Financial Daily from THE HINDU group of publications
Thursday, December 04, 2003
Markets (Dec. 3)
BL 2501840.59 (+13.75)
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US Dollar (Buy/Sell)45.58/45.71
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INFO-TECH

OUTSOURCING


Gartner sees 50 pc of vendors knocked out — Outsourcing to accelerate; India main gainer
THERE is some bad news for the information technology industry and for its employees. The research firm, Gartner, says vendor consolidation and accelerated job losses will last through 2005, with as many as 50 per cent of technology suppliers ... More

Convergeon opens BPO training centre
CONVERGEON, a HR solutions provider for the ITeS sector, on Wednesday announced the setting up of a training and recruitment centre in Bangalore. The 400-seat centre will cater to the high-end training needs of the city's booming BPO business, ... More

TELECOMMUNICATIONS


WLL case final hearing on Jan 13
THE Supreme Court has fixed January 13, 2004 as the date for final hearing on a petition filed by private cellular carriers against the order of the Telecom Dispute Settlement Appellate Tribunal allowing basic operators to offer limited mobility ... More

BPL Mobile to buy out AT&T in cellular venture
BPL Mobile, the holding company for BPL's cellular operations in the country, has announced that it is buying out AT&T's 49 per cent stake in BPL Mobile Cellular Ltd. Company officials, however, declined to disclose the cost of this ... More

Landline surrenders touch 2 m — No revenue loss, say BSNL, MTNL
DESPITE the best efforts of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), there seems to be no let-up in the surrender of landline connections, with close to two million subscribers having already chucked their ... More

HARDWARE


Dynalog joins hands with Xplore for rugged tablet PCs
DYNALOG (India) Ltd, an electronic components sourcing and manufacturing company for PCs, microprocessor trainer kits and add-on cards, has teamed up with Xplore Technologies to roll out rugged, tough mobile wireless computing devices including ... More

SOFTWARE


Software majors hire more, earn less
COMPANIES have been through tough times. But even as there is promise of recovery, it is becoming clear that the future won't mirror the good days of the past. Software companies now see the need for more manpower to earn what they earned with ... More

Veritas to expand Pune R&D centre
VERITAS Software Corporation, a $1.2-billion US-based software company, has announced plans to significantly expand operations at its research and development centre in India over the next year. Veritas Software's Indian facilities located at ... More

OBT Global to expand, focus on SAP tools
OBT Global, formerly Oak Brook Technologies India, has embarked on an expansion plan, which includes doubling its headcount in Hyderabad to 150 by next year, a possible new facility and reaching out its products built on SAP applications for ... More

Invensys set to invest $2.5 m in India centre
INVENSYS Plc., the 5-billion pound diversified leader in production technology, has drawn up plans to expand its India development centre (IDC) based in Hyderabad, double its headcount here and invest about $2.5 million before the end of this ... More

HUMAN RESOURCES


SAS to raise headcount at Pune centre
RETAIL investment solution and increasing the headcount at the research and development centre here seems to be the focus area for SAS Global Services (SGS), a 100 per cent subsidiary of SAS Inc. Mr Keith Collins, Senior Vice-President and ... More

Accenture plans to hire 5,700 more next year
ACCENTURE, the technology consultancy firm, plans to more than double its headcount to 10,000 in India by December 2004. Mr Martin Cole, Managing Partner for Accenture's outsourcing business, told newspersons that the company plans to add about ... More

OFF-SHORE DEVELOPMENT


SiNett Corpn sets up centre in Bangalore
SINETT Corporation, a fabless semiconductor company, on Wednesday announced the setting up of its research and development and software development centre in the city to develop SiNett chips for wireless LAN, said to become a $1-billion market by ... More

ISPS


Now, TRAI fixes tariffs for bandwidth
IN what should come as good news for the Internet Service Providers (ISPs), the Telecom Regulatory Authority of India (TRAI) has decided to regulate the bandwidth costs that are charged by the basic service operators (BSOs) by specifying new ... More

RIGHTS ISSUES


MosChip plans to raise Rs 12 cr via rights offer
MOSCHIP Semiconductor Technology Ltd, the Hyderabad-based fabless semiconductor designer, has drawn up plans to raise Rs 12 crore through a rights offer, to part-fund its working capital requirements and allotment of equity to Verasity ... More

PEOPLE


Idea Cellular CEO
MUMBAI: Idea Cellular has appointed Mr Vikram Mehmi as Chief Executive Officer of the company with effect from November 1. The board of directors announced the appointment of Mr Mehmi, who until now was not only the Chief Financial ... More
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