The Hindu Business Line : Friday, October 17, 2003

Offshore business: China threat `over-estimated'
THE threat of China spoiling India's prospects as a preferred destination for offshore business, particularly in ITES, was over-estimated and the inherent strengths of India, apart from the labour arbitrage should neutralise any challenge to its ... More

Datamatics Tech eyes more acquisitions
HAVING completed the acquisition of US-based CorPay Solutions Inc, BPO service provider Datamatics Technologies Ltd (DT) is now eyeing more acquisitions to spur growth. The company expects substantial growth from its forthcoming mergers and ... More

TELECOMMUNICATIONS

Touchtel customer base crosses 5-lakh mark
TOUCHTEL, the private fixed-line telecom service provider of Bharti Telenet, has announced that that it has crossed the 5-lakh-customer milestone. Touchtel's customer base increased from 4 lakh in June 2003 to over 5 lakh in early October. The ... More

LG joins GSM handset race
THE world's largest CDMA handset maker, LG Electronics, on Thursday made a delayed entry into the booming market for GSM mobile phones in India by launching two models in the high-end segment. The company aims to sell over four lakh GSM ... More

SOFTWARE

Hexaware net rises 10-fold
HEXAWARE Technologies Ltd's net has increased almost 10 times in the quarter ended September 30 over the previous corresponding quarter. The company reported a net profit of Rs 23.10 crore on revenue of Rs 43.49 crore for the quarter ended ... More

Satyam foreign holding at 61.6 pc
PRESIDENT and Fellows of Harvard College, Abu Dhabi Investment Authority and Alliance Capital Management LP through Sanford C. Bernstein Fund Inc, are among some of the major global investors who have picked up more than 1 per cent stake as FIIs ... More

Adobe, TCS join hands
ADOBE Systems Incorporated on Thursday announced a strategic alliance with Tata Consultancy Services (TCS), one of the world's largest global software services and consulting organisations. The alliance will enable TCS to integrate and resell ... More

Indian promoters' shareholding in Polaris at 24.26 pc
THE Indian promoters' shareholding in Polaris Software Lab after the merger with OrbiTech Solution stands at 24.26 per cent (2.36 crore shares). Mr Arun Jain, Chairman and Managing Director and CEO, Polaris, holds 3.15 per cent and that of ... More

Acrobat Reader to go local soon
In a bid to curb the piracy Adobe plans to introduce activation technology on the lines of what Microsoft has done More

e-Serve board meet on Oct 20
MUMBAI: A meeting of the board of directors of e-Serve International Ltd will be held on October 20 to consider and take on record the unaudited financial results of the company for the second quarter-ended September 30, according to the ... More

STPI exports up 33 pc in Sept
NEW DELHI: Software exports through Software Technology Parks of India (STPI) units touched Rs 5,229 crore during September, an increase of 33 per cent compared to the same period last year. STPI units had logged exports of Rs 3,919 ... More

IBM, Citrix sign pact
COIMBATORE: Access infrastructure solutions provider Citrix Systems Inc has signed a systems integration agreement with IBM that would allow IBM sales personnel to offer the Citrix MetaFrame Access Suite of products to IBM eServer xSeries ... More

Covansys system for US centre
BANGALORE: Covansys Corporation, a global consulting and technology services company, has announced the successful implementation of a Comprehensive Hospital Abstract Reporting System (CHARS) for the Washington State Department of Health, ... More

INTERNET

`India can be leader in global Web services market'
"India has the right skills, the right talent and the creativity to be a leader in the global Web services market', Dr Sandeep Chatterjee, chief technical consultant for Fortune 100 companies, has said. Dr Chatterjee, an author, technologist, ... More

IT TRAINING

Citigroup Global picks 5 pc stake in SSI
THE Chennai-based SSI Ltd has informed the NSE that Citigroup Global Markets (M) Pvt Ltd has a 5.094 per cent stake in the company as on October 15. The stake is believed to have been acquired through open market transactions. According to ... More

ISPS

Sify trims losses
SIFY Ltd, an Internet, networking and e-commerce company, has reported reduced net loss of $1.85 million on sales revenue of $14.50 million for the quarter ended September 30, 2003. This is compared to a net loss of $9.52 million on revenue of ... More

EVENTS

Wi-fi hotspot is no threat to 3G mobile: Experts
DR Irwin Jacobs, Chairman and Chief Executive Officer of Qualcomm Inc, US has played down the threat to 3G (or third generation mobile technology) revenues from Wi-fi, one of the popular wireless LAN (local area networking) technologies. ... More

Transformation of 3G networks must, says Nortel chief
NETWORKS with voice as their core application will have to transform themselves into a smarter, global multimedia network offering text, video and other features, says Mr Frank Dunn, President and Chief Executive Officer, Nortel Networks. ... More

IT-ENABLED SERVICES

US financial sector offers major break for Indian IT industry
THE US financial services sector has thrown open ample opportunities for the Indian information technology services industry in the area of high-technology cooperation in the recent years, especially after the September 11 terrorist attacks and ... More

NEW PRODUCTS & SERVICES

3Com launches new router solutions
3Com Corporation re-emphasised its focus on the Indian enterprise segment with the launch of its new router solutions. The wide area network router solutions comprising the 3Com Router 5000 family is targeted at enterprise customers. The ... More

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