INFO-TECH
PREFERENTIAL ALLOTMENTS
Mobile Tele cancels pref issue
CHENNAI: Mobile Telecommunications Ltd has informed Bombay stock exchange that it has dropped the proposal for preferential issue of 20,00,000 equity shares of Rs 10 each to Turnkey Software People India Pvt Ltd due to the difference ...
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TELECOMMUNICATIONS
FLAG withdraws plaint against VSNL's US foray
FLAG Telecom has withdrawn its complaint to the Federal Communications Commission (FCC) against Videsh Sanchar Nigam Ltd's proposed entry into the US telecom services market. The US-based company, which was recently acquired by Reliance, had ...
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Interconnection disputes — TRAI has no powers to adjudicate: TDSAT
The fallout of TDSAT's order on TRAI's future role as a mediator in other disputes is to be seen.
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STOCKS
Hexaware maintains upward trend
THE stock of Hexaware Technologies Ltd has been riding the crest of sustained investor interest, ruling firm in an otherwise volatile market. Brokers said that good revenue growth coupled with the fact that the company's performance has been ...
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FINANCIAL PERFORMANCE
Association with rivals helps VSNL post rise in Q1 net
VIDESH Sanchar Nigam Ltd's association with two of its rivals — BSNL and Bharti Tele-Ventures — partly helped in lifting the company's bottom line for the first quarter of the current year. Analysts were left quite surprised when ...
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SOFTWARE
Polaris, Indonesian bank settle row — Firm to pay $1 m; BAG to return software
POLARIS Software Lab Ltd and Bank Artha Graha (BAG), Indonesia, have agreed to settle all their disputes and agreed to seek to have police complaints withdrawn. Polaris has agreed to make full restitution to BAG in the sum of $1 million ...
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Induslogic plans facility at Noida
SOFTWARE product engineering company Induslogic Inc, on Monday said it plans to invest up to $60 million in India in the next couple of years, and also announced a new development facility at Noida with capacity to house 600 ...
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Nucleus bags Philippines order
NEW DELHI: Nucleus Software Exports Ltd on Monday announced it has bagged an order from Planters Development Bank, Philippines, to implement FinnOne lending, loan originating systems for both retail and corporate banking. FinnOne ...
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IPR
`India, China hotspots for fakes' — HP rolls out multi-pronged battle
IDENTIFYING India and China as the hotspots for IT consumable counterfeits, Hewlett Packard (HP), has called for setting up special Intellectual Property Rights (IPR) cells in the police department and IPR tribunals. "India and China are hot ...
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HUMAN RESOURCES
HP moves low-end BPO jobs to rural area in AP
HEWLETT Packard (HP) is likely to move a portion of its internal business process outsourcing (BPO) jobs to Kuppam in Andhra Pradesh. HP is implementing its `i-community programme' at Kuppam, through which it expects to transform the lives of ...
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`Manpower management is big challenge for BPO units'
APPROPRIATE manpower management will increasingly emerge as a major challenge in a scenario where the business process outsourcing (BPO) segment is growing at a very fast rate, according to Mr Roopen Roy, Managing Director of ...
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CORPORATE BONDS
GTL convertible bonds
MUMBAI: GTL Ltd has issued $64.5-million, 61-month and one per cent coupon convertible bonds to overseas investors. According to the company's notification to the Bombay Stock Exchange, GTL has successfully completed an international ...
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INTERVIEW
`We are open to having a strategic investor'
AFTER appearing to have gone into a limbo during most of last year, the BPL Mobile group seems to be back on the roll again, starting July 2003, when BPL Mobile Cellular achieved financial closure, tying up long-term debt of Rs 1,759 crore for ...
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VENTURE CAPITAL
July Systems raises $10m from VCs
MOBILE data solution provider July Systems on Monday announced that it has raised $10 million in Series B funding to expand its multi-discipline product team in Bangalore and strengthen global sales and marketing. The funding was led by the US ...
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PEOPLE
Dubash is WNS Global CFO
MUMBAI: Business process outsourcing company WNS Global Services has appointed Mr Zubin Dubash as its Group Chief Financial Officer. Mr Dubash joins WNS Global from Indian Hotels Company Ltd, where he was Executive Director, said a news ...
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