The Hindu Business Line : Thursday, April 07, 2005

Nokia chooses Chennai — Plans to invest Rs 650 cr in manufacturing facility
NOKIA Corporation of Finland, a leading mobile handset manufacturer, will invest about Rs 650 crore ($150 million) in a manufacturing plant at Sriperumbudur, near Chennai. It hopes to start construction on the plant "as soon as possible" to ... More

Motorola next?
THE announcement by Nokia is just the beginning of a gold rush in telecom manufacturing. The Americans, the Europeans, the Chinese, and the Koreans are moving fast to stake their claim to the mouth-watering opportunities offered by the Indian ... More

India, Pakistan considering optical fibre cable link
WITH the current thaw in bilateral relations, India and Pakistan are exploring a proposal to connect each other through an optical fibre cable link. The project, at a conceptual stage, may see Indian telecom companies partnering with Pakistan ... More

Nokia bullish on Indian mobile market — Pegs handsets growth at 25 million a year
NOKIA Corporation of Finland, which on Wednesday announced its decision to set up a plant near Chennai to manufacture mobile handsets, estimates the Indian mobile market to be in the region of 25 million handsets a year. This includes both ... More

`Has 72% pie of GSM market'
NOKIA'S announcement to set up manufacturing base in the country does not come as a surprise, with the Finnish company having garnered more than 72 per cent of the GSM mobile handset sales in February. According to a survey conducted by ... More

Tata Tele (Maharashtra) reaches 1-million subscriber mark
The company's capex for the current year would be between Rs 700 crore and Rs 800 crore and this would largely go towards expansion of its CDMA mobile network. More

SOFTWARE

Innovation must to tap software export potential, says Satyam chief
INDIA has the potential to transform the current $18 billion in software exports to hundreds of billions dollars provided it innovates and strengthens the foundation required to meet such challenging opportunities. "This calls for a concerted ... More

Terumo Penpol unveils updated version of blood bank software
TERUMO Penpol, a joint venture of Terumo Corporation of Japan and Peninsula Polymers based here and specialising in the manufacture of blood bags and blood banking equipment, has introduced Portia 3.1, an enhanced version of its blood bank ... More

Polaris, IFMR to offer PG programme in financial technology
POLARIS Software Labs and the Institute of Financial Management and Research (IFMR) on Wednesday announced the launch of a three-year post-graduate diploma programme in financial technology. The software company would bring in faculty with ... More

TCS systems for Dubai financial exchange
DUBAI International Financial Exchange (DIFX) has signed a contract with Tata Consultancy Services (TCS), under which TCS will supply software systems that will support clearing and settlement services for DIFX. The agreement is another ... More

Aztec Software gets Rs 9.15 cr I-T notice
AZTEC Software has received a notice from the income-tax authorities for payment of Rs 9.15 crore as taxes under the Income-Tax Act, 1961 due to the adjustments made to the company's transfer pricing under Section 92C of the I-T Act for the ... More

Pinnacle entertainment tool
MUMBAI: Pinnacle Systems Ltd, a provider of digital editing solutions, has launched Pinnacle Media Center, a solution that transforms ordinary PCs and laptops into entertainment centres, according to a press release. The Pinnacle Media ... More

INTERNET

`.in' domain registrations top 1 lakh
THE `.in' Internet domain name registration has crossed the 1-lakh mark in just over 90 days since its official relaunch, the National Internet Exchange of India (NIXI) said today. `.in' domain names are held by registrants from 108 different ... More

MERGERS & ACQUISITIONS

ICICI OneSource buys Rev IT Systems
ICICI OneSource Ltd on Wednesday said that it has acquired the Chennai-based Rev IT Systems, which offers services to insurance clients in the healthcare space. RevIT has 1,100 people in its Chennai and Pondy centres. This is the fifth ... More

ALLIANCES & JOINT VENTURES

Sun Micro extends partnership with Trans E-networks
SUN Microsystems India has extended its partnership with Transversal E-networks following the signing of an OEM agreement, according to a press release. As per the agreement, Transversal E-networks, a Web-based solutions provider, will deploy ... More

Sierra partners Grand Central
HYDERABAD: Sierra Atlantic and Grand Central Communications Inc, an integration solutions provider, on Wednesday announced a partnership that enables Sierra Atlantic to extend the latter's capabilities of business services network to its ... More

Pramati, SpikeSource in pact
HYDERABAD: Pramati Technologies, an enterprise Java platform vendor, and SpikeSource, an open source IT services company, has announced Pramati's J2EE (Java to enterprise server) server has been integrated with the SpikeSource and tested ... More

PEOPLE

New CEO for Intelligroup
HYDERABAD: Intelligroup has announced that Mr Vikram Gulati has been appointed as the Chief Executive Officer and President of Intelligroup. Mr Arjun Valluri will no longer serve as the Chief Executive Officer, President and Chairman of ... More

Virinchi inducts new V-P
HYDERABAD: Virinchi Technologies on Wednesday announced the appointment of Mr Ramakrishna Srinivasa as Vice-President (Technology) and Chief Architect. In this role, Mr Ramakrishna Srinivasa will drive all technology-related ... More

New HCL Tech President
NEW DELHI: HCL Technologies has announced the appointment of Mr Vineet Nayar as President. "He will be responsible for HCL's software and infrastructure business, accounting for 86 per cent of the $750-million revenue run rate global ... More