INFO-TECH
OVERSEAS BORROWINGS
Cranes Soft shareholders okay proposed GDR issue
The company plans to fund its expansion plans in India and abroad using the GDR proceeds.
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OUTSOURCING
Indian BPOs to capture 56 pc share: ICRA
THE Indian business process outsourcing (BPO) industry will at 50 per cent annually and capture 56 per cent of the total offshore BPO business by 2006, according to a report by ICRA Ltd. However, ICRA warns that prospects of a backlash in the ...
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Outsourcing fears unfounded, says US Congressman
WHILE admitting that the US visa procedures perforce have become somewhat stringent, Mr Gregory Meeks, US Congressman, on a visit here, told presspersons on Monday that emerging fears in developing countries over a clampdown on such outsourcing ...
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TELECOMMUNICATIONS
BSNL overstated profits, says CAG
BHARAT Sanchar Nigam Ltd (BSNL) has been pulled up by the Comptroller and Auditor General (CAG) for overstating its profits by close to 41 per cent for fiscal year 2002-03. As against the stated net profit of Rs 1,444.45 crore, as cleared at ...
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Tata Indicom launches services in Anekal
TATA Indicom, the Tata group's telecom access service, today launched its services comprising CDMA mobiles, fixed wireless and public telephones in Anekal. "Our fixed wireless, which has the benefit of speedy installation and our CDMA mobile ...
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BSNL embarks on mobile expansion drive in Kerala
ENCOURAGED by the tremendous response received for its mobile phone connections in Kerala, BSNL is in the process of expanding its network to provide additional connections in the State. The target is to provide three lakh additional ...
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SOFTWARE
`Change in definition of resident status will hit IT professionals'
THE change in the definition of `Resident but not Ordinarily Resident' (RNOR) Indians, as effected in the Finance Act 2003, will have severe repercussion on Indian professionals and others who are employed in the software and IT-enabled services ...
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INTERNET
ISPs feel the heat as Net users log off
THE number of Internet subscribers in the country has almost stagnated as more users logged off because of poor service quality and high cost of dial-up Net connections. New Internet connections, which grew to 30 lakh by March 2001 from 2.8 ...
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MERGERS & ACQUISITIONS
Aircom buys out HPS in jt venture
THE UK-based Aircom International Ltd has formally announced that it has bought out the 49.5 per cent equity shares of erstwhile HCL Perot Systems (HPS) from their joint venture known as Aircom HPS Wireless Services (AHWS). The new company ...
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ALLIANCES & JOINT VENTURES
Satyam arm in pact with US firm
SATYAM Venture Engineering Services (SatVen), an Automotive Engineering Services group of Satyam Computer (Satyam), has announced the formation of dedicated India Design Centre (IDC) for the US-based Collins & Aikman (C&A), a major automotive
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OFF-SHORE DEVELOPMENT
EzCommerce to invest $2 m in Indian centre
EZCOMMERCE Inc., a San-Jose based technology solutions provider, has drawn up plans to invest $2 million in the Indian R&D-cum-support centre, ramp up operations and increase the headcount. The Executive Vice President of EzC, Mr Satya Dev ...
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INTERVIEW
`There's potential in BPO, but we'll wait and watch'
YOU get a pleasant surprise from the view of the surrounding area from the top floor at Cognizant's `techno-complex' on Old Mahabalipuram Road, the information technology corridor — you didn't know Chennai (or at least its outskirts) was so ...
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EVENTS
IT majors to take part in Gitex
HYDERABAD: Reliance Infocomm, Satyam Computer and Hindustan Lever Ltd have confirmed their participation at the forthcoming GITEX Hyderabad 2004 during January 12-14, according to organisers of the IT event Dubai World Trade Centre ...
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Looking Back
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