INFO-TECH
TELECOMMUNICATIONS
GAIL to invest Rs 750 cr on telecom infrastructure
IN a bid to capitalise on the booming bandwidth market, GAIL (India) Ltd on Thursday announced an investment of Rs 750 crore for expansion of its telecom optic fibre cable network, under GAILTel, over a period of five years. The company is also ...
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TRAI pulls up operators for misreporting data
THE Telecom Regulatory Authority of India (TRAI) has pulled up operators for misreporting revenues and for discrepancies in reporting minutes of usage every month. TRAI said that the data furnished by the operators had many inconsistencies and ...
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BSNL pre-paid connections
THIRUVANANTHAPURAM: BSNL has started releasing Excel pre-paid SIM cards to those who have made the bookings for the same up to March 1, 2004. An official spokesman said that the cards can be collected from the respective booking centres. ...
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INFRASTRUCTURE
TN bid to expedite Nanguneri park
THE Tamil Nadu Government is pushing the promoters of the Rs 700-crore Nanguneri Hi-tech Industrial Park, ATMAC Ltd, to expedite the project proposed to come up in Tirunelveli. Announcing the steps taken by the State Government in this regard, ...
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TAXATION
Public debate likely on taxation of BPO units
THE Finance Ministry may seek the views of various stakeholders including industry before coming to a final decision on the taxation of BPO units in the country. Indications are that the Revenue Department may soon put up a draft version of a ...
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FINANCIAL PERFORMANCE
Datamatics net down 7 per cent
DATAMATICS Technologies Ltd posted a 6.8-per cent drop in net profit on a consolidated basis at Rs 5.75 crore for the first quarter-ended June 30, 2004 as compared to Rs 6.17 crore recorded during the corresponding period last year. According ...
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SOFTWARE
Polaris trims NEC project team
POLARIS Software Lab has reduced its number of employees working for NEC, Japan, to 50 during the June 2004 quarter compared to about 100 employees in the previous quarter, Mr Arun Jain, Chairman, Managing Director and CEO, told analysts in a ...
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Sarnoff to ramp up Bangalore centre
SARNOFF Innovative Technologies, a subsidiary of the US-based Sarnoff Corporation, is planning to ramp up its Indian technology innovation centre to 250 staff in a couple of years. According to Dr Satyam C. Cherukuri, President and CEO, ...
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Subex Q1 net up 26 pc
BANGALORE: Telecom software firm Subex Systems has reported a growth of 26.79 per cent in net profit and 18 per cent in its revenues for the quarter ended June 30, 2004, compared to the corresponding period last year. The company ...
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Kale bags Kuoni contract
MUMBAI: Kale Consultants Ltd has informed the BSE that the company has bagged a contract from Kuoni India's Outbound Division, SOTC. Kale would develop a business application software solution for the firm's Special Interest Tours (SIT) ...
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Satyam partners OATSystems
HYDERABAD: Satyam Computer announced it has partnered with OATSystems Inc, a provider of software for supply chain, to offer radio frequency identification)-based solutions to its customers. ...
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RESTRUCTURING
Data Access to offload 30-35% equity — Scraps IPO plans on objections from SEBI
INTERNATIONAL long distance telephony company Data Access is close to selling 30-35 per cent equity to a large global investment fund for about Rs 100-150 crore. The move comes in the wake of company's decision to scrap its plans to go for an ...
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ALLIANCES & JOINT VENTURES
Wipro, eGain tie up
BANGALORE: Wipro has announced a strategic alliance with eGain Communications Corp to provide system integration services around eGain's entire product suite, eGain Service 6. ...
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