Financial Daily from THE HINDU group of publications
Saturday, September 10, 2005
Markets (Sept 9)
BL 2502426.48 (+1.77)
BSE Sensex8060.01 (+7.45)
S&P CNX Nifty2455.45 (+1)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6400 (+20)


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ANNOUNCEMENTS


Samsung to invest $12.5 m in R&D
SAMSUNG on Friday said it would invest $12.5 million this year in its research and development (R&D) facility at Noida, which focuses on customising consumer durable products for the Indian market. "So far, Samsung has invested $15 million in . More

C&W wins Ventura contract
PUNE: Cable & Wireless, the telecom and networking company offering voice, data and IP solutions, has announced that it had won a £ seven-million ($12.9 million) contract spread over three years from Ventura, one of UK's largest ... More

OUTSOURCING


HTMT sets up BPO facility in Mauritius
HINDUJA TMT Ltd (HTMT) has set up a 350-seat business process outsourcing facility at Ebene Cybercity, Mauritius. The new centre is in keeping with the overall global expansion strategy of the company, an HTMT press release said. "We now ... More

Nasscom offers call centre seats for Katrina relief work
THE Indian Business Process Outsourcing (BPO) industry, under the aegis of the National Associationof Software and Services Companies (Nasscom), Nasscom has written to US Department of Homeland Security offering over 1,000 call centre seats to ... More

exevo research facility
NEW DELHI: exevo, a knowledge process outsourcing (KPO) firm offering market research and support services, inaugurated its research facility in New Delhi. The 35,000-sq. ft. facility is expected to house 1,000 research professionals by ... More

AWARDS & HONOURS


UK award for TCS
THE British Prime Minister, Mr Tony Blair, presented the `UK Trade and Investment Special Recognition Award' to Tata Consultancy Services (TCS), in recognition of the company's contribution to UK's knowledge economy. "For 30 years, TCS has been ... More

TELECOMMUNICATIONS


You can recharge RIM phones with Itz Cash Card
INTREX India Ltd, an Essel group venture, hopes to generate Rs 350 crore from sales of its Itz Cash Card in the current fiscal. The Itz Cash Card is stated to be India's first multi-purpose pre-paid card that enables customers to top-up mobile ... More

Alcatel-C-DoT research venture takes off — ITI's Rae Bareilly unit to reopen in two months
THE $14.7-billion French telecom major Alcatel's involvement would help ITI revive in two months its Rae Bareilly factory that had been dormant for some time now. Announcing this at the inauguration of the Alcatel-C-DoT joint venture telecom ... More

TDSAT orders Tata Tele to pay access deficit charge on Walky
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) today said that the fixed wireless telephones being offered by Tata Teleservices under the `Walky' brand would be treated at par with WLL (mobile) services and ordered the company to start ... More

Telecom service officers up in arms against DoT move
INDIAN Telecom Service (ITS) officers and the Department of Telecom are heading towards a collision course over the issue of absorbing 2,000 officers in state-owned Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. While the ITS ... More

INFRASTRUCTURE


Maran cautions TN Govt on infrastructure
THE Communications and IT Minister, Mr Dayanidhi Maran, on Friday cautioned that Chennai would go the Bangalore way, if the Tamil Nadu Government did not learn lessons from the mistakes of other States in not improving ... More

Technopark veterans hail Smart City project at Kochi
THE Group of Technopark Companies (GTECH) and the larger IT fraternity have praised the State Government for braving the odds and taking the first firm step to realising the Smart City project in Kochi. The State Government and the Dubai ... More

HARDWARE


Samsung unveils `health-friendly' monitor
SAMSUNG India on Friday announced the launch of its health-friendly `MagicGreen' monitor, which emits far-infrared rays and anion rich radiation that improves the user's metabolism and makes the working environment bacteria-free. "The ... More

19-inch Acer monitor
BANGALORE: Acer has announced the launch of a 19-inch wide screen TFT monitor. The monitor has a 500:1 contrast ratio, 350 cd/m2 brightness and 40,000 hours of backlit time. It comes with 2 inbuilt speakers and a maximum resolution of ... More

SOFTWARE


Symbian shifts focus to mass market devices
The company wants to make the mobile phone appear more simple in the hands of the customer. More

Infosys Mangalore centre completes ten years
THE Mangalore Development Centre of Infosys, the first development centre outside Bangalore, celebrated its tenth anniversary on Friday. The centre, which began operations with 20 employees on September 8, 1995, has more than 1,600 employees ... More

Sasken lists at 54% premium on BSE
THE shares of Sasken Communication Technologies Ltd made a debut listing on Friday on the Bombay Stock Exchange at Rs 400 a share, a 54 per cent premium to its initial public offer price of Rs 260 a share. Sasken shares closed the day at Rs ... More

MERGERS & ACQUISITIONS


Aztec shortlists acquisition targets
AS part of the plans to diversify into segments complementary to its existing service offerings in software product engineering, Aztec Software and Technology Services (Aztec) is looking to acquire small software firms. Aztec has identified ... More

ALLIANCES & JOINT VENTURES


Zensar, Microland in pact
PUNE: Zensar Technologies has announced a strategic alliance with Microland to provide an integrated offering in applications and infrastructure management for its global customers. With this alliance, Zensar and Microland aim to ... More

E-MAIL


E-mail security solution
BANGALORE: Symantec Corp has announced an e-mail security and availability solution for enterprises. The company claims this solution reduces spam, stops viruses, automatically manages the lifecycle of older e-mails by archiving, and ... More

BROADBAND


BSNL aims at 1 m broadband customers by year-end
BSNL hopes to increase its broadband customer base to 10 lakh by the year-end from 1.25 lakh currently, according to Mr A.K. Sinha, Chairman and Managing Director. BSNL launched broadband services on January 14 this year. "We are on the cusp of ... More

OUTLOOK


Huge scope for predictive analytics: Karnik
PREDICTIVE analytics, which connects data to effective action by drawing reliable conclusions about current conditions and future events, provides an exciting opportunity for Indian software companies, according to Mr Kiran Karnik, President, ... More

TRENDS


Bangalore losing out on IT investments, says Chamber
STPI refutes: `More firms set up shop'

IS Bangalore losing its appeal as the preferred investment destination for technology companies? Yes, says the Bangalore Chamber of Industry and Commerce (BCIC), an apex industry body representing the interests of medium and large companies in ... More



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