The Hindu Business Line : Wednesday, October 19, 2005

Max Telecom exits Hutchison Essar — Divests 3.16-pc stake in Rs 657-cr deal
MAX Telecom Ventures Ltd, a subsidiary of Max India, has divested its entire 3.16 per cent stake in Hutchison Essar Telecom to Essar Teleholdings Ltd in an all-cash deal aggregating Rs 657 crore at a sale price of Rs 607 per share. Since Max ... More

TELECOMMUNICATIONS

Ratan Tata to head Tata Teleservices
MR Ratan Tata is taking over as the Chairman of Tata Teleservices Ltd (TTSL), pan-India telephony access provider offering both fixed line and mobile services based on CDMA technology. The board of directors of TTSL on Tuesday accepted the ... More

BK Modi group co buys out Distacom stake in Spice Tele
THE B.K. Modi-controlled McorpGlobal has bought out the stake of Hong Kong-based Distacom and AIG's Emerging Market Fund in Spice Telecom's Karnataka circle. The buyout ends months of intense speculation that Spice Telecom was on the lookout ... More

FINANCIAL PERFORMANCE

Zensar Tech Q2 revenue up 16 pc
ZENSAR Technologies, software and BPO services provider, has reported a 16-per cent rise in revenues with consolidated revenues of Rs 99 crore for the quarter ended September 2005 compared to Rs 86 crore for the corresponding previous ... More

HARDWARE

SPIC hikes stake in SPEL Semiconductor
SPIC increased its stake in SPEL Semiconductor to 55.62 per cent during the quarter ended September 2005, from 34.97 per cent in the previous quarter. SPIC, SPEL's promoter, converted to equity an unsecured loan of Rs 36.80 crore that it ... More

SOFTWARE

Juniper channel partners
BANGALORE: The US-based Juniper Networks, provider of networking and security solutions, has announced a new category for its channel partners — J-Partner Application Acceleration Specialization. J-Partner, which specialises in ... More

Cyclone Commerce, MBT in pact
PUNE: Cyclone Commerce, the collaborative commerce company, announced that it had signed a global systems integration agreement with Mahindra British Telecom (MBT), service provider in the telecom space. . Under the partnership and ... More

TCS bags BPO deal from UK insurer
A subsidiary in which Pearl will be a minority, passive partner would be created to handle the project. More

South accounts for 62 pc of software, services export
THE southern region is estimated to have accounted for 61.8 per cent of the total exports of computer software and services in 2004-05, according to the Electronics and Computer Software Export Promotion Council (ESC). "In absolute terms, ... More

INTERNET

Big Idea Chair award from Yahoo!
MUMBAI: Yahoo! India is bringing its Big Idea Chair Award for creative and media excellence to India. The award, which has been part of several international award functions in the US, such as the Addy Awards and CLIO Awards, would be ... More

EVENTS

Qualcomm to hold developers meet
THE California-based Qualcomm, provider of digital wireless communications products and services based on CDMA and other technologies, on Tuesday announced that the BREW 2005 Developers Conference-India will be held on October 26-27 in Mumbai. ... More

IPOS

Prithvi Info price band at Rs 250-270
PRITHVI Information Solutions is entering the primary market with an IPO of 50 lakh shares with the price band at Rs 250-270 through the book-building route. The amount raised by the company will be in the range of Rs 125 crore to Rs 135 ... More

NEW PRODUCTS & SERVICES

Microsoft launches easier licensing programme for small customers
OUTLINING a three-pronged strategy to sharpen its focus on Small and Medium Businesses (SMBs), Microsoft Corporation India today said it is doubling investments and headcount in the segment and would expand its reach to 33 cities from the ... More

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