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Thursday, February 03, 2005

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OVERSEAS BORROWINGS


Subex board meet on Feb 8
BANGALORE: The board of directors' allotment committee of Subex Systems is meeting on February 8 to consider the conversion of foreign currency convertible bonds, equivalent to a nominal amount of $50,000, held by Merill Lynch Capital ... More

OUTSOURCING


MphasiS to open BPO unit in Mangalore
MPHASIS will open its third business process outsourcing (BPO) facility in the country at Mangalore next month. Addressing presspersons here on Wednesday, the Chairman and Chief Executive Officer of MphasiS, Mr Jerry Rao, said that nearly ... More

TELECOMMUNICATIONS


FDI cap in telecom hiked to 74 pc
THE Union Cabinet today went ahead with the decision to raise the foreign direct investment (FDI) limit in the telecom sector to 74 per cent from the current ceiling of 49 per cent. Certain conditions have also been specified while allowing the ... More

Telecom FDI hike may create stronger players
THE telecom industry on Wednesday said that the decision to increase the foreign direct investment (FDI) cap would result in the emergence of stronger players, which will help the industry achieve its teledensity targets. The industry also said ... More

BSNL, pvt cell cos lock horns over roaming revenue
PRIVATE cellular operators have locked horns with Bharat Sanchar Nigam Ltd (BSNL) after the State-owned company demanded 50 per cent of the revenues earned from international roaming calls terminating on its network. BSNL has also sought to ... More

Singapore group may hike stake in Idea Cellular
WITHIN hours of the Government announcing the new FDI policy, Singapore Technologies Telemedia Pte Ltd and TM International Sdn Bhd, said that the consortium would evaluate the option to purchase additional shares in Idea Cellular. The two ... More

`India can adopt US model on sharing 1.9 Ghz band'
THE US-based Qualcomm today said that GSM-based operators were wary of more competition from CDMA-based operators and therefore the opposition to sharing radio frequency in the 1900 Mhz band. Dr Irwin Jacobs, CEO, said: "Using the 1900 Mhz band ... More

Left to discuss hike today
STRONGLY opposing the Government's decision to increase the foreign direct investment (FDI) limit in the telecom sector to 74 per cent, the four Left parties have convened a meeting here on Thursday to chalk out their course of action. Party ... More

Tatas upbeat; Hutch may consolidate operations
INVESTMENT opportunities in India in the telecom sector are sure to get a higher priority with several potential investors from the international business and investment community, according to Mr Kishore Chaukar, Managing Director Tata ... More

Warburg offloads 3 pc in Bharti Tele — 6.27 cr shares sold for Rs 1,355 cr
PRIVATE equity investor Warburg Pincus has offloaded a 3-per cent stake in Bharti Tele-Ventures Ltd (BTVL), selling over 6.27 crore shares for Rs 1,355 crore or over $308 million to a group of foreign funds. Warburg, according to market ... More

BSNL to get Rs 2,700-cr relief
THE Union Cabinet today approved about Rs 2,700 crore worth of relief measures for BSNL for the current and the coming financial years. This was announced by the Finance Minister, Mr P. Chidambaram, after a Cabinet meeting. The financial ... More

IDEA cuts STD/ISD rates
MUMBAI: GSM mobile operator IDEA Cellular on Wednesday reduced the mobile long-distance tariffs. STD tariffs on both pre-paid and post-paid services have been reduced by 35 paise to Rs 2.65 a minute. The international long distance ... More

INSIGHT


IT industry — Indian firm clicks as well as MNC
A FEW years ago, Indian and multinational consulting firms all but ignored each other capitalising on exclusive profit sanctuaries. As the onsite-offshore model assumed gradually began to dominate, the two beasts ... More

INFRASTRUCTURE


Eveready in tie-up with Khivraj to set up tech park in Chennai
AS part of its plans to unlock the value of its assets, Eveready Industries India Ltd (EIIL) on Wednesday announced a new initiative that is aimed at creating the latest infrastructure in Chennai. The company, in collaboration with Khivraj ... More

Change of guard
The Kochi Infopark (in the picture) and 300 acres of land surrounding it is to be sold to Dubai Internet City for setting up the Smart City. An amount of Rs 100 crore would be invested on the development of Infopark by the State Government. In ... More

SOFTWARE


JNTU signs pact with Infotech for staff training programme
INFOTECH Enterprises Ltd, a Hyderabad-based global software services company specialising in geo-spatial, engineering design and IT solutions, has signed a Memorandum of Understanding (MoU) with Jawaharlal Nehru Technological University (JNTU), ... More

CA tool for TCS operations
HYDERABAD: Computer Associates International Inc (CA) has announced it has entered into a strategic partnership with Tata Consultancy Services Ltd (TCS) to secure the latter's operations covering 55 centres globally by deploying CA's ... More

MERGERS & ACQUISITIONS


Sierra Atlantic buys US co
SIERRA Atlantic today announced the acquisition of Sceptre, a US-based consulting company in a cash-cum-stock deal. Addressing a press conference in its new technology centre, the Managing Director of Sierra Atlantic, Mr Sarath Sura, and its ... More

CONVERGENCE


Communications convergence meet in Mumbai on Feb 7-8
MUMBAI: The Indian Merchants' Chamber is organising its third international conference on communications convergence here on February 7-8, said a press release quoting Mr Nanik Rupani, IMC President. The conference will focus on the ... More

BROADBAND


BSNL launches broadband service in Kerala
BSNL Kerala Circle has launched its broadband service in the State by offering high-speed Internet access to begin with. Speaking to presspersons here on Wednesday, Mr S.A. Thomas, Chief General Manager, BSNL, Kerala Circle, said the company ... More

Status quo in AP broadband project ordered
THE Andhra Pradesh High Court on Wednesday ordered `status quo' on the execution of the ambitious Rs 400-crore Andhra Pradesh Broadband project, while admitting a public interest litigation that expressed concern over awarding the project to the ... More

E-GOVERNANCE


Cabinet panel okays MCA computerisation
AFTER overcoming initial hiccups, the ambitious computerisation plan of the Ministry of Company Affairs (MCA) is set to take off with the Cabinet Committee for Economic Affairs on Wednesday giving its nod to the e-governance programme called ... More

EVENTS


Bits and bytes
The Chief Minister of Chhattisgarh, Mr Raman Singh (third from left), and his Cabinet colleagues attend an e-governance course at the National Institute for Smart Governance in Hyderabad on Wednesday. ... More

OUTLOOK


Singapore IT team visits Bengal to explore biz scope
AN eight-member business delegation led by Infocom Development Authority of Singapore (iDA) on Wednesday visited the city to explore business opportunities in West Bengal. The delegation included representatives from four top ranking IT firms ... More

NEW PRODUCTS & SERVICES


MediaManager from Genesis
BANGALORE: Genesis IT Innovations has introduced Crestron MediaManager, an integrated suite for easy facilitation of audio-video integration. Whether installing a single boardroom or a campus-wide network of audio-visual systems, ... More


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In Depth

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Looking back
Jan. 23-Jan. 29
Consumer desktop segment notches 30% growth year-on-year

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`IT spend by medium-sized businesses up by 15 pc'

Hexaware Q4 net up multi-fold

i-flex Solutions third-quarter net up 33 pc

BPOs move to smaller towns to cut attrition rates


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