Financial Daily from THE HINDU group of publications
Wednesday, November 09, 2005
Markets (November 08 at 15.30 IST)
BSE Sensex8317.80(+110.97)
S&P CNX Nifty2492.65 (+31.05)
US Dollar (Buy/Sell)45.84/45.97



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Scandent BPO arm wins Rs 170-cr deal
SCANDENT Solutions Corporation has announced that its subsidiary, Cambridge Integrated Services Victoria Pty Limited, has been awarded a $37.7-million (Rs 170-crore) contract by the New South Wales Work Cover Authority. The three-year contract ... More


Mobile subscribers up 2 m in Oct: COAI
THE number of cell phone subscribers jumped by a whopping 2 million in October, which is the highest since the service was made available, the Cellular Operators Association of India (COAI) has said. In a statement, the COAI said the ... More

Hughes Systique gets 2 investors, to open India centre
COMMUNICATIONS software systems development company Hughes Systique has announced it has closed a fully funded financing with two major investors — NextWave Wireless and SkyTerra Holdings — to launch the company's India development ... More

TCIL revamps accounting to ready for IPO
STATE-OWNED Telecommunications Consultants India Ltd (TCIL) today paid a Rs 21.6-crore dividend to the Government for 2004-05, and said it sought to revamp financial accounts of the last five years as a pre-requisite for public offering. The ... More

Bharti Telesoft in Deloitte 50
BANGALORE: Deloitte Technology has ranked Bharti Telesoft, supplier of value-added services to wireline and wireless carriers, as one of India's Fast 50 technology companies. "Our cutting-edge technology and innovation in the telecom ... More


BSNL profit crosses Rs 10,000 cr in 2004-05 — To float GSM tender for 60 million lines soon
STATE-OWNED telecom corporation Bharat Sanchar Nigam Ltd (BSNL) on Tuesday said it registered profit of over Rs 10,000 crore in 2004-05, while revenues jumped about six per cent to cross Rs 36,000 crore. The company said that it would invite ... More


MphasiS may raise $40 m to fund buy-back plan
The buy-back would be scheduled after the close of fiscal 2005-06 and the price, mode and exact percentage would be decided closer to April 2006. More

iGATE to beef up Japan presence
IGATE Global Solutions said on Tuesday that it was aggressively targeting the Japanese market with its integrated technology and operations (iTOPS) model and would be hiring over 100 IT professionals in that country over the next 12 ... More

HYSEA launches Eclipse platform
THE Hyderabad Software Exporters Association (HYSEA) has announced the formation of Hyderabad Eclipse Developers Group (HEDG), a technology initiative. The HEDG would promote and enhance the adoption of Eclipse as a platform to build Java-based ... More


TCS buys BPO firm in Chile — Plans to expand in a big way in Latin America
TATA Consultancy Services (TCS) has acquired the Santiago-based business process outsourcing firm Comicrom for $23 million in an all-cash deal. As part of the deal, TCS also bought out the 49 per cent stake in the IT services joint venture from ... More

IBM to acquire Network Solutions
IBM will make Network Solutions its wholly-owned subsidiary. More


Trend Micro's security tools for SMEs
TREND Micro Inc, which offers anti-virus and Internet security content, has launched two security products for small and medium businesses. At a press conference here today, Mr Rajesh Venkat, Director of Marketing (Small & Medium Business), ... More


ICT meet begins at Hyderabad
THE Computer Society of India (CSI), which is hosting its 40th annual convention here from November 9 to 12, plans to seek ways to apply information and communication technology (ICT) as an agent of change. The Chair Advisory Committee, CSI, ... More


Siemens India unit MD
NEW DELHI: Siemens Public Communication Networks India on Tuesday announced the appointment of Mr Michael Kuehner as its Managing Director. "In his previous assignment, Mr Kuehner was responsible for the communications business of ... More

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