The Hindu Business Line : Thursday, February 02, 2006

Scandent to raise Rs 135 cr via pref issue
SCANDENT Solutions Corporation Ltd plans to raise Rs 135 crore by issuing securities on a preferential basis to Indopark Holdings Ltd, a wholly-owned subsidiary of Merrill Lynch and Co, Inc. The board of directors of Scandent approved the ... More

OUTSOURCING

Sutherland to set up BPO unit in Kochi
SUTHERLAND Global Services, a New York-headquartered business process outsourcing company, has announced plans to set up a 3,000 people facility in Kochi at an investment of Rs 120 crore. "We are confident that the talent pool and robust ... More

TELECOMMUNICATIONS

'Mobile growth in India faster than in China'
THE mobile growth rate in India is better than that of China, according to the TRAI , when compared to the subscriber growth levels in the initial years in the two countries. TRAI said that though China was ahead of India by seven years by ... More

INFRASTRUCTURE

Kerala's IT infrastructure attracts investments in a big way
KERALA'S information technology (IT) infrastructure has started to attract large-scale private sector investments as the State is fast emerging as a key destination for technology firms in South India. Along with the private sector, the State ... More

Incubation centre for entrepreneurs
AN incubation centre for entrepreneurs is being set up at the Electronics City here. Mr B.V. Naidu, Director, Software Technology Parks of India (STPI), said that the facility, with an investment of $2-2.5 million, would be launched on ... More

AP Cabinet clears 30-acre site for IT park in Vijayawada
THE Andhra Pradesh Government has cleared a proposal to allot 30 acres of land at Gangavaram near Vijayawada for an IT park that will create a technology township-cum-facility to incubate start-ups. Addressing a press conference here today ... More

FINANCIAL PERFORMANCE

Patni Q4 net tad lower
MUMBAI: Patni Computer Systems has seen a marginal dip in net profit at Rs 66.09 crore for the quarter ended December 31, 2005, as compared to Rs 67.99 crore for the corresponding period in the previous year. The revenues, however, ... More

HFCL back in black
NEW DELHI: Himachal Futuristic Communications Ltd (HFCL) has reported a net profit of Rs 29.86 crore for the third quarter ended December 31, 2005, compared with a loss of Rs 16.93 crore in the year-ago period, the company said. The ... More

HARDWARE

PortalPlayer develops tech for dual display
LIKE flip phones with dual screens, soon you will have laptops that will feature secondary displays that will allow a user to enjoy a host of entertainment-cum-personal scheduling features, without having to switch it on. However, there are two ... More

SOFTWARE

MS unveils rural thrust; to roll out 50,000 kiosks
SOFTWARE major Microsoft Corporation India on Wednesday announced its rural IT initiative `Saksham' under which the company would partner with non-governmental agencies, including Drishti, Jai Kisan and n-Logue, to roll out 50,000 kiosks over the ... More

Infosys `tops' in retail space
BANGALORE: Infosys Technologies Ltd said on Tuesday that AMR Research in a recent report `An Executive Guide to Selecting Retail Service Providers,' had named it as the only IT service provider to the retail industry capable of competing ... More

Satyam in pact with Danish co
HYDERABAD: Satyam Computer Services Ltd has entered into a long-term strategic partnership with KMD, one of the largest IT companies in Denmark, to provide SAP solutions. Owned by the National Association of Local Authorities in Denmark, ... More

IPR

`Sound legal framework must to face Flat World phenomenon'
INFOSYS Technologies' President and Managing Director, Mr Nandan Nilekani, said on Wednesday that there was need to have a sound legal framework to address the concerns and challenges thrown up by the `flat world' phenomenon. Mr Nilekani was ... More

HUMAN RESOURCES

HP Global to hire 2,000 more; eyes Tier II cities to expand
HP Global e-Business Operations today said it plans to add about 2,000 people to its India operations over the next 18 months, and is looking at Tier-II cities to set up additional centres. "In India, we have 6,000 employees spread across two ... More

MERGERS & ACQUISITIONS

Oracle completes Siebel acquisition
ORACLE Corporation on Wednesday announced the completion of its acquisition of Siebel Systems Inc. In a company release, Mr Charles Phillips, President, said: "Siebel's expertise with industry-specific customer-facing applications combined with ... More

REGULATORY BODIES & RULINGS

Failure to meet roll-out obligation — Telecom cos face Rs 406-cr fine
BSNL, MTNL and Idea Cellular are not in the defaulters' list. More

PEOPLE

Nripendra Misra short-listed for TRAI chief post
THE former Secretary of the Department of Telecom (DoT), Mr Nripendra Misra, could be the next Chairman of the Telecom Regulatory Authority of India (TRAI) as he is among the candidates short-listed for the post. The existing TRAI board, ... More

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Seed spices production up on favourable weather conditions

Drop in global piracy attacks: IMB

Govt may hike capital base of non-life insurers to Rs 250 cr

As global majors strengthen presence — Indian cement industry logs highest growth in output

Gem & jewellery exports surge to $17 b in 2005

TNT to invest 100 m euro in India — Rolls out domestic services

Ten Sports to hike ad rates for ODIs by 30 pc on DD feeds

UB reports higher Q3 net, income on volume growth

ONGC likely to get valuation report on SPIC Petro soon

In Focus

Infrastructure woes stare IT sector