INFO-TECH
BUYBACK
Bharti buys back 4.9 % stake in Airtel from Vodafone
NEW DELHI: Bharti Group on Wednesday said that it has completed the acquisition of 4.99 per cent stake held by Vodafone in Bharti Airtel. The company had earlier announced that it had the option of buying back 5.6 per cent stake from ...
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NEW BUSINESS
Ericsson bags $2-b Bharti deal for mobile equipment
Will design, deploy and manage GSM cellular network in 15 circles
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TELECOMMUNICATIONS
BSNL gets Raja’s nod for 23 m lines
New Delhi, July 18 The Communication and IT Minister, Mr A. Raja, on Wednesday gave his approval to BSNL to place an order for 23 million GSM cellular lines instead of the earlier announced 45.5 million lines.While the size of the ...
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BSNL for keeping 3G gear as part of cellular contract
New Delhi, July 18 Bharat Sanchar Nigam Ltd may not drop the third generation equipment from the proposed cellular contract. The company’s board has told the Communication and IT Minister, Mr A. Raja, that it would prefer to include 3G ...
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POLICY
IT parks: TN forms panel
Coimbatore, July 18 The Tamil Nadu Government has set up a a nine- member committee under theChief Secretary, Mr L.K. Tripathy to supervise the infrastructure development for IT parks in tier II cities in the state. The Secretary, IT, ...
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FINANCIAL PERFORMANCE
Hexaware Q2 net dips 12%; to pay 40% interim
Mumbai, July 18 Hexaware Technologies said its second-quarter consolidated net profit fell by 12.3 per cent as rupee appreciation and increased employee costs adversely impacted its operating margin. Net profit for the quarter amounted ...
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Geometric Soft Q1 net profit rises 83.7%
Geometric Software Solutions has registered a 83.7 per cent growth in first quarter net profit at Rs 11.65 crore compared with Rs 6.34 crore in the same quarter of the previous year. The total income grew 82.93 per cent to Rs 126.4 ...
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HARDWARE
Toshiba selects ARM processor
Toshiba Corporation has selected ARM’s Cortex-M3 processor to expand its portfolio of microcontrollers and solutions for the automotive controller market. Increasingly, developers are migrating to 32-bit microcontrollers as cost demands are ...
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MERGERS & ACQUISITIONS
Yahoo buys 35% stake in Tyroo Media
New Delhi, July 18 Yahoo Inc on Wednesday said it will buy over 35 per cent in Gurgaon-based Tyroo Media Pvt Ltd. Tyroo, a part of Smile Interactive Technologies Group (Smile Group), is an ad-network, which offers services for advertisers and ...
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Bhilwara Scribe buys 2 healthcare BPOs
Bhilwara Scribe, the IT arm of the Rs 2,860-crore LNJ Bhilwara Group, today announced the acquisition of two BPOs in the healthcare segment. The company has acquired Seattle-based Benson Transcription Technologies to create a strong front-end ...
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CONVERGENCE
Tata Elxsi’s mobile TV solution
Tata Elxsi, the product design arm of Tata Group, has demonstrated its mobile TV solution at the Broadcast Mobile Convergence Forum held in Berlin recently. The company showcased its middleware product’s support for various network ...
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OUTLOOK
LG bets big on IT division
New Delhi, July 18 LG Electronics India Pvt Ltd has said it is targeting to clock around Rs 1,200 crore this year from its IT division, on the back of several product launches. “The IT division contributed 13 per cent to the Rs ...
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TCS eyes $600 m through global consultancy
Mumbai, July 18 Tata Consultancy Services expects revenues from its global consultancy practice to grow to $600-$650 million (Rs 2,400-Rs 2,600 crore) by 2010. “As on June this year, the consulting arm contributed about 3 per cent of ...
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Cellular revenues to cross Rs 1 lakh cr by 2011: Survey
‘Low service cost, inexpensive handsets will help to unlock the inertia’
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