Financial Daily from THE HINDU group of publications
Thursday, September 01, 2005
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INFO-TECH

OUTSOURCING


TCS, Infosys likely to bag $1.2 b ABN Amro outsourcing deal
Global IT giants Accenture Ltd and IBM were among the front-runners as primary vendors for the infrastructure part of the mega services contract. This mega deal is said to be one of the largest in Europe from a major bank in recent years. More

Lason, Jindal Foundation unit in Karnataka
LASON India and the Jindal South West Foundation (JSW) have come together to create BPO (business process outsourcing) jobs at the Vidyanagar Township in Bellary, Karnataka, to facilitate employment for youth from neighbouring villages. The ... More

TELECOMMUNICATIONS


Revenues of Indian mobile services to reach $24 b by 2009: Gartner
Overall penetration and market opportunity will increase, but with thinner margins. More

Astra Microwave to increase share capital
ASTRA Microwave Products Ltd has decided to increase the authorised share capital from Rs 6 crore to Rs 20 crore. It has informed the BSE that the members at the extraordinary general meeting held on August 31 also okayed the sub-division of ... More

Stop discriminating against GSM operators, COAI tells DoT
THE Cellular Operators Association of India (COAI) on Wednesday expressed concern over discriminatory spectrum practices against GSM (Global System for Mobile Communications) cellular operators. The cellular operators expressed `distress and ... More

INSIGHT


Business Solutions — Future of IT outsourcing
Future competitive advantage in IT services will, in large measure, be defined by mastery over Business Solutions. For service providers, Indian or MNC, cost-competitive, within-budget deployment of technology will be passe. They will have to offer s olutions to improve their clients businesses. More

STOCKS


Flextronics' reverse book-building evokes 12 pc response
FLEXTRONICS Software Systems' reverse book-building issue received lukewarm response on the first day with maximum bids coming at Rs 725 against the floor price of Rs 579. On the first day, the issue received bids for 12.48 lakh shares (around ... More

SOFTWARE


Cognizant sees 50% growth in turnover — Opens Mumbai centre
COGNIZANT Technology Solutions India Pvt Ltd on Wednesday inaugurated its Mumbai Development Centre at the Hiranandani IT Park. The company has approximately 100 professionals at the centre and will raise this to 400 by the end of the year, ... More

LIC offers Rs 6,000-cr cover to Infosys staff
LIFE Insurance Corporation of India (LIC) said that it has offered the largest group term life insurance cover to employees of Infosys Technologies Ltd, for a total sum assured close to Rs 6,000 crore. The policy offers graded insurance cover ... More

Dexterity only Indian exhibitor at European market research meet
DEXTERITY Business Analysts has opened a second facility in the Ambattur Industrial Estate and plans to ramp up operations to become one of the top three players in the next two years. The company, which provides information technology ... More

NEW PROJECTS


Siemon Co sets up offices in India
NEW DELHI: The Siemon Company, a manufacturer of network cabling systems, on Wednesday announced the setting up of its service and support offices in India. "India is a strategic market considering our long-term plan for the Asia-Pacific ... More

ALLIANCES & JOINT VENTURES


Satyam ties up with POSC for data exchange
SATYAM Computer Services Ltd and The Petrotechnical Open Standards Consortium (POSC) today announced the formation of a strategic alliance that will deliver a data exchange system for members of the consortium based in the Asia-Pacific region. ... More

NCI in pact with LightPointe
BANGALORE: NCI India Pvt Ltd, leading networking integrators has entered into a partnership with US-based LightPointe to bring its next generation high-speed outdoor wireless products to India. Under the partnership, NCI will resell ... More

OFF-SHORE DEVELOPMENT


EscrowTech begins operations in Chennai
ESCROWTECH India, a joint venture between Global Business Solutions, an India-based consultancy, and US-based EscrowTech International, has commenced operations in Chennai. The Indian armwill provide software and technology escrow services to ... More

VIRUSES


Intel takes on viruses
CHIP major Intel has spelt out the outlines of its plan to enable devices to monitor network traffic intelligently and make PCs infected with worms or viruses place themselves in quarantine. In a presentation at the recent Intel Developer ... More

ISPS


Offering VPN services — DoT issues show-cause to AT&T, MCI, Equant
THE Department of Telecom has issued show cause notice to overseas telecom carriers AT&T and MCI Worldcom and Equant for allegedly providing end-to-end managed data services without approval. DoT has asked the companies to immediately stop the .. More

EVENTS


Qualcomm-IIT Madras to host CDMA workshop
CHENNAI: Qualcomm Inc., developer and innovator of Code Division Multiple Access and other advanced wireless technologies, will host a two-day CDMA workshop in association with the Electrical Engineering Association, IIT, Madras. The ... More

BRANDS


New name, logo for Net4India
NEW DELHI: Internet company Net4 India Ltd on Wednesday unveiled a new logo while renaming itself `Net4' instead of Net4India. "Our new master brand, Net4, is part of our strategy to graduate to solution orientation. Our clients utilise ... More

IT-ENABLED SERVICES


TVS-E launches multi-lingual call centre in Bangalore
TVS-Electronics, the Chennai-based IT peripheral manufacturer, has launched a multi-lingual call centre in Tumkur near Bangalore, to serve customers in IT and telecom verticals. With an investment of Rs 2 crore, the centre provides technical ... More

PEOPLE


NIIT knowledge biz president relocates
NEW DELHI: IT training company NIIT has announced the relocation of the head of its Knowledge Solutions Business (KSB), Mr Ashish Basu, to India at the end of a two-year stint at NIIT's US headquarters. "As the President of NIIT's ... More

TRENDS


Forrester report points to hike in IT budget by Indian firms
Results point to a two-speed India, where one group is investing in IT for the first time, and the other in upgradation. More



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Top Stories
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In Focus

BHEL Disinvestment
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Aug. 21-Aug. 27
Baring's stake sale delay — MphasiS may see higher attrition

TCS eyeing life sciences, diagnostics sectors

Bharti in $125-m deal with Nokia for rural network expansion

India, Japan sign pacts for collaboration in ICT sector

Panel favours severe punishment for video voyeurs

Pilot assessment programme on in NCR, Mumbai, Bangalore — Nasscom certification for BPO job skills

New convergence device from Sling Media — Watch your favourite TV channel on laptop, desktop or mobile

Novell keen to customise products for Indian market — Buys out partner in distribution venture


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