The Hindu Business Line : Wednesday, December 05, 2007

ESOPS
Wipro’s equity share allotment
Wipro Ltd has informed the BSE that the administrative committee of the board of directors has decided to (through their circular resolution effective November 23, 2007 ) issue and allot 54,416 equity shares of Rs 2 each pursuant to the exercise ... More

TELECOMMUNICATIONS
Tata Teleservices, GSM operators clash on spectrum allocation
New Delhi, Dec. 4 A new front has opened in the ongoing battle for spectrum with Tata Teleservices and GSM operators training their guns on each other over quantum of radio frequency. The Cellular Operators Association of India has told ... More

Gemini offering services to UniverCell
Gemini Communication Ltd, a Chennai-based communications and networking solutions provider, has been chosen by UniverCell Telecommunications, a mobile retailer, to provide total information technology infrastructure services. Gemini will provide ... More

SOFTWARE
IMPACT
Good exit price for iGate de-listing
High premium was built into market expectations More

iGATE fixes buyback offer price at Rs 410
Bangalore, Dec. 4 iGATE Global Solutions said on Tuesday that the offer price for buyback of shares has been fixed at Rs 410 following the conclusion of the bidding process on November 30, 2007.It has so far received 12 per cent of the ... More

HUMAN RESOURCES
‘India is the knowledge factory for the world’
But lacks in risk-taking attitude, says BT CEO More

MERGERS & ACQUISITIONS
Ybrant acquires Israeli firm Oridian for $13 m
More

Intelenet buys Mauritius co; expands delivery footprint
Acquisition adding Rs 300 cr to the company’s revenue More

S4 Ind acquires Carlisle Publishing
Chennai, Dec. 4 Chennai-based S4 Ind Software Pvt Ltd has acquired the US-based Carlisle Publishing Services for $3.5 million (around Rs 14 crore). Both companies signed the deal in June, but announced it on Tuesday.Mr Krishnamachari ... More

REGULATORY BODIES & RULINGS
TRAI setting up panel on number portability
To chart out roadmap for effective and smooth implementation More

OUTLOOK
Rising Re may impact long-term growth: Karnik
Hyderabad, Dec. 4 There is huge uncertainty on the growth prospects of Indian IT industry over the next four to five years if the rupee appreciation goes unabated, according to Mr Kiran Karnik, President, Nasscom.“While we see no ... More

PEOPLE
Anil Gupta is Aditi Tech COO
Aditi Technologies has announced the appointment of Dr Anil Gupta as the Chief Operating Officer (COO) worldwide. Dr Gupta will be based at Aditi’s India headquarters in Bangalore. Prior to joining Aditi, he was at Sun Microsystems for 11 ... More

TRENDS
Chennai IT space lease rents fall
Mushrooming supply, poor development of IT Corridor More

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Address by MOS for Commerce Jairam Ramesh to NASSCOM (pdf)

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Nov. 25-Dec. 1
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