Financial Daily from THE HINDU group of publications
Wednesday, December 22, 2004

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Infosys required to adopt new accounting norms from July
INFOSYS Technologies expects an adverse impact on its earnings after it adopted new accounting standards with respect to expensing of stock options. The company is required to adopt new accounting standards from July 1, 2005. The Financial ... More

WNS revamps along verticals
BUSINESS process outsourcing firm WNS Global Services has restructured itself along four industry verticals. The airline, travel and hospitality vertical includes operations that WNS runs for British Airways and other airline and travel ... More

Mold-Tek to expand BPO unit
HYDERABAD: Mold-Tek Technologies Ltd has informed the Bombay Stock Exchange that its board has decided to expand its business process outsourcing (BPO) division following some recent project wins. The company has decided to increase ... More

Datamatics is now SOFTBPO
MUMBAI: Datamatics Global Services has changed its name to SOFTBPO Global Services Ltd. The shareholders of the company gave their consent to the change at an extraordinary general meeting held on December 18, said the company, in a ... More

Airtel packages for teens, women, seniors
AIRTEL on Tuesday launched special mobile packages targeted at the youth, women and senior citizens as part of its market segmentation strategy. While women can get a new post-paid connection with a monthly rental of Rs 150, students will be able ... More

BPL offers Mobile-mail
BPL Mobile subscribers will now be able to access their Hotmail accounts and chat on MSN through SMS. This is by arrangement with MSN India and Mobile 365, a global player in delivery, billing and settlement of mobile messaging services, ... More

Tata Tele services in Tirunelveli
CHENNAI: Tata Indicom on Tuesday announced the launch of its services in Tirunelveli. The services will include CDMA mobiles - post-paid and pre-paid, fixed wireless telephones and public telephone booths. With this, Tata Indicom's ... More

GTL bags Nortel order
MUMBAI: GTL Ltd has won an order from Nortel India to build 3,800 GSM sites in the country, according to a notice sent by the company to the stock exchanges on Tuesday. The company did not specify the size of the contract in value ... More

Newgen system for Kenyan Airways
KENYA Airways has struck a deal with Newgen Software Solutions for implementing the latter's OmniDocs Web with Record Management System at their office in Nairobi. Newgen sources say this is the first mega airline project for the company. The ... More

SumTotal to expand India operations
SUMTOTAL Systems, the Nasdaq-listed learning and business performance technology company, has announced plans to expand its India centre based in Hyderabad. This development centre would see an investment of about Rs 4 crore in infrastructure ... More

Cendura tool for IBM products
HYDERABAD: Cendura, a solutions provider, has announced it has developed a suite of Blueprints for IBM products that capture and track virtually every element of a technology application. The Chief Marketing Officer of Cendura, Mr Rick ... More

Anshin Soft to increase headcount
ANSHIN Software Pvt Ltd, the Indian arm of the Silicon Valley-headquartered Anshinsoft, has firmed up plans to increase the headcount at its Kolkata development centre to 140-150 within the next 12-18 months from around 90 at present. The ... More

BoI loan scheme to buy units with Intel architecture
BANK of India and Intel Technology India Pvt Ltd have tied up to provide financing for individuals who want to buy personal computers and lap top range of products based on `Intel architecture'. They have signed a memorandum of understanding ... More

LG CNS opens second subsidiary
THE cost arbitrage and English speaking skills offered by India have made it an attractive destination for South Korea's largest IT service provider, LG CNS. The company on Tuesday launched here its wholly owned subsidiary, LG CNS Global, with an ... More

HC grants bail to CEO — IT industry expresses relief
THE Delhi High Court today granted bail to the CEO, Mr Avnish Bajaj, who was arrested in connection with the case involving the sale of a sexually explicit clip on the auction site. "The High Court has granted bail to the CEO of ... More

Housing societies shutting doors on BPO employees
YEAR 2004. As the Indian information technology sector was focussing its energies to counter the growing international backlash on offshoring, resistance of an unexpected kind has been quietly building up in the domestic circles against the ... More

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