Financial Daily from THE HINDU group of publications
Wednesday, April 26, 2006
Markets (April 25)
BSE Sensex11646.78(-268.46)
S&P CNX Nifty3462.65 (-86.25)
US Dollar (Buy/Sell)45.06 (-0.08)


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MERGERS & ACQUISITIONS


Subex buys UK's Azure
Stock-plus-cash deal exceeds $140 m; to have 500-strong employee base More

TELECOMMUNICATIONS


Kodiak offers range of 2.5G products
Mobile application provider Kodiak Networks is using India as a launch pad into the Asian telecom sector. As other companies wait for 3G (third generation of telecom networks) to arrive, Kodiak is making hay while the sun shines by supplying ... More

MTNL to foray into real estate
Faced with declining revenues from the telecom sector, Mahanagar Telephone Nigam Ltd (MTNL) today said that the company would foray into real estate sector and is planning to form a new subsidiary for the same. The new subsidiary will also look ... More

Nortel plans new products, services for SMEs
Communication equipment maker, Nortel said on Tuesday it would give a strong push to its small and medium enterprises (SME) business in India through a new set of products and services. "Indian SMEs are now turning to information and ... More

INSIGHT


Microsoft Corporation vs Commission of European Communities
Between April 24 and 28, Grande Salle of the Court of First Instance, Luxembourg, is busy with an important case. It is numbered T-201/04: Microsoft Corporation vs Commission of the European Communities. To know what it's about, begin ... More

FINANCIAL PERFORMANCE


MTNL net dips 38 pc
Income from services down 6 per cent More

Subex net rises 47 pc
Telecom software firm Subex Systems Ltd reported a 47-per cent growth in net profit and a 55-per cent growth in revenues for the year-ended March 2006. Subex clocked a consolidated net profit of Rs 37.87 crore on revenue of Rs 181.43 crore for ... More

VisualSoft Q4 income, net down
VisualSoft Technologies suffered a fall in both revenues and net profit for the fourth quarter of 2005-06. The company recorded total revenues of Rs 28.95 crore (Rs 51.44 crore) and net profit of Rs 4.07 crore (Rs 7.02 crore) for the quarter ... More

SOFTWARE


Megasoft unit bags Xero Mobile order
Xius, the telecom division of Megasoft Ltd., has bagged a three-year $22-25 million (Rs100 crore) deal from Xero Mobile, to deploy its telecom platform Voise. Voise or Virtual Operator Integrated Services Engine is a platform which the company ... More

INDUSTRY ASSOCIATIONS


Nasscom not for job quota in pvt sector
Indicating that it was against the government move to introduce job quota in the private sector, Nasscom — the apex IT industry body said on Tuesday that the best way to end discrimination was to raise the ability of disadvantaged sections ... More

IPR


Demand for IP driven by global trade, tech advance
The enforcement machinery for IP laws is inadequate and the judicial process is slow. More

ALLIANCES & JOINT VENTURES


Wipro Infotech, Israeli firm tie up
Wipro Infotech, the IT services arm of the $2.39-billion Wipro Ltd, has partnered with Israeli firm RiT Technologies to jointly market a network management solution. "The physical layer with the longest shelf life where users are ... More

EXPORTS & IMPORTS


STPI exports up 36 pc
Karnataka tops with Rs 37,000 cr More

PIRACY


$500 m lost to software piracy: Study
Software companies in India lose a staggering half a billion dollar a year to pirated software, says the latest BSA (Business Software Alliance) - IDC study on `Global Software Piracy'. The piracy rate has risen from 73 per cent with losses ... More

ECONOMIC OFFENCES


Serious Fraud Office for prosecuting DSQ Soft
Probe reveals violations of Companies Act norms More

AWARDS & HONOURS


VSNL ED wins award
The Executive Director of Videsh Sanchar Nigam Ltd (VSNL), Mr N. Srinath, has been named `Telecom CEO of the Year' by publishing group Telecom Asia in the 2006 edition of their awards. The award is in recognition of Mr Srinath's role in ... More

PEOPLE


Nipuna appoints new COO
Nipuna Services Ltd has announced the appointment of Mr Deepak Mangla as its Chief Operating Officer. Mr Deepak joined Nipuna in October 2005 from his earlier stint with Accenture Services. ... More

NEW PRODUCTS & SERVICES


Intel to unveil vPro brand for business PCs
New line of multifunctional chip package to drive down costs More
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In Depth

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Looking back
Apr. 16-Apr. 22
Techies, watch your waistline

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Exclusive national weather portal launched



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