Financial Daily from THE HINDU group of publications
Thursday, December 08, 2005
Markets (December 07 - 15.30 IST)
BSE Sensex8895.81(+80.25)
S&P CNX Nifty2693.00 (+30.70)
US Dollar (Buy/Sell)46.19/46.32



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Minor fire at CTS site
CHENNAI: A fire broke out this afternoon at Cognizant Technology Solutions' Siruseri construction site. "It was a minor fire and was put out in less than two hours. People are safe," according to a company official. There was no major ... More


Microsoft lines up $1.7 b investments for India — To expand R&D activities; promote IT literacy
BETTING heavily on India's IT prowess, the Microsoft Chairman, Mr Bill Gates, today announced an investment of $1.7 billion (Rs 7,858 crore) spread over the next four years to expand its research and development (R&D) activities, and strengthen . More


Laser Soft bags awards for promoting rights of disabled
LASER Soft Infosystems Ltd has been presented with awards for its initiatives for the welfare of persons with disabilities. A press release by the Mangalore branch of the company said on Wednesday that the President, Mr A.P.J. Abdul Kalam, ... More


2.3 million new cell users added in Nov
GSM-based cellular operators have added 2.32 million new mobile subscribers in November, taking the total user base to 55.31 million. This is now the highest number of monthly subscriber additions recorded by the GSM industry since the ... More

Pvt operators allowed to use BSNL facilities in rural areas
CHANGING its stance, the Communications and IT Ministry said on Thursday that it would allow private telecom operators to share infrastructure set up by the State-owned Bharat Sanchar Nigam Ltd for providing services in rural areas. "Private ... More

HFCL signs Rs 450-cr handsets deal with Reliance Infocomm
HIMACHAL Futuristic Communication Ltd (HFCL) has signed a Rs 450-crore contract with Reliance Infocomm for supply of CDMA-based mobile handsets and fixed wireless phones. At the moment, Reliance's handsets requirements are being met by ... More


Satyam staff to be trained on .Net tech
SATYAM Computer Services Ltd and Microsoft Corporation on Wednesday announced an industry enterprise readiness initiative called EDGE aimed at training and certifying Satyam's engineering work force on Microsoft technologies. Managed by ... More

Telelogic opens 2nd facility in Bangalore
SWEDISH software company Telelogic has opened its second facility in the city. The centre will be in line with the expansion plans for India, according to a company release. The first unit was started in 2004 with a team of five. This rose ... More

Oracle to market i-flex tool
BANGALORE: Oracle has announced it will resell i-flex's Reveleus Basel II solution. This is expected to enhance Oracle's enterprise risk management and compliance platforms for the financial services sector. According to the terms of ... More


Red Hat buys out Indian partner
RED Hat, which provides open source software solutions, has announced complete acquisition of its joint venture in India. Red Hat's joint venture with Mr Javed Tapia was established in 2000. The acquisition is important to Red Hat as India has ... More


`Software services to create product opportunities'
SOFTWARE services is expected to create many opportunities to build entirely new products, says Mr Bill Gates, Chairman, Microsoft Corporation, in an e-mail response to Business Line. Do you expect the growth of software services to ... More


IT's Bajaj show at CII panel meet
EVEN as Indian IT honchos made a beeline for Maurya Sheraton early this morning to hear the Microsoft Chairman, Mr Bill Gates talk about `Realising India's potential', it was Mr Rahul Bajaj who stole the show with his wit and ... More

`IT not elitist; offers big gains to masses'
THE government and the information technology (IT) community have failed to inform people adequately about the pervasiveness and benefits of information and communications technology (ICT); and this has resulted in IT being perceived as elitist, ... More

`Bridge the digital divide in the country'
`Celebrate the developments in information and communications technology but do not romanticise it' More

Nasscom-McKinsey meet in Bangalore on Dec 16
BANGALORE:The NASSCOM-McKinsey India Strategy Summit 2005 will be held in the city on December 16 to unveil the findings of the `NASSCOM-McKinsey Study 2005'. This is a comprehensive analysis of the country's IT services and ITES-BPO ... More


Intel sets up $250-m fund for start-ups in India
CHIP maker Intel has formed a $250-million Intel India Technology Fund that would be used for venture capital investment in technology start-ups in India, according to Mr R.K. Amar Babu, Director Sales & Marketing Group, Intel South ... More


New transcriptions venture in Thiruvananthapuram
THIRUVANANTHAPURAM: CompuSystems, a Michigan-based company, and affiliate MVS Software Consulting operating out of Bangalore and Thiruvananthapuram, have announced the opening of a new venture in the transcriptions domain. Announcing ... More


India on right track, says Gates
THE Microsoft Chairman, Mr Bill Gates, has said that India was moving in the "right direction" and had a huge role to play in the worldwide stage. "While software potential in India is amazing, issues such as literacy, productivity, digital ... More


Quest on Deloitte Fast 50 list
BANGALORE: Quest has been ranked as one of the fastest growing technology companies in the Deloitte Technology Fast 50 India 2005. QuEST is a pure-play engineering firm with expertise ranging from concept design to product ... More


Gates & Murthy: They still chase a dream
THEY are rich, have a good sense of humour and come across as down to earth. Even after 30 years of making it big in the global IT scene, both Mr Bill Gates, Chairman and Chief Software Architect of Microsoft Corporation, and Mr N. R. Narayana ... More

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In Focus

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In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Nov. 27-Dec. 3
`Union activity, a retrograde step'

Role for private cos in telecom R&D centres

Bomb scare at ITPL in Bangalore — Staff evacuated; 50,000 man-hours lost

Telecom users to bear USO burden for another 5 years

Govt may pick up equity stake in SemIndia-AMD unit

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