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Friday, June 11, 2004

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INFO-TECH

TELECOMMUNICATIONS
IDEA completes Escotel buy
IDEA Cellular on Thursday announced the completion of its acquisition of Escotel Mobile Communications Ltd. The company has acquired hundred per cent shares from Escotel's promoters - Escorts Telecommunications Ltd and First Pacific. With ... More

Maharashtra circle of Tata Indicom shifts to new numbering
TATA Indicom will shift to ten-digit numbering under the Telecom Regulatory Authority of India's (TRAI) Universal Access Licence regulation. According to a company release, the number change will be implemented in Maharashtra circle from Thursday ... More

INSIGHT
Local loop unbundling: A new dimension in telecom competition
THE Telecom Regulatory Authority of India (TRAI) has to be commended for releasing a comprehensive set of recommendations on April 29 addressing various issues for accelerating the growth of broadband and high-speed ... More

SOFTWARE
HR solution: TCS gets PNB mandate
SOFTWARE major Tata Conultancy Services has been mandated by Punjab National Bank to implement PeopleSoft's HR and payroll solutions for the bank. The implementation of PeopleSoft human capital management (HCM) solutions across PNB's over ... More

Pinnacle Info is now Accurum
THE US-based Pinnacle Info Solutions, which has been `rebranded' Accurum Inc, will increase its headcount in India to about 1,500 in the next four to five years from the present 175. The company provides technology solution to global capital ... More

Wipro facility soon in Kerala
THE information technology industry in Kerala is set to receive a boost with Wipro Ltd reported to be on the verge of starting operations in the State with a facility at the Infopark in Kochi. The company will initially operate out of leased ... More

Mistral Software new tool
BANGALORE: Mistral Software, a player in real-time embedded and telecom solutions, has announced the availability of the accelerator programme for the Windows CE operating system. Windows CE is gaining popularity in the embedded market, ... More

HUMAN RESOURCES
Indian IT salaries among lowest in world: Study
THE IT industry may be among India's top paymasters, but salaries for IT professionals in India are among the lowest in the world, according to a report released earlier this week by Mercer Human Resources Consulting. The highest salaries in ... More

MeritTrac, WEBEL Info in pact
BANGALORE: MeritTrac, a pioneer in the competence assessment and pre-recruitment processing space, has signed a definitive agreement with WEBEL Informatics Ltd (a Government of West Bengal undertaking) to be the assessment partner for ... More

SECURITY
Nasscom sees security as USP
Nasscom plans to work with the Indian Government in tightening loopholes in legislation and in getting Indian laws closer in complexion with those in the US and Europe. More

BROADBAND
Atlas outfit ties up with BSNL for broadband services
ATLAS Interactive India Pvt Ltd, a subsidiary of the $300 million (around Rs 1,348 crore) Atlas Group, has entered into an agreement with Bharat Sanchar Nigam Ltd (BSNL) to provide entertainment services over broadband. These include ... More

IPOS
TCS files draft prospectus for IPO — 5.5 crore shares on offer; face value at Re 1; provision of greenshoe option
TATA Consultancy Services (TCS) has finally filed its draft prospectus for initial public offer (IPO) with the Securities and Exchange Board of India (SEBI). The red herring prospectus was submitted to the market regulator late Thursday ... More

May spur shuffle in other IT stocks
WHAT happens when India's largest information technology company goes public? According to some, the Tata Consultancy Services' (TCS) initial public offer of equity would start a major portfolio reshuffle by investors. "It would obviously lead ... More

IHCL intends to divest TCS shares
THE Indian Hotels Company Ltd (IHCL) intends to divest up to two lakh equity shares of Re 1 held by it in Tata Consultancy Services (TCS) Ltd as part of the proposed initial public offering of equity shares of TCS Ltd. According to a notice ... More




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