Financial Daily from THE HINDU group of publications
Friday, June 13, 2003
Markets (June 12)
BL 2501205.06 (+14.64)
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ANNOUNCEMENTS


Pentamedia Graphics' GDR allotment
CHENNAI: The Chennai-based Pentamedia Graphics Ltd has informed the Bombay Stock Exchange that the company's board of directors at a meeting held on Thursday has approved allotment of 75 million GDRs (global depository receipts) ... More

OUTSOURCING


Beware fly-by-night players, Govt warns BPO sector
THE Indian ITES-BPO industry must guard against fly-by-night operators who could undercut prices affecting the industry, said Mr Rajeev Ratan Shah, Secretary, Dept of Communication and IT. Indian companies could not rest on their laurels but ... More

HCL plans to tap Singapore markets
With call centres in Noida, Chennai, Malaysia and Ireland, the company is looking to service customers from various regions. More

Karnataka bid to boost BPO sector
ONLY by maintaining pre-eminence in manpower can Indian ITES-BPO providers compete in the international market said Mr Vivek Kulkarni, IT Secretary, Government of Karnataka. He was speaking at the Nasscom ITES-BPO Strategy Summit here today. ... More

Mauritius woos investment
MAURITIUS, the new offshore IT destination, is wooing Indian investments in the IT and ITES space. Mauritius offers ideal opportunity for Indian business process outsourcing (BPO) companies that are planning to diversify into the French market ... More

24/7 Customer bags $30-m deal
CALL centre firm 24/7 Customer has recently closed a $30 million outsourcing deal with a major European insurance firm. Declining to name the customer, Mr P.V.Kannan, CEO of 24/7 Customer, said the deal included voice operations, transaction ... More

TELECOMMUNICATIONS


BSNL yet to separate accounts
IN what could be considered a violation of the guidelines issued by the Telecom Regulatory Authority of India (TRAI) regarding separation of accounts, telecom behemoth Bharat Sanchar Nigam Ltd (BSNL) continues to have just one consolidated ... More

Mobile phone subscriber base rising
AFTER four months of subdued growth, the cellular subscriber base appears to be on the upswing again, with as many as 8.47 lakh additions in May as against 6.47 lakh in the previous month. The total subscriber base in the country has now ... More

COURTS/LEGAL ISSUES


Data protection law in winter session: Govt
THE Government plans to enact a law on data protection, that is expected to benefit the country's information technology sector, the Union IT and Communications Secretary, Mr Rajeeva Ratan Shah, said here today. Inaugurating the Nasscom ... More

SOFTWARE


Covansys tool for Montana State
BANGALORE: Covansys Corporation, global consulting and technology services company, has launched its new unemployment insurance (UI) framework solution called eTABS (Enterprise Tax and Benefits Solution) at the National Association of ... More

Escorts adopts Oracle suite
NEW DELHI: Oracle India Private Ltd, a wholly owned subsidiary of Oracle Corporation, has announced that Escorts Ltd, a major player in the tractor industry, has successfully implemented the Oracle E-business suite. Escorts recently ... More

MERGERS & ACQUISITIONS


`M&A order of the day in IT sector'
CONSOLIDATION is taking place in the IT sector and mergers and acquisitions are the order of the day, Mr Madhukar Rajgopal, Solutions Director, Oracle Corporation, Asia-Pacific Division, has said. Based at Singapore, Mr Rajagopal came here to ... More

ALLIANCES & JOINT VENTURES


Dishnet, Bharti Telesonic in pact
CHENNAI: DishnetDSL Ltd has entered into an "Indefeasible right to use agreement'' with Bharti Telesonic Ltd to contract STM (synchronous transporter module) 4 (622 Mbps) - a networking device - capacity on Bharti Telesonic's ... More

E-COMMERCE & E-BUSINESS


SQL bags M.P. e-agri market project
NEW DELHI: SQL Star International Ltd has informed the BSE that the company has bagged an "e-agricultural marketing" project on a build-Own-Operate (BOO) basis, worth Rs 80 crore from the Madhya Pradesh Agricultural Marketing Board. ... More

E-GOVERNANCE


Oracle e-governance centre
KOLKATA: As part of its endeavour to take part in the e-Governance initiatives at the Centre and the States, Oracle India Pvt. Ltd has firmed up plans to set up an `e-Governance Centre of Excellence' in association with Hewlett-Packard ... More

EVENTS


`Data management more vital'
ISSUES such as data security, privacy, protection and disaster management are crucial aspects for Indian BPOs rather than qualms about the backlash in the US, according to Mr Kevin M. Campbell, President and Chief Operating Officer, Exult Inc. ... More

IT-ENABLED SERVICES


`ITES sector must tap new service lines'
THE ITES-BPO sector is set to grow at 50 per cent year-on-year for the next five years, according to Mr Som Mittal, Chairman, Nasscom, (National Association of Software and Service Companies), and CEO and President, Digital Globalsoft. "We are ... More

NEW PRODUCTS & SERVICES


Bharti begins global data services via i2i
THE Bharti group has announced the launch of its international data services using the Network i2i submarine cable as the primary infrastructure backbone. The services, launched by the broadband and data division, comes close on the heels of ... More

D-Link unveils WAN products
CHENNAI: D-Link (India) Ltd has launched a new range of high-end networking products for enterprises and carrier class customers. Addressing reporters here on Thursday, Mr Prabodh Vyas, Director-Sales, D-Link (India) Ltd, said with ... More


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