INFO-TECH
PREFERENTIAL ALLOTMENTS
Purchase of bank's units — HCL Tech board okays pref issue to Deutsche Bank
HCL Technologies Ltd on Wednesday said its board of directors has decided to issue 1.93 crore equity shares to Deutsche Bank. The shares, which have a par value of Rs 2 per share, will be issued at Rs 361 each. HCL's proposed issue is as per ...
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AWARDS & HONOURS
Satyam bags two awards
HYDERABAD: Satyam Computer has announced that it has won the `Risk Management Award' that recognises effectiveness in managing risk and the "Solution Delivery Award" for creativity in enhancing or transforming a client's business towards ...
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TELECOMMUNICATIONS
BPL Tele handsets hit market — Talks on with Intel to expand manufacturing
BPL Telecom Pvt Ltd will invest Rs 50 crore by March 2005 in its GSM mobile handsets manufacturing facility in Kerala. The company, which announced the launch of its range of GSM mobile handsets here on Wednesday, has also initiated discussions ...
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Another DoT notice to Reliance on ILD issue
THE Department of Telecom may issue a show cause notice to Reliance Infocomm in the next two days asking it to explain as to why a penalty should not be imposed on the company for allegedly routing international calls as local calls. The DoT ...
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Qualcomm opens facility in Mumbai
This facility will be supported by resources from several business groups at Qualcomm, including the global business development, Internet services and engineering services group. "The India region is one of the fastest growing wireless ...
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COURTS/LEGAL ISSUES
Phaneesh settles harassment law suit out-of-court: Infosys
Infosys said it was not a party to the settlement and did not contribute any money.
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IT TRAINING
Microsoft to spend $20 m on Project Shiksha
MICROSOFT Corporation India Pvt Ltd will spend $20 million on its "Project Shiksha" initiative, which will be rolled out in 10 States across the country in a phased manner. About 80,000 teachers working in the Government and Government-aided ...
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ALLIANCES & JOINT VENTURES
Oracle, Dell extend marketing alliance
INFOTECH majors Oracle and Dell have extended an eight-year old global alliance to India, whereby the two companies will provide a common point-of-contact for all computing requirements. The partnership is expected to make it easier and more ...
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OUTLOOK
Sharp targets 20-pc growth in turnover
SHARP Business Systems India Ltd, a document management company, is targeting a 20 per cent growth in turnover by putting in place an aggressive product launch and marketing plan. The company, a 74:26 joint venture between Sharp Corporation ...
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