The Hindu Business Line : Friday, February 21, 2003

Huawei Tech buy-back stalled — No policy as yet on Chinese investments, says FIPB
THE China-based Huawei Tech Investment, the holding company of Bangalore-based Huawei Technologies, has run into problems over its plan to buy back shares from another Indian subsidiary. The Foreign Investment Promotion Board (FIPB) recently ... More

OUTSOURCING

Canon India to outsource more software work
DIGITAL imaging products company Canon plans to double headcount at its in-house software development centre in India over the next two years. The company also planned to outsource more software development work to Indian vendors, said Mr Alok ... More

TELECOMMUNICATIONS

BSNL cellular base crosses 14.4 lakh
"CellOne subscribers for all connections on the post-paid (under Plan 325) and pre-paid connections need no longer pay airtime charges on incoming calls" More

Too early for BSNL, MTNL sell-off: DoT
WITH Mr Arun Shourie at the helm of affairs in both the Ministries of Disinvestment and Communications, if you thought that telecom PSUs Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (MTNL) would be up for sale in a hurry, ... More

HARDWARE

Tax sops for hardware sector likely — Dept pleads for zero duty on capital goods, raw materials
THE forthcoming Union Budget may have something for the computer hardware industry to cheer about, if the Department of Information Technology's proposals were to find favour with the Finance Ministry. The Department has sought zero duty on ... More

ALLIANCES & JOINT VENTURES

Satyam ties up with Texas Instruments
SATYAM Computer Services Ltd has announced that it has entered into a strategic alliance with semiconductor major Texas Instruments, wherein the former will provide consulting services for DSP (digital signal processing) customers. This ... More

OFF-SHORE DEVELOPMENT

Exult sets up India arm
Exult selected India based on its highly skilled workforce, opportunities for daytime "off peak'' processing, and quality telecommunications infrastructure. More

E-COMMERCE & E-BUSINESS

Hindalco to deploy Oracle application
ORACLE India, a subsidiary of Oracle Corporation, has announced that Hindalco, the largest integrated aluminium producer , is implementing select applications of the Oracle e-business suite to expand its e-business capabilities. The Oracle ... More

IT-ENABLED SERVICES

Casio plans call centre in India
TO capitalise on the abundant human resource talent available in India, Casio India Co Ltd, a 100 per cent subsidiary of Casio, Japan, is setting up a call centre here to provide customer support for its US and Spanish markets. "The company has ... More

TRENDS

Marginal dip in public holding in IT stocks
INFORMATION technology stocks seem to have become marginally less attractive to retail investors during December 2002 as compared to December 2001. An analysis of the shareholding pattern of the top 15 Indian IT firms (in terms of turnover) ... More

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