Business Daily from THE HINDU group of publications
Tuesday, August 08, 2006
Markets (August 07)
BSE Sensex10812.64(-53.87)
S&P CNX Nifty3151.10 (-25.65)
US Dollar (Buy/Sell)46.59 (-0.03)

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Aircel applies for licences in 11 more circles
Maxis to pump in over $1 b; sees joint venture as key investment More

Hutch crosses 3-m mark in Gujarat
Hutch, the largest cellular service provider in Gujarat, today announced having crossed the 30-lakh mark in subscriber base in Gujarat and maintained the leadership position of being the largest-single operator in any State in India. Hutch has ... More

FLAG Telecom inks pact with T-Com
FLAG Telecom has signed a contract with Europe-based T-Com to provide the latter 180 GB of connectivity between Europe and the US. T-Com is the broadband and fixed line business of Deutsche Telekom AG. FLAG, which has a global fibre optic ... More

Nokia launches E-series phones
Nokia on Monday launched its `E-series' range of phones that are optimised for business use. The new devices — Nokia E50, Nokia E60, Nokia E61 and Nokia E70 — offer secure mobile access, advanced ... More

Concentration in the competitive software business
The success of India in the global market for software services has encouraged the view that software is a competitive industry with limited barriers to entry and space for new and small players. In actual fact, however, US firms dominate the global software market, with evidence of a high degree of concentration. While the factors explaining this structure are many, there are some which have implications for an assessment of the Indian industry, argue C. P. Chandrasekhar and Jayati Gh osh. More

Onward Tech unveils CAE simulation centre
The Pune-based Onward Technologies Ltd has unveiled a computer aided engineering (CAE) simulation and analysis centre. Mr Harish Mehta, Chairman and Managing Director, Onward Technologies, told presspersons said that the centre involved an ... More

Brain League, Edutech launch e-learning tool
IP services firm Brain League and e-learning enterprise Edutech have launched Value IPR, their e-learning suite on intellectual property for businesses. The jointly developed product is the first such customised e-learning tool for IP in ... More

Sitel India to double headcount
To foray into infrastructure management More

It's sunny days for fresh recruits
Top companies plan brisk hiring, bigger pay packets More

US arm merged with iGATE
iGate Global Solutions Ltd has informed BSE that in terms of the certificate dated August 1, 2006 issued by the Secretary of the State of Delaware, the Symphoni Interactive LLC, a majority owned subsidiary (99.99 per cent) of the ... More

Tulip in pact with NTT arm
To offer VPN connectivity services to global customers based here More

U&I Systems in talks with Thuraya for joint venture
Bangalore-based U&I Systems Design Ltd said Monday that talks were still on with satellite communication giant Thuraya for a possible joint venture. Mr G.R. Itigi, Managing Director, U&I Systems, said an attempt to create a joint venture is . More

Satyam, Planview team up
Satyam Computer Services Ltd has formed an alliance with Planview, an enterprise portfolio management software company, to offer enterprise portfolio management, IT governance and project management services globally. The ... More

Cranes Soft arm, SERC in pact
Cranes Software International Ltd has announced an alliance between its wholly-owned subsidiary Engineering Mechanics Research (India) Ltd (EMRC) and Structural Engineering Research Centre (SERC), a national ... More

Ram Info partners STPL
Ram Informatics Ltd has informed BSE that the company has signed a memorandum of understanding (MoU) with the Pune-based STPL Global Solutions to provide software development services. ... More

Kotak offers flat fee model for share deals
Kotak Securities is offering investors the privilege of a flat fee for shares purchased by them, the company said here on Monday. Labelled `Kotak Flat', the fixed fee-based brokerage model is offered for its Internet-based traders and customers. ... More

Trading call
PAY IN & PAY OUT: Mr E. Prasanth Prabhakaran, Senior Vice-President & Head,, Kotak Securities Ltd, and Mr Narayan S.A, Managing Director, at a press conference in Mumbai on Monday. ... More

Tata Tele disconnects 32,000 lines
Result of rigorous customer verification process More

Tech Mahindra fixes issue price at Rs 365
Tech Mahindra Ltd has fixed the issue price for its initial public offering (IPO) at Rs 365 at the top end of the price band, said Mr Vineet Nayyar, its Vice-Chairman and Managing Director at the sidelines of a press conference. "The issue ... More

Infotech mulls buys in engg, geospatial space
Shortlists cos in India, overseas More

Virtusa inducts training head
Virtusa Corporation on Monday announced it has inducted Mr Ravi Vadapalli as global head and director, training and development. Based in Hyderabad, Mr Ravi will be responsible for shaping the leadership development strategy and execution ... More

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