Financial Daily from THE HINDU group of publications
Thursday, September 29, 2005
Markets (Sept 28)
BL 2502441.60 (+29.49)
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US Dollar (Buy/Sell)44.02/44.15
Gold Std (10 gm)6650 (-15)


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INFO-TECH

OUTSOURCING


Tata Teleservices inks Rs 1,000-cr outsourcing deal with TCS
The scope of the engagement includes management of all IT-related activities including implementation, application development and maintenance as well as change management across the enterprise. More

AWARDS & HONOURS


CSIR jubilee award for Midas Tech
The Prime Minister, Dr Manmohan Singh, presenting the CSIR Diamond Jubilee Technology Award 2004 to Mr Sirish Purohit, CEO and Co founder, Midas Communication, in the Capital on Wednesday. ... More

TELECOMMUNICATIONS


Indian Rayon stake in Idea Cellular rises to 20.74 pc
INDIAN Rayon said on Wednesday that it has acquired 371.8 million equity shares in Idea Cellular for $150 million from Cingular Wireless of the US. This represents 16.45 per cent of Idea's paid-up equity. Earlier, the Tatas and the A.V. Birla ... More

Tata Indicom launches new service in Mangalore
TATA Indicom launched its second `True Value Hub' and a mobile showroom - `Service on the move' — in Mangalore on Wednesday. Inaugurating these facilities, Mr Prabhat Pani, Chief Operating Officer of Tata Teleservices (Karnataka and ... More

Hutch offers full talk-time, low cost recharge cards
CELLULAR service provider Hutch today announced recharge coupons for its pre-paid card users for Rs 10 with talk-time worth the full amount. The coupon called Chota Recharge-Puri Baat ranges from Rs 10 to Rs 198 and offers talk-time ... More

Hutch to launch services in Andamans
HUTCH will launch its cellular operations in the Andaman and Nicobar Islands in the current fiscal. The islands are part of the West Bengal Telecom Circle, wherein Hutch is among the telecom players who have bagged the licence to operate cellular ... More

Tata Tele, Reliance connectivity
KOCHI: Tata Teleservices Ltd and Reliance Infocomm jointly announced that the connectivity between both the firms has now been established. Now Tata Indicom customers can enjoy the connectivity with Reliance customers and vice-versa across ... More

HARDWARE


Robust demand for used PCs: Gartner
Gartner analysts estimate 36 per cent of secondary PCs or 55 million PCs, were dedicated to re-use. More

SOFTWARE


Goa offers single window clearance for IT projects
GOA'S new information technology (IT) policy cleared by the State Cabinet on Tuesday has promised a single window clearance on-line for investment projects and cut-down on `Inspector Raj'. The State Government has expressed its plans to set up ... More

Infosys mulls entry into Kolkata
The Chairman and Chief Mentor of Infosys Ltd, Mr N.R. Narayana Murthy, on Wednesday met the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and the West Bengal Minister for Information Technology, Mr Manabendra Mukherjee, during a visit ... More

InterSystems plans joint venture for expansion
INTERSYSTEMS Corporation, technology solutions provider, is in the process of expanding its presence in India and building a network of developers and independent software vendors (ISVs). It plans to expand its presence in India through a ... More

Ramco Systems bags Mohan Clothing deal
RAMCO Systems has won an order from Mohan Clothing Company Ltd, known for the Blackberrys brand in the men's apparel industry. Blackberrys would be implementing the discrete production suite of Ramco e.Applications including sales, finance, ... More

Ocimum Biosolutions to take part in GeneClip programme
OCIMUM Biosolutions, a life sciences research and development (R&D)company, will participate in the Affymetrix GeneChip-compatible applications programme. The programme, driven by Affymetrix, a US-based player in GeneChip micro-arrays, ... More

Tesco software to reduce cash counter queues
TESCO Hindustan Service Centre (HSC), the global services arm of international retail major, Tesco, is all set to launch a series of high-end back-office solutions to step up the efficiency of its parent company. Among the recent rollouts are ... More

IBS Soft to open 2nd centre
KOCHI: IBS Software Services, a multinational IT corporation providing solutions to the global travel transportation and logistics industries, has announced its plans to hold a formal inauguration of its second software development centre ... More

MERGERS & ACQUISITIONS


Kemoil sheds some stake in California Software
KEMOIL Ltd, Hong Kong, foreign collaborator of the California Software Ltd (Calsoft), has sold 2.70 lakh equity shares (5.48 per cent of equity) of Calsoft in the open market. Following the transaction that happened last week , Kemoil's ... More

EVENTS


Over 300 cos may take part in BangaloreIT.in
OVER 300 companies are expected to participate in BangaloreIT.in 2005, the technology event that begins on October 26, according to the officials of the Karnataka Government and the Software Technology Parks of India (STPI). "While 115 ... More

VENTURE CAPITAL


Roamware raises $14 m for expansion
ROAMWARE Inc., a roaming solution provider for mobile communications, has announced it has raised $14 million. The funds will be used to enhance product line and strengthen global operations to support demand for mobile roaming products. The ... More



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Sep. 18-Sep. 24
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