Financial Daily from THE HINDU group of publications
Wednesday, July 20, 2005
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OUTSOURCING


BPO sector needs image boost: Karnik
Nasscom, AICTE in pack for skills upgradation

THERE is a need to boost the image of BPO (business process outsourcing) industry which has been tainted in the recent past, according to Mr Kiran Karnik, President, National Association of Software and Service Companies (Nasscom). "We need to ... More

MphasiS sets up BPO at Noida
THE MphasiS BFL Group has set up a 1,000 seat BPO centre at Noida and is expected to start operating from September. MphasiS has BPO facilities in Bangalore, Mangalore, Pune and Tijuana (Mexico). According to Mr Jerry Rao, Chairman and CEO, ... More

TELECOMMUNICATIONS


VSNL ties up with Thomson, targets Indian media, entertainment industry
VIDESH Sanchar Nigam Ltd has entered into a strategic agreement with France-based Thomson to bring solutions to its media and entertainment customers. And for Thomson, this is in line with its two-year plan to grow revenues by Euro 1.5 to Euro ... More

Good response to Airtel promos in Mangalore
AIRTEL has launched `Proud in Crowd' promotions at movie theatres and ice cream parlours in Mangalore A company release said here on Tuesday that the `Proud in Crowd' promotion, which was launched in Bangalore in February, has earned tremendous ... More

FINANCIAL PERFORMANCE


Sify Q1 net loss at $2.26 m
SIFY Ltd has reported increased net loss of $2.26 million on revenue of $23.47 million for the quarter ended June 30, 2005 compared with a net loss of $1.26 million on revenue of $17.88 million for corresponding quarter last year. The net loss ... More

Flextronics net falls on Hughes effect
DECLINE in business from Hughes Network Systems and less-than-expected performance in the BPO segment took a toll on the first quarter result of Flextronics Software Systems (FSS). It reported a 0.4-per cent decline in its consolidated net ... More

Virinchi June quarter net up
HYDERABAD: Virinchi Technologies Ltd recorded total income of Rs 6.04 crore and net profit of Rs 1.95 crore for the quarter ended June 30, 2005 against total income of Rs 2.41 crore and a net profit of Rs 0.80 crore for the corresponding ... More

SOFTWARE


TCS to expand board, plans Rs 950-cr capex
TATA Consultancy Services is in the process of expanding its Board of Directors, said Mr S Ramadorai, CEO and Managing Director of the company, at its Annual General meeting here, on Tuesday. Currently, TCS has four directors on its Board, Mr. ... More

Polaris software for Taiwan bank
POLARIS Software Lab has entered into an agreement with Polaris Financial Group of Taiwan to provide banking software to Bank of Overseas Chinese, a member of the group. Announcing the agreement at a news conference, Mr Arun Jain, Chairman, ... More

US thermal products firm readying for foray
THE US-based Degree Controls Inc, which is a provider of thermal and airflow management products and services, is preparing to enter the Indian market. Besides its portfolio of thermal management products, and sensors and instruments to measure ... More

HUMAN RESOURCES


More jobs likely in India: HP
THOUGH HP officials were not clear on the possible impact of the company's restructuring plans on its Indian operations, industry observers here believe that the latest cost saving effort by the technology giant may lead to more job creation in ... More

MERGERS & ACQUISITIONS


Hutch all set to acquire BPL Mobile
HUTCHISON is said to be in talks to acquire BPL Mobile. A decision on the deal is expected in a day or two, according to sources close to the negotiations. It is stated that the board of directors of BPL Mobile, which has operations in four ... More

ALLIANCES & JOINT VENTURES


BSNL ends tie-up with VSNL for international long distance calls — Floats global tender for setting up own network
BHARAT Sanchar Nigam Ltd has finally decided to end the tie-up with the Tata-managed Videsh Sanchar Nigam Ltd for carrying its international long distance (ILD) calls and has floated a multi-million-dollar global tender to set up its own network. ... More

Cognizant in pact with US co for RFID centre
Cognizant Technology Solutions is partnering with US Cold Storage, a cold storage and frozen food logistics provider, to build an RFID (radio frequency identification) solution centre in Dallas, US. The centre will implement and manage RFID ... More

PEOPLE


Infosys global sales head Pradhan quits
THE worldwide sales head of Infosys Technologies, Mr Basab Pradhan, has quit to start his own venture. Infosys officials confirmed Mr Pradhan's resignation on Tuesday and said that he would be transitioning out of Infosys over the next few ... More


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