Financial Daily from THE HINDU group of publications
Friday, October 07, 2005
Markets (October 6)
BL 2502441.67 (-48.05)
BSE Sensex8528.70(-195.77)
S&P CNX Nifty2579.15 (-65.25)
US Dollar (Buy/Sell)44.22/44.35
Gold Std (10 gm)6740 (+20)


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ANNOUNCEMENTS


Color Chips plans name change
HYDERABAD: Color Chips (India) Ltd, an animation company, is set to enhance the authorised capital, change the company name to Color Chips Animation Ltd, and issue global depository receipts or any other instrument to raise up to $6 ... More

OUTSOURCING


Helping BPO staff bridge the cultural divide
WITH the growth of business process outsourcing, employees in India are dealing with international clients rather than local ones. How has this affected human resource development in India? Have firms had to change the manner in which employees ... More

EXL bags order from British Gas
NEW DELHI: Third party business process outsourcing (BPO) company ExlService Holdings Inc on Thursday announced that it had secured a large contract for managing back office BPO operations for British Gas, the largest supplier of ... More

TELECOMMUNICATIONS


Long distance operators dismiss cartel allegations
LONG distance operators Airtel, Reliance Infocomm and the Tatas-managed Videsh Sanchar Nigam Ltd have said they were not opposed to allowing more competition, but wanted a level-playing field. Reacting to allegations made by the Union ... More

Telecom components seized in Hyderabad
SLEUTHS here today assisted by officials of the Department of Telecommunications (DoT) arrested four persons for illegal diversion of international calls that had caused loss of about Rs 1.26 crore. A statement from the Police Commissioner said ... More

INSIGHT


US occupation of cyber-space continues
The Bush Administration is characteristically intent on retaining - and possibly enhancing - the role of the US in Internet management. And its intentions have been all too clear long before the current face-off. More

INFRASTRUCTURE


Mahindra Gesco to set up SEZ in Jaipur
MAHINDRA Gesco Developers Ltd plans to set up a special economic zone (SEZ) in Jaipur. The project, which would take 3-5 five years to be completed, would involve an investment of Rs 1,000-1,100 crore, according to Mr Arun Nanda, ... More

HARDWARE


Intel developing community PC for Indian villages
CHIPMAKER Intel is planning the launch of community-based personal computers (PC) and is implementing pilot projects in 10 locations across the country. The PC is designed to provide wireless Internet access to village communities and remote ... More

SOFTWARE


IGT installs hi-tech application software
With the commissioning of Navis, the terminal has fully automated container handling and integrated all the operational functions of the container terminal in a real time online environment. More

WestJet is first customer for IBS software
IBS Software Services, a Thiruvananthapuram-based software developer for the travel industry, has announced that Canadian low-cost airline WestJet will implement its (IBS') `aiRES' software for reservation, scheduling and check-in ... More

MERGERS & ACQUISITIONS


Spheris acquires Healthscribe
BANGALORE: Healthscribe, a medical transcription company, has been acquired by Spheris in an all-cash deal for an undisclosed amount. Spheris, which is the world's second largest medical transcription company, has also announced the ... More

Autodesk set to buy Canadian co
MUMBAI: Autodesk Inc has signed an agreement to acquire Alias, a Canada-based privately-held developer of 3D graphics technology, for $182 million in cash, said an Autodesk press release. The release added that the acquisition would ... More

NEW PROJECTS


Flextronics signs pact for Chennai facility
FLEXTRONICS, a $16-billion global electronics manufacturing services provider, is to build a manufacturing facility in the outskirts of Chennai. In the first five years, the company will invest $70-100 million (Rs 350-450 crore) in the plant in ... More

SECURITY


McAfee in talks with ISPs for security software
SECURITY vendor McAfee Inc is in talks with top Internet Service Providers (ISPs) in India to offer consumers security software. Speaking to Business Line at the launch of security products for next year, Ms Monica Kelly, Consumer ... More

BROADBAND


Pune airport to be wi-fi-enabled soon
About six lakh passengers used Pune airport last fiscal and about 20 per cent growth is expected this year. Talking to presspersons, Mr S. Kailasanathan, Managing Director of the Chennai-based Microsense Pvt Ltd, said Pune was the first ... More

EVENTS


Kapil Dev visits US Tech facilities
CRICKETER-turned-entrepreneur Kapil Dev visited the US Technology International facilities at Technopark here on Thursday to mark the foundation of the company's Foundation Week. The Haryana Hurricane, as he used to be famously known, shared ... More

`Custommerce' kicks off at Agra today
REMEMBER the last time you called up to report the loss of your credit card only to be put on an automated voice system at the other end? While the growth in business is making it near impossible for service providers to keep on adding ... More

IT-ENABLED SERVICES


Flextronics plans to relocate back office operations to Chennai
FLEXTRONICS plans to move its back office operations, including financial services and human resources, to Chennai from Mexico and Hungary, according to Mr Peter Tan, President and Managing Director (Asia). The company has a back office in the ... More



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Flextronics signs pact for Chennai facility


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In Depth

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Looking back
Sep. 25-Oct. 1
IT, electronics exports up 30 pc

'You have to get over this notion we can't grow' — To beat us, MNCs will have to change the way they do business, says Infosys CFO Mr Mohan Das Pai

Insurers get aggressive with tech adoption

SC seeks explanation on `unregulated' mobile towers

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Over 300 cos may take part in BangaloreIT.in


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