The Hindu Business Line : Friday, July 25, 2003

Satyam gets $20-m funding for BPO arm
SATYAM Computer Services Ltd has entered into an agreement with two global investors for aninvestment of $20 million in Nipuna, the business process outsourcing (BPO) subsidiary of the company located at Hyderabad. The Chairman of Satyam ... More

OUTSOURCING

24/7 Customer raises $22 m for global expansion
24/7 Customer, a provider of outsourced contact centre and BPO services, said on Thursday that it has raised $22 million to fund its global expansion plans. The latest round of funding was led by new investor, Sequoia Capital, with participation ... More

TELECOMMUNICATIONS

DoT againt sales tax on rentals — Moots legislation to bar the levy on phones
IN a move that should see a steady fall in the telephone bills of subscribers in many states across the country, the Department of Telecommunications (DoT) is pushing for a legislation to bar State Governments from levying sales tax on telephone ... More

Overseas listing to raise funds for buys: Mittal
BHARTI Tele-Ventures Ltd, which has announced its intention to list overseas next financial year, will use the money raised through this route for consolidation - to acquire other companies - and for some cash in hand, which may be needed ... More

Idea cellular offer

SOFTWARE

Satyam net up 12 pc in Q1
REVISING its revenue guidance upwards to 18-20 per cent for the year in dollar terms, Satyam Computer Services Ltd has announced it has recorded a total income of Rs 570.35 crore and a net profit of Rs 121.49 crore for the first quarter ended ... More

HCL Tech bags AMD contract
HCL Technologies, the Shiv Nadar-promoted software service company, on Thursday said it has bagged a `multi-year, multi-million dollar' contract from AMD, the world's second largest computer processor maker. Under the contract, HCL Tech would ... More

OFF-SHORE DEVELOPMENT

Staffware to set up office in Mumbai
The company has a two-fold strategy of working with software partners or with the customer directly. More

Xansa opens software facility near Chennai
XANSA Plc, the $800-million, UK-based business process and IT services company, expects 40-50 per cent of its total employees to be India-based in a few years from 20 per cent now. Xansa has over 6,000 employees worldwide and a fourth of them ... More