The Hindu Business Line : Thursday, May 24, 2007

ANNOUNCEMENTS
Capgemini forms strategic business unit for financial services
Capgemini, a player in the consulting, technology and outsourcing services, today announced the formation of a Financial Services Strategic Business Unit (FS SBU) with Kanbay International Inc. This unit has evolved from the recent acquisition ... More

NEW BUSINESS
Sterlite Optic bags MTNL's Rs 170-cr broadband contract
Will enable users get high speed Internet connectivity More

TELECOMMUNICATIONS
Reliance Comm cuts rates to Gulf by over 36%
Allows calls to Gulf region at Rs 6.99 per minute More

Tata Tele handset priced at Rs 999
Tata Teleservices has launched a handset priced at Rs 999, inclusive of all taxes in Tamil Nadu, according to a press release. Called `Samsung Hero Nxt', the phone has features like anti-theft mobile tracker and emergency SOS ... More

Bharti Airtel crosses 40-m subscriber mark
Landmark customer base achieved in 12 years More

HARDWARE
WeP Peripherals unveils dot matrix printer
WeP Peripherals today launchee a high-speed Dot Matrix printer capable of churning out 710 pages per hour. The printer is assembled at its Mysore facility. The WeP HQ 2100 printer is targeted at the enterprise applications, particularly for ... More

Moser Baer develops Blu-ray disc
Moser Baer India has developed a high-speed Blu-ray disc that would double the speed of recording data. The company said that the product was developed in collaboration with OM&T, the R&D arm of Philips, in which it acquired 80 per cent stake More

INTERNET
Zee Interactive plans 35 Kidz Care centres
Targeting nuclear families and couples working in the IT and ITeS sectors and other enterprises, Zee Interactive is in the process of setting up about 35 centres across the country helping such couples mange their kids through Kidz Care ... More

MERGERS & ACQUISITIONS
Calsoft acquires stake in Aspire
California Software Co Ltd (Calsoft) is acquiring 51 per cent equity in Aspire Communications Pvt Ltd, possibly through a combination of cash and stock, a press release said. The final share purchase agreement would be subject to ... More

OFF-SHORE DEVELOPMENT
SumTotal opens office in Beijing
Learning management solutions provider SumTotal Systems Inc has opened an office in Beijing to help Chinese companies meet demand for highly talented employees. "With China unlocking its markets to international competition and ... More

Aricent sets up R&D unit in UK
Will employ 100 software professionals More

CONVERGENCE
DD launches mobile TV service
Doordarshan has launched its mobile TV service with eight of its channels on offer. The state-owned broadcaster is the first to launch its services on the DVB-H (Digital Video Broadcasting-Handheld) compliant mobile handsets. It ... More

MARKETING RESEARCH
Top Indian cos may raise IT spend 26% this fiscal
Leading Indian companies are set to increase their IT spends by 26 per cent in the fiscal year 2007-08, taking it to Rs 8,974 crore from Rs 7,123 crore spent last year. However, IT expenditure reported 27 per cent growth during the previous ... More

BONUS ANNOUNCEMENTS
NIIT Tech Q4 net profit rises 139% to Rs 46 cr
1:2 bonus declared; dividend enhanced to 65% More

OUTLOOK
Govt mulls online bidding for 3G spectrum
New policy announcement soon More

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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Kalpataru Power plans 11 commodity warehouses

S&P launches Shariah index for BRIC nations

`Indian exporters can actively start invoicing in rupees'

Lower wheat procurement: Central team visiting UP

TCG Life offers R&D for entire drug development lifecycle

Is the CFA programme `technical education'?

PNB Q4 net down 17% on higher provisioning

Looking back
May. 13-May. 19
SupportSoft tool for PC problems gains ground

Kamal Nath to take up visa issue with US

Raja gives top priority to rural telephony

Airtel, Reliance cut lifetime pre-paid cost

India-based IT vendors revenue up 33.3% in 2006

Net TV subscriber base may touch 1 m by 2011