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NEW BUSINESS
Satyam bags Ciba Specialty Chem deal
Hyderabad, Oct. 29 IT services provider Satyam Computer Services Ltd has announced that the Basel, Switzerland-based Ciba Specialty Chemicals has chosen it to implement and operate a single, global SAP system to support its business ... More

Wipro bags FamilyCredit deal
Bangalore, Oct. 29 Wipro Infotech has bagged a contract from FamilyCredit, the consumer finance organisation of Societe Generale Consumer Finance in India, to manage IT infrastructure and applications across the country. Wipro Infotech ... More

OUTSOURCING
CII hosts meet on IT outsourcing
Process-based outcomes are being sought while outsourcing, according to experts at the meet on IT Infrastructure Outsourcing hosted by Confederation of Indian Industry Karnataka in the city. A host of issues associated with outsourcing, including ... More

TELECOMMUNICATIONS
XL Telecom allots $5-m FCCBs
XL Telecom & Energy Ltd has informed the BSE that the company has allotted additional foreign currency convertible bonds (FCCBs) worth $5 million, thereby taking the total allotment to $40 million (about Rs 160 crore). The company allotted ... More

INFRASTRUCTURE
R.P. Info SEZ will be operational in 2 years
An IT products-specific SEZ being set up by R.P. Infosystems Pvt Ltd, manufacturers of the Chirag brand of personal computers, at Baruipur on the outskirts of Kolkata at a total investment of Rs 1,025 crore will be fully operational within the ... More

TAXATION
Uncertainty over tax holiday
The uncertainty over the extension of tax holiday under Section 10A and 10B of the Income Tax Act beyond 2009 has impacted the registrations of new companies at Software Technology Parks of India (STPI). “There is a slackening in ... More

FINANCIAL PERFORMANCE
Allsec net hit by rupee rise, increased expenditure
Chennai, Oct. 29 Rupee appreciation, wage inflation and increased expenditure have together dented Allsec Technologies’ net sales as well as net profit for the quarter ended September 2007. The company incurred expenditure of Rs ... More

Firstsource net jumps 143%
Mumbai, Oct. 29 City-based pure play BPO firm Firstsource Solutions has reported a 143 per cent rise in its net profit for the quarter ended September 30 to Rs 45.6 crore as against Rs 18.7 crore in the corresponding quarter a year ... More

SOFTWARE
Northgate GDRs Luxembourg listing
Northgate Technologies Ltd has informed the BSE that the 36,60,000 Global Depository Receipts issued by the company on October 23, have been officially listed on the Luxembourg Stock Exchange under Euro MTF market. Each GDR represents 1/2 of one ... More

IT TRAINING
TN may clear CII plan for info tech academy
The Tamil Nadu Government is likely to approve a proposal from the Confederation of Indian Industry (CII) to set up an information communication technology academy (ICTACT) in the State, according to Dr C. Chandramouli, Secretary, Information ... More

HUMAN RESOURCES
Cisco headcount may go up to 10,000 here
India has talent, innovation ability and biz models, says CEO More

ALLIANCES & JOINT VENTURES
Sun Micro forms ‘green’ alliance
Bangalore, Oct. 29 Sun Microsystems, APC-MGE, Advanced Micro Devices (AMD), Hitachi Data Systems and Wipro Infotech on Monday announced an eco-consortium.The alliance will edify customers on technology infrastructure, practices and ... More

HCL to help Quest boost operations
New Delhi, Oct 29 Quest Diagnostics has engaged IT services firm HCL Technologies as a technology partner to accelerate the launch of its India operations. HCL is working with Quest Diagnostics to establish and manage the ... More

EVENTS
IT industry urged to tap non-US markets
More

TECHTOP ’07 at Technopark
Technopark has joined Degree Controls India to host TECHTOP 2007, a contest to identify, promote and reward outstanding engineering talents with innovative ideas, which are demonstrable and which can be put to commercial use. On Monday, the event ... More

VENTURE CAPITAL
Google boosts venture capital investments
Bangalore, Oct. 29 Google has joined the Indian Angel Network and invested in Ventureast TeNet Fund II, a fund run by the Tenet Group of IIT, Madras, and Ventureast Fund Advisors. The Indian Angel Network is an organisation of ... More

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