INFO-TECH
CORPORATE DISPUTES
To avoid disconnection — Reliance to pay Rs 60 cr to BSNL as interim measure
RELIANCE Infocomm has assured payments of Rs 60 crore to Bharat Sanchar Nigam Ltd as an interim arrangement pending a resolution of the dispute between the two companies over routing of incoming international calls illegally. Reliance made the ...
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OUTSOURCING
Spectramind 'tops' in BPO headcount
WITH a headcount of 13,330 at the end of the second quarter, Wipro Spectramind has emerged as the single largest BPO services provider in the country, according to the Chairman and Managing Director, Mr Raman Roy. The BPO outfit, which saw a ...
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`Tech job loss will be other industries' gain'
THAT US infotech jobs going overseas would do good to the US economy is old hat. Mr Harris Miller, President, IT Association of America, tells how good it would be for the US: if IT jobs were offshored, jobs in other industries would gain ...
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Rising per-hire cost, attrition bugbear of BPO firms
RISING per-hire costs, attrition, problems of `bad hire' and choosing the right hunting ground for recruitment are among the challenges that HR managers of person-intensive BPO companies face today. At a seminar at The Hindu ...
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Hiring costs to go up 80 pc, says e-Serve
E-SERVE International Ltd, a BPO company which recruited over 2,000 additional people this year, will see its salary bill rise to Rs 180 crore from Rs 130 crore last year. "Business is growing," said Mr K S Kumar, Head - Human Resources of the ...
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TELECOMMUNICATIONS
CDMA sets: Terracom bids lowest for BSNL tender
GOA-BASED telecommunication equipment maker Terracom has come out tops in a financial bid to supply 10.5 million CDMA fixed wireless sets to Bharat Sanchar Nigam Ltd over the next six months. An industry source said Terracom partnered with ...
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Idea Cellular shopping fete in Hyderabad
HYDERABAD: Idea Cellular Ltd has announced the move to present the Mega Shopping Fest'04 being organised by Ramoji Film City, about 50 km from city. The five-day festival is set to begin from October 16 to 20. It is a festival of ...
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BSNL service for Maharashtra elections
HYDERABAD: Bharat Sanchar Nigam Ltd, in association with VoiceGate Technologies India, would provide the facility of announcing results of the Assembly elections in Maharashtra and by-elections in Andhra Pradesh on October 16. The ...
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Bharti unveils GSM service in Bengal
BHARTI Cellular Ltd on Friday launched its GSM mobile service in the West Bengal Telecom Circle. With this, Bharti's mobile footprint now extends to 18 out of the 23 telecom circles in the country. The West Bengal Telecom Circle includes the ...
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FINANCIAL PERFORMANCE
Wipro Q2 net profit rises 79 pc
A ROBUST growth across all its business divisions helped Wipro Ltd post its highest year-on-year growth in net profits in last 12 quarters. Net profits for the quarter-ending September 2004, grew 79 per cent to Rs 412 crore, much above ...
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Tata Elxsi Q2 income at Rs 44 cr
TATA Elxsi posted second quarter revenues of Rs 43.97 crore, compared to Rs 36.76 crore during the corresponding previous period. The profit after tax grew 59.74 per cent to Rs 6.13 crore, (Rs 3.9 crore) Depreciation amounted to Rs 1.19 crore, ...
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Sify trims Q2 net loss
SIFY Ltd reduced its net loss for the September 30, 2004 quarter to $1.01 million from a net loss of $1.85 million for the same quarter last year. Sales revenue during the second quarter was $18.75 million, an increase of 29.7 per cent over ...
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SOFTWARE
Wage hike may see Wipro Q3 margins shrinking
DESPITE a stable pricing environment, Wipro predicted on Friday that its operating margins for the third quarter ending December 2004 may shrink as the company expects to effect a wage hike of 15 to 18 per cent for its employees in India. ...
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Pac Soft develops e-learning software
A CONCEPT called Lyceum aims at bridging the gap among students, teachers, parents and institutions and enhancing the quality of formal education. Lyceum will be supported by Pac Soft Solutions Ltd, Microsoft, Intel, and Citibank. The ...
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$4 m expansion planned for IMC arm
EXPANSION in thrust areas such as e-learning, bioinformatics and software development seems to be the flavour of the current fiscal for the Pune-based Intrinsic Management Consultants, the wholly owned subsidiary of the US-based Information ...
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BEA showcases Beehive
BEA Systems, an enterprise infrastructure software company, has begun efforts to expand in the region. India hosts a significant chunk of developers. The Principal Technologist, BEA Systems, Mr Michael F. Smith Jr, said "with India riding the ...
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Empower to raise $3-4 m to market `Adrenalin'
EMPOWER Works, a Polaris Software Group company, plans to raise $3-4 million from private equity firms in the next two to three months. The company also proposes to change its name to Adrenalin eSystems, which would continue to be a Polaris ...
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New HR tool from Kenexa
HYDERABAD: Kenexa, a technology-based human resource solutions provider, has announced Kenexa StoreFront, a new applicant tracking solution designed from the ground up to support high-volume recruiting of hourly employees for retail ...
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MERGERS & ACQUISITIONS
Four Soft completes CargoMate acquisition
FOUR SOFT Ltd, a supply chain and logistics technology solutions provider, has completed the acquisition of CargoMate, a Dutch peer, and has converted it as its European subsidiary. The company has engaged consultants for more overseas ...
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EVENTS
Network to help entrepreneurs mooted
A NETWORK for entrepreneurs was mooted at the Global Forum for Knowledge Economy that took place in the Capital on Friday. Speaking on the occasion, Mr Pheroz Vandrevala, Executive Vice-President, Tata Consultancy Services, said, "It would be ...
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