INFO-TECH
OVERSEAS BORROWINGS
Cranes Soft mulls GDR issue
BANGALORE: Cranes Software International Ltd has mandated Elara Capital as its lead manager of its proposed global depository receipts. The time line and the pricing of the issue is yet to be decided, the company spokesperson ...
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TELECOMMUNICATIONS
Handset prices cut by 5-26 pc
ALL the major mobile handset vendors including Nokia, Motorola, Samsung, Siemens, Alcatel, Sony Ericsson and Panasonic have announced price cuts ranging from 5.36 per cent to 26.58 per cent on entry-level, mid-featured and fashion lifestyle ...
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Reliance IndiaMobile launches watchphone
RELIANCE IndiaMobile has launched the all-in-one Telson TWC 1150, which combines a wristwatch and a mobile phone, with plug-in camera. According to an official release, the mobile phone, brought out by Telson Electronics, is the world's ...
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STOCKS
Polaris Software gains on recovery signals
THE Polaris Software stock on Wednesday made a further accelerated upward move on major bourses. The stock, on an upturn path since the level of Rs 162.70 touched on the closing of February 23, regained some of its trading flavour on expectation ...
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SOFTWARE
MindTree aiming to become $100-m co
PROJECTING a 60 per cent growth on the back of reorganised focus into verticals like financial management, leisure and healthcare, MindTree has set itself a goal of $100-million revenue from the current fiscal's $28 million. No timeframe was ...
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Tavant Tech plans office in NCR
TAVANT Technologies is close to doubling its strength in India. The company is also planning to open one more office in the National Capital Region (NCR). This four-year old US-based company in the high-end collaborative e-commerce space ...
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Patni annual net grows 17 pc on higher income
RAMPING up of key strategic million-dollar accounts and a greater shift towards offshore business has increased the net profit and revenues of Patni Computers Systems Ltd for 2003. While revenues grew by 33.3 per cent at Rs 1,143.5 crore for ...
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Accel to provide Sun suite to UI
CHENNAI: Accel ICIM Systems and Services, provider of total information technology solutions, would provide 10,000 ready-to-use licenses of Sun Microsystems' Office Suite (StarOffice 7.0) to United India Insurance Company Ltd. As part ...
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Flexcube tops in sales
BANGALORE: i-flex solutions announced on Wednesday that its flagship product Flexcube has been ranked the world's number one selling banking solution for 2003 by International Banking Systems (IBS), UK, in its annual sales league table for ...
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Sonata Soft pact with Gupta Tech
BANGALORE: Sonata Software Ltd and Gupta Technologies, LLC, a provider of embedded relational databases and visual development tools, have announced a 360 degree partnership. Under the partnership, Sonata will provide product ...
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Finacle for Thai firms
BANGALORE: Infosys Technologies Ltd, Export-Import Bank of Thailand (EXIM Bank) and Yip In Tsoi & Co Ltd, Thailand, have announced that they have signed a strategic partnership to revamp the bank's core technology platform with Finacle, ...
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Cellexchange bags $5-m US deal
HYDERABAD: Cellexchange Inc, a real-time decision management solutions provider to the Government and utility sectors in the US, has announced that the US General Services Administration (GSA) has awarded it a five-year contract to provide ...
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OFF-SHORE DEVELOPMENT
Maples Sydney operations
CHENNAI: Maples ESM Technologies Ltd, provider of enterprise systems management services (ESM), has launched its operations in Sydney, Australia. The expansion is to serve the growing customer demand in offshore outsourcing services. ...
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E-GOVERNANCE
Haryana to adopt Sun's StarOffice 7
SUN Microsystems announced on Wednesday that it has signed a memorandum of understanding with the Haryana government wherein its open-source based office productivity suite StarOffice 7 will be adopted across the state government departments. The ...
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