INFO-TECH
OUTSOURCING
Outsourcing: British team to recommend more Indian cos
AFTER concluding the seventh meeting of the Indo-UK Round Table on Sunday, the British delegation has decided to recommend to its Government the propagation of the activities of Indian companies in the UK. This was announced by Lord Swraj Paul, ...
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It's for US cos to resolve outsourcing outcry: Karnik
THE President of National Association of Software and Services Companies (Nasscom), Mr Kiran Karnik, on Monday said that there would be no concrete impact of the outsourcing backlash on the Indian IT industry. "We are not worried, but are ...
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TELECOMMUNICATIONS
India speeding on telecom superhighway
ONE phenomenon impressing everybody the world over is the rapidity with which traditional telecommunication networks are morphing into electronic-photonic transportation systems for storing and carrying information. ...
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Spice Tele pact with post offices
BANGALORE: Spice Telecom on Monday announced that it would start selling prepaid cards at various post offices in Karnataka. Mr Sean Dexter, Managing Director, told newspersons that the company has tied up with the Department of Posts to ...
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POLICY
Fund to hardsell Tamil Nadu as tech destintion
THE Tamil Nadu Government has decided to set up "Destination of Choice Fund" that will seek to project the State as an ideal investment destination for technology companies. "The new fund will initially be backed by a Rs 2-crore corpus to ...
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FINANCIAL PERFORMANCE
Mastek Q2 net falls to Rs 4.1 cr
MASTEK group recorded a lower net profit of Rs 4.1 crore for the second quarter ended December 31, 2003 as compared to Rs 16.3 crore in the year-ago period. Total income stood at Rs 95.5 crore for the quarter ended December 31, 2003 compared to ...
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HARDWARE
Shourie looks to sops for hardware sector
LAUDING the sops announced by the Union Finance Minister, Mr Jaswant Singh, recently in the areas of telecommunications and information technology, the Union Minister of Disinvestment and Communications & Information Technology, Mr Arun Shourie,
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IBM notebook outlet in Kochi
SOFTWARE
Work on fifth phase of $15-m IT park begins in Bangalore
THE construction work for the fifth phase expansion of International Technology Park Ltd (ITPL) began on Monday with the Singapore Deputy Prime Minister, Mr Lee Hsien Loong, and the Karnataka Chief Minister, Mr S.M. Krishna, conducting the "first ...
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Site for Vizag IT park identified
THE State Government had asked the district administration to identify a site for the setting up of an IT park in Visakhapatnam and a site near Madhurawada has been identified for the purpose, the District Collector, Mr Sunil Sharma, has said. ...
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INTERNET
Net access in Shatabdi trains
BANGALORE: Intel Technologies India Pvt Ltd, with Indian Railways, announced country's first in-train Internet access service. The service is available aboard North India-bound Shatabdi trains, covering seven cities in until January ...
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IT TRAINING
Mauritius co stake in Aptech
CHENNAI: Citibank NA has informed the National Stock Exchange that its client CGM Mauritius Private Ltd has acquired 32 lakh shares, amounting to 9.55 per cent, of the total paid up capital of Aptech Ltd. The date of acquisition was ...
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EVENTS
Devise IT project for masses, India urges Asian nations
INDIA has called for concerted efforts to brave the measures by some Western countries to put roadblocks for the outsourcing of information technology from Asian countries. Inaugurating the two-day second Asian IT Ministers' Summit here, Mr ...
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VENTURE CAPITAL
Temasek sets up $100-m Merlion India Fund
TEMASEK Holdings (Private) Limited, the Singapore-based investment holding firm, has set up a $100 million Merlion India Fund to invest in promising mid-to-late stage Indian firms. It has also roped in Mr Manish Kejriwal of McKinsey and Company ...
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PEOPLE
US honour for Pawan Kumar
BANGALORE: Mr Pawan Kumar, CEO, vMoksha Technologies, has been profiled in a cover story titled Innovators and Influencers in the latest issue (December 22, 2003) of Information Week, a US-based information technology ...
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TRENDS
More cos likely to switch to Linux: Study
FORRESTER, a technology research company, has predicted that by the end of 2004 close to 10 per cent of the global 2000 companies will have migrated from Windows servers to Linux for their basic network operating system (NOS) ...
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