Financial Daily from THE HINDU group of publications
Wednesday, August 10, 2005
Markets (August 9)
BL 2502357.20 (-5.86)
BSE Sensex7595.57 (-10.60)
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US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6200 (-25)


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INFO-TECH

STORAGE


Hitachi Data launches new storage solution
HITACHI Data Systems, a wholly owned subsidiary of Hitachi Ltd, on Tuesday introduced TagmaStore Network Storage Controller model NSC55 aimed at delivering advanced functionality of the high-end to the broader mid-range and small and medium ... More

OUTSOURCING


`Troubled BPOs must turn to financial analytics, marketing'
THE way out for a number of small and medium business process outsourcing enterprises, which are coming under the threat of closure because of pricing pressures, is to turn their attention to marketing and financial analytics, said Mr O.R.S. ... More

TELECOMMUNICATIONS


Texas Instruments bullish on India
TEXAS Instruments' Chairman Mr Thomas J. Engibous said on Tuesday that his company would continue to expand its operations in India. Texas Instruments, one of the first multinationals to set up a development facility at Bangalore in 1985, ... More

Mobile subscription on the rise, 2.45 m new users in July
MOBILE growth rate in the country has gone through the roof with an unprecedented 2.45 million new users in July. The growth is 45 per cent higher compared to the previous months of the calendar year. While operators based on GSM technology ... More

INFRASTRUCTURE


AP unveils new plan to meet IT real estate needs
THE Andhra Pradesh Government has come up with a new approach to make the real estate available to the IT industry, which is projected to require about 30 million sq ft of built-up space by 2009. Henceforth, land allotments in Hyderabad will be ... More

HUMAN RESOURCES


BPOs find talent hunt no easy job in Tier II cities
TWO years ago, talent-hungry BPOs screamed eureka and gave a thunderous applause for HR managers, who found talent tucked away in Tier II and Tier III cities across the country. Mysore, Madurai, Guwahati, Nagpur, Surat, Visakhapatnam... there ... More

MERGERS & ACQUISITIONS


US firm hikes stake in Teledata
T. ROWE Price Associates Inc, a US-based investment management firm, has acquired 46.39 lakh shares aggregating 5.29 per cent of the total paid-up capital of Teledata Informatics Ltd, a Chennai-based software firm. The mode of acquisition was ... More

OFF-SHORE DEVELOPMENT


GemStone Systems sets up Pune facility
GEMSTONE Systems Inc, a company that provides data services solutions, has set up a development centre in Pune with a primary investment of $400,000. This is its first centre outside the US. Talking to newspersons, Mr Makarand Gokhale, ... More

E-COMMERCE & E-BUSINESS


e-ticketing on Kalka-New Delhi Shatabdi from Aug 12
RAILWAYS will be launching its e-ticketing scheme in up and down Kalka-New Delhi Shatabdi trains from August 12. In this scheme, the photo identity card of the traveller along with the printout of the Electronic Reservation Slip (ERS) would ... More

BROADBAND


BSNL cuts broadband tariff by 50 pc — Offers Wi-Fi services at 50 paise/minute
THE tariff war in the broadband segment is hotting up. State-owned Bharat Sanchar Nigam Ltd (BSNL) has reduced its broadband usage charges by 50 per cent from Rs 500 per month to Rs 250 per month for a 256-Kbps connection. The move follows a ... More

Hughes slashes satellite bandwidth prices by 40%
IN a bid to make bandwidth on satellite more competitive, Hughes has lowered its satellite bandwidth prices by 40 per cent. The company has introduced five new high-speed service plans targeted at the enterprise and SMB market. Through ... More

EVENTS


Wind River meet today
BANGALORE: Wind River, a provider of tools for embedded computing, has announced that it would be hosting `Wind River User Conference 2005 (WRUC 2005)' in Bangalore on August 10. WRUC 2005 will showcase Wind River's latest Linux ... More

PEOPLE


New head for Akamai India
BANGAlORE: Akamai Technologies, Inc, a global service provider for accelerating content and business processes online, has appointed Mr Sanjay Singh as the Managing Director of its Indian subsidiary. Mr Singh will lead Akamai's Indian ... More


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Looking back
Jul. 31-Aug. 6
Mastek to increase focus on US operations

UK nanotech firm to set up joint venture for outsourcing

`BPO space to hot up with mergers, IPOs'

BSNL targets non-metros

`Cost advantage is Wipro's strength'

VSNL, Bharti sign pact to share undersea cables

Over 100 call centres exit biz in last three years: Nasscom

Hutch offers cell-to-cell STD calls at 75 paise/min

Q1 takes the heat off IT jobs — Cos see cool-off period till Sept


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