INFO-TECH
OVERSEAS BORROWINGS
Bartronics raises $25 m through FCCB issue
Bartronics India Ltd has announced that it has raised $25 million through zero coupon foreign currency convertible bonds (FCCBs) that bear yield of 7.25 per cent and convertible into equity at Rs 140 per share. The London-based Silverdale ...
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TELECOMMUNICATIONS
GSM operators add over 5 million subscribers in May
Riding on a steep reduction in roaming tariffs and cheaper long distance calls, GSM cellular segment continued to grow at a sweltering pace in May. The all India GSM subscriber base grew from 125.57 million in April 2006 to 130.6 million in ...
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Smartphones to grab 70% market share by 2010
Smartphones have now become the norm of the day, especially with the people continuously on the move and those who want to keep in touch with the office mails. InStat, a market research firm, has stated that about 18 million smartphones have ...
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Airtel launches Telugu SMS
Airtel on Friday announced the launch of an SMS option in Telugu for its customers in Andhra Pradesh. This new service is aimed at addressing the desire of customers wanting to communicate in their mother tongue. It is estimated ...
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Matrix offers free talk time
With Indian international long distance operators offering cheaper global calling cards, post-paid mobile international connection provider Matrix has launched new tariff plan offering free minutes to its users. People travelling to the US, ...
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DoT plans USO scheme for rural mobile telephony
Raja meets industry to discuss digital divide
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HARDWARE
MBPV begins shipment of solar PV cells
Moser Baer Photo Voltaic Ltd (MBPV) on Thursday announced that it has commenced commercial shipment of its solar photovoltaic cells, and has firm customer orders and memoranda of understanding of over $100 million. "Additionally, the fully ...
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SOFTWARE
Bioinformatics pie worth $60 b
The bioinformatics pie is worth $60 billion and big players such as TCS, Infosys, Wipro, Cognizant and HCL are scaling up for a share of this sector, according to speakers at the Bangalore Bio. Bioinformatics is the tool for accelerated drug ...
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Lionbridge Tech expanding operations in India
Plans to raise headcount in Chennai to about 1,000
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Bengal plans Open Source Software Development Centre
The IT Department of West Bengal has planned to set up a centre for Open Source Software Development and Training. A budgetary allocation of Rs 2 crore has already been made for the purpose, Dr Debesh Das, West Bengal's Minister for Information ...
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INTERNET
Ayurveda portal launched
Aymex, a travel and medical tourism company, has launched Ayurveda-Portal.com, a one-stop shop for tourists in search of ayurvedic medicinal treatments. Mr Joseph Kaduthanam, Managing Director, Aymex Services Pvt Ltd, said that the portal has ...
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HUMAN RESOURCES
Monster launches video resumes
To help speed up the recruitment process
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Patni paying $2.4 m to `underpaid' US workers
Decision follows order by US Department of Labour
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Indo-US job fair in New Jersey
ClickJobs.com is organising an Indo-US job fair in New Jersey on August 25 and 26 to attract talent from the US to work in India, according to a press release. In keeping with the recent trend of US-based Indian professionals ...
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MERGERS & ACQUISITIONS
Ambletek in talks for acquisition
Ambletek Solutions, a start-up promoted by Mr Kannan Ramaswamy, former Managing Director, South Asia for European major LogicaCMG, is already on the look out for an acquisition to pan out its new venture focusing on IT services and consulting in ...
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Educomp buying Singapore co
The Delhi-based Educomp Solutions Ltd has informed the Bombay Stock Exchange that the company has signed the sale and purchase agreement with a majority of the shareholders to acquire Ask n Learn Inc, an education technology ...
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Wipro okays subsidiaries merger
The board of directors of Wipro Ltd has approved the merger of about six subsidiaries with the company. Those being merged with Wipro include MPACT Technology Services Ltd, mPower Software Services (India), CMango India, Wipro ...
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BT completes acquisition of i2i
BT has completed its acquisition of i2i Enterprise Pvt Ltd after obtaining all necessary governmental and regulatory approvals. i2i is a Mumbai-based enterprise services company specialising in Internet protocol (IP) communications services for ...
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STANDARDS & BENCHMARKS
Wipro Infotech gets SAP award
Wipro Infotech has said that it has been conferred the SAP Pinnacle Award for being the Best Partner across Asia Pacific in mid-market. Pinnacle award winners are chosen globally on criteria such as service excellence, delivery ...
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Huawei gets TEC certification
The Telecom Engineering Centre (TEC), the technical wing of the Department of Telecom, has certified Huawei Technologies to provide migration solutions for Internet Protocol Version 6 (IPV6). IPV6 is the new standard for Internet ...
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