The Hindu Business Line : Saturday, July 21, 2007

TELECOMMUNICATIONS
Pantaloon Retail in pact with Axiom Telecom
New Delhi, July 20 Mr Kishore Biyani’s Future Group on Friday said that its flagship company, Pantaloon Retail (I) Ltd, has signed a 50:50 joint venture agreement with the UAE-based Axiom Telecom LLC. Axiom Telecom is an ... More

TAXATION
A breather for captive BPOs
More

FINANCIAL PERFORMANCE
Satyam Q1 net rises 7% at Rs 378.32 cr
Surging rupee clips profitability; profit dips 3.8% sequentially More

Nipuna records $2-m loss
Nipuna, the business process services subsidiary of Satyam Computer, posted revenues of $11.93 million and a net loss of $2.02 million during the quarter ended June 30.The company management provided a guidance of $61 million for fiscal ... More

HARDWARE
Force10 Networks launches LAN switch
Bangalore, July 20 Force10 Networks, recent entrant into Indian market, has introduced C300 LAN switch for small and medium enterprises. The switch was made entirely at the firm’s Chennai development centre and it marks a ... More

SOFTWARE
Cisco unveils plan to tap SMBs
New Delhi, July 20 Global networking major Cisco has announced a strategic roadmap to tap the rapidly growing market for IT and networking of Small and Medium Businesses (SMBs) in India. The strategy entails focus on new customised SMB ... More

MERGERS & ACQUISITIONS
Cambridge Tech to acquire Reilly & Associates Inc
Hyderabad, July 20 Cambridge Technology Enterprises has entered into an agreement with Reilly & Associates Inc, a privately held company based in Michigan, US, to acquire the latter for an undisclosed amount. This agreement is subject to ... More

BROADBAND
‘Broadband penetration may miss target’
New Delhi, July 20 The gap between target and achievement of broadband penetration in the country will go over 10 million by 2010, unless the cost of personal computers comes down to Rs 10,000 and adequate infrastructure is made ... More

SOCIETY & DEVELOPMENT
Tech Mahindra Foundation
Telecom solutions provider Tech Mahindra has set up a corpus of Rs 25 crore for empowering women and the underprivileged, Mr Anand Mahindra, Chairman, told shareholders at the 20th annual general meeting. For this purpose the company will ... More

IT-ENABLED SERVICES
Percept unveils new venture
Mumbai, July 20 Percept has announced the launch of Percept Knorigin, a new entity that will act as a tech media & service provider, to strengthen its portfolio of media and marketing offerings. The new venture will have an initial ... More

OUTLOOK
Satyam’s billing rates ‘may go up by 2-3%’
29 new customers added during first quarter More

PEOPLE
Bharti names new Group Director
Bharti Enterprises announced the appointment of Mr Inder Walia as Group Director, Human Resources - Bharti Enterprises, effective August 6. Mr Walia’s responsibilities will primarily encompass Human Resources and Integration for Bharti ... More

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