to the flag," for "I pledge allegiance to the flag." It was picked as the ... More

Shaadionline eyes Rs 5-cr revenue
WEDDINGS in India will never go out of style. Shaadionline, claimedly the country's first professional wedding planning and services company, is banking on this, and is therefore projecting revenue of Rs 5 crore in March 2003, its second year of ... More

IT TRAINING

ECIT bags computer education award
ECIT, the computer education division of the public sector, Electronics Corporation of India Ltd (ECIL) has been given the computer literacy excellence award for 2002 for its efforts in Shimla schools. The awards for quality IT education ... More

MERGERS & ACQUISITIONS

NIIT acquires US company
COMPUTER education and software company NIIT, said it has acquired the US-based, privately held Data Executives International (DEI) for an undisclosed sum. DEI is engaged in providing solutions in the insurance and finance sectors. "The ... More

ALLIANCES & JOINT VENTURES

Satyam, ETI sign up for data integration services
SATYAM Computer Services Ltd and the US-based Evolutionary Technologies International (ETI) Inc, have entered into a strategic alliance to help enterprises increase productivity and reduce risk in complex data integration projects. With this ... More

Srishti in alliance with PSI
BANGALORE: The Bangalore-based Srishti Software has announced an alliance with PSI Data Systems, an AV Birla Group company for marketing and business development. PSI will act as a reseller for Srishti's products, solutions and ... More

OFF-SHORE DEVELOPMENT

Wipro Canada development centre
BANGALORE: Wipro Technologies has announced the opening of a development centre at Windsor, Canada, enhancing its global delivery capabilities. The development centre in Windsor provides Wipro's clients in North America a near-shore ... More

OUTLOOK

Tata Elxsi eyeing Rs 450-cr revenue — Unveils new identity
TATA Elxsi Ltd, the technical computing arm of Tata Group, expects a three-fold rise in its revenues to Rs 450 crore by 2004-05, even as it aims to emerge as a leading design organisation. The company has unveiled its new corporate positioning ... More

NEW PRODUCTS & SERVICES

Way2Wealth plans foray into insurance broking
WAY2WEALTH Securities, the Bangalore-based multi-locational investment-consulting firm, has chalked out an aggressive growth plan to expand its network and enter new businesses of insurance broking and Internet broking. Announcing this at a ... More

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