INFO-TECH
OUTSOURCING
ICRA ties up with BPO vendor — Investment research input to overseas banks
CREDIT rating agency ICRA has signed a pact with business process outsourcing vendor B2K Corp to offer investment research to foreign investment banks, stock exchanges and other financial intermediaries, which need to cope with increased ...
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TELECOMMUNICATIONS
Reliance Info launches Plan 290
RELIANCE Infocomm announced on Monday `Plan 290' for its fixed wireless services. The company said this is one of the lowest monthly commitment plans in the market. Plan 290 includes 150 free call pulses worth Rs 180. Its value added ...
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Rabo India gives Rs 450-cr loan to Escotel Mobile
RABO India Finance Pvt Ltd has provided a term loan facility of Rs 450 crore to Escotel Mobile Communications Ltd to facilitate its acquisition by Idea Cellular Limited (IDEA). To facilitate the release of collateral and guarantees provided by ...
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Madison bags AirTel media a/c
MOBILE service provider AirTel has appointed Madison Media as its media planning and buying agency for all media except outdoors. Earlier, Total Media Edge was responsible for media planning while Carat was in charge of media buying. Said Mr ...
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HARDWARE
PC excise duty exemption anomaly to be rectified soon
THE Government on Monday assured the IT hardware industry that the anomaly relating to Budget announcement of a full excise exemption on personal computers (PCs) would be rectified soon. Addressing captains of the industry here, the Finance ...
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SOFTWARE
SBI picks Credence tool for inter-bank messaging
STATE Bank of India has opted for the inter-branch messaging software of Mumbai-based Credence Analytics (I) Pvt Ltd, and is implementing it across 610 branches. "In this deal, SBI evaluated five vendors, short-listed Credence and Reuters, and ...
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IT TRAINING
Persistent Systems to offer distance education in IT
THE Pune-based Persistent Systems Pvt Ltd (PSPL) is the next one to join the bandwagon of reaching out to the IT professionals through distance education programme of the IIT Mumbai. This is the 12th centre in the country offering the course, ...
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MERGERS & ACQUISITIONS
Sunil Gupta buys IVL India from German promoters
THE city-based IVL India Pvt Ltd has announced that its Managing Director, Mr Sunil Gupta, will acquire complete ownership of the company from its German promoters SEI GmbH. Addressing a press conference in the city on Monday, Mr Gupta said he ...
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REGULATORY BODIES & RULINGS
DoT shoots down TRAI plan to slash VSAT licence fee
THE Department of Telecom (DoT) has told the Telecom Regulatory Authority of India (TRAI) that it is not in favour of reducing spectrum charges for VSAT operators. It has also said that the Department of Space is not in favour of following an ...
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OFF-SHORE DEVELOPMENT
Headstrong arm plans $7-m facility in Bangalore
TECHSPAN, a subsidiary of Headstrong Corporation, a $100-million global consultancy, is planning to establish a new facility in Bangalore with a capacity of 500 employees at an investment of $5-7 million. "We plan to set up a new facility in ...
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IT-ENABLED SERVICES
KGISL to expand call centre facility
KGISL (KG Information Systems Private Ltd) has forayed into call centre business by leasing out a facility in Bangalore. It established a 100-seater facility at its campus in Saravanampatti near here three months back and then shifted base to ...
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PEOPLE
Motorola India's new chief
TRENDS
Disaster recovery goes hybrid, market set to grow rapidly
As per IDC predictions for the Asia-Pacific, the disaster recovery market will grow from $551 million in 2001 to exceed $1.3 billion by 2006. This growth will be fuelled by the region's healthy demand for services that guarantee business continuity.
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