The Hindu Business Line : Wednesday, October 15, 2003

Idea Cellular nearing financial closure — Rs 2,000-crore syndicated loan fully arranged
IDEA Cellular, the three-way joint venture between the AV Birla, Tata and AT&T groups, has nearly achieved financial closure, with the company at the finishing line to closing its debt restructuring exercise. Long-term syndicated debt of nearly ... More

AirTel ties up with Motorola
AIRTEL, the Bharti group mobile service, on Tuesday announced the launch of "Festival of Freedom", providing customers with the choice to own a mobile from a range of latest international handsets with AirTel post-paid connection, starting from ... More

Hinduja TMT weighing options on Fascel stake
MUMBAI: HINDUJA TMT is evaluating the option of "either consolidating its holding in Fascel Ltd with other Hutchison Telecom's circle or selling its stake in Fascel," said a notice sent by the company to the stock exchanges. HTMT's ... More

Bharti constitutes mobility board
BHARTI Enterprises has announced the constitution of its mobility board. The board, headed by Mr Manoj Kohli, President, Mobility Leaders, will have six new directors. To lend greater focus to the initiative, mobility business has been divided ... More

HARDWARE

HCL Info's frontline unit revenue up 35 pc
THE frontline division of HCL Infosystems Ltd expects revenue to be about Rs 500 crore for the fiscal year ending June 2004, a 35-40 per cent increase over the last fiscal, a senior company official said. Talking to presspersons here on ... More

SOFTWARE

FMR, Fidelity pick up more Satyam shares
The overall exposure of FIIs in Satyam has now gone up to 49.5 per cent. More

INTERNET

Taking some knocks
Adobe has a fight on its hands - with regard to its portable document format or PDF. More

HUMAN RESOURCES

Sutherland plans to hire 3000 in 6 months
SUTHERLAND Technologies Ltd, a subsidiary of the US-based Sutherland Group Ltd, plans to move to India the work it does for at least a third of its global clients over the next six to 12 months. To make possible this shift, the company would ... More

EVENTS

`Banks could leverage IT for business growth'
Information technology has helped Indian banks in product innovation and differentiation along with retaining customers. However, compared to the 9 per cent of revenues invested in IT by the banking sector globally, Indian banks channelise a ... More

IPOS

Weal Info's Rs 14-cr IPO opens on October 20
WEAL Infotech Ltd, which was set up in 1999, is coming out with a public issue of 1.39 crore equity shares of Rs 10 each for cash at par aggregating Rs 13.90 crore. The issue, opening on October 20, will close on October 27. The funds ... More

VENTURE CAPITAL

Four Soft gets funding from UTI Venture, APIDC
IN a pre-IPO equity funding, Four Soft Ltd, a Hyderabad-based software company, has announced an investment of Rs 7 crore by UTI Venture Fund while Andhra Pradesh Industrial Development Corporation (APIDC) has pumped in Rs 1 crore in the ... More

IT-ENABLED SERVICES

Tracmail forms new entity to focus on IP services
WHILE most BPO outfits emphasise on providing end-to-end solutions, call center and offshore outsourcing provider Tracmail's newly formed joint venture TWS Holdings will focus on creating (intellectual property) IP-oriented services. Tracmail ... More

Karvy partners C-Bay to start MT venture
KARVY Consultants Ltd, a major transaction-processing firm, on Tuesday announced the establishment of a joint venture with C-Bay Systems, US, that has been christened C-Kar Systems Pvt Ltd to handle medical transcription services. C-Kar Systems ... More

NEW PRODUCTS & SERVICES

Sify makes Bangalore WiFi-enabled city
IF you are one among the laptop-wielding professional on the move and happen to be at certain places in Bangalore, you can now access broadband Internet without being wired. Thanks to Sify, which announced the launch of its WiFi services in ... More

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