The Hindu Business Line : Friday, July 04, 2003

HP plans $20 m for captive unit
COMPUTER maker Hewlett Packard plans to invest $20 million this year in its India captive software unit, even as the services division of that unit would be merged with subsidiary Digital GlobalSoft Ltd. This fresh investment seeks to bolster ... More

ANNOUNCEMENTS

Infosys Q1 results on July 10

OUTSOURCING

US cos prefer outsourcing to Indian vendors
The reasons that hold back companies from offshoring to low-cost destinations like India are fear of losing control, differing corporate cultures and geo-political risks. More

Satyam to extend consulting services for outsourcing
SATYAM Computer Services Ltd, the end-to-end software services provider, has drawn up plans to leverage its quality enhancement practice to offer consulting services for both software and IT outsourced service providers in the global ... More

TELECOMMUNICATIONS

France Telecom may disconnect from India
For the time being, it continues to hold on to its minority stake (26 per cent) in BPL Mobile, which offers cellular services in the Mumbai circle. More

Escotel customer base

INSIGHT

BPO and new protectionism
Though the workers in developed countries were concerned about the export of low-skilled manufacturing jobs, it was taken as an inevitable consequence of free trade. The trouble started with Indian software professionals going to the US and Europe o n a massive scale. There were few complaints till the US economy was booming. With the dotcom bust they are becoming louder, says Alok Ray. More

SOFTWARE

Infosys to deploy FinacleTM suite for Saudi Arabian bank
INFOSYS Technologies Ltd has announced that National Commercial Bank, Saudi Arabia, has selected FinacleTM suite of banking solutions for its delivery channels initiative. Infosys would be deploying FinacleTM eChannels (its powerful consumer ... More

Accel ICIM in talks for funds
ACCEL ICIM Systems and Services Ltd today said that it is in talks with investors for roping in funds, from private equity, totalling between $5 million and $10 million. As part of its restructuring operations, it has also set up a business ... More

Citrix MetaFrame for Special Olympics
ACCESS Infrastructure solutions provider - Citrix Systems Inc, has deployed the Citrix MetaFrame XP Presentation Server to provide on-demand access to a variety of applications at the 170 locations across Ireland, where the prestigious ... More

Satyam pegs $40-m spend for next fiscal
WHILE projecting an increasing trend towards fixed price contracts in the foreseeable future, the NYSE-listed Satyam Computer Services Ltd, has anticipated a capital expenditure of about $40 million during the fiscal 2004 to finance construction ... More

IT TRAINING

Keltron offers IT training to shore up bottomline
The company is also examining the possibility of tying with major colleges in the State for offering `campus training'. More

Heromindmine to offer ITES training
HEROMINDMINE, part of the Rs 8,500-crore diversified Hero group, and specialising in training for ITES sector has announced it has entered into an agreement with the Andhra Pradesh State Council for Higher Education to train the recently selected ... More

MERGERS & ACQUISITIONS

Perot Systems to pay $10 m for Vision Healthsource
THE US-based Perot Systems, one of the companies founded by the American tycoon, Mr Ross Perot, will pay $10 million (approximately Rs 50 crore) for acquiring Vision Healthsource, a BPO company based in Chennai. Perot Systems will pay $3 ... More

ALLIANCES & JOINT VENTURES

ITPL to expand infrastructure
INFORMATION Technology Park Ltd (ITPL), the joint venture between the Tata Group, Singapore-based consortium Ascendas and Karnataka Government is planning to expand its infrastructure by adding one more block this year even as it plans to offer ... More

HCL Tech in pact with Magma

PERFORMANCE

Auditors qualify MosChip accounts
THE audited financial accounts of MosChip Semiconductor Technology Ltd for the fiscal ended March 31, 2003, which were taken on record by the MosChip board here on Monday, were qualified by the company's statutory auditors. On a turnover of Rs ... More

PEOPLE

i-flex CMD listed among tech crash survivors
MR RAJESH Hukku, Chairman and Managing Director of i-flex Solutions, which makes software for banking and financial services sector, has been recognised by Time magazine as one of the tech leaders who have survived the technology crash. ... More

TRENDS

'Scope not bright for software exports to EU'
WHILE the future of the Indian software sector seems bright, lack of proper implementation of the GATS provisions and inadequate liberalisation in Mode 4 may dampen prospects in this sector, according to a status paper on problems encountered by ... More

NEW PRODUCTS & SERVICES

Motorola unveils two-way radio

E-trading product from Omnesys

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