INFO-TECH
ESOPS
HCL Tech stock option plan gets AGM nod
HCL Technologies on Friday approved a grant of up to two crore options to the directors and employees of the company and its subsidiaries. As each option can be exercised for two fully paid-up equity shares of Rs 2 each, it would mean issuing ...
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OUTSOURCING
Ugam plans expansion
UGAM Solutions plans to establish its presence in the upcoming tier II IT township within the next three months. The company, which provides research and information services to global enterprises from its offshore centre in Mumbai has, ...
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Commonwealth `facilitation cell' for BPO interaction
THE Commonwealth Business Council has established a facilitation cell for matchmaking exercise in area of business process outsourcing (BPO) amongst 54 commonwealth countries, according to the CEO and Director General, Commonwealth Business ...
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TELECOMMUNICATIONS
Hyundai to make handsets in India — Plans R&D centre
HYUNDAI India Telecom Ltd (HIT) today said it will set up a handset manufacturing unit and a research & development hub in India with an investment of $50 million (around Rs 220 crore) over the next five years. The manufacturing plant will ...
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Reliance Info unveils new plan for FWP subscribers
RELIANCE Infocomm on Friday announced a new plan for its fixed wireless phone (FWP) offering unlimited free calls to Reliance phones anywhere in the country. The new plan will be applicable for both pre-paid and post-paid FWP. Mr S.P. Shukla, ...
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LG handsets from Pune unit in January
LG Electronics India Pvt Ltd plans to achieve a 40 per cent increase in turnover from Rs 6,400 crore this year to Rs 9,000 crore in 2005. It also plans to start manufacturing mobile phones at its newly commissioned Pune factory. Mr K.R. Kim, ...
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SOFTWARE
Silicon Graphics eyes new verticals — R&D centre here is a possibility
SILICON Graphics Systems Inc on Friday said that it might mull a research and development centre in India in the long run to capitalise on tech-skills, even as the company targets new verticals such as entertainment. "Besides the existing ...
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Thai offers special package for software investments
THAILAND has come out with a special package for investments for the software industry, Mr Thamrong Mahajchariyawong, Assistant General Secretary, Board of Investment, Government of Thailand, said today. Speaking at a seminar on `Business ...
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Personal finance software
CHENNAI: The Chennai-based Nrich Software has launched `Enrich,' a personal finance software. By using `Enrich', one could track better one's financial transactions. Most people end up paying their bills on the last day or even beyond. ...
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HUMAN RESOURCES
Why TCS ticks well with its staff
AMONG the domestic IT companies, TCS has the lowest employee turnover rate. The attrition level at TCS as on September 30, 2004 was 7. 9 per cent compared to the industry average of 15 per cent. What is it that makes TCS different? According to ...
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Satyam sees gains from PeopleSoft buy; to hire more
SATYAM Computer Services, which has a large ERP practice with more than 1,700 employees, expects to add 300 more in the near term with the recent acquisition of PeopleSoft by Oracle Corporation. This would be mainly through what the company ...
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Work pressures telling on health of IT pros: Study
YOUNG. Earning high salaries. Punctuates long working hours with junk food, coffee and aerated drinks. Holds the latest hand-held devices and speaks a language filled with IT jargon. Perhaps, these attributes could best describe IT and ITES pros. ...
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MERGERS & ACQUISITIONS
HCL Tech board okays 51-pc stake in Aalayance
HCL Technologies on Friday announced that the board of directors of the company has approved hiking its stake in Aalayance Inc to 51 per cent. The consideration for this transaction is $1.9 million and the investment will be made by HCL ...
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ALLIANCES & JOINT VENTURES
Symbian, MphasiS in pact
BANGALORE: Symbian has signed up MphasiS as the new test global house for Symbian Signed, which provides a single, low-cost and unified certification programme. Mr Anant Koppar, President, MphasiS Technologies, said expertise in ...
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BROADBAND
BSNL, MTNL to offer high-speed Net at Rs 500
THE Government said on Friday that Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) would launch broadband services at a rate of Rs 500 a month for 256 Kbps throughout the country starting on January 15. While MTNL will ...
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ISPS
US body asks DoT to review licence fee for VPN services
COMPTEL/ASCENT, the trade association representing 350 US-based communication companies, has asked the Department of Telecom to review the decision to impose licence fee and entry fee on Internet service providers (ISPs). The association has ...
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EVENTS
Getting set for Gitex(Hyd) expo from Jan 12
INFORMATION technology professionals and hardware manufacturers, including telecom equipment manufacturers and vendors in related spheres from China, Germany, Hong Kong, Japan, Korea, Pennsylvania, South Africa and Taiwan, have confirmed ...
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Meet on artificial intelligence in Hyderabad
HYDERABAD: The International Institute of Information Technology (IIIT) is organising the ICON-2004 (International Conference on Natural Language Processing) and KBCS-2004 (the meet on knowledge-based computer systems) from December 19 to ...
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STANDARDS & BENCHMARKS
BEL centre gets top rating
BANGALORE: Bharat Electronics' Software Technology Centre at Bangalore has received top software design rating - the SEI-CMM Level 4. The centre, part of BEL's Central Development & Engineering Group, develops software largely for ...
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