The Hindu Business Line : Friday, February 04, 2005

White paper on global sourcing
BANGALORE: neoIT, an offshore advisory and management firm, has come out with a new white paper called `Healthcheck on Global Operations', part of a monthly series that addresses timely topics related to the global sourcing industry. The ... More

TELECOMMUNICATIONS

FDI cap hike in telecom `sends right signals'
THE decision to increase foreign direct investment (FDI) cap in telecom sector to 74 per cent sends the right signals to investors abroad and shows India's confidence in attracting foreign investment, according to the US Coordinator for ... More

Grey market calls: Govt pulls up pvt operators
THE Ministry of Communications has hauled up private operators for allowing grey market calls to be routed through their network, which was causing revenue loss to the national exchequer. In a recent meeting with industry honchos, the Minister ... More

Reliance Infocomm network expanded to 150 towns in Karnataka
RELIANCE India Mobile has said that its services are now available in 150 towns of Karnataka following the completion of the second phase of expansion. Most of the second phase of expansion was in North Karnataka, a press statement from ... More

FINANCIAL PERFORMANCE

Hinduja TMT Q3 net steady
MUMBAI: Hinduja TMT Ltd has reported a profit after tax of Rs 22.68 crore for the third quarter ended December 31, 2004 against Rs 22.54 crore in the corresponding period last fiscal. The net profit for the nine-month period ended ... More

SOFTWARE

Invensys consolidating India operations
INVENSYS plc has embarked on a consolidation of its Indian operations that would see it bolstering its manpower and expanding the scope of development work. The Chief Executive Officer of Invensys, Mr Richard Haythornthwaite, said: "I am on a ... More

`China many years behind India in software'
DESPITE the frequent comparison, China has a long way to go before it catches up with India in sectors such as IT, software and business process outsourcing, reveals a latest report by McKinsey. The recent McKinsey study of China's software ... More

`Softexam' IT practical test
THIRUVANANTHAPURAM: The software called `Softexam' will be employed in the conduct of the information technology (IT) practical test for the Secondary School Leaving Certificate (SSLC) examination this year. A decision on the use of the ... More

US Soft to open Chennai office
THIRUVANANTHAPURAM: Technopark-based US Software has announced the setting up of its Chennai centre. Announcing this, a company spokesman said here that the high growth tracked in recent times had encouraged the company to set up a base ... More

Mistral Soft platform
BANGALORE: Mistral Software has announced it has developed a PDA reference platform codenamed SUNADA. Built around TI's OMAP5912 or OMAP1611 processor, the device is a completely integrated and customisable PDA design, providing ... More

HUMAN RESOURCES

Calls for special skills
Most recruiters find physically challenged candidates confident and assertive, and the IT and ITES sectors are slowly opening up to them. More

Accenture doubles manpower in India
ACCENTURE has more than doubled its manpower in India in a year. For the year ended November 2004, the company's manpower in India increased to around 11,000 as against 4,300 a year before, according to Mr Pankaj Vaish, India BPO Lead, Accenture. ... More

MERGERS & ACQUISITIONS

Russia's AFK Sistema in deal to buy 49 pc Aircel stake for $450 m
AFK Sistema, a Russian company, has signed a non-binding deal to acquire a 49 per cent stake in Aircel, a cellular service provider now offering services in Chennai and Tamil Nadu circles, for $450 million (about Rs 1,960 crore). The Russian ... More

ALLIANCES & JOINT VENTURES

HCL Tech, Compuware in pact
NEW DELHI: HCL Technologies Ltd has announced a partnership with Compuware Corporation, which provides software and services that enable businesses to manage their enterprises and maximise the value of their IT assets. As part of this ... More

OFF-SHORE DEVELOPMENT

SkyQuestCom opens office in Bangalore
THE Singapore-based SkyQuestCom is investing $2 million in product development and marketing in India. The company has set up base in Bangalore and will launch its e-learning systems. Dr Richard Tan, CEO, said that the company provides a ... More

Five more cos to set up shop in Finland soon
FIVE more Indian software companies will be setting up operations in Finland soon, adding to an equal number - including Wipro and TCS - that have been there in the last two years. Offering its strategic location to tap the North European ... More

E-GOVERNANCE

Replicate e-governance successes: Maran
THE Union Minister for Communications and Information Technology, Mr Dayanidhi Maran, today said it is imperative to identify success stories in the realm of e-Governance and use them as a basis for rapid implementation in other States or at ... More

IIM-Calcutta, Oracle in pact for e-gov centre
INDIAN Institute of Management, Calcutta (IIMC) has entered into an arrangement with Oracle India Pvt Ltd to set up an e-governance centre of excellence in Kolkata. The idea behind the initiative is to prepare a white paper on the status and ... More

`Make info accessible to the public'
THE Chief Mentor of Infosys Ltd, Mr N.R. Narayana Murthy, has said that appropriate implementation of e-Governance initiatives in India would go a long way in ensuring transparency and accountability, "the two attributes of good governance". ... More

OUTLOOK

Nasscom sees revenue at $28 b this fiscal
THE Indian IT industry is expected to register a growth of 31 per cent to reach revenues of $28.2 billion in the financial year 2004-05, according to a Nasscom analysis. The industry had registered a growth of 34 per cent in the previous ... More

NEW PRODUCTS & SERVICES

MSN launches new search engine
MSN has launched its new search engine in India and is likely to follow it up with local language versions. Earlier, Microsoft used Yahoo's third party search engine for its portal. When asked if MSN plans to launch its search engine in any ... More

New Oracle tool
HYDERABAD: Oracle has announced Oracle Database Lite 10g that extends the power of grid computing to the mobile workforce. Enabling persistent access to critical information and applications without requiring continuous connectivity to ... More

RFID products from Gemini
CHENNAI: Gemini Communication Ltd has launched TRAZE range of RFID (radio frequency identification) products, which are based on Texas Instrument's RFID platform. The company has formed a 30-member team to develop and design TRAZE ... More