The Hindu Business Line : Tuesday, June 06, 2006

OUTSOURCING
Genpact tops list of third-party BPOs
Genpact has topped Nasscom's list of top 15 third-party ITES-BPO companies based on revenue parameter, with WNS and Wipro BPO in second and third positions. Genpact (formely GECIS) had not figured out in last year's list due to its "captive ... More

US Tech launches green drive
US Technology Resources (USTRI), a Technopark-based IT and BPO services provider, has launched an eco-initiative to coincide with the World Environment Day. USTRI will partner with the State Forests Department to plant 2006 ... More

TELECOMMUNICATIONS
Reliance links Rashtrapati Bhavan, US university
Reliance Communication's telecom solution was chosen to connect Rashtrapati Bhavan and the University of California, during the recently held US - India summit in education, research and technology. Mr A.P.J. Abdul Kalam, President of ... More

Reliance Comm Ventures' GDR/ADR issue okayed
An extraordinary general meeting of Reliance Communication Ventures Ltd has approved the issue of sponsored global depository receipts/American depository receipts of the company for an amount not greater than $1 billion (Rs 4,500 crore). The ... More

FINANCIAL PERFORMANCE
California Software net up
California Software Ltd, the Chennai-based software company, has reported a net profit of Rs 4.70 crore for the fiscal ended March 31, 2006 compared with a net profit of Rs 3.35 crore for the corresponding fiscal, an increase of ... More

SOFTWARE
Tech Mahindra tool to check intellectual property leakage
Appraisal for SSE CMM Level 3, setting up an own campus at Hinjewadi and launch of the Inte-leak solution looks the roadmap for Tech Mahindra, providers of solutions to telecom companies. Talking to presspersons, Dr Premchand, Vice-President ... More

Malaysia's CGC deploys KASTLE
3i Infotech's universal lending solution `KASTLE{trade}' has been chosen by Credit Guarantee Corporation. Malaysia Berhad (CGC), one of Malaysia's leading Development Financial Institutions, for its business operations. The company did not ... More

Solix is Sun partner
Solix Technologies has announced it is a Principal Partner in the Sun Partner Advantage Programme for Independent Software Vendors (ISVs). Thereby, Solix joins the growing community of ISVs that are developing applications for or ... More

INTERNET
Yahoo unveils My Web 2.0 in India
Yahoo! Search announced the release of My Web 2.0 in India. My Web 2.0 enables users to create their own personal online archive by saving their favourite pages, search results, and search history to My Web. Users can save, ... More

MERGERS & ACQUISITIONS
Patni buys ZAiQ Tech
Patni Computer Systems has acquired a US-based company ZAiQ Technologies through an asset purchase transaction for $ 425,000 (around Rs 2 crore). Patni will be buying the following assets: hiring an eight-person Application specific integrated ... More

Sify acquires Globe Travels
Marks foray into online travel business More

INTERVIEW
Globally integrated network is IBM plank
I see clients looking at projects as end-to-end solution, says Ms Rometty More

EVENTS

Looking Back

PEOPLE
Tim joins Satyam as V-P insurance
Satyam Computer Services has announced the appointment of Mr Timothy (Tim) Montgomery as Senior Vice-President, Global Insurance Practice. Based out of Massachusetts, Mr Tim will focus on adding value to the existing and new ... More