The Hindu Business Line : Friday, March 07, 2003

Phaneesh shrugs off NJ Bill
MR Phaneesh Murthy, co-founder of Primentor Inc and former worldwide sales head of Infosys Technologies, has termed the New Jersey Bill to bar outsourcing of business process outsourcing operations from State enterprises to countries ... More

Mastek begins BPO operations

TELECOMMUNICATIONS

AirTel unveils new messaging service in Kerala
AIRTEL has unveiled general package radio services (GPRS) network for the first time in the State here on Thursday so as to provide both multimedia messaging service (MMS) as well as Mobile Office for the customers. The MMS on GPRS, which ... More

Touchtel phone numbers changed in Coimbatore
TOUCHTEL, belonging to the Bharti group, is changing the telephone numbers of its basic telephone service from 6 to 7 digits from 00.00 hours on March 9, in Coimbatore and Tirupur. Touchtel has already implemented the change in the numbering ... More

Tata Tele eyes `rest of Maharashtra'

STOCKS

Tech stocks drift on `downgrade' fears
THE already battered software stocks continued to reel under selling pressures today with the markets expecting an across-the-board downgrade for the sector from several broking houses, domestic as well as foreign, on account of increased ... More

SOFTWARE

US firm chooses Four Soft product
FOUR Soft, software solutions provider focussing on supply chain and logistics space, has announced that the San Jose, California-based Frank-Lin Distillers Products, has chosen eSupplyEP, the company's enterprise resource planning product, to ... More

IT TRAINING

NIIT upbeat about enrolments, margins
"The possibilities of Indian software companies landing large software outsourcing deals and the booming IT-enabled services (ITES) sector may perk up the computer education business this year." More

INTERVIEW

CSG Systems bullish; to expand operations — Mr Raghav Sahgal, Vice-President
"We have just finished a recruitment campaign with top universities in India. CSG would continue to tap the rich pool of human resources available in India to aid in the deployment of applications related to telecom billing around Asia." More

IT-ENABLED SERVICES

Quintant raises $29.8 m for BSP foray — GMR Group has Phaneesh firm as consultant for IT venture
QUINTANT Services Ltd, a back-office services start-up, has raised $29.8 million as initial funding from investors including its promoters, GMR Group, who would hold a majority stake in the company and Mr Phaneesh Murthy, former head of worldwide ... More

Budget changes may hit telemarketing jobs
FOREIGN companies that outsource work to companies in India in the IT-enabled services as well as those in the BPO space are in for a major shock with the Union Budget making them liable to tax in the country. This could force foreign companies ... More

TRENDS

Too much cash bogs down IT firms
IF you get the feeling that IT firms nowadays look like mutual funds that also run software businesses rather than like software companies with a lot of cash, it's okay. Cash does seem to be piling up in their balance sheets. And that may not ... More

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