Financial Daily from THE HINDU group of publications
Thursday, December 01, 2005
Markets (December 01 - 15.30 IST)
BSE Sensex8944.78(+155.97)
S&P CNX Nifty2698.95 (+46)
US Dollar (Buy/Sell)45.97/45.98



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SAS to invest $20 m, double R&D strength
BUSINESS intelligence software and services company, SAS, on Tuesday said it plans to invest close to $20 million in its research and development (R&D) operations in Pune over the next 2-3 years and double the R&D headcount. "In the next 2-3 More

Seychelles co picks MQSubscribe
HYDERABAD: Intelvision Ltd, a Seychelles-based triple-play operator providing Pay TV, Broadband and VoIP services, has selected MagnaQuest's MQSubscribe, a convergent customer management & billing (CMB) solution. This solution helps ... More


24/7 Customer opens sixth facility
24/7 CUSTOMER, a contact centre and BPO services provider, has announced the launch of a dedicated facility in Hyderabad. This centre will provide contact centre and back-office services to its customers in the US and the UK. Spread over 90,000 ... More


TRAI asks cell operators to meet quality norms by Dec 31
THE Telecom Regulatory Authority of India on Wednesday asked all cellular operators to comply with the prescribed quality of service norms by December 31. The move comes after the telecom regulator found that the service providers were not ... More

Samsung plans $15-m handset unit in Haryana
SAMSUNG Telecommunications plans to invest $15 million to set up a mobile handset manufacturing plant in Haryana. This is part of Samsung's larger investment plans for the telecom sector. The Samsung President, Mr Ki Tae Lee, disclosed this to ... More


The substitution effect on Access Deficit Charge
What are the implications of the ADC from a public finance point of view? First is the substitution effect. The ADC is analogous to a commodity-specific tax, being the charge on a specific telecom service (international long distance). More


Infosys, Microsoft open concept centre
INFOSYS Technologies and Microsoft Corp unveiled the Catalytic IT concept centre at the Infosys campus in Bangalore on Tuesday. The centre is in continuation of the joint investment announced by Infosys and Microsoft in November last year on an ... More


Northgate Tech net, revenues rise
NORTHGATE Technologies Ltd has recorded a total income of Rs 13.57 crore and a net profit of Rs 4.87 crore for the second quarter ended September 30, 2005 as against Rs 9.53 crore and Rs 1.02 crore respectively for the corresponding quarter last ... More


Govt may pick up equity stake in SemIndia-AMD unit
THE Communications and IT Minister, Mr Dayanidhi Maran, said he would approach the Finance Ministry for approval to pick up equity in the semiconductor manufacturing facility being set up by SemIndia along with Advanced Micro Devices Inc (AMD), ... More

ESC for thrust on hardware exports
EVEN as India's earnings from IT exports have been pegged at $24 billion in 2005-06, the ramp-up in hardware exports can be possible only if there is a greater focus on niche areas such as optical media, contract manufacturing, embedded ... More

Next gen Maxtor HDD
BANGALORE: Maxtor Corporation, a vendor of hard disk drives and consumer storage products, said on Wednesday that it would ship its next generation 500 GB hard drives for enterprise, consumer and desktop markets this quarter. The company ... More


Transera Comm software for call centres
TRANSERA Communications Inc, the US based start-up, has launched Seratel, a call management software, for Indian call centre and BPO companies. The software is delivered as a service to its customer. Mr Prem Uppaluru, President and CEO of ... More

Virinchi bags US deal
HYDERABAD: Virinchi Technologies Ltd, has signed a multi-year $1.25 million (about Rs 5.7 crore) per year contract with an Atlanta, US-based non-banking financial company listed on Fortune's Top 100 list of the fastest growing companies. ... More

Analysis tool for drug cos
NEW DELHI: HCL Technologies Ltd and Saila Systems Inc, Japan, have announced the launch of Panax Finder, a statistical analysis software package that can be used by pharmaceutical companies in the drug discovery process. "This software ... More


Amazon centre to focus on Web services, search
AMAZON.COM, the Web retailer that expanded into the search space last year, has inputs for its Web services and search engine coming out of its India centre. The Amazon India Development Centre Managing Director, Mr Amit Agarwal, told ... More


Acclaris to hike headcount
ACCLARIS Business Solutions Pvt Ltd, a wholly-owned subsidiary of Acclaris Inc of Tampa, Florida, has announced plans to increase its headcount in India from around 300 to 1,000 in the next two years. The business process solutions provider ... More


Fidelity hikes stake in Infy
BANGALORE: Fidelity International Ltd (FIL) has increased its stake in Infosys Technologies Ltd. The company informed the National Stock Exchange that FMR Corp and its direct and indirect subsidiaries and FIL and its direct and indirect ... More


SemIndia to invest $3 b in new unit with AMD tie-up
SEMINDIA, a consortium of non-resident Indians, today announced plans to invest $3 billion to set up a semiconductor manufacturing facility in the country in collaboration with chip maker Advanced Micro Devices Inc (AMD). Announcing the ... More

Anzac in pact with Crisp Systems
HYDERABAD: Anzac Solutions Pvt Ltd, a five-year-old overseas education facilitator and a corporate trainer, has entered into a strategic partnership with a Coimbatore-based embedded software solutions provider, Crisp Systems, to foray into ... More


`Bird flu could hit BPO, IT sector in India'
THE global spread of avian influenza or bird flu is a cause for concern not just among healthcare providers but industry as well. According to a report prepared by Hill & Associates, a multinational risk management consultancy firm, sectors such More

Spice plans foray into long distance services
THE B K Modi-group company, Spice Telecom, today said it is planning to enter national long distance (NLD) and international long distance (ILD) telephony segments. Spice Telecom, at present, offers cellular services in Punjab. "We are ... More


Vandrevala to head Motorola India
MOTOROLA Inc on Wednesday named Mr Firdose A. Vandrevala as the head of its India operations. Mr Vandrevala was earlier the Chairman of Tata Teleservices and has spent 33 years with the Tata Group in different capacities in the steel, power and ... More

SumTotal has new CEO
HYDERABAD: SumTotal Systems Inc, a learning technologies company, has announced that Mr Donald E Fowler has been appointed CEO, effective immediately. An experienced Silicon Valley executive, Mr Fowler has been serving as interim CEO ... More


Oracle offers starter Database XE
ORACLE India Pvt Ltd (Oracle India) on Wednesday announced the launch of Oracle Database 10g Express Edition (Oracle Database XE), a free, starter edition of the world's leading database software. A beta version of Oracle Database XE is available ... More

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Top Stories
Great Eastern handed over to Bharat Hotels chain

Govt may pick up equity stake in SemIndia-AMD unit

Time to take a leaf out of China's books

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Govt expects liberal dividends from PSUs

In Focus

FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Nov. 20-Nov. 26
IT sector's contribution to employment `not so good'

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