The Hindu Business Line : Saturday, October 18, 2003

New Hitachi storage system
MUMBAI: Hitachi Data Systems (HDS), a wholly owned subsidiary of Hitachi Ltd., has introduced the Hitachi Thunder 9580V(tm), a modular storage system. According to a company statement, the Thunder 9580V extends the application ... More

OUTSOURCING

Datamatics plans foray into Canada
FOLLOWING its recent acquisition of the US-based CorPay Solutions Inc to expand its presence in the US, Indian BPO service provider, Datamatics, now plans to foray into the Canadian market through acquisitions or setting up subsidiaries. Over ... More

TELECOMMUNICATIONS

Samsung, LG showcase 3G handset at Geneva
A SLEW of mobile handsets targeted at the third generation mobile (popularly called 3G) markets in Europe have been showcased by the substantial Asian contingent at the ITU Telecom World 2003. With three of the top five mobile handset makers ... More

DoT forms task force to release surplus defence spectrum
THE Department of Telecom (DoT) has set up a task force to work out the modalities for release of surplus spectrum locked away with the defence forces. The six-member task force, chaired by the Wireless Advisor to the Union Government, Mr P.K. ... More

Takeover will cement ties with Reliance: FLAG
RELIANCE is already an important customer for us and we carry a significant traffic around the world for them, Mr Andrew Evans, Chief Technology Officer (CTO), FLAG Telecom, told Business Line in a telephonic conversation. Hence, this agreement ... More

Tata Indicom unveils Kyocera colour mobiles
TATA Indicom, basic services and limited mobility operator, has now announced the launch of two colour handsets, with 4000-colour screen and polyphonic ringtones and flashlights from Kyocera, available for an upfront payment of Rs 999 on the ... More

BSNL Maharashtra to sell cell services in Mumbai circle
BSNL Maharashtra, which recently appointed officers exclusively for business development and is getting pretty aggressive on the ground, has a new offer round the corner arguably the first instance of one operator selling its services in a circle ... More

Cross subsidies in telecom sector to be phased out
THE cross subsidisation in the telecom sector is set to fall to about Rs 4,000 crore per annum and get completely phased out in the next three to five years under the proposed Interconnect User Charge (IUC) regime. The new IUC regime is to be ... More

`Innovation vital in mobile phone marketing'
WITH the increasing penetration of mobile telephones, marketers are able to easily reach a focused and attractive target group. However, they will have to innovate constantly to ensure user participation and efficacy, according to industry ... More

Cut in ISD, STD rates likely
THIRUVANANTHAPURAM: International Subscriber Dialling (ISD) and Subscriber Trunk Dialling (STD) rates are likely to turn cheaper in the short term. This was stated here by Mr K. Sreekantan Nair, Principal General Manager, Bharat Sanchar ... More

Airtel's new talk offer in Karnataka
BANGALORE: In yet another offer to increase the usage of the mobile phone, Airtel today announced a scheme under which its customers could talk to 1.2 million GSM mobile subscribers of different service providers in the State for unlimited ... More

FINANCIAL PERFORMANCE

Wipro net rises 4 pc at Rs 230 cr
WIPRO Ltd beat market expectations and its own estimates to clock a net profit of Rs 230 crore on revenues of Rs 1,375 crore for the quarter ended September 30, 2003. This represents a growth of four per cent in PAT and 29 per cent in revenues ... More

Rediff.com cuts loss to $1.4 m
THE increase in usage of fee-based services has resulted in Rediff.com's India online revenues rising by 18 per cent during the second quarter ended September 30, 2003. Total revenues for the second quarter 2003 amounted to $3.4 million with ... More

SOFTWARE

Billing rates improving: Wipro
INCREASED tech spending by clients, especially by telecom companies, and lowered pricing pressures have given Wipro Technologies better billing rates on new customers. ``Going forward, we see prices moving in a narrow band,'' Mr Vivek Paul, ... More

Infosys ties up with Fujitsu
INFOSYS Technologies Ltd has tied up with Fujitsu ffor providing co-development and functionality enhancement services to the latter's suite of software products. Infosys will enhance Fujitsu processes by bringing in new technology and IT ... More

Newgen solution for MNYL
NEW DELHI: Newgen Software Technologies Ltd, the Delhi-based software product company, has deployed its business process management (BPM) tools — OmniDocs and OmniFlow — at Max New York Life (MNYL). This technology, according ... More

ENTERPRISE RESOURCE PLANNING

Cordys develops platform to tackle post-ERP applications
CORDYS Asia, the Hyderabad-based technology solutions enterprise, formerly called Vanenberg, has developed an integrated technology platform that uses various Web services and enables companies expedite their efforts to create real-time ... More

OFF-SHORE DEVELOPMENT

Mastek centre for US co
MUMBAI: Mastek Ltd has announced the setting up of a dedicated offshore development centre in India for the US-based ePolicy Solutions. Mastek would provide IT services onsite and at the Indian ODC facility. Currently, the Mumbai-based ... More

Weal Info plans arm in US
KOLKATA: Weal Infotech Ltd, which is ramping up its business process outsourcing (BPO) operations in Hyderabad, is setting up a wholly-owned subsidiary in the US. The proposed subsidiary will interface with Weal's clients in the US, ... More

SECURITY

AP Secretariat plays it safe with biometrics
LABCAL Technologies, a Canadian security solutions provider, has deployed a biometric-based smart card authentication system in Andhra Pradesh State Secretariat that handles both time and attendance system at one go. Based on a 1024-bit data ... More

EVENTS

Participation in tech exhibitions — IT entrepreneurs differ on TN subsidy
The subsidy is to facilitate SMEs participate in government approved international/national IT trade shows and exhibitions. More

VENTURE CAPITAL

Olympus, Intel to invest $20 m in Nipuna
"Intel Capital invests in companies such as Nipuna as we believe this business opportunity will assist in the acceleration and growth of the e-business industry." More

MobiApps raises $8 million
BANGALORE: MobiApps, a provider of hybrid terrestrial and satellite technologies for industrial communications, has announced that it has raised $8-million from 3i, a venture capital firm and Green Dot Capital, the subsidiary of Singapore ... More

STANDARDS & BENCHMARKS

Ivesia gets CMM Level 3
CHENNAI: Ivesia Solutions Inc, the US-based software firm having an offshore presence in Chennai, has achieved software CMM Level 3. The assessment was based on SEI's CMM-based appraisal system for internal process improvement method, ... More

OUTLOOK

Wipro confident of $1-b status this year
WIPRO Ltd has joined Infosys Technologies in the race to be a billion-dollar IT company this fiscal. Last week, Infosys revised its guidance upwards and indicated that its revenues are expected to exceed $1 billion for the current fiscal. Mr ... More

PEOPLE

Sify CFO quitting
CHENNAI: Mr T.R. Santhanakrishnan, Chief Financial Officer, Sify Ltd, is leaving the company later this month after a four-year tenure with the company. He will, however, continue to provide services to Sify through 2006 on relevant ... More

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