Business Daily from THE HINDU group of publications
Wednesday, February 21, 2007
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INFO-TECH

NEW BUSINESS
NetElixir bags 2 clients
NetElixir, a pay per click management services provider based in Hyderabad, has announced its partnership with ineedhits, an Australian online search marketing agency, and Cocomore, a German interactive advertising agency. In ... More

TELECOMMUNICATIONS
`Mobile users to drive Net growth'
The rapidly growing mobile user base in developing countries such as India and China, and not personal computers, will drive the growth of the worldwide web in future, said Mr Vinton G. Cerf, Vice-President and Chief Internet Evangelist, Google. ... More

Network congestion still a problem, says TRAI
The level of congestion between networks remains alarmingly high in some areas, according to the Telecom Regulatory Authority of India (TRAI). The regulatory body has set the congestion parameter at less than 0.5 per cent, or in other words ... More

Aircel to offer services in 14 more circles
Aircel Ltd, part of Malaysian company Maxis Communications Berhad, is awaiting spectrum allocation for 14 more circles for a phased rollout. "Once the spectrum is allocated, we expect to offer mobile services across 14 more circles thereby ... More

Rationalise levies imposed on telecom sector
Telecom being a highly capital intensive business, we would recommend that these multiple bank guarantees be replaced by a single corporate guarantee. More

Music album on mobile
Reliance Communications on Monday announced the launch of the new music album Malayalee on Reliance Mobile World. Malayalee is the project of Jakes Bejoy, the final year electronics and communications engineering student who ... More

INFRASTRUCTURE
Extend tax holiday to STPI registered units
The software industry has traditionally been the blue-eyed boy of the Finance Ministry. Rarely has it had to ask for something and not be granted it. This time around, the debate around benefits accorded to the STPI (for which scheme tax ... More

TAXATION
`Extend STPI tax sops for another 10 years'
Crisil-Nasscom report warns of pressure on margins More

SOFTWARE
Systime sets up global delivery centre in Pune
Plans to set up another in Chennai More

MERGERS & ACQUISITIONS
Nexxoft acquires eZeesoft
Nexxoft Infotel Ltd (Nexxoft) on Tuesday announced it has set up base in Mumbai by acquiring the business of Mumbai-based software company eZeesoft (P) Ltd. eZeesoft deals in software consultancy, design and development. Nexxoft ... More

Essar Global buys BPO co for Rs 100 cr
Essar Global said that it has acquired Bermuda-based BPO company Global Vantedge with facilities in India (Gurgaon) and Costa Rica. The acquisition cost Essar around Rs 100 crore and is its fourth purchase in the last year, said Mr Aparup ... More

ALLIANCES & JOINT VENTURES
Maveric in pact with UK co
Maveric Systems, a Chennai-based independent software testing company, has partnered with Real Consulting Services Ltd (RCS), a UK-based company, to offer support to banks in the UK for testing "Faster Payments" business and technical ... More

M-COMMERCE
Jet Air, Hutch tie up for M-ticketing
Jet Airways and Hutch have entered into an agreement whereby Hutch customers who are also Jet Privilege members can book airline tickets using their mobiles. The initiative - called M-ticketing - was unveiled at a press conference on ... More

SECURITY
Websense alert on virus attack
Websense Security Labs has received reports of a Trojan, which claimed the Australian Prime Minster of having suffered a heart attack. The Trojan, formed by several different components, monitors the users access to Web pages besides keeping ... More






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Feb. 11-Feb. 17
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