Financial Daily from THE HINDU group of publications
Wednesday, October 01, 2003
Markets (Sept. 30)
BL 2501596.84 (+15.02)
BSE Sensex4453.24 (+51.19)
S&P CNX Nifty1417.10 (+17.15)
Gold Std (10 gm)5790 (+50)


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OUTSOURCING


Nirvana sets up BPO unit; gets $6 m more funding
NIRVANA Business Solutions has set up a 300-people business process outsourcing operation in Bangalore and announced that it has received additional funding commitments for $6 million from the existing and new investors. According to Raj ... More

AWARDS & HONOURS


AP bags IT awards
The Rural e-Seva project of Andhra Pradesh came in for particular appreciation at the CSI National IT Awards for 2002-03 held here. While Hyderabad claimed three awards, Pune bagged four, Bangalore and Haryana won one award each. Winning the ... More

TELECOMMUNICATIONS


ITI in pact with ZTE for CDMA technology
INDIAN Telephone Industries (ITI) has signed a technology transfer agreement with ZTE of China for making CDMA (code division multiple access) equipment. Addressing shareholders at the 53rd annual general meeting, ITI's Chairman and Managing ... More

Kyocera opens arm in Bangalore
LEADING manufacturer of CDMA phones, Kyocera Wireless Corp has set up an Indian subsidiary Kyocera Wireless India (KWI) here, investing close to a million dollars. KWI expects to contribute to the product and technology roadmap of the parent ... More

STOCKS


Telecom biz rings right note for RIL
THE Reliance Industries stock was behind the upward climb of the Sensex on Tuesday as the counter created its new 52-week high on institutional buying. The stock improved by 2.2 per cent and garnered 34.1 lakh (26.36 lakh) shares on the Bombay ... More

HARDWARE


HP to up brand promo in India
COMPUTING giant, Hewlett-Packard, on Tuesday said it would invest $ 100 million in Asia-Pacific to enhance its brand equity, a strategy that would see the company investing more in retail infrastructure in India. Announcing the ... More

FOREIGN DIRECT INVESTMENT


Waiting for signals
It's time the Government gave the nod for hiking foreign direct investment in telecom. More

ALLIANCES & JOINT VENTURES


eBrahma, Navision tie up
COIMBATORE: The Coimbatore-based IT services company, eBrahma Technologies Pvt Ltd, has tied up with Navision India as sales and implementation partner. Navision is a provider of enterprise business solutions for the small and medium ... More

ISPS


RoltaNet unveils new packages in Mumbai
FREE night-surfing hours and unlimited usage are some of the options available to customers with the new dial-up Internet access packages announced by RoltaNet, an Internet service provider in the city. According to an official statement, the ... More

PEOPLE


Karnataka IT Secy seeks voluntary retirement
AMIDST strong speculation of his joining one of the leading multinational IT companies or launching his own business in BPO, the Karnataka Secretary for Information Technology and Bio-Technology, Mr Vivek Kulkarni, has sought voluntary retirement ... More

NEW PRODUCTS & SERVICES


MRO-Tek launches Ethernet device
MRO-TEK, last mile access and network solution provider, on Tuesday launched FCAT-M, an Ethernet over fibre access device, claiming that it would contribute 20 to 25 per cent to the company's growth. The new product has been designed and produced ... More

Sun unveils network computing products
SUN Microsystems on Tuesday announced the Sun Java System in India, which it claimed to be a radical approach for reducing costs and complexity from network computing. Details of two product lines of Sun Java System — the Sun Java ... More


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Karnataka IT Secy seeks voluntary retirement


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