INFO-TECH
OPEN OFFERS
Avaya to make open offer for Tata Tele stake at Rs 220 per share
THE Avaya group's open offer for 20 per cent of the voting share capital of Tata Telecom Ltd (TTL) will open on May 13 this year and will be priced at Rs 220 per share, the same price at which the group is acquiring the Tata group's stake of 25.1 ...
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OUTSOURCING
`Outsourcing good for US economy in long run'
THE outsourcing backlash in the US is not all about politics and India should recognise the need to give more time to Americans to see the merits of outsourcing. At the same time, it should open its economy, according to experts at a debate on ...
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TELECOMMUNICATIONS
Reliance offers global roaming on GSM networks
IN what might appear a little ironical, Reliance Infocomm has launched international roaming services that will allow Reliance IndiaMobile customers to roam internationally on GSM networks. In addition, this will require that the RIM customer ...
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Tatas' exit from Avaya venture `smooth'
THE exit of the Tatas from Tata Telecom Ltd, their joint venture with the US-based Avaya Inc, is amicable and the company sees no change in its plans and working due to the change in its equity structure. "The Tatas decided to exit simply ...
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STOCKS
Patni Computers stock bounces back
THE Patni Computers stock today not only witnessed arrest in its price slide on the major bourses, but registered a decent bounce-back. The counter gained 4.59 per cent on the Bombay Stock Exchange with a traded quantity of 5.28 lakh shares, up ...
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HARDWARE
Pureview Tech to foray with LCD monitors
The company plans to double its investment in India and set up manufacturing base over the next 18-24 months.
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SOFTWARE
SBI Frankfurt to use Flexcube
BANGALORE: i-flex Solutions announced on Monday that State Bank of India, Frankfurt, has selected Flexcube as its core banking solution. Flexcube will replace the bank's existing system that has been operational for the last eight ...
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Hughes bullish on wireless applications
HUGHES Software Systems Ltd is bullish on the wireless applications market, particularly in convergence related space and sees the emerging domestic broadband market as a potential area for its product portfolio and services. The Head of ...
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IT TRAINING
Elgi Software, PSG Tech in pact
TO bridge the gap in industry-academia interaction, Elgi Software and Technologies Ltd (eSTEL) and PSG College of Technology (PSGCT) have joined hands in establishing a `centre for advanced applied technology' at the latter's campus. The ...
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MERGERS & ACQUISITIONS
Rs 430-cr share-swap/cash deal for 67.5 pc pie — Bharti to buy Shyam stake in Hexacom
BHARTI Tele-Ventures has reached an agreement with the Shyam Group to acquire their 67.5 per cent equity stake in Hexacom India Ltd for a consideration of Rs 430 crore. The said consideration includes premium for majority shareholding and ...
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VIRUSES
`Sobar' variant on prowl
A NEW variant of the `Sobar' virus, W32.Sober.F@mm, with medium risk, has been detected, according to an advisory from IT Secure, a specialist security solutions firm. The virus is a mass mailing worm that arrives through e-mail. The subject ...
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