INFO-TECH
ANNOUNCEMENTS
HCL Tech completes buy-out
NEW DELHI: HCL Technologies Ltd said on Tuesday that it has allotted 1.93 crore fully paid-up equity shares to Deutsche Bank AG (DBAG), in consideration for acquiring 4,900 issued and outstanding shares of DSI Financial Solutions, ...
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OVERSEAS BORROWINGS
Aftek AGM okays ADR/GDR issue
AFTEK Infosys Ltd on Monday received shareholders' approval for an ADR/GDR issue amounting $30 million, as well as for enhancement of NRI/FII limit up to 40 per cent of the paid-up capital of the company. A resolution at the AGM of the company ...
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STORAGE
Overland tool fit for Veritas
HYDERABAD: Overland Storage, a provider of back-up and recovery solutions, has announced that its product REO 4000 has qualified for use with Veritas NetBackup 5.0 Enterprise Server. With this qualification, Veritas customers seeking ...
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TELECOMMUNICATIONS
`Huge investments by mobile players likely'
MOBILE service providers are expected to make investments to the tune of Rs 65,000 crore to Rs 70,000 crore over the next five years as compared to Rs 35,000 crore in the last five years, according to a forecast by CRIS INFAC. Over the next ...
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Tax reliefs can clip 30 pc off mobile tariffs: Mittal
MOBILE tariffs could come down by as much as 30 per cent if the Government brought down the levies on telecom services, the Chairman and Group Managing Director, Bharti Enterprises, Mr Sunil Mittal, today said. "I think there is a scope (for ...
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`No damage to undersea cable link to Singapore'
THE Bharti Group on Tuesday said that its joint venture undersea cable link to Singapore has not suffered damage on account of Sunday's tsunami that devastated a large coastal swathe of South East and South Asia. "Everything is fine and there ...
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INSIGHT
The trouble with outsourcing
INFORMATION technology professionals in India greeted with jubilation the re-election of Mr George W. Bush as the US President. Their joy was in the hope that the new administration, wedded to free trade, would be ...
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SOFTWARE
`Indian animation industry may grow to $1.5 b by 2005'
THE animation industry in India, according to National Association of Software and Services Companies (Nasscom), currently growing at a compounded annual growth rate (CAGR) of 30 per cent, is estimated to reach $1.5 billion by 2005. The ...
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Mentor Graphics expands R&D work in India
MENTOR Graphics Corporation, the $675-million EDA (electronic design automation) solutions provider, is expanding and consolidating its R&D capability here while targeting the potential market in the region, particularly India. The Managing ...
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Newgen bags Philippines e-gov deal
DELHI-BASED Newgen Software, document management and business process management solutions provider, beat competition from the likes of IBM and FileNet to bag a Philippines Pesos 130 million project. The e-governance project commissioned by ...
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`Virtual delivery teams not far behind'
IN an era where `death of distance' has become the order of the day, can `virtual delivery teams' and naturally seamless processes be far away? What started as an internal efficiency exercise within organisations could soon become a major ...
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Jamdat Mobile opens centre in Hyderabad
JAMDAT Mobile Inc, a Nasdaq-listed global wireless entertainment publisher offering mobile games, has announced the opening of a global development centre in Hyderabad. The centre will provide development services to its global enterprise as ...
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IT TRAINING
Free computer training
THIRUVANANTHAPURAM: As part of its efforts to take `information technology to the poor', the Computer Dealers Association of Trivandrum will donate a multimedia computer system to the Sree Chitra Poor Home in the city. The association ...
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SOCIETY & DEVELOPMENT
Infosys donates Rs 5 cr to PM's relief fund
BANGALORE: Infosys Technologies on Tuesday announced a contribution of Rs 5 crore to the Prime Minister's National Relief Fund to assist the victims of the tsunami that struck India on Sunday. ...
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IBM, Byrraju to take tech to rural children
IBM India has partnered with Byrraju Foundation to launch a community relations initiative referred to as IBM Kidsmart Early Learning Programme in Andhra Pradesh. The Managing Director of IBM India Ltd., Mr Shankar Annaswamy, in a statement ...
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OUTLOOK
Satyam chief sees scope for significant growth
SATYAM Computer Services on Tuesday indicated that it has the potential to grow from the existing strength of 20,000 employees to about 50,000 in few years. "There is a potential — if the markets operate in a favourable manner — for ...
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