Financial Daily from THE HINDU group of publications
Friday, January 13, 2006
Markets (January 12)
BSE Sensex9380.88 (-64.42)
S&P CNX Nifty2850.70 (-20.10)
US Dollar (Buy/Sell)44.07/44.20


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INFO-TECH

ANNOUNCEMENTS


Microsoft develops digital map of India
MICROSOFT Research India revealed a prototype of a digital map of India called Visual India, which will be made available in a day or two. The company collaborated with the Survey of India, part of the Department of S&T, to develop the ... More

OUTSOURCING


Tool to track BPO transport fleet
A LOCAL IT company has come out with a software that integrates the functioning of three key components of Geographical Information System (GIS), Global Positioning System (GPS) and Short Messaging Service (SMS) to provide a complete management ... More

TELECOMMUNICATIONS


TRAI seeks data on `lifetime' offers
THE Telecom Regulatory Authority of India (TRAI) on Thursday asked all mobile operators to submit data to prove the viability of the recently announced lifelong pre-paid card offers. The telecom regulator is also issuing a consultation paper to ... More

New Spice pre-paid plan
BANGALORE: Spice Telecom has launched a pre-paid plan that allows users to take a pre-paid connection with free outgoing and incoming calls up to January 31 for a one-time payment of Rs 999 and an initial talk time of Rs 25. Subscribers ... More

INFRASTRUCTURE


AP Govt seeks industry support to set up hardware park
THE Andhra Pradesh Government has sought industry support in its quest to establish a hardware park near Hyderabad, for which 1,200 acres of land has been identified. Addressing a meeting hosted by the Confederation of Indian Industry (CII), ... More

FINANCIAL PERFORMANCE


TCS Q3 net up 5.6 pc at Rs 753 cr — Impact of Re fluctuation Rs 46 cr
DRIVEN by new client wins and ramp-ups from contracts won in the previous quarters, Tata Consultancy Services has reported a 5.57 per cent increase in its consolidated net profit for the third quarter ended December 31, 2005, on the back of a ... More

SOFTWARE


Ventech to invest Rs 40 cr more
VENTECH Solutions Inc, a US-based software company, plans to invest Rs 40 crore in India on infrastructure expansion, and employ about 1,000 information technology professionals over the next three years, according to its CEO, Mr Ravi ... More

IT TRAINING


Training course on security
CHENNAI: Secure Matrix, Mumbai-based information security consulting company, has launched a training course on information technology security in association with Det Norske Veritas (DNV), a certification company in quality systems. The ... More

INDUSTRY ASSOCIATIONS


Indian Game Industry assn formed
GAMING industry players have joined hands to form an exclusive Indian Game Industry Association, iGITA, aimed at promoting and catalysing the growth of the Indian gaming industry. Dhruva Interactive, Electronic Arts, Hungama, Indiagames, Mauj, ... More

HUMAN RESOURCES


TCS to hire 8,000 in Q4
TATA Consultancy Services made a net addition of 6,076 employees during the third quarter of the current fiscal, and managed to contain attrition at 8.7 per cent, unchanged from a year ago. During the fourth quarter of the fiscal, gross ... More

MERGERS & ACQUISITIONS


mFormation buys Aepona arm
MFORMATION Technologies Inc, the global leader in the market for mobile device management (MDM), has announced the acquisition of Aepona (England) Ltd, the leading supplier of MDM for over the air settings and automatic device configuration. ... More

Globsyn picks 41.49% stake in Synergy Log-in
GLOBSYN Technologies Ltd has acquired a 41.49 per cent equity stake in banking and financial services products vendor Synergy Log-in Systems Ltd, a BSE-listed company, for Rs 7.05 crore. The deal has an equity component of Rs 6.15 crore and ... More

ALLIANCES & JOINT VENTURES


Cisco ties up with Bharti, VSNL for joint marketing
NETWORKING major Cisco Systems has tied up with Bharti Tele-Ventures and Tatas-managed Videsh Sanchar Nigam Ltd to undertake joint marketing initiatives and offer customised solutions for enterprise customers. This is part of the Cisco Powered ... More

E-COMMERCE & E-BUSINESS


ICICI offers home banking service in Kochi
ICICI Bank has introduced Bank@Home service in Kochi to enable customers to make banking transactions from home. The facility available in Kochi and Thiruvananathapuram will soon be extended to Thrissur and ... More

EVENTS


Nasscom wants SEZ sops given to STPI units also — `SMEs now at a disadvantage'
MERE creation of Special Economic Zones for the IT industry without extending similar advantages to units in the Software Technology Parks of India would be detrimental to the interests of companies located in the latter, according to Mr Kiran ... More

OUTLOOK


`Animation, gaming sector to see 10-fold growth' — Creating manpower base through colleges urgent, says Karnik
THE National Association of Software and Services Companies (Nasscom) has projected that the country's animation and gaming sector would grow at a compounded annual growth rate of 35 per cent and 78 per cent respectively to reach $950 million ... More



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