INFO-TECH
OUTSOURCING
Nasscom to go aggressive on Japanese market
The National Association of Software and Services Companies (Nasscom) and tech companies plan to step up their initiative to persuade Japan to open up its outsourcing market to India. Though some headway had been made in the past, the low volume ...
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AWARDS & HONOURS
Award for Sriram Bharatam
HYDERABAD: Mr Sriram Bharatam, founder CEO, Iridium Interactive, here has been awarded the `YEO Kauffman Community Award' for 2004. He is the first entrepreneur from India and the first non-American member to be conferred this award. Mr ...
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TELECOMMUNICATIONS
TRAI explores sops for rural connectivity
THE Telecom Regulatory Authority of India (TRAI) is bringing out a consultation paper on promoting rural connectivity in the country. The paper would look at ways to offer incentives to operators for offering telecom services in rural ...
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BSNL Tirunelveli to sell 1,500 SIM cards in select areas
THE Tirunelveli BSNL Telecom Circle has decided to sell over 1,500 SIM Cards in nine select rural areas of the district on demand, in an effort to boost the sale of `Excel' prepaid SIM cards in the district. According to the General Manager of ...
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STOCKS
Share transactions on Oct 12 — Affected investors in SSI move HC for redress
A GROUP of investors in SSI shares on Monday filed a writ petition in the Mumbai High Court seeking to annul/ reverse all transactions in the shares of the company that were traded on October 12 on the BSE and NSE. The investors have also ...
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FINANCIAL PERFORMANCE
Sterlite Optical back in black; Q2 net at Rs 5 cr
STERLITE Optical Technologies has reported a net profit of Rs 5 crore for the quarter ended September 30, 2004, as against a loss of Rs 10 crore for the corresponding quarter of the previous year. This was on the back of a resurgent demand for ...
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Surana Tele Q2 net zooms
SURANA Telecom Ltd, the Hyderabad-based optical fibre, jelly filled cables and CDMA phones and accessories manufacturer, has recorded a substantial growth both in sales turnover and net profit for the second quarter of the current fiscal ended ...
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Hexaware raises guidance; dip in consolidated net
HEXAWARE Technologies Ltd has posted a 11.06 per cent decline in its consolidated net profit at Rs 16.55 crore for the third quarter-ended September 2004 (January-December) compared to Rs 18.61 crore recorded in the same period last year. The ...
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Nucleus Software Q2 net up 61 pc
NUCLEUS Software Exports Ltd has reported 61 per cent rise in net profit for the second quarter ended September 30 to Rs 3.38 crore from Rs 2.10 crore in the year-ago period. Consolidated revenues rose by 18.78 per cent to Rs 24.1 crore ...
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SOFTWARE
i-flex bags Caribbean deal
I-FLEX Solutions on Monday announced it has won a "significant contract" with a Caribbean asset management company for its FLEXCUBE investor services solution. The solution will be implemented for the client's mutual funds administration, for ...
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Scandent service bureau
MERGERS & ACQUISITIONS
Take Solutions buys US company for $3 m
THE Chennai-based Take Solutions has acquired the US-based clinMetrics for $3 million — 25 per cent by cash and the rest in stock. Take Solutions focusses on supply chain management, and clinMetrics provides analytical software solutions ...
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ALLIANCES & JOINT VENTURES
MindTree, Magic Soft in pact
OFF-SHORE DEVELOPMENT
Sonata opens arm in Germany
BROADBAND
Cable TV operators eye broadband space
CABLE service providers, such as Hathway and Incablenet, are looking at foraying into the broadband space following the broadband policy announced by the Government last week. The policy permitted the use of cable TV networks as franchisee for ...
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NEW PRODUCTS & SERVICES
NetApp launches new solution
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