INFO-TECH
TELECOMMUNICATIONS
BPL case: Essar not to act on termination notice
According to sources, the Essar group is holding that the permission was for merger and not for acquisition of shares of BMCL.
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SOFTWARE
Cybermate to hike capital
Cybermate Infotek Ltd has informed the Bombay Stock Exchange that the members at the Annual General Meeting on August 7 decided to increase the authorised capital of the company from 1.5 crore shares of Rs 10 each to 4.5 crore ...
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FSS solution for Colombo bank
FSS Tech, the services wing of the Chennai-based Financial Software and Systems (FSS), has implemented BASE24-es Electronic Financial Transaction Switch for the Colombo-based National Savings Bank's automated teller machine ...
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MERGERS & ACQUISITIONS
Oracle to make open offer for 20 pc in i-flex
i-flex to acquire US anti-money laundering software co Mantas for $122 m
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`M&As are new biz models in IT sector'
`Major shift towards higher end of value chain'
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REGULATORY BODIES & RULINGS
TRAI seeks more powers
In a bid to become more effective, the Telecom Regulatory Authority of India (TRAI) has proposed a slew of measures including increasing the tenure of Chairperson and other Board members to five years from three years and powers to impose ...
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OUTLOOK
Pvt equity firms bullish on financial services sector
Deals as many as in IT sector
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Product firms taking organic route to grow
Building teams for niche, emerging technologies
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TRENDS
Visa spend of top 4 cos in Q1 at over $40 m
Incremental benefits cited as reason for higher outgo
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