Financial Daily from THE HINDU group of publications
Thursday, June 09, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
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Gold Std (10 gm)6050

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OUTSOURCING


Captive units continue to rule BPO space
The domestic market for ITES/BPO increased, with the estimated value of work outsourced by clients, doubling to $600 million from $300 million in 2003-04. More

Patni BPO services suite for insurers
PATNI Computer Systems Ltd has announced the launch a BPO Services suite specifically designed for insurance companies. The "Defined Contribution BPO service suite" will allow insurance companies to offload common record keeping tasks ... More

TELECOMMUNICATIONS


Tata Tele to pump in Rs 375 cr in TN circle — Hopes to reach 1m subscribers by end of this fiscal
TATA Teleservices Ltd, which offers CDMA-based (Code Division Multiple Access) mobile and fixed wireless phone services, plans to invest Rs 375 crore in the Tamil Nadu circle in 2005-06. With this, its total investment in the State will go up to ... More

TRAI fiat on interconnection
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has directed all service providers to provide interconnection, for those seeking it, within 90 days of payments made by the interconnection seeker. All the service providers ... More

Phone subscriber base up 2.3 m
NEW DELHI: The number of telephone subscribers increased by 2.3 million in May to touch 102.5 million. While 1.7 million new mobile subscribers came on board , 0.61 million new users chose the fixed line telephone, taking the total ... More

New Blackberry model launched
NEW DELHI: Bharti Cellular Ltd and Research In Motion Ltd have announced the launch of BlackBerry 7100g business phone, targeted at mobile professionals and small businesses. BlackBerry 7100g is a full-featured quad-band mobile phone ... More

HARDWARE


Maran convinces Intel to set up facility
IN a major victory for India in the manufacturing domain, global chip major Intel is likely to set up an advanced test manufacturing facility in the country. "I have been able to convince Intel Chairman Dr Craig Barrett to choose India over ... More

SOFTWARE


Infosys to expand consulting arm
INFOSYS Technologies Ltd plans to increase staff strength at its wholly owned US-based subsidiary, Infosys Consulting, to 500 from the existing 100 by March 2007. "The consulting initiative is doing very well. Over the last one year the ... More

CA bets on Ingres for e-gov projects
COMPUTER Associates International Inc (CA), the US- based software services provider, is eyeing the e-governance, defence and banking and financial services market with its open source-based Ingres database management software. The Consulting ... More

i-flex tool for Austrian bank
MUMBAI: BAWAG PSK, Austria's third largest banking group, has selected i-flex Solutions' flagship product suite, FLEXCUBE, to replace its core banking solutions in central and east European countries, according to a release. The ... More

TCS, Jaczone develop tool
PUNE: Tata Consultancy Services has unveiled its latest innovation, the MAP-WayPointer. The new product has been developed in collaboration with Jaczone, a Swedish based company. Dr Ivar Jacobson, Founder-Chairman, and Chief Technology ... More

HUMAN RESOURCES


Hire right, stay fit
THE country's advantage in the BPO segment could be further augmented if the industry altered its recruitment policy.According to Mr Soumen Basu, Executive Chairman, Manpower Services India Pvt Ltd., most companies were not focussing on the high ... More

SlashSupport on expansion mode
THE US-based SlashSupport, provider of advanced technology support solutions, plans to hire over 1,000 IT professionals over the next six months in Chennai, according to a company press release. SlashSupport, a part of Cybernet Software Systems ... More

ALLIANCES & JOINT VENTURES


Veraz, Telco Systems tie up
COIMBATORE: Veraz Networks and Telco Systems have joined hands to deliver Voice over Broadband and Fibre-To-The-Home (FTTH) solutions to service providers worldwide. The two players share a commitment to voice quality in VoIP (Voice over ... More

OFF-SHORE DEVELOPMENT


Geodesic opens UK centre
THE Mumbai-based software solutions company Geodesic Information Systems Ltd is establishing a development centre in the UK aimed at developing software for the wireless market in Europe, according to the company's Director, Mr Kiran ... More

PEOPLE


Ex-Vodafone chief Darryl Green is new Tata Tele CEO
A FOREIGN expatriate with wide global experience in telecom companies — and whose most recent assignment was with Vodafone — has been appointed as Chief Executive Officer of Tata Teleservices Ltd (TTSL). Mr Darryl Green, TTSL's new ... More


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