INFO-TECH
OUTSOURCING
US Congressman bats for outsourcing
THE Indian outsourcing industry on Wednesday got a reason to cheer with the influential Republican Congressman and Chairman of the House Rules Committee, Mr David Dreier, supporting off-shoring as "an important and positive part" of the overall ...
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TELECOMMUNICATIONS
Govt urged to bridge tech divide
WITH India on the verge of touching 100 million phones by the end of this year, the Government could harness of the power of technology to bridge the digital divide, according to Mr Sam Pitroda, former Chairman of WorldTel. He told newspersons ...
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Touchtel lowers tariffs
TOUCHTEL Tamil Nadu has reduced its tariff by 43 per cent for international long distance calls and by 25 per cent for domestic long distance calls. Effective today, the tariff to US and Canada has been reduced to Rs 6.99 per minute from Rs ...
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Bharti raises $100 m through FCCBs
BHARTI Televentures Ltd on Wednesday announced that it had raised $100 million in foreign currency convertible bonds (FCCBs) from global markets for its expansion plans. "The issue was for $100 million, and it received an overwhelming response ...
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Touchtel cuts ISD, STD rates
TOUCHTEL, the basic services brand of the Bharti group, has announced a reduction in its ISD and STD tariffs for its customers in the Delhi and Haryana circles. According to a company statement, all Delhi customers of Touchtel will be able to ...
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STOCKS
`Stock split/bonus issue will not hit Infosys valuation'
INFOSYS Technologies' proposed move to either effect a stock split or issue bonus shares to its shareholders is likely to increase the floating stock, which in turn could mean a higher dividend payout going forward. The board of Infosys is ...
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SOFTWARE
Ministry examining issue raised by Nasscom on tax holiday
THE Finance Ministry is examining the facts of the case taken up by Nasscom in its representation to the Revenue Department on Section 10A of the Income-Tax Act, 1961. Under Section 10A, the profits and gains derived by an undertaking from the ...
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US visa curbs may hit SMEs hard
THE stringent H1B visa requirements for Indian software engineers would badly affect the small and medium enterprises in India. In particular, it could stunt the growth of many start-ups, said Mr Kiran Karnik, President, Nasscom, at the sidelines ...
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ICICI Info bags TTK project
HUMAN RESOURCES
`Seat them facing north or east' — BPO firms at wits' end over attrition
ATTRITION, that's the deadly monster that most Indian BPO firms and other software outfits are finding difficult to tackle these days. Gone are the days when, providing good working conditions, above-par pay and perks could motivate people to ...
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Ready Test Go to double headcount
READY Test Go Pvt Ltd (RTG), which tests software for performance, will double its manpower to 300 by the year-end. The company is also investing between $0.5 million and $1 million (between Rs 2.2 crore and Rs 4.5 crore) on infrastructure in ...
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MERGERS & ACQUISITIONS
IBM to buy BPO firm Daksh
As part of the deal, IBM Business Consulting Services will acquire the key Asian business transformation practices and experienced local skill sets, already serving an existing client base.
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ALLIANCES & JOINT VENTURES
Thinksoft Global in pact with NSE.IT
THE Chennai-based Thinksoft Global Services and NSE.IT, Mumbai, have entered into a memorandum of understanding to jointly offer testing services for international securities segment. "Around 5 to 15 bugs are found in every 1,000 software codes ...
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Comparex to market Finacle in Africa
COMPAREX Africa announced an alliance with Infosys Technologies on Wednesday to market the latter's universal banking solution, Finacle, in southern Africa. Comparex will act as Infosys's business alliance partner for sales and services related ...
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M-COMMERCE
C-Sam develops Mobile Wallet
C-SAM Inc., a client-based mobile payment solutions provider, has developed Mobile Wallet. It has deployed it in the Sumitomo Bank's electronic payment services in Japan and is in parleys with operators in Scandinavian countries. The Founder ...
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IT-ENABLED SERVICES
`Rising rupee could cause flight of deals'
THE Electronics and Software Export Promotion Council (ESC) has said that a continuously appreciating rupee against dollar would have an adverse impact on the software and IT-enabled services exports from the country. More than 60 per cent of ...
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