The Hindu Business Line : Tuesday, May 30, 2006

OVERSEAS BORROWINGS
Subex to hike authorised capital
Shareholders of Subex Systems Ltd have approved the company's plans to increase the authorised share capital to Rs 40 crore from Rs 32.10 crore at an extraordinary general meeting on Monday. The shareholders also approved the issue of a ... More

STORAGE
New Hitachi storage platform
Crushing through the stack of monolithic storage offerings, Hitachi Data Systems, a wholly owned subsidiary of Hitachi Ltd, has reinforced its TagmaStore Universal Storage Platform. This includes a 25 per cent boost to overall ... More

TELECOMMUNICATIONS
Aircel reaches a milestone
Mobile phone service provider Aircel Ltd has reached a new landmark by extending its coverage to the 600th town - Senjerimalai in Coimbatore district - on Sunday. Mr K.V.P. Baskar, CEO, Aircel, inaugurated the service. A ... More

SOFTWARE
Ramco Systems plans to transfer unit
Ramco Systems Ltd plans to transfer its Secured Converged Networking division, the largest division for the company, to a subsidiary called Ramco Infotech Solutions Ltd. The company's board has approved this proposal and it will ... More

SatNav adopts hosted mode
SatNav Technologies on Monday announced the launch of its facilities management solutions through a hosted mode as an Application Service Provider (ASP). The company's flagship product a-Mantra, a Computer Aided Facilities Management product, ... More

i-flex sets up Castek competency centre
i-flex Solutions Ltd has set up a Castek competency centre in Bangalore to provide IT solutions to the global property and casualty insurance industry. i-flex had forayed into the insurance space by picking up around 73 per cent stake in ... More

INTERNET
Social networking sites popular
A survey by Nielsen/NetRatings, an Internet media and market research firm, has shown a sharp rise in the growth of social networking sites. The study also said that successful sites exhibited a high visitor retention rate. Mr Jon Gibs, Senior ... More

Srikkanth floats new cricket portal
Former captain of Indian cricket team Kris Srikkanth on Monday launched krishcricket.com, a cricket portal that offers gaming and sports entertainment. "The main attractions of the portal are the games developed exclusively for ... More

HUMAN RESOURCES
Sundaram Info to triple headcount
Sundaram Infotech Solutions (SIS), the information technology services arm of Sundaram Finance Ltd, plans to hire over 500 professionals in the next 12 months, thus tripling its headcount in Chennai. The company, which recently ... More

Wipro staff graduate from online school
Over 100 senior Wipro executives graduated today from the U21Global Certificate of Management Studies. U21G is an online graduate school with specially designed programmes catering to working professionals. Wipro executives ranging from senior ... More

ALLIANCES & JOINT VENTURES
HCL Info to support Apple iPods here
Unveils entertainment portal to offer content More

OFF-SHORE DEVELOPMENT
US co Relativity Tech sets up arm in Chennai
Plans additional offices to support software adoption More

EVENTS
Meet on `IT for business benefit'
The Kerala Chamber of Commerce and Industry and CIOL, part of the Cyber Media Group, have jointly organised a seminar on `IT for business benefit' for small and midsize companies here. Mr Raja Sethunath, Vice-President of the ... More

IPOS
L&T Infotech plans IPO by 2008
New campus in Bangalore; to hire 2,000 more More

VENTURE CAPITAL
Nimaya gets $3 m from Updata Partners
Nimaya Inc, a technology provider, has announced that it has completed a $3-million (about Rs 13.5-crore) Series A round of financing by Updata Partners. Nimaya plans to use this fresh capital infusion to expand its application suite, sales and ... More

PEOPLE
New Satyam Senior V-P
Satyam Computer Services Ltd on Monday announced the appointment of Mr Michael Gallup as the Senior Vice- President of its Energy and Utilities Vertical Business Unit. Mr Gallup's mandate is to provide leadership in building new ... More