The Hindu Business Line : Friday, May 05, 2006

Investment firms, Premji to get pref shares in JM Fin
Mr Azim Premji, founder and CMD, Wipro Ltd, will buy 8.75 lakh shares in the Mumbai-based investment bank JM Financial Ltd at Rs 639 per share through a preferential share allotment valued at about Rs 56 crore. JM Financial also decided to make ... More

TELECOMMUNICATIONS

DoT demands foolproof verification of mobile users
The Department of Telecom (DoT) has hauled up mobile operators, both GSM and CDMA, for not adhering to stipulated procedures for verifying subscribers before allotting a connection. DoT has said in a letter to the operators that the instructions ... More

FINANCIAL PERFORMANCE

Cognizant Q1 net jumps
Cognizant Technology Solutions Corporation, a US-based provider of information technology services with development centres in India, reported a net income of $53.6 million for the first quarter 2006 compared with $32.0 million in the first ... More

HARDWARE

New Sun Micro blade servers
Sun Microsystems has introduced new Netra AdvancedTCA blade servers family, which includes UltraSPARC and AMD Opteron processor-based ATCA blades. "Sun's new Netra ATCA blade server family adds innovation to open standards-based ... More

Apple unveils new MacBook Pro
Apple Computers has unveiled a 17-inch MacBook Pro notebook computer featuring the Intel Core Duo processor. The MacBook Pro weighs only 3.1kg, includes a built-in video camera for video conferencing, Apple Remote and MagSafe ... More

SOFTWARE

MphasiS is Integrien's partner
MphasiS, a business process outsourcing firm, has become one of Integrien's core development partners and will sell and implement Integrien's flagship integrity management solution, Integrien Alive, on a global scale. Through this partnership, ... More

Cognizant tool for US media co
Cognizant Technology Solutions, a US-based provider of IT services with development centres in India, has been selected by Publishers Circulation Fulfillment Inc (PCF) to deploy a complete end-to-end SAP IS-Media solution across ... More

INDUSTRY ASSOCIATIONS

DoT's spectrum policy gets COAI support
Allocation not part of public defined policy: Ratan Tata More

HUMAN RESOURCES

InfoVision plans expansion, to raise headcount by 2,000
Customer support services and solutions provider InfoVision is aggressive on growth and expansion. The New Delhi-based company is planning to increase the headcount by 60 per cent, provide support services for the healthcare and pharmaceutical ... More

Microsoft to double Hyderabad workforce
Microsoft India will double its workforce at Hyderabad and is recruiting people of Indian origin in the US to work here, according to Ms Rebecca DuBose Ward, Director, Intellectual Property & Licensing, Microsoft India (R&D) Pvt Ltd. Addressi More

MERGERS & ACQUISITIONS

3i Info has on its radar 5 or 6 small product firms
To tap managed services business, sees scope in capital market segment More

ALLIANCES & JOINT VENTURES

2nz Animation unit in Kolkata
The Mumbai-based animation company 2nz Animation has tied up with IT company Rahul Commerce of Kolkata to set up an animation production house here at an estimated investment of Rs 2.5 crore. Christened `Metaphor Studios', the production house ... More

Vignette, Virtusa to expand ties
Vignette and Virtusa on Thursday announced a strategic partnership to expand their engagement to leverage the Vignette Centre of Excellence, in Virtusa's Hyderabad Technology Centre, for Vignette product management, product ... More

MindTree joins WiMAX Forum
MindTree Consulting said on Thursday that it has joined the WiMAX Forum. The WiMAX Forum is an international, industry-led, non-profit corporation formed to promote and certify the conformance and interoperability of broadband ... More

EVENTS

C&K to participate in US expo
C&K Management, a Hyderabad-based e-learning content company, will participate in the expo being organised by the American Society for Training and Development (ASTD) at Dallas, Texas during May 8-10. ASTD, an association ... More

WORK LIFE

IT cos wake up to work-from-hometown concept
Connectivity, bandwidth major stumbling blocks in the process More

SOCIETY & DEVELOPMENT

Bharti charts Rs 200-crore primary education project
RURAL REACH More

For a social cause
QUALITY EDUCATION: Mr Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Enterprises; flanked by Mr Rajan Bharti Mittal (right), JMD, Bharti Tele-Ventures; and Mr Rakesh Bharti Mittal, Vice-Chairman, Bharti Enterprises; at a press .. More

VENTURE CAPITAL

Oak invests $30 m in GCI
Venture capital firm Oak Investment Partners has picked up a minority stake in IT services firm Global Consultants Inc (GCI) by investing $30 million. The GCI Chairman and CEO, Mr Hiten Patel, said the funds would be utilised to expand the ... More

IT-ENABLED SERVICES

Vipul-Laing O'Rourke venture eyes remote facilities management
Targets clients in US, UK, West Asia to remote-manage buildings More

OUTLOOK

Yahoo keen on big slice of action in India
Sees India among top Internet markets in the world within 5 years More

PEOPLE

WeP expands management team
WeP Peripherals has announced the appointment of three professionals to strengthen its existing management team. Mr Arvind Tiwari has been appointed as the Chief Operating Officer (COO) and will be responsible for driving WeP's ... More

TRENDS

Broadband penetration still low: Report
South Africa, Hong Kong lead the way More

NEW PRODUCTS & SERVICES

Spectrum service to help lawyers
`eJurix' provides database of court rulings More