Financial Daily from THE HINDU group of publications
Friday, October 14, 2005
Markets (October 13)
BL 2502389.09 (-40.81)
BSE Sensex8376.90(-163.66)
S&P CNX Nifty2537.30 (-52.25)
US Dollar (Buy/Sell)44.88/45.01
Gold Std (10 gm)6925 (-40)


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OUTSOURCING


Canada's CGI eyes tier-2 cities for KPO services
THE Canada-headquartered IT and BPO major CGI is looking to tap India's back-office financial analysis services powers to enrich its value-added portfolio. The multinational IT/ITES company ($3.2 billion turnover) proposes to scale up its ... More

`Medical animation gaining importance'
ANIMATION outsourcing is becoming a serious business in the country. The global non-entertainment animation industry, including work in scientific and medical animation, now accounts for revenues worth $15 billion. While India's share in this ... More

TELECOMMUNICATIONS


Telecom officials in BSNL, MTNL — SC to hear DoT petition today
THE Supreme Court would hear on Friday a petition by the Department of Telecom pertaining to implementation of a `contingency plan' to ensure smooth telecom services in the wake of October 15 deadline for Group A telecom officials to continue in ... More

Telecom cos set to cash in on gaming
AFTER ringtones, cool wallpapers and MMS, mobile gaming seems to be the next big business with telecom service providers claiming that the demand for such games is on the rise. According to market research by In-Stat/MDR, the Indian mobile ... More

Reliance Info cuts World Card rates
MUMBAI: Reliance Infocomm has announced cuts of up to 50 per cent in tariffs on its Rs 500 and Rs 1,000 international World Cards, as part of offers for the festival season. The cuts would be applicable on calls to the US, Canada, the ... More

HARDWARE


HCL unveils another sub-Rs 10,000 PC
PLANNING to purchase a low-cost personal computer? HCL Infosystems on Thursday has launched an AMD-powered, Linux-based PC priced at Rs 9,990. The new HCL Ezeebee Pride computer — unveiled by the Communications and IT Minister, Mr ... More

Oh, for that portable office!
Your office is not just your cubicle any more... With laptops becoming cheaper, and many opting for it, even a restaurant or park could become your workplace. More

HUMAN RESOURCES


`Access to qualified personnel, a major reason for offshoring'
While India still has the largest number of offshore implementations among the survey participants, China is clearly the fastest growing location. More

Tech cos set to become largest employers in pvt sector
INDIAN tech services companies are poised to become the country's largest employers in the private sector. The end of the second quarter this fiscal saw TCS crossing the 50,000-mark in employment with 53,329 people on its rolls. "This makes ... More

IT People to promote Dubai outsource zone
DUBAI Outsource Zone, the world's first zone dedicated to the outsourcing industry, has announced the appointment of IT People (India) Ltd, a staffing solutions company, as its executive partner for India and preferred partner worldwide for ... More

MERGERS & ACQUISITIONS


Mastek group Q1 net up 23.5%, buys US co for $2 m
THE Mastek group reported a 23.5 per cent increase in net profit for the first quarter ended September 30, 2005, and also announced that it had acquired the Connecticut-based, $1.5-million company Entegram LLC for $2 million to augment its US ... More

NEW PROJECTS


US access control cards major opens office in India
THE US-based access control cards major, HID Corp, says it has started India operations and is looking at the huge business opportunity that is emerging in airport security. The company has initiated dialogue with the Airports Authority of ... More

ALLIANCES & JOINT VENTURES


Diablo, Jopasana in pact
PUNE: The California-based Diablo Analytical, Inc. on Thursday announced that it has signed an exclusive agreement with the Pune-based Jopasana Software and Systems Pvt Ltd to sell and support high technology software solutions based on ... More

ENTERPRISE RESOURCE PLANNING


Bharat Gears to use Ramco System tool
BHARAT Gears Ltd, an automotive component company, would use Ramco Enterprise Series, an enterprise resource planning (ERP) solution arm of Ramco Systems, a Chennai-based software company. The discreet manufacturing solution to be implemented ... More

E-COMMERCE & E-BUSINESS


MetalJunction sees growth prospects in coal e-auction
METALJUNCTION Services Ltd has identified growth opportunities in e-auction of coal on www.coaljunction.com, its bilingual Web portal that has been developed specifically for the coal-buying community. ... More

OUTLOOK


Kores plans to double revenue
KORES (India) Ltd, supplier of office equipment, is to double revenue in the next couple of years from the present Rs 440 crore, according to Mr G.S.S. Dutt, Chief Executive Officer, Business and Computer Systems Division. The division, which ... More



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Looking back
Oct. 2-Oct. 8
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`Broadband via power lines soon'

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