INFO-TECH
PREFERENTIAL ALLOTMENTS
Moschip AGM okays pref issue
Moschip Semiconductor Technology Ltd, at its 7th Annual General Meeting (AGM) on Friday approved allotment of 16.5 lakh warrants in one or more tranches on a preferential basis to Mr Achal Ghai, Mr Madhu Mohan Katikaneni, Mr K. ...
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OVERSEAS BORROWINGS
Northgate Tech to raise $41 m
The Hyderabad-based technology company Northgate Technologies Ltd plans to raise up to $41 million to fund its expansion plans and has identified five funds for the private placement issue. UBS Securities Asia Ltd, A/C Swiss Finance Corporation ...
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NEW BUSINESS
Satyam bags Punjab & Sind Bank deal
Satyam Computer Services Ltd has signed a 10-year Rs 135 crore ($30 million) contract with Punjab & Sind Bank to implement and maintain the Core Banking System (CBS) for the bank. With this arrangement, Satyam has been mandated to provide ...
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SoftSol to expand; bags $5-m US deal
SoftSol India, a Hyderabad-based IT services provider, has restructured its operations and plans to expand its development centre and target larger deals. The company has announced that it has bagged a $5 million (about Rs 22 crore) deal from a ...
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AWARDS & HONOURS
MS India e-gov awards
Microsoft India has announced awards for the most successful e-governance projects implemented by the National Informatics Centre (NIC), State departments and the Department of Information Technology. Of the 300 nominations, 20 were awarded for ...
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TELECOMMUNICATIONS
Tata Tele mobiles for Rly staff
Tata Teleservices has issued 2,200 CDMA mobile phones for the running staff of South Central Railways, Secunderabad. The phones will be issued to drivers, assistant drivers, guards and their supervisors with exclusive serial telephone numbers. ...
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UniverCell launches portal
UniverCell, a Chennai-based retail chain that sells mobile phones and accessories, has targeted revenues of Rs 3,000 crore by 2009, according to Mr Sathish Babu, Managing Director. The company recorded revenues of Rs 72 crore this ...
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Cell phone expo in New Delhi
Mobile Asia 2006, a consumer exhibition on mobility, is to be held from October 13-16 in New Delhi, Mr Pankaj Mahindroo, President, Indian Cellular Association (ICA), said. A press release quoting Mr Mahindroo said the mobile ...
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INFRASTRUCTURE
TCS Gujarat SEZ to be ready by 2008
Initiative with State Govt to train students on `hot' technologies
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SAAG bags IT Park construction order
Infrastructure company SAAG RR Infra Ltd, a subsidiary of SAAG Consolidated (M) BHD, has bagged an order of Rs 12 crore from Bhawan Cybertek Pvt Ltd, for the construction of an IT park at Okkiyam Thoraipakkam near Chennai. The ...
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HARDWARE
NXP Semiconductors' product
NXP Semiconductors has announced an ARM7-based microcontroller series with dual high-speed buses. The NXP LPC2300 and LPC2400 allow simultaneous operation of high-bandwidth peripherals such as Ethernet, USB On-The-Go (OTG), ...
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SOFTWARE
Chess tool for the visually challenged
GTL Foundation, a public charitable trust, has announced the launch of a chess software "TALK 64" for the visually challenged. The software speaks out every single move played on the chessboard. It has speech and multiple ...
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NVIDIA's visual computing system
NVIDIA has announced that NVIDIA Quadro Plex 1000, a visual computing system, is now available directly from authorised partners. The NVIDIA Quadro Plex VCS, available in three models, is designed to interface with standard ...
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INTERNET
National water portal on the anvil
To be a part of the national project of a knowledge network
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`Info upload in Indian languages growing'
Information upload in Indian languages is growing rapidly, said Mr Jimmy Wales, Founder, Wikipedia, speaking at the Infovision Summit. Wikipedia is an online encyclopaedia that allows users to edit and add their inputs to various topics. ...
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FOREIGN DIRECT INVESTMENT
Govt to go ahead with raising telecom FDI to 74%
Timeframe to comply with provisions extended
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MERGERS & ACQUISITIONS
Wipro Infra acquires Swedish co Hydrauto
Wipro Infrastructure Engineering (WIN), a subsidiary of Wipro Ltd, has acquired 100 per cent stake in the Sweden-based Hydrauto Group AB (Hydrauto) for $31 million in all cash deal. Mr Anurag Behar, Managing Director, WIN, said the acquisition ...
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BROADBAND
Now toons through broadband
Cartoon Network to offer the service on Tata Indicom Broadband
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