Financial Daily from THE HINDU group of publications
Wednesday, August 24, 2005
Markets (August 23)
BL 2502340.34 (-45.98)
BSE Sensex7615.99(-134.61)
S&P CNX Nifty2326.10 (-41.75)
US Dollar (Buy/Sell)43.62/43.75
Gold Std (10 gm)6285 (+35)

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OUTSOURCING


Promantra plans Vizag centre
HYDERABAD: Promantra Synergy Solutions Ltd, a healthcare business process outsourcing company, has drawn up plans to set up a global delivery centre in Vishakapatnam by the third quarter of 2005. The company's employee strength has ... More

TELECOMMUNICATIONS


HDFC Bank, Idea Cellular launch co-branded cards
IDEA Cellular today announced a tie-up with HDFC Bank to launch a range of co-branded products - a Visa credit card for its subscribers and a post-paid connection for HDFC Bank credit card customers. The Visa credit card is available in ... More

Bharti in $125-m deal with Nokia for rural network expansion
Nokia will deploy its low cost Connect GSM Solution for expanding network coverage in rural areas. More

Tata Tele to provide communications solution to IIM-C
TATA Teleservices Ltd (TTSL) and Videsh Sanchar Nigam Ltd (VSNL), both operating under the brand name Tata Indicom, today signed a partnership agreement with the Indian Institute of Management - Calcutta (IIM-C), with a view to providing ... More

LGEIL keen to increase handset market share
LG Electronics India Pvt Ltd (LGEIL) hopes to generate a turnover of Rs 5,000 crore from sales of GSM mobile handsets in the domestic market by 2010. In that year, the company hopes to rake in Rs 4,000 crore from export of GSM mobile handsets, ... More

Tata Indicom, BangaloreOne tie up
BANGALORE: Tata Indicom on Tuesday announced its tie-up with BangaloreOne for payment of its bills by customers at BangaloreOne centres spread across the city. Mr Prabhat Pani, Chief Operating Officer, Tata Teleservices (Karnataka & ... More

INSIGHT


Wireless infidelity can fail in Wi-Fi hotspots to put you in a spot
CHENNAI has always been a political hotspot, it is said, providing lively entertainment to people, what with intense activity in party offices. Now, the city's airport has a Wi-Fi `hotspot', the first of 300 that BSNL has planned for launch in 15 ... More

INFRASTRUCTURE


Ascendas to build technology park in Kolkata
ASCENDAS, a business space provider, said on Tuesday that it was developing a Rs 400-crore International Technology Park in Kolkata. Spread over 20 acres, the International Technology Park - Kolkata (ITPK) will come up at Rajarhat, New Town ... More

HARDWARE


New HP printer for home, small businesses
HP, known for its home computing, imaging and printing technology, is now bringing to the home and business printing landscape an ink-based printing platform - the scaleable printing technology. This will hit the domestic market by ... More

SOFTWARE


SAP opens training centre in Kolkata
To tap the growing scope of business software solutions in the eastern region, SAP India has opened an office and a SAP training centre in Kolkata. The training centre will provide students from Kolkata and the region access to the latest ... More

Global Inc chief exhorts youth to turn job providers
CALIFORNIA-based Global Inc, which recently opened its India Research and Development centre at Bangalore is targeting a turnover of $15 million this year. This five-year old establishment promoted by an Indian - Mr Suhas Gopinath, in the ... More

INTERNET


`Internet will take time to evolve as business model'
SINCE it took a century for the industrial revolution to become a reality, it would be unrealistic to expect the Internet to become a business model overnight, said Mr Ajit Balakrishnan, founder and CEO of rediff.com. Speaking at the ... More

IIITM-K sets up portal for computational chemistry
EMINENT scientist Dr C.N.R. Rao will formally launch the scientific portal on computational chemistry being set up by the Indian Institute for Information Technology and Management-Kerala (IIITM-K) on Tuesday next. The Kerala Chief Minister, ... More

IT TRAINING


Online e-education project
VISAKHAPATNAM: Software and Data Entry Entrepreneurs' Association here is taking up an e-education project to offer online teaching classes for students in high schools and junior colleges. Mr D. Ravi Kumar, the president of the ... More

E-COMMERCE & E-BUSINESS


Internet trading of stocks yet to take off
DESPITE the boom in the stock markets, Internet trading seems to have not caught on in a big way. According to data collated by the Finance Ministry, for the period between July 1 and August 18, 2005 Web trading accounted for just 0.09 per cent ... More

EVENTS


India, Japan meet today on co-operation in ICT
INDIA and Japan would sign a joint statement for bilateral co-operation in communications and IT tomorrow, under which the two sides would seek to develop joint proposals in R&D, HRD, e-governance, ITES, e-commerce, and rural ... More

PEOPLE


Nipuna opts for India-based CEO
A SENIOR Deutsche Bank official, Mr Venkatesh Roddam, has joined Nipuna, the BPO subsidiary of Satyam Computer Services, as the new Chief Executive Officer effective August 16, 2005. Prior to joining Nipuna, Mr Venkatesh was the Global Head of ... More

Reliance Entertainment head
MANGALORE: Anil Dhirubhai Ambani Enterprises (ADAE) has appointed Mr Rajesh Sawhney as President of Reliance Entertainment. An ADAE press release said here on Tuesday that Mr Sawhney would be a key member of the ADAE leadership team in ... More




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