INFO-TECH
PREFERENTIAL ALLOTMENTS
Preferenital allotment of warrants/shares — Moser Baer in talks with Warburg Pincus arm
MOSER Baer India Ltd (MBIL) has said it is in talks with Woodgreen Investments Ltd, an affiliate of private equity investment firm, Warburg Pincus, to issue 5.4 million shares as part of a proposal to raise funds for capacity expansion. MBIL, ...
More
OPEN OFFERS
HP offer opens on Jan 19
BANGALORE: Digital Globalsoft Ltd has informed the BSE that the acquirer (Hewlett-Packard) considers Rs 750 per share to be an acceptable price and is prepared to acquire the shares at this price. HP reserves the right not to acquire ...
More
OUTSOURCING
Play down backlash, Shourie tells media
MR Arun Shourie, Union Minister for IT and Communications and Disinvestment, said India should go for a "low key" campaign to face the "backlash by the US and the UK" against outsourcing from Indian IT services companies. Blaming the media for ...
More
BPO sector has reached critical mass: McKinsey
THE business process outsourcing industry has grown phenomenally over the last three years in spite of the fact that the US market is relatively subdued. It will only get better as companies scale up the value chain, re-engineer their processes ...
More
FINANCIAL PERFORMANCE
Digital Global Q3 net up 32 per cent
DIGITAL GlobalSoft, the software services subsidiary of Hewlett-Packard (HP), has posted a 32 per cent increase in net profit, while its revenues grew by 46 per cent during the third quarter ended December 31, 2003, from a year ago. The ...
More
Aztech Q3 net at Rs 20 lakh
AZTEC Software and Technology Services has posted a net profit of Rs 20 lakh boosted by other income of Rs 1.17 crore for the quarter ended December 31, 2003 over the corresponding period last year. Total revenues fell by about 10 per cent to ...
More
HARDWARE
Hardware sector set to grow at 30 pc
THE National Association of Software and Services Companies (Nasscom) has indicated that the domestic hardware market is poised for a growth of about 30 per cent next fiscal riding on the duty cuts announced by the Finance Minister. The ...
More
Dell cover for desktops too
BANGALORE: Dell has announced that it has extended the CompleteCover for desktops, an optional repair and replacement service for Dell desktops that protects customers against common damage. This programme was already available on ...
More
INTERNET
Intel offers Net on board train
INTEL today announced the country's first-ever Internet access service on board a running train. The company has tied up with the Railways for providing the service on seven Shatabdi Express trains originating from Delhi. It has taken over one ...
More
IT TRAINING
Naidu moots Challenge Fund
THE Chief Minister of Andhra Pradesh, Mr N. Chandrababu Naidu, on Tuesday asked the Asian countries to set up a Virtual Technology University to provide high quality education at affordable cost. "This university should forge linkages with the ...
More
MERGERS & ACQUISITIONS
Hindujas scouting for buyer for stake in Fascel
HINDUJA TMT is yet to find a buyer for its 30-per cent stake in Fascel. The buyer has also to be acceptable to Hutchison group, which controls Fascel with 49 per cent stake , the maximum permissible FDI limit. Hinduja TMT would like to offload ...
More
ALLIANCES & JOINT VENTURES
Color Chips signs MoU with Korean body
THE Hyderabad-based Color Chips India Limited, an animation and graphics company, on Tuesday signed a memorandum of understanding with Gwangju Information and Culture Industry Promotion Agency (GITCT) of South Korea to promote strategic business ...
More
Sonata ties up with Atlanta co
BANGALORE: Sonata Software Ltd, a consulting and software services company, has announced a strategic partnership with TechDiscovery, an Atlanta-based software engineering firm focused on building commercial-grade applications for ...
More
EVENTS
Asian IT Ministers call for steps to bridge digital divide
THE Hyderabad Declaration of the second Asia IT Ministers' Summit, which concluded here today, has called for regional efforts to bridge the digital divide by sharing of knowledge in the ICT (information and communication technology) sector and ...
More
Getting connected
A delegate talks on mobile phone before a huge poster of information technology and North-Eastern States at the Asia IT Ministers' Summit in Hyderabad on Tuesday.
| 
RSS Feeds