INFO-TECH
OUTSOURCING
Non-resident outsourcers: Nasscom suggests changes in tax regime
THE National Association of Software and Service Companies (Nasscom) has expressed the hope that the mini-Budget would clear the ground for major initiatives for facilitating proliferation of low-cost computers, enhancing computer literacy, ...
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TELECOMMUNICATIONS
Austrian co forays with premium-end mobile models
AUSTRIAN electronic manufacturer, Tel.Me, has announced the launch of its top-of-the-range T919i and T918 GSM mobile handsets in the country. The T919i is the first multi-utility business smart phone along with many entertainment features. It ...
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`Carry-forward' of unused amount allowed — Ensure all services to pre-paid mobile subscribers: TRAI
THE Telecom Regulatory Authority of India (TRAI) has directed the GSM cellular operators to make available all services including incoming voice calls and SMS, to the pre-paid subscribers during the entire validity period even after talk time is ...
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Cabinet defers decision on FDI hike in telecom
THE Cabinet has once again deferred a decision on hiking the foreign direct investment (FDI) limit in the telecom sector from the existing 49 per cent. Although the proposal to hike the FDI limit to 74 per cent (exclusively for investments made ...
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HARDWARE
Excise duty goes on computer hardware items
THE Finance Ministry has scrapped the 16 per cent excise duty applicable on manufacture of microprocessors for computers (other than motherboards) and storage devices - hard disk drives, floppy disk drives, CD-Rom drives. With this move, ...
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Dell reduces prices on select items
DELL on Friday said that it reduced list prices by as much as 11 per cent on select configurations of servers, desktops, workstations and notebooks with immediate effect. This reduction in prices follows the recent duty cuts announced by the ...
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SOFTWARE
Wipro is biggest wealth creator during 1998-2003: Study
WIPRO, the Bangalore-based IT company, created a total wealth of Rs 24,471 crore to be assessed as the biggest wealth creator between April 1998 and March 2003. During the period, the honour of being the fastest wealth creator went to ...
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Pragati Soft in expansion mode
MUMBAI: The Mumbai-based Pragati Software plans to invest Rs 1 crore as part of its expansion strategy to position itself aggressively in the corporate IT training space. In the first phase, the company would augment its facilities to ...
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MERGERS & ACQUISITIONS
Idea Cellular buys Escotel Mobile, ETL — All-cash deal covers operations in 6 circles, over 8.25 lakh subscribers
IDEA Cellular Ltd has announced that it has signed a definitive agreement for the acquisition of 100 per cent stake in both Escotel Mobile Communications Ltd and Escorts Telecommunications Ltd (ETL), which includes cellular operations in six ...
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Hexacom bid: Shyam Tele queers pitch for Bharti
IN yet another setback to Bharti, which had recently announced plans to acquire the 27.5 per cent stake of Telesystem International Wireless Inc's (TIW) in Hexacom India Ltd, Shyam Telecom that holds 40 per cent stake in the company has leveraged ...
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EVENTS
ICT must be people's product, says Kalam
THERE is a need for greater understanding of and insight into the real needs of people in developing countries for information, communication and technology (ICT) to be a people's product, said the President, Dr A.P.J. Abdul Kalam, here on ...
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IPOS
Patni offer price band at Rs 200-230
PATNI Computers Systems Ltd has announced an indicative price band of Rs 200-230 for its IPO. The offer comprises fresh issue of 1.34 crore equity shares of Rs 2 each and a sale of 53.2 lakh equity shares of Rs 2 each, aggregating 1.872 crore ...
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OUTLOOK
Infosys sees steeper growth for software testing unit
SOFTWARE major Infosys Technologies Ltd is eyeing a "steeper growth" for its independent validation services offerings over the next five years. The independent validation services group, set up three years back, now accounts for close to ...
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TCS sees big scope in Gujarat
GUJARAT has the potential to emerge a front-runner in the information technology sector and Tata Consultancy Services (TCS) is keen to become a partner in the process. According to Mr S. Ramadorai, CEO of TCS, Gujarat has the wherewithal to ...
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