Financial Daily from THE HINDU group of publications
Thursday, May 18, 2006
Markets (May 17)
BSE Sensex12217.81(+344.08)
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US Dollar (Buy/Sell)45.22 (-0.28)


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INFO-TECH

ANNOUNCEMENTS


Capgemini to deploy Cisco's solutions
Communications and network infrastructure provider Cisco Systems announced that Capgemini India, an outsourcing services firm, would deploy Cisco's switching and routing solutions, IP telephony and security in its integrated ... More

TELECOMMUNICATIONS


Collaboration applications for mobiles
Latest collaboration applications for mobiles are being developed at Microsoft's India Development Center (MIDC) at Hyderabad. The unified communications client created, `Microsoft Office Communicator Mobile', lets users connect ... More

BSNL cuts call rates to fixed pvt networks by 75 pc
It has also reduced intra-circle charges for calls made from BSNL fixed phones to other WLL phones by 25 per cent, by reducing the rates from Rs 1.60 a minute to Rs 1.20. More

Airtel Tamil SMS service
Airtel customers in Chennai and Tamil Nadu can now send SMS in Tamil, with the company launching its Tamil SMS service in the State. The users would have to download the application from `Airtel Live' on to their handsets, after which the ... More

XL Telecom files prospectus with SEBI for public issue
XL Telecom Ltd, a Secunderabad-based company, has filed draft red herring prospectus with SEBI to raise funds to meet expansion plans. The company is set to shortly come out with a public issue of 39 lakh shares and plans to raise funds through ... More

TVSICS bags Hyderabad airport deal
TVS Interconnected Systems Ltd (TVSICS), part of the $3-billion diversified TVS Group, has bagged a mandate to partner with Siemens Information Systems consortium to develop a structured telecom backbone network for Hyderabad International ... More

SOFTWARE


Open offer for MphasiS BFL shares
Citigroup Global Markets India Pvt Ltd acting on behalf of TH Holdings along with Electronic Data Systems Corporation has advanced the open offer schedule for acquisition of MphasiS BFL Ltd shares from existing shareholders. The ... More

INTERNET


New travel search engine launched
MOBISSIMO Inc, a comprehensive travel search engine, has launched its Indian Web site (www.mobissimo.com) . The company, in a statement, said that the site searches for prices directly from ... More

Indians seeking jobs online up 71 pc: Survey
The number of Indians seeking jobs online touched 6.5 million in 2005-06 recording a rise of 71 per cent over last year, and the figure is estimated to cross 9.2 million this year, according to a latest survey. As per the a study conducted by ... More

HUMAN RESOURCES


Infosys HR value up 65%
Software major Infosys Technologies has estimated the value of its human resources of 52,715 employees including both delivery and support staff at Rs 46,637 crore for fiscal 2006. This represented a growth of 65 per cent over the previous year's ... More

MERGERS & ACQUISITIONS


Ontrack to acquire US-based Intellisys Group
Ontrack Systems Limited would be acquiring US-based Intellisys Group for approximately $ 6.94 million in cash and shares. The acquisition would be completed by end-September. At a press briefing on Wednesday,Mr Ramdevan Krishnaswamy, Founder ... More

ALLIANCES & JOINT VENTURES


Enzen Global ties up with Dutch co
Enzen Global Solutions has entered into a joint venture with The Netherlands-based Closed Gap to offer fully integrated customer care, metering and billing solutions through the Internet in SaaS (Software as a Service) model. The ... More

OFF-SHORE DEVELOPMENT


Maples opens $12-m facility in Chennai
Maples ESM Technologies Ltd has opened a $12-million (Rs 55-crore) facility in Chennai. The centre has high-end servers like IBM Mainframe, HP, and Sun, and is designed to provide IT services to the company's global clients in "remote IT ... More

ObjectFrontier launches marketing hub at Montreal
One more technology centre in Chennai likely More

CONVERGENCE


`Smart Home' — the next big thing in communications
Not too far in the future, your `home sweet home', could well also be converted into a `Smart Home', if you so desire and can afford it. Technology is already in place, and all it requires is service providers, availability of broadband and ... More

EVENTS


IT exhibition from May 18
A three-day IT exhibition called `Mega IT Mela and IT Vision 06' is being organised by the All-Kerala IT Dealers Association from May 18 at the Town Hall. About 40 MNCs are expected to participate in the event, which will ... More

OUTLOOK


Thinksoft sees 75 pc growth in revenue
Thinksoft, the Chennai-based independent software testing company, is expecting 75 per cent revenue growth to about $14 million (Rs 63 crore) during the current year from $8 million (Rs 36 crore) last year, according to its CEO, Mr Asvini Kumar. ... More

PERFORMANCE


Brand Infosys valued at Rs 23,000 cr
Market capitalisation up by 35 per cent More
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