Financial Daily from THE HINDU group of publications
Saturday, January 04, 2003
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Revenue share norm to revive paging
THE Union Cabinet has approved a revival package for the ailing radio paging services industry by ushering in a revenue-sharing regime in the place of the existing fixed licence fee structure. Briefing presspersons here on Friday, the Minister ... More

Rural telephony tenders soon — DoT seeks industry's views prior to bids
As per the recommendations of the Authority, five per cent of the adjusted gross revenue of telecom operators/carriers has been allocated out of the licence fee collected by the Government for funding the universal service obligations. More

HARDWARE


Hardware park project makes little headway
The issue of laying a special thrust on the hardware park assumed importance at the recently concluded `CEOs Conclave,' where a separate session was held to impress upon the industry the need to focus on the hardware sector. More

SOFTWARE


netGuru to enter animation sector
NETGURU India has lined up major plans to enter the animation industry, a strategy that was flagged off on Friday through the launch of an animated series in Bengali based on the Panchatantra tales. The company, a division of the Nasdaq-listed ... More

INTERNET


If URNot2Old, read this
A day after the New Year, my friend stands outside my window and draws three letters on the glass and I sit clueless, expecting him to complete possibly a four-letter word. Looking at my dumb expression, he opens the door to say HNY and I still ... More

MERGERS & ACQUISITIONS


Spectramind, now 100% Wipro arm
BANGALORE: HDFC has informed the Bombay Stock Exchange that it had divested its entire stake in Spectramind to Wipro for Rs 26.4 crore ($ 5.5million). With the acquisition of the remaining 8 percent outstanding equity shares ... More

ALLIANCES & JOINT VENTURES


netGuru arm, Consulting Engg in pact
KOLKATA: Research Engineers, a 100 per cent subsidiary of netGuru, has joined hands with the Delhi-based Consulting Engineering Services to offer IT-enabled services to clients. The strategic alliance has been proposed to popularise ... More

OFF-SHORE DEVELOPMENT


Click2Learn to pump $2 m into development centre
CLICK2LEARN, the US-based industry leader in e-learning enterprise software, has announced commencement of its product development centre in Hyderabad. The company also announced its plans to invest $2 million in India operations by December ... More

INTERVIEW


TCS to invest in people and tech: CEO
OF late, there have been frequent media reports on the much-awaited IPO plans of Tata Consultancy Services (TCS). So far, the company's Chief Executive, Mr S. Ramadorai, and most of his senior colleagues have been non-committal on the IPO and ... More

BROADBAND


Sify firms up lease deal for bandwidth
SATYAM Infoway (Sify) has finally firmed up its proposal to lease international bandwidth capacity from Network i2i, a 50:50 joint venture between Bharti and SingTel which has put in place a 8.6 terabit undersea cable network linking Chennai to ... More

ISPS


ITXC to carry outbound VSNL traffic soon
ITXC Corporation, a Voice over Internet Protocol (VoIP)-based global wholesale voice carrier, expects to start carrying Videsh Sanchar Nigam Ltd's (VSNL) outbound traffic soon. The company is also expanding its partnerships in India and is in ... More

IT-ENABLED SERVICES


Goldstone Tele to expand BPO operations
THE Hyderabad-based Goldstone Teleservices Ltd has drawn up plans to ramp up the 200-seater call centre capacity to a 1,000-seater facility over the next 18 months. The board of directors of the company, which met here, has approved the ... More

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