Financial Daily from THE HINDU group of publications
Wednesday, September 03, 2003
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TELECOMMUNICATIONS


Cabinet clears package for BSNL — Licence fee, spectrum charges worth Rs 2,500 cr waived
IN what should bring temporary relief to telecom behemoth Bharat Sanchar Nigam Ltd (BSNL), the Union Cabinet has approved a proposal to waive its licence fee and spectrum charges amounting to Rs 2,500 crore for this fiscal and extend the ... More

VSNL to focus on new biz models
GROWING competition and falling revenue from the existing business have prompted Videsh Sanchar Nigam Ltd (VSNL) to work out new business models, Mr Ratan Tata, Chairman of VSNL, told shareholders today. Mr Tata said the company would have to ... More

TRAI move on unified licence draws COAI ire
THE Cellular Operators Association of India (COAI) has hit out against the Telecom Regulatory Authority of India's (TRAI) Consultation Paper on Unified Licensing. In a statement, COAI said that TRAI's exercise revealed its `predetermined ... More

Mobile Mantra has SMS tool for schools
The Mobile Mantra application is also capable of fetching vital information from school through a simple SMS. More

Tata Tele launches services in Pondy
TATA Teleservices Ltd launched its basic telephony services in Pondicherry on Monday, according to a press release from the company. Pondicherry is the sixth largest market for the company in terms of telecom population. Apart from Chennai, ... More

INSIGHT


All teeth, & some bite too?
Hailed as technology that would unleash killer applications, Bluetooth has had its share of troubles. Today, some IT players think it is headed for exciting times, while others aren't sure. eWorld tracks the scene. More

EDUCATION


Direcway plans fifth studio
THE Direcway Global Education, a broadband satellite-based education network of Hughes Escorts Communication Ltd, is set to expand operations by commissioning its fifth studio in the country at Mumbai. It has also teamed up with Cornell ... More

SOFTWARE


Philips to expand scope of Bangalore centre
ELECTRONICS giant Philips is planning to ramp up its captive software operations in India by doubling its headcount over the next few years. The company expects to add about 1,000 professionals to its existing staff strength of close to 1,000 ... More

BillDesk upbeat; sees break-even next year
THE market for e-payment solutions is warming up. BillDesk is strategically positioned to address the growing acceptance of e-payment model in the Indian banking sector. Founded in 1999, BillDesk has 11 major banks in its fold including State ... More

INTERNET


Dating portal sees rise in traffic
``I AM really cute," says the self-authored dating advertisement of Natasha (name changed), aged 24, on MSN Match.com India, a dating portal. An avid lover of music, dance, cinema and pubs, the Chennai-based girl is looking for a ... More

HUMAN RESOURCES


`Inter-disciplinary opportunities in IT field for engineers'
IF a couple of years back, engineers in any discipline, be it mechanical, civil, chemical, metallurgy, electronics, instrumentation, etc., ended up doing the same job in IT companies, there are newer, niche and interdisciplinary opportunities ... More

E-MAIL


Look out for mischief
It's time e-mail users got more wise to ways of securing their system from virus attacks. More

VENTURE CAPITAL


UTI Venture Fund mulls exit from MosChip, Divi's
UTI Venture Funds, the private equity arm of UTI, is mulling an exit from chip design company, MosChip Semiconductors, and Divi's Laboratories by April next year, according to the CEO, Mr Raja Kumar. UTI, which had invested $1.2 million in ... More

UTI Venture picks up stake in 2 Chennai IT firms
UTI Venture Funds, the venture capital arm of Unit Trust of India (UTI) and TDA Capital Partners have invested $2.3 million for a minority stake in Chennai-based Rev IT Systems Pvt Ltd and its subsidiary Sherpa Business Solutions, a healthcare ... More

Secova gets Rs 7.2 cr from IIML
SECOVA eServices, a start-up company that is targeting the business process outsourcing in the human resources space, has received an investment of Rs 7.2 crore from IL&FS Investment Managers Ltd (IIML). The company is to use the funds to set ... More

TRENDS


Still in warm-up phase
Mergers and acquisitions are still a hot topic for debate rather than a significant component of business strategy for IT firms. More
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