INFO-TECH
OVERSEAS BORROWINGS
SQL Star to raise $20 m
The board of directors of SQL Star International Ltd, on Wednesday approved the company's plans to raise up to $20 million to fund its acquisition plan and for investments in the current lines of businesses, a company statement said. The company ...
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OUTSOURCING
US-based equity firms acquire Vertex
UK-based business process outsourcing firm Vertex, a subsidiary of United Utilities, has been acquired by a consortium of US-based private equity firms led by Oak Hill Capital Partners. The estimated value of the deal is £217.5 million, which ...
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SBS inks payroll deals
Sundaram Business Services (SBS), the BPO arm of Sundaram Finance Ltd, has signed two outsourcing agreements with Danish and German companies in the payroll processing space, according to a press release. More such agreements ...
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TELECOMMUNICATIONS
Tata Indicom unveils e-store
Leveraging the power of Net retailing, Tata Indicom recently unveiled its online store — www.ichose.in — for post-paid mobile connections. Claiming the new initiative to be the first of its kind ...
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POLICY
Draft IT policy aims to make Kerala an inclusive knowledge society
Emphasis on free software; incentives to ICT companies
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FINANCIAL PERFORMANCE
NIIT Tech PAT rises 92% in Q3
NIIT Technologies Ltd has reported a 92-per cent jump in profit-after-tax (PAT) at Rs 34.6 crore for the third quarter ended December 31, 2006, compared with Rs 18 crore posted during the corresponding quarter of the previous fiscal. The company ...
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Infotech Enterprises Q3 net up at Rs 20 cr
Infotech Enterprises Ltd has posted a consolidated total income of Rs 143.06 crore and a net profit of Rs 20 crore for the third quarter ended December 31, 2006, compared with a total income of Rs 95.27 crore and a net profit of Rs 11.80 crore ...
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SOFTWARE
TCS launches next wave of innovation
Celebrating 25 years of innovation in the IT industry, the Tata Research Design and Development Centre launched the next wave of collaborative innovation through its Co-Innovation Network (COIN) on Wednesday. The network was launched by the ...
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Chile woos IT companies
`Stable and fast-growing country'
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Cambridge Technology issue oversubscribed
Cambridge Technology Enterprises Ltd (CTEL), which went public to raise funds, has announced that its issue that closed on January 9 was subscribed by over 6 times. The company offered 63.15-lakh equity shares of Rs 10 each at a premium of Rs ...
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New Adobe product
Adobe visualises the roll out of RoboHelp 6.0 as a strong product release that would see greater support and adoption in the market. Mr Naresh Gupta, Senior Vice- President (Print and Classic Publishing Business Unit (PCBU)) ...
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IT TRAINING
Wipro's Retail Learning Centre
The Portugal President, Mr Anibal Antonio Cavaco Silva, inaugurated Wipro's Retail Learning Centre in Bangalore on Tuesday. The centre is a key enabler in strengthening Wipro's Oracle Retail competencies globally, said a company ...
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HUMAN RESOURCES
Wipro Q3 net profit rises 41 pc, revenues up 45 pc
Good volume growth from global IT business: Premji
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Wipro plans to hire 14,000 freshers
More intake at entry level to keep a tab on costs
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MERGERS & ACQUISITIONS
Orascom claims first right of refusal for Hutch
Adding a new twist to the Hutchsion Essar saga, Egypt-based Orascom said on Wednesday that it held the first right of refusal in case Hutchison decides to sell equity in Hutchison Telecom International Ltd (HTIL). Orascom indirectly holds close ...
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REGULATORY BODIES & RULINGS
3G policy by February
1900 Mhz band may be opened up for CDMA players
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EVENTS
`Digital Kerala 2006' released
The Chief Minister, Mr V.S. Achuthanandan, today released `Digital Kerala 2006', a directory of ICT initiatives in Kerala. The book, published by the Kerala State IT Mission, has information on the various ICT initiatives of the ...
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SOCIETY & DEVELOPMENT
Satyam emergency services set to cover whole of AP
The new thrust would mean adding 310 more ambulances taking the total number to 380. The number of staff working for the network also would go up to 1,500 from the present 900.
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