The Hindu Business Line : Thursday, March 31, 2005

Goldstone board meet put off
HYDERABAD: Goldstone Technologies Ltd has informed the BSE that the meeting of the board of directors slated for March 30, inter alia, to consider the allotment of optionally convertible redeemable preference shares has been postponed. ... More

Nihar mulls settling dues
HYDERABAD: Nihar Info Global Ltd has informed the BSE that a meeting of the board of directors will be held on April 6, to consider and approve compromise offer of Rs 1.1 crore towards final settlement of dues to Bank of India, Overseas ... More

TELECOMMUNICATIONS

Tata Elxsi opens Chennai centre — No move for merger with TCS
TATA Elxsi Ltd on Wednesday announced the launch of its Chennai centre. To house 100 people initially, the centre will look at scaling that strength up to 500. The company's total manpower strength is currently around 1,700. The centre will ... More

Surplus land demerger: VSNL board to meet
A DRAFT scheme for demerger of the surplus land with Videsh Sanchar Nigam Ltd will be placed before the company's board of directors at their meeting scheduled for April 11, said a notice to stock exchanges by the company today. The scheme has ... More

Landline reforms
Bharti Teletech, which manufactures landline telephones, is banking on exports to stay in business, but hopes rural telephony and broadband initiatives will yield domestic growth. More

Cell operators complain to TRAI on `predatory' pricing by Reliance
CELLULAR operators have lodged a complaint with the telecom regulator against the unlimited talktime tariffs offered by Reliance Infocomm on grounds that it was predatory in nature. Cellular operators have told the Telecom Regulatory Authority ... More

BSNL revises commission
BHARAT Sanchar Nigam Ltd (BSNL) has announced that it is revising the commission, minimum guarantee amount and security deposit for STP/ISD public call offices (PCOs) with effect from April 1. The commission for PCOs has been fixed in five ... More

SOFTWARE

Mercury Interactive plans training centres
MERCURY Interactive Corporation, the US-based provider of automated software-testing solutions, plans to start authorised training centres to be run by franchisees for software testing in India. The company hopes to have one or two centres in ... More

Red Hat training partner
BANGALORE: Red Hat, provider of Open Source enterprise solutions, has announced MTNL's Centre in Mumbai for Excellence in Telecom Technology and Management (CETTM) as its authorised training partner. The training facility is aimed at ... More

MERGERS & ACQUISITIONS

Juniper buys Kagoor Networks
BANGALORE: Juniper Networks Inc. on Wednesday announced it has signed a definitive agreement to acquire Kagoor Networks in a transaction valued at $67.5 million in cash, plus options and certain other incentives and equity compensation. ... More

OFF-SHORE DEVELOPMENT

Infotech Singapore office
HYDERABAD: Infotech Enterprises Ltd on Wednesday intimated the BSE that it has opened its branch office in Singapore. This office has been set up to provide services in the fields of design engineering and software services, to clients in ... More

ENTREPRENEURSHIP

Start-ups to fore, form 20% of new Nasscom members in fiscal 2004-05
IF 2001 saw IT entrepreneurs burning their fingers in technology business and shutting shop, last year or so has seen their resurgence. About 20 per cent of companies that enlisted as Nasscom members during 2004-05 are entrepreneur-led IT and ... More

IPOS

3i Infotech, Gokaldas IPOs oversubscribed
THE IPO of 3i Infotech was subscribed 1.04 times on the first day of the bidding process on Wednesday. Over 2.07 crore shares were bid for against the company's offer of two crore shares. The issue also allows a green shoe option of 30 lakh ... More

Allsec IPO
CHENNAI: Allsec Technologies Ltd has fixed a price band of Rs 135-162 per share for its public issue. The issue is a 100 per cent book built IPO, according to a company press release. ... More

OUTLOOK

Oracle upbeat on Asia
ORACLE Corporation announced on Wednesday that the Asia Pacific market accounted for about 20 per cent of its global licence revenues. The Vice-President of Oracle, Mr Derek Williams, said India, China and Australia had shown strong business ... More

NEW PRODUCTS & SERVICES

SMS from PC to mobile
CHENNAI: Yahoo Mobile India has launched a `product' that allows you to send free SMS messages from your computer to mobile phones in any one of 13 different countries ranging from Argentina to the US. India is included in the list, and ... More

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