INFO-TECH
OVERSEAS BORROWINGS
Subex Azure raises $180 m
Subex Azure has raised $180 million through the foreign currency convertible bonds (FCCBs) to fund its proposed acquisition of Syndesis, a global telecom software solutions provider. The offering is priced at Rs 656 per bond, ...
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STORAGE
Hitachi doubles NAS performance
Hitachi Data Systems announced significant enhancements to the Hitachi high-performance NAS (network attached storage) platform, powered by BlueArc. The new NAS Platform reduces processing cycle time, increases the number of ...
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TELECOMMUNICATIONS
Nokia capitalising on multimedia advances
Hopes to set tech-benchmarks through Mobile Film Awards contest
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Airtel Blackberry users to pay less
Airtel has announced a reduction on fixed monthly rental for its BlackBerry users from Rs 1,099 a month to Rs 249. In the new plan, apart from the fixed monthly rental Airtel BlackBerry users will be charged Rs 0.15 per kb of ...
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HARDWARE
Trial runs at Moser Baer solar cell facility
Moser Baer Photo Voltaic Ltd (MBPV) on Friday announced that it had completed final line integration and trials on its initial 40 MW crystalline photovoltaic cell production facility. The company remains on target to achieve 80MW of capacity in ...
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Office to protect chip design layout expected in a year
In the wake of the semiconductor manufacturing policy being approved, the Government now plans to set up a registration office to enable companies to safeguard the layouts of their chip designs. The office is expected to be operational within a ...
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SOFTWARE
IT cos mull parking funds in banks
Information technology firms sitting on huge cash piles are now considering newer options to park their surpluses with the move to hike dividend distribution tax (DDT) on liquid and money market mutual funds (MMMFs). Cash-rich IT firms are ...
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MagnaQuest tool for IOL project
MagnaQuest Technologies has announced it has signed up with IOL Broadband Ltd, to deploy its customer management and billing solution MQSubscribeT for the latter's IPTV project and its integration with network and other services delivered over IP ...
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Sonata unveils tool for realty sector
Sonata Software launched an ERP package for the construction, real estate and contracting industry — SonnetCONSTRUCT. Built on Microsoft's latest ERP solution for the enterprise segment, Microsoft Dynamics AX 4.0, ...
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FOREIGN DIRECT INVESTMENT
FDI commitments in telecom, IT at Rs 80,000 cr
The Union Ministry of Communication on Friday said that foreign direct investments worth Rs 80,000 crore has been committed by various players in the telecom and IT sector in the past two years. While some of the projects for which the ...
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MERGERS & ACQUISITIONS
RPG Group buys out Fujitsu's stake in Zensar
RPG's stake in Zensar would go up to about 60%
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Logix Micro buys CarSite
Logix Microsystems Ltd has said it has purchased CarSite, the automotive portal business of PowerOne Media in an all-cash deal. The company, however, declined to disclose the amount. Logix also announced a new company called izmomedia to focus ...
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NEW PROJECTS
Mahindra Systech to invest Rs 800 cr on expansion
To double capacities at casting, forging plants
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REGULATORY BODIES & RULINGS
DoT directs ISPs to pull the plug of unregistered call centres
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TRAI not to regulate DTH tariff now
The Telecom Regulatory Authority of India has decided not to regulate the tariffs for Direct to Home services for now. The broadcast regulator, in a consultation paper on issues relating to DTH, said that a regulation was required only in case ...
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ALLIANCES & JOINT VENTURES
Aftek in joint venture with German co
The Mumbai based Aftek Ltd has formed a joint venture with the German software and systems firm ESG Elektroniksystem-und Logistik-GmbH to explore opportunities in Europe and India. The details of the joint venture including ownership pattern ...
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VENTURE CAPITAL
`Level field for VCs needed'
Dr Sridhar Mitta, founder of the venture funding firm e4e Labs Pvt Ltd and former head of Wipro's research and development division, said, "They have unnecessarily made it complex. There is no flexibility now. Indian investors ...
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OUTLOOK
Ushacomm eyes growth in financial services sector
Telecom billing and customer care solutions company Ushacomm has firmed up plans to extend its offerings to utilities and the BFI (banking, finance & insurance) sector. The company will soon offer customised solutions and shrink-wrapped products
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PEOPLE
New ExlService Vice-President
The Nasdaq-listed ExlService Holdings Inc, provider of BPO services, announced the appointment of Mr Matt Appel as Vice-President. He would also assume the role of Chief Financial Officer of EXL after the company files its 2006 ...
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