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Thursday, October 14, 2004

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INFO-TECH

OUTSOURCING
`BPO market hotting up with 8 more nations in fray'
INDIA'S dominance in the global BPO market might be short-lived as almost eight nations including China, Mexico and South Africa are seriously eyeing a chunk of the market share and upgrading their technical skills for the same, according to a ... More

Expert sees firm trend in outsourcing growth
THE largest growth in offshoring will happen in human resources management and customer relationship management processes and the BPO sector is set to reap the benefits of this boom, according to outsourcing expert Mr Michael F. Corbett. "In ... More

Allianz Cornhill in expansion mode
ALLIANZ Cornhill Information Services has kicked-off a Rs 35-crore expansion programme at its development centre in Thiruvananthapuram. The company is a subsidiary of the UK-based Allianz Cornhill Insurance Plc. Besides acquiring an additional ... More

TELECOMMUNICATIONS
BenQ launches new phones in Madurai
BENQ, the $ 3.6-billion multinational, engaged in networked digital lifestyle devices, launched its new, sleek tri-band mobile phone — BenQ M 100 — in the city recently. Mr G. Prasanna, the Business Manager, BenQ India Ltd, ... More

Tata Tele to invest Rs 362 cr more in TN
Tata Teleservices offers telecom service in the State (and in seven other regions) under the brand name `Tata Indicom'. The company had earlier announced that it would invest Rs 1,100 crore in Tamil Nadu. According to a press release, the ... More

Reliance Himachal users the most satisfied lot: TRAI
RELIANCE Telecom's GSM-based (global system for mobile communications) cellular subscribers in Himachal Pradesh are the most satisfied customers, according to a report on quality of service released by the Telecom Regulatory Authority of India ... More

Reliance Info raises $300-m syndicated loan
RELIANCE Infocomm Ltd (RIC) has concluded a syndicated term loan facility of $300 million, lead arranged by ABN Amro NV, Australia and New Zealand Banking Group, Bank of Baroda, BNP Paribas, DBS Bank, ICICI Bank, Mashreqbank and Rabobank. A ... More

Samsung mobiles turn Bengali
HAVING launched mobile handsets with menus in regional languages such as Tamil and Marathi earlier, Samsung India Electronics Ltd (SIEL) on Wednesday launched the E800 model handset with a Bengali menu. By early next year, the company will ... More

PowerGrid in talks with ICICI Bank for telecom service
POWER Grid Corporation of India Ltd (PGCIL) has begun negotiations with ICICI Bank for providing telecommunications facilities for its banking operations. Speaking to reporters here on Wednesday, Mr R.P. Singh, PGCIL's Chairman and Managing ... More

INFRASTRUCTURE
AP Govt mulls agency for single-window project clearance
TO woo global infrastructure developers, the State Government plans to create a separate promotional agency that will provide for a single-window clearance to mega infrastructure projects. The Government is contemplating the creation of 22 new ... More

FINANCIAL PERFORMANCE
TCS net rises 51.8 pc in Q2 — Half-year revenues cross $1-billion mark
TATA Consultancy Services Ltd has reported a year-on-year increase of 51.8 per cent in net profit (excluding exceptional items) and a 43.5 per cent increase in consolidated revenues for the quarter ended September 30, 2004, under US ... More

Hughes Soft Q2 net up 52 pc
HUGHES Software Systems (HSS) has posted a 52-per cent increase in net profit for the second quarter ended September 2004 at Rs 25.8 crore on standalone basis, with the performance largely volume-driven. With major growth coming from services ... More

SOFTWARE
GE share in TCS revenue falls
REVENUES from General Electric, TCS's single largest customer, have fallen to 15.9 per cent of total revenues during the second quarter of the current fiscal, from 17.1 per cent of revenues during the first quarter. Revenues from this client ... More

Hughes Soft scouts for buys in BPO, telecom space
HUGHES Software Systems has said it is actively scouting for acquisitions in the business process outsourcing (BPO) and telecom service provider (TSP) space. The company also plans to hire 2,000 professionals in IT services segment in the ... More

TCS: Reassurance on offshoring model
TATA Consultancy Services has unveiled a strong set of numbers in its earnings scorecard for the second quarter ended September 30, 2004. With their strong performance, TCS along with Infosys Technologies, has offered a booster dose to all those ... More

INTERNET
`Search engine space turning competitive'
SEARCH engine, a highly technology business, is set to become competitive and could lead to quality and good search experiences to users. Constant improvement in technology could lead to changes in fundamental search approach leading to ... More

SECURITY
Nasscom, ITAA sign pact on cyber security
NASSCOM and IT Association of America (ITAA) today signed a declaration on cyber security as part of which they would pursue initiatives to enhance collaboration between law enforcement and industry to prevent and prosecute cyber crimes. The ... More




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Top Stories
Bill to revamp professional institutes gets Cabinet nod


V.P. Singh backs IFCI merger with IDBI

`BPO market hotting up with 8 more nations in fray'

Flour mills in South facing crisis

Diesel consumption rises 15.4 pc in Sept

Hughes Soft Q2 net up 52 pc

Looking back
Oct. 3-Oct. 9
Tough to get in, reliable thereafter — German presence big boost for Hexaware

MetalJunction to make BPO main biz

GM's plan to bid out IT deals may benefit Wipro

UK firm unveils anti-terror tool; ties up with Cygnus

BSNL plans undersea cable link to Lanka

Internet user base grows 8 pc in Q2

GSM players add 1.5 m subscribers in September

Fears of `misuse' delay Railways' e-ticket plans

`IT salaries up 19 pc this year'


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