INFO-TECH
TELECOMMUNICATIONS
TRAI moots norms for intra-circle M&A
THE Telecom Regulatory Authority of India (TRAI) has stated that intra-circle mergers and acquisitions of telecom operators should be allowed with a view to encourage efficiencies of scope and scale, but care has to be taken that monopolies do ...
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LG to launch 3G mobiles in June
LG Electronics will launch 3G GSM mobile phones in June this year and roll out 13 more models in a couple of months. LG's national sales manager for GSM handsets, Mr Deepak Davar, told Business Line on Friday that his company would be ...
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FINANCIAL PERFORMANCE
Aftek Q2 sales up
AFTEK Infosys Ltd has reported a 60 per cent rise in net sales at Rs 35.12 crore for the quarter-ended December 30, 2003, compared with Rs 21.93 crore recorded during the same period last year. Total income stood at Rs 35.43 crore compared ...
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NIIT software biz grows 31 pc
NIIT, the computer education and software developer, on Friday said its net profit for the quarter ended December 2003, stood at Rs 0.5 crore, as compared with a loss of Rs 8.6 crore in the same period last year. Revenues of NIIT in the ...
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SSI net up at Rs 1 cr
SSI Ltd has reported a (consolidated) net profit of Rs 1 crore in the quarter ended December 2003 compared to a loss of Rs 13.62 crore for the same period in the previous year. Total revenues dropped about 42 per cent to Rs 44.58 crore (Rs 77.72 ...
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Polaris Q3 net at Rs 23 cr — Plans Hyderabad centre
POLARIS Software Labs has declared a net profit of Rs 23.26 crore for the quarter ended December 2003 compared with Rs 17.86 crore in the same period in the previous year, showing a growth of about 30 per cent. Revenues grew about 34 per cent ...
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MTNL Q3 net up 113 pc
MAHANAGAR Telephone Nigam Ltd (MTNL) has posted a 113 per cent increase in its net profit for the third quarter of the current fiscal (October-December 2003) at Rs 4,62.84 crore as against Rs 2,17.06 crore during the corresponding period last ...
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HARDWARE
LG's new unit to make PCs
LG Electronics India has commissioned a new manufacturing facility for personal computers (PCs) at their Greater Noida base. The company has drawn up plans to expand the product portfolio with new launches including LCD monitors this year and ...
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SOFTWARE
Oracle to go aggressive on India market
INDIA and China would be the two major growth regions globally for Oracle Corporation in the next few years. Growth in China would be higher in revenue terms while Oracle would continue to increase its number of software developers in ...
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Satyam centre in Kolkata
SATYAM Computer Services Ltd on Friday signed an agreement with the West Bengal Electronics Industry Development Corporation Ltd (Webel) for setting up of its development centre in Kolkata. The memorandum of understanding was signed in the ...
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Oracle unveils customer data hub
THE biggest problem of the information age is data fragmentation -data that is located at different locations and makes it difficult to retrieve instantly when wanted. What organisations need is a global customer database, according to Oracle ...
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Misys picks Bangalore for RMS development
MISYS, the UK-based banking and health care software company, has identified Bangalore as the next important software development centre after London for its `Risk Management System' (RMS). The system is said to have a huge potential with the ...
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INTERNET
Intel, Yahoo! show interest in Akshaya
GLOBAL IT major Intel is among the leading players to have expressed interest in the Akshaya mass Internet and e-learning project being implemented in Malappuram district. Sources in the State IT Mission, the official implementing agency, said ...
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IT TRAINING
Aptech, Canada academy tie up to tap US market
IT training provider Aptech Ltd has entered into a joint venture with Canada-based Academy of Learning to foray aggressively into the developed markets, primarily the US. While operations are expected to commence in April 2004, the two companies ...
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MERGERS & ACQUISITIONS
Synopsys set to buy Analog Design
SYNOPSYS Inc, the Nasdaq-listed semiconductor design software company, has announced that it has signed a definitive agreement to acquire all of the assets of Analog Design Automation Inc (ADA), a provider of automated circuit optimisation ...
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E-COMMERCE & E-BUSINESS
DoP unveils nationwide e-post service
THE Department of Posts (DoP) has introduced nationwide e-post service with a view to bridging the digital divide and bringing the benefit of the Internet technology to the people living in the rural and other remote areas. Launching this ...
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M-COMMERCE
Buy train tickets through your mobile phone
TO GET past those long queues at railway reservation counters, now all you need is a mobile phone. Passengers can book their tickets by logging onto www.irctc.co.in Web site from a GPRS or WAP-enabled cell ...
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ISPS
Sify cuts call charges
HYDERABAD: Internet services provider Sify Ltd has announced a special offer involving drastic cut in call charges for international calls using its way2talk facility in Andhra Pradesh. The way2talk facility is available at the Sify ...
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EXPORTS & IMPORTS
Exit norms for EOUs relaxed
EXPORT-ORIENTED Units (EOU), units operating under the Electronic Hardware Technology Park (EHTP) and Software Technology Parks (STPs) would now be allowed to exit the schemes even if show-cause notices or demands from the Revenue Department are ...
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