The Hindu Business Line : Friday, October 19, 2007

RESEARCH & DEVELOPMENT
Quantum to invest $10 m in R&D centre
Hyderabad, Oct. 18 Back-up and recovery technology company Quantum Corp today commissioned Quantum India Development Centre to handle R&D work and expanded its sales arm to tap the domestic market.The $1-billion storage company ... More

NEW BUSINESS
TCS bags $1.2-b Nielsen contract for outsourcing, operation service
Tata Consultancy Services (TCS) said on Thursday that it has signed a contract worth $1.2 billion (Rs 4,751 crore) with Nielsen Company, an international information and media company, for outsourcing part of its IT and operation service ... More

TELECOMMUNICATIONS
GSM operators seek PMO’s intervention on spectrum
Existing GSM operators demand addl 15 MHz More

RCom applies for using mixed technologies
In what can be seen as a first step to using dual technologies, Reliance Communication has applied to convert its existing GSM licences in seven circles to unified access service licences. The move indicates that the Department of ... More

TECHNOLOGY
DoS favours satellite-based tech for wireless services
New Delhi, Oct 18 At a time when the Communications Ministry is finding it tough to make available radio frequency for cellular operators, the Department of Space has suggested deploying satellite- based technologies for wireless services such ... More

FINANCIAL PERFORMANCE
Tanla Q2 net up at Rs 36.6 cr
Tanla Solutions Ltd has recorded revenues of Rs 111.41 crore and a net profit of Rs 36.58 crore for the second quarter ended September 30, 2007 against a total income of Rs 47.39 crore and a net profit of Rs 19.65 crore for the corresponding ... More

Hexaware net falls on Re rise, salary hikes
Sub-prime mortgage crisis hits subsidiary revenue More

KPIT Cummins Q2 net up at Rs 14.1 cr
Pune, Oct. 18 IT, engineering and BPO player KPIT Cummins Infosystems Ltd has recorded revenues of Rs 149.2 crore for the second quarter of the current fiscal, up by 30.88 per cent compared to the corresponding quarter of the previous ... More

Megasoft Q3 revenue, net up
Megasoft Ltd has recorded consolidated revenues of Rs 76.81 crore and a net profit of Rs 16.29 crore for the third quarter ended September 30, 2007 against revenues of Rs 42.92 crore and a net profit of Rs 9.41 crore for the corresponding quarter ... More

HARDWARE
HP sets up new facility
Hewlett-Packard has established a facility spanning 70,000 sq.ft at Whitefield, on the outskirts of Bangalore city. HP is a $100.5-billion enterprise with a portfolio that spans printing, personal computing, software, services and IT ... More

SOFTWARE
Rupee rise: TCS to focus on domestic biz
Chennai, Oct. 18 Tata Consultancy Services (TCS) plans to focus on domestic contracts in the wake of rupee appreciation. The company is gearing up for a ‘Rs 35-a dollar’ exchange rate scenario in the future and one of the key ... More

Cisco offering advisory services
Hyderabad, Oct. 18 Networking technology provider Cisco today announced the introduction of ‘Advisory Services’ that align Cisco Technology solutions with customers’ business strategy and helps them take informed ... More

Sybase opens professional services centre
Pune, Oct. 18 Sybase Inc, provider of enterprise infrastructure and mobile software, has inaugurated the Global Sybase Professional Services (SPS) centre in Pune.Mr Tony Morrison, Vice-President, Sybase Professional Services, told ... More

MERGERS & ACQUISITIONS
Quintegra acquires US co for Rs 198 cr
Chennai, Oct. 18 Quintegra Solutions Ltd, a Chennai-based information technology company, has acquired the US-based PA Corporation for Rs 198 crore to strengthen focus on IT consulting services.The company will pay $20 million (Rs 80 ... More

EVENTS
Women’s network meet at UST Global
Thiruvananthapuram, Oct. 18 NowU (Network for women USsociates), the outfit for women employees in UST Global (formerly US Technology), a US-based IT services company having centres in India and the Asia-Pacific, is holding its first summit ... More

NEW PRODUCTS & SERVICES
HP launches ‘ColorLok’ paper
Hewlett-Packard has gone a full circle in print – by improving paper. Two years after its launch in the US, the company and paper mills and packaging plants owner International Paper, launched ColorLok in India on Wednesday. An uncoated ... More

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