INFO-TECH
OUTSOURCING
Capco sets up new centre in Bangalore
BUSINESS processing, data and technology services firm Capco has set up its new service delivery centre in Bangalore with an estimated investment of $1 million. The new centre's operations infrastructure, technology and human capital investment ...
More
TELECOMMUNICATIONS
PNB picks up 3.7 pc stake in Surana Telecom
PUNJAB National Bank has acquired 4,19,996 equity shares of Surana Telecom Ltd, which represents about 3.72 per cent of the total paid-up capital of the company. The company has also seen another investor, Fortis, picking up over one per cent ...
More
ADC: Regulator studying BSNL plea
THE Telecom Regulatory Authority of India (TRAI) said on Thursday that the total quantum of the access deficit charge (ADC) would not be reduced, even though the levy on per call basis would be brought down. The telecom regulator said that it ...
More
O2 launches PDA phones
THE UK-based mobile solutions provider, O2, on Thursday, launched two compact PDA phones in the Indian market. The Xda II mini, which the company said is the smallest PDA phone in the market, is priced at Rs 34,888 while Xda IIs handheld will ...
More
INSIGHT
ADC: Is it wrong call by TRAI?
Is the access deficit charge regime a case of the regulator shooting itself, and the exchequer, in the foot? The regulator admits as much but appears unable to take corrective action pleading lack of institutional structure. This pushes up prices for domestic telecom consumers, destroys the competitive landscape, and creates room for predatory pricing, says R. Krishnan.
More
SOFTWARE
Rapidigm plans $13-m expansion
IT services company Rapidigm has said it plans to invest $13 million to expand its operations in the country and will hire close to 1,600 professionals over the next 12-18 months, taking its India headcount to about 2,200. "In the coming years, ...
More
Geometric in deal with US co
MUMBAI: Geometric Software Solutions Company Ltd has said that it is planning to acquire 100 per cent stake in the Arizona-based Teksoft Inc and Cimtronics Inc. It has signed a term sheet with OnCourse Technologies Inc, which is ...
More
Mascon board okays GDR draft
CHENNAI: The board of Mascon Global Ltd on Thursday approved the `draft offering circular' in connection with the proposed GDR issue to raise funds up to $18 million, including green shoe option of $ 3 million. This is subject to ...
More
Sonata Soft in multi-year deal with TUI UK
SONATA Software Ltd said Thursday that is has signed a multi-year outsourcing services contract with TUI UK. However, the company did not disclose the deal size. As part of the deal, Sonata will develop e-business solutions, provide application ...
More
HUMAN RESOURCES
`Indian IT pros heading back on home attraction'
IT is homecoming of sorts. The growing trend of offshoring combined with rising employment opportunities in India is drawing Indian IT professionals settled abroad, back to the country. According to the National Association of Software and ...
More
BPO industry: Looking at handling high attrition rates
WHAT ails the BPO sector is the fact that job aspirants are yet to accept it as long-term career option. HR experts, who had gathered here to discuss `Key HR issues in the BPO industry,' saw this was seen as one of the reasons for high attrition ...
More
MERGERS & ACQUISITIONS
Brigade buys out Webhelp from TWS
BRIGADE Corporation, a business process outsourcing company, has announced the acquisition of Webhelp Global Services, a TWS Holdings, in an all-cash deal effective December 1. The company did not disclose the value of the buyout which was ...
More
ALLIANCES & JOINT VENTURES
Ramco in pact with Sigmasoft
CHENNAI: Ramco Systems has announced a partnership with Sigmasoft Consulting, an enterprise management solutions provider, to increase its focus on the small and medium business (SMB) segment in the country. Sigmasoft will promote ...
More
Synaptris ties up with HK co
CHENNAI: Synaptris Inc, belonging to US-based Cybernet Software Systems (CSS), has partnered with Hong Kong-based Logon Software (Asia) Ltd, an independent software supplier, to tap the Asia Pacific market for reporting solutions in a ...
More
EVENTS
Sierra Atlantic's contest
HYDERABAD: Sierra Atlantic has announced the launch of its Programmers' Marathon — a software coding challenge for students as part of its ongoing industry-academia initiative CampusDrive. The Programmers' Marathon, an annual ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds