Financial Daily from THE HINDU group of publications
Saturday, May 27, 2006
Markets (May 26)
BSE Sensex10809.35(+143.03)
S&P CNX Nifty3209.60 (+31.90)
US Dollar (Buy/Sell)45.87 (+0.13)


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TELECOMMUNICATIONS
Idea announces 12-city Indian musical concert
Idea Cellular, in association with IMA (Indian Music Academy), today announced Jalsa, a 12-city Indian musical concert starting with Hyderabad, while launching Idea Madhur. The Idea-Jalsa concerts are aimed at providing a platform to junior ... More

VSNL long distance calling cards illegal, rules TDSAT
VSNL sees no impact on its finances More

Football World Cup on Airtel
Airtel announced the launch of a host of services for the football World Cup 2006. The services will enable all Airtel mobile users to access and follow the Cup. The latest team news, fixtures, listings, halftime and fulltime ... More

FLAG Tele wins arbitration case against VSNL
Financial impact of award on VSNL not clear as of now More

SOFTWARE
SunGard's second facility
SunGard Offshore Services has inaugurated its second facility in Bangalore. The firm is a subsidiary of US-based SunGard, a provider of software and processing solutions for financial services, higher education and the public ... More

Cambridge Tech plans Rs 35-cr IPO
Cambridge Technology Enterprises Ltd, a Hyderabad-based IT services provider, is poised to enter the capital market with its maiden issue to meet its expansion plans. The CFO, Mr Ramesh Reddy, said Cambridge, a SEI CMM Level 5 process company, ... More

`Top 3 Indian services cos way ahead of global peers'
Global majors wary of threat, says BCG More

HUMAN RESOURCES
Virtusa campus recruitment
Virtusa Corporation, a US-based provider of software development and IT services, is ramping up its India operations in Chennai and Hyderabad through campus recruitment. It expects to screen more than 3,000 students from over 200 ... More

MERGERS & ACQUISITIONS
MphasiS chief to sell 18.75 lakh shares to EDS
MphasiS BFL Chairman and Managing Director, Mr Jaithirth Rao, has offered to sell 18.75 lakh shares to EDS through the open offer. With his offer, Mr Rao's holding in MphasiS would get reduced to 2.8 per cent from the current 3.97 per cent. Mr ... More

ALLIANCES & JOINT VENTURES
Malaysian co partners Sierra
Sierra Atlantic, technology solutions provider, has announced it will be rolling out an Oracle ERP (enterprise resource planning) implementation for Toray Industries, a manufacturer of plastics, fibre and resin compounds in ... More

BROADBAND
BSNL concern over unbundling of copper network
Sub-group report likely by May 30 More






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