The Hindu Business Line : Saturday, November 17, 2007

OVERSEAS BORROWINGS
Cambridge Solutions to raise $40 million
Bangalore, Nov. 16 Cambridge Solutions Ltd announced on Friday that it proposes to raise $40 million, including a greenshoe option of $10 million. The company in an intimation to the BSE said the amount will be raised through ADR or GDR ... More

OUTSOURCING
KPO firm eClerx plans IPO by next year
Funds would be used to set up additional facilities More

TELECOMMUNICATIONS
Intl award for RCom ad campaign
The Anil Ambani promoted Reliance Communications has been awarded for its mobile ad campaign ‘Fair & Lovely scholarship programme 2007’ in the direct response category at the Mobile Marketing Association Awards, 2007, held in Los ... More

Lifelong voucher from Idea
More

INFRASTRUCTURE
Foundation laid for SmartCity in Kochi
Tecom promises to build knowledge-based industry More

HARDWARE
‘Made in India’ router
BA Systems has launched EN 3500 – a ‘Made in India’ router. Conceptualised and designed out of Bangalore and manufactured out of Chennai, it is a carrier grade, multi-process modular router operating system with inbuilt ... More

SOFTWARE
Serena’s free prototyping tool
Serena Software has announced another free tool to help business and IT professionals speak the same language when it comes to building software applications. Prototype Composer is a free requirements visualisation tool that allows business ... More

Jataayu’s IMPS for Saudi Telecom
Bangalore-based Jataayu Software and Ericsson have launched mobile instant messaging and presence service for Saudi Telecom Company. “Besides knowing the availability of their friends through the presence service, messaging offers features ... More

FOREIGN DIRECT INVESTMENT
FIPB defers decision on ByCell proposal
Company’s ownership details awaited More

MERGERS & ACQUISITIONS
NTT Data buys majority stake in Vertex
Pune, Nov. 16 NTT Data Corporation, a listed subsidiary of Nippon Telegraph and Telephone Corporation, is acquiring a majority stake in Pune-based Vertex Software Pvt Ltd. Nippon Telegraph is an IT services company and Vertex is into ... More

GTL acquires Malaysian firm for $25 m
Mumbai, Nov. 16 GTL Ltd has acquired the Malaysia-based ADA Cellworks — a player in the network planning and optimisation space — in an all cash deal of $25 million (Rs 100 crore). The acquisition will give GTL an ... More

OFF-SHORE DEVELOPMENT
Dassault sets up 100% subsidiary here
For consolidating service offerings More

Sierra to expand China operations
For outsourced product development More

SECURITY
‘Tough time ahead for IT managers’
Bangalore, Nov. 16 Indian IT managers have a tough time ahead, according to Ernst and Young’s technology and security risk services leader for emerging markets, Mr Richard Brown, who is on a tour visiting multinationals in the country. ... More

OUTLOOK
Syntel to pump in $100 m for hiking capacity
Pune, Nov. 16 Expanding in its existing locations, venturing into new verticals and horizontals and eyeing a revenue target of $one billion by 2010 is the roadmap that Syntel has chalked out for itself for the next couple of years.Mr ... More

PERFORMANCE
‘Bharti leads pvt players in earnings’
BSNL top earner in Sept quarter More