Financial Daily from THE HINDU group of publications
Saturday, August 20, 2005
Markets (August 19)
BL 2502422.76 (-0.29)
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US Dollar (Buy/Sell)43.54/43.67

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ANNOUNCEMENTS


Indiagames in Asia's top 100
MUMBAI: Indiagames Ltd, which is into gaming for Internet, PC, broadband, mobile phones and handheld gaming devices, has been listed among the top 100 private companies in Asia by Red Herring. The company said it was selected by Red ... More

OUTSOURCING


Spanco gets Air India contract
MUMBAI: Spanco Telesystems and Solutions Ltd's domestic call centre business has received an outsourcing contract worth Rs five crore from Air India, said a stock exchange notice by the company. The contract is for a duration of three ... More

TELECOMMUNICATIONS


Mobile First Alliance: Little left of it as three partners exit after being acquired
THE Mobile First Alliance — a consortium between BPL Mobile, Escotel, RPG Cellular and Spice Telecom — has been laid to rest with three of the four partners being acquired by larger operators. The Alliance was formed in March 2003 ... More

INSIGHT


IT mid-cap: When FIIs smell the money...
WHEN a deal is round the corner, bet on institutional investors to smell the money. A study by Business Line of M&A (merger and acquisition) activity in mid-cap software companies shows that select FIIs (foreign institutional ... More

INFRASTRUCTURE


RCF looking at developing IT park on surplus land
AS more and more corporates in Mumbai sell off their properties to fill their kitty, Rashtriya Chemicals and Fertilizers (RCF) is seeking to do it differently. The Rs 2,800-crore PSU has plans to appoint a consultant to develop its property ... More

INTERNET


PM to open Internet village centres, MS Telugu version
THE Prime Minister, Dr Manmohan Singh, will inaugurate Rajiv Internet village centres and Microsoft Office Telugu version on Sunday at Medak near Hyderabad. The State Secretary Information Technology and Communication, Mrs K. Ratna Prabha, in a ... More

M-COMMERCE


IT Act must cover m-commerce: CII
MOBILE commerce (m-commerce) needs to be adequately addressed in the Information Security and Information Technology Act 2000 that is coming up for review, according to an official of the Confederation of Indian Industry (CII) — Southern ... More

SECURITY


Free Web hosting is hackers' delight: Websense
WEBSENSE Inc, a Nasdaq-listed provider of employee Internet management solutions, has said that free personal Web hosting sites are increasingly being exploited by hackers. These hackers seek affordable and anonymous ways to store and ... More

VENTURE CAPITAL


NetDevices closes $25-m funding
NETDEVICES Inc, a developer of services gateway products for enterprise branch networks, has announced that it has closed $25 million in Series B funding. New investor Castile Ventures led the Series B round in which existing investors ... More

New Path sets up office in Bangalore
NEW Path Ventures, founded and managed by Mr Vinod Dham and Mr Tushar Dave, is setting up an Indian office in Bangalore to explore early stage investments. The company would target technology companies with a product thrust and also hardware- ... More

OUTLOOK


Megasoft to expand; scouts for partners
Mulls acquisition in US

MEGASOFT Ltd, provider of technology solutions, has firmed up plans for a major alliance-driven expansion, where it plans to invest about $5 million by next year. It is close to finalising a joint venture to address the Asia-Pacific market and ... More

TRENDS


Indian IT managers among lowest paid in the world: Mercer survey
THE information technology sector may be among India's top paymasters, but IT managers in India are among the lowest paid in the world, according to a new survey by Mercer Human Resources Consulting. IT managers — defined as those who ... More

NEW PRODUCTS & SERVICES


New tool from SkillProfiler
BANGALORE: SkillProfiler Analytics, a Bangalore-based provider of corporate talent management services, has launched Skill Inventory Tool that helps companies map resident skill sets, maintain an inventory of all skills available and ... More


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