Financial Daily from THE HINDU group of publications
Friday, September 09, 2005
Markets (Sept 8)
BL 2502424.71 (+21.14)
BSE Sensex8052.56(+105.78)
S&P CNX Nifty2454.45 (+25.80)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6380 (+5)


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AWARDS & HONOURS


ToolBook design awards
HYDERABAD: SumTotal Systems, a learning management solutions providerwith centre in Hyderabad, has announced that the US Army and Verizon have received this year's ToolBook Design Awards for their outstanding use of ToolBook, SumTotal's ... More

TELECOMMUNICATIONS


CDMA operators allege GSM camp misrepresented facts
EVEN before the Government-sponsored joint working group on spectrum has met for the first time, the CDMA and GSM operators have once again entered into a war of words. While CDMA-based operators today said that the GSM operators have ... More

`Chennai bests China'
WHY did Nokia choose Chennai for its manufacturing plant with an investment of $150 million? Government sops? Or the lovely Chennai heat? Maybe. Maybe not. But you could leave the realms of conjecture if you read a recent report that Nokia ... More

3 million new phone subcribers in August
THE telephone subscriber base in the country has increased by three million in August, touching a new high of additions. The previous highest was in July when 2.72 million new subscribers were added. The average additions for the first five ... More

Bharti, IBM join hands to offer managed services
BHARTI Tele-Ventures Ltd and IBM Global India on Thursday announced the launch of managed services under their `Joint Go-To-Market' programme that the companies signed a year back. The two companies will jointly develop and market telecom and ... More

Govt may freeze fresh allocation of spectrum till policy is finalised
THE Government is considering freezing of all fresh allocation of radio frequency until the spectrum policy is finalised. The office of the wireless advisor has mooted a draft proposal to the Communication Ministry in this regard. The Government ... More

BPL Mobile opens showrooms in Thrissur dt.
KOCHI: BPL Mobile has opened three more new showrooms at Kechery, S N Puram and Eriyad. With this, the company has a total of 20 showrooms and two galleries in Thrissur district and over 100 showrooms and galleries in the State. At BPL ... More

India-Sri Lanka undersea cable link to cost Rs 80 crore
A SUBMARINE telecom cable link between India and Sri Lanka will be laid at an estimated capital cost of Rs 80 crore. The cost will be shared equally by Bharat Sanchar Nigam Ltd (BSNL) and the Sri Lanka telecom authorities, according to Mr A.K. ... More

INFRASTRUCTURE


TN plans second IT park at Siruseri
THE Tamil Nadu Government plans to develop a second information technology park at Siruseri, along the Old Mahabalipuram Road. The Chief Minister, Ms Jayalalithaa, made this announcement today while inaugurating Connect 2005 - a two-day ... More

MBT to promote software development campus in Pune
MAHINDRA British Telecom (MBT) has decided to build a new 6,000-seat software development campus at Hinjewadi in Pune. "As we embark on this road to expansion, we intend to hire over 4,000 people," said Mr Vineet Nayyar, CEO and Managing ... More

HARDWARE


Microsoft unveils new range of input devices
MICROSOFT Home and Entertainment Division today unveiled its 2006 range of hardware input devices including mouses and keyboards. "Our new 2006 product range launched today is synchronised to suit the changing usage patterns as well as ... More

Taiwan-based hardware cos show interest in Chennai
ASUSTeK Computer and Foxconn Electronics (a trade name for the Hon Hai Precision Industry), both Taiwan-based hardware manufacturers, are considering investments in hardware plants to be located in Chennai. Revealing this to Business ... More

SOFTWARE


Pramati in Red Herring list
HYDERABAD: Pramati Technologies, an IT solutions provider, has been named a Red Herring Top 100 Company of Asia. The award recognises promising and innovative private technology companies that have a high growth potential. The winners ... More

HUMAN RESOURCES


HCL to hire 600 more in UK — Our model will be replicated by others, says Shiv Nadar
IT company HCL today said that it would create 600 jobs in a major expansion of its Armagh and Belfast contact centre operations in the UK. The British Prime Minister, Mr Tony Blair, who is currently visiting India, made this announcement ... More

MERGERS & ACQUISITIONS


Srini Raju, Sandeep Reddy buy 9 pc stake in VisualSoft
MR SRINI (VASA) RAJU and Mr Sandeep N. Reddy, today announced they have acquired about 9 per cent stake in the Hyderabad-based VisualSoft Technologies Ltd. The acquisition was through their investment companies Chintalapudi Holdings (P) Ltd ... More

OfficeTiger set to buy MortgageRamp
OFFICETIGER, the Chennai-based professional support services firm, has said that it is set to acquire MortgageRamp, a provider of business process outsourcing for the real estate finance industry with offices across the US. A statement from ... More

ALLIANCES & JOINT VENTURES


Satyam, Mainstay sign pact
SATYAM Computer Services and Mainstay Partners LLC, a Silicon Valley-based management consultancy, on Thursday announced the signing of a global alliance to offer consulting service in specialised evaluations of technology investments. Under ... More

EVENTS


Don't miss domestic markets, IT sector told
THE two-day fifth edition of Connect - a conference on information technology, communications and technology - began here today with the Tamil Nadu Chief Minister, Ms Jayalalithaa, pointing out that the Indian IT industry was facing ... More

IT-ENABLED SERVICES


More TN sops for ITES sector
THE State Government on Thursday unveiled a policy for the Information Technology Enabled Services (ITES) sector, which it hopes will help the State garner a 20 per cent share of the projected revenues of $21-24 billion by 2008 from this sector ... More

OUTLOOK


Bandwidth prices set to fall further
INTERNATIONAL bandwidth prices are set to come down with the Telecom Regulatory Authority of India reinforcing its earlier announced ceiling for International Private Leased Circuits (IPLC). The new ceiling, which is up to 64 per cent lower ... More

PEOPLE


New head for Symantec India
BANGALORE: Symantec Corp has announced the appointment of Mr Vishal Dhupar as the Managing Director of Symantec India. Mr Vishal joins Symantec from Autodesk where he led the Indian operations. Prior to that, Mr Vishal was director of ... More

NEW PRODUCTS & SERVICES


Nortel tool for SMBs
NORTEL has launched a new communications solutions platform for the small and medium business (SMB) segment, a sector that the company says is emerging as a big market in India. The platform, called BCM -50 is for converged voice and data ... More



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