INFO-TECH
ESOPS
Sweat equity, an overview
NOW that Mr Mukesh Ambani has decided to renounce his 12 per cent sweat equity or 50 crore shares in Reliance Infocomm, valued at Rs 5,000 crore, the concept of `sweat equity' has come into focus. The phrase `sweat equity' refers to equity ...
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TELECOMMUNICATIONS
DoT asks Reliance to pay Rs 150 crore penalty immediately
THE Department of Telecom (DoT) has slapped a Rs 150- crore penalty on Reliance Infocomm for violating international long distance licence norms by routing incoming international calls as local ones. The illegal routing has also resulted in ...
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`Mobile networks need not monitor voice, data flow' 151 Govt has to tighten, update cyber laws: Mittal
BHARTI Enterprises Chairman and Managing Director, Mr Sunil Mittal, today came out against monitoring of voice and other data flowing through telecom networks and called for better societal discipline, mobile etiquette and up-to-date cyber laws. ...
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STOCKS
Surana Tele MD, others sell 6.13% stake
THE Managing Director of Surana Telecom Ltd, Mr Narender Surana, on behalf of persons acting in concert, sold 693,218 equity shares aggregating 6.13 per cent of the company's share capital from November 24 to December 22, through open market ...
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SOFTWARE
Aspire plans to raise headcount to 550
THE Chennai-based Aspire Systems India Ltd plans to ramp up its headcount to about 550 professionals by March 2006, while investing in a new facility that will have a seating capacity for 1,200 professionals. "At present, we have 150 people in ...
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TiE Global ready to support IT development in Bengal
TIE Global has pledged its support for the development of the IT sector in West Bengal. At a panel discussion called `Riding the Upswing', organised on Thursday by TiE Kolkata, visiting members of TiE Global city praised the efforts of the West ...
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New TBMS version planned
THIRUVANANTHAPURAM: The city-based SunTec Business Solutions Pvt Ltd has announced that it will launch a new version of its product Transaction Business Management Solution (TBMS) in the first quarter of 2005. The product, TBMS 3.3, will ...
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Warangal NIT students bag Programme Marathon
HYDERABAD: Sierra Atlantic has announced NIT, Warangal students as the winners of the final round of their Programmers Marathon, a twelve-hour long, live software coding challenge for engineering students. Students from IIIT and others ...
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K9 Tech signs pact
MERGERS & ACQUISITIONS
Avicis buy gives Spheris huge India advantage
Spheris, a major medical transcription outsource provider in the US, did not have any earlier presence in India.
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ALLIANCES & JOINT VENTURES
TVS-E in service pact with Huawei
TVS Electronics Ltd (TVS-E) has announced its entry into the telecom product support sector through its tie-up with $4-billion Chinese telecom major Huawei. "We believe that this association has the potential to evolve and in the long-term, we ...
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VENTURE CAPITAL
Cargill Ventures invests in OPI
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