The Hindu Business Line : Friday, December 22, 2006

Nipuna bags $25-m UK animation deal
Nipuna Services, Satyam's BPO subsidiary, has announced it has signed a $25-million "edutainment" deal that envisages partnering with 4K Animation of the UK for execution and delivery of projects. The contract, Nipuna said, was one of the ... More

TELECOMMUNICATIONS
Bharti 3G services in Seychelles
Bharti has become the first Indian telecom service provider to launch 3G services, although it is not within the country. Telecom Seychelles, a subsidiary of Bharti Global, has launched 3G operations in Seychelles. The ... More

Reliance road show
With the objective of popularising the variety of services available on Reliance Mobile World, Reliance Communications has rolled out a road show titled Reliance Mobile WOW. The road show offers a sneak preview of unique ... More

TAXATION
Transfer pricing vs IT: A case of wrong comparables
The taxman has rattled the IT (information technology) industry with the transfer-pricing (TP) orders. According to reports, scores of companies in Bangalore and Hyderabad have come under the Income-Tax Department's lens, with their transfer ... More

HARDWARE
WeP Peripherals' range of products
WeP Peripherals has launched a new range of tech fantasy products in the market for consumers and business users. Mr Ram N. Agarwal, MD and CEO, WeP Peripherals, said that the new products re-emphasise WeP's focus on delivering ... More

Gaming PC
NEW PRODUCTS FROM HCL INFO: Mr Ajai Chowdhry, Chairman & CEO, HCL Infosystems, at the launch of HCL Beanstalk 2007 collection, targeted at the home computing market, in the Capital on Thursday. The company also launched a gaming PC known as HCL . More

SOFTWARE
Ventech plans to invest Rs 40 cr in Siruseri park
The US-based software company Ventech Solutions, with development centre in Chennai, will invest Rs 40 crore in a new centre at Siruseri Information Technology Park on the Old Mahabalipuram Road. The 1-lakh sq. ft. centre would start operations ... More

Financial inclusion may spell big gains for vendors
Royalty revenue for each bank account opened More

R.S. Software rights issue subscribed 1.07 times
The rights issue of R. S. Software (India) Ltd, a software solutions provider in the payment systems domain, was oversubscribed 1.07 times. The company had fixed the rights issue price at Rs 65 per share. The existing equity shares of the ... More

Mid-cap IT stocks shine
Infotech stocks such as Tata Elxsi, Polaris Software Lab, Nucleus Software and Sonata Software have been witnessing active buying accompanied by gains in stock price. According to brokers, several analysts have come out with `buy' ... More

FOREIGN DIRECT INVESTMENT
Cabinet extends deadline for telecom FDI norms
Cabinet Secretary to rework proposal on remote access More

MERGERS & ACQUISITIONS
Regulatory hurdles to Hutch bids
DoT seeks clarity on licence fees, spectrum cap More

`Hutch not a good bet for Vodafone'
Even as the Vodafone board is meeting to consider bidding for Hutchison Essar, analysts say that the British telecom major may not realise the full potential if it were to acquire the Indian mobile business. A JP Morgan report said that while ... More

Vodafone to spell out plans for Hutch buyout soon
The battle for Hutchison has heated up with the UK-based telecom major Vodafone saying it will soon make its stand clear on the proposed acquisition. The Vodafone board is expected to meet and decide on its bid for the Indian cellular company. ... More

ALLIANCES & JOINT VENTURES
Oracle introduces academy programme
Oracle India has tied up with Karnataka's Directorate of Technical Education to introduce the Oracle Academy programme in 100 polytechnic institutes in the State. The Oracle Academy's $5.4-million investment in-kind grant will provide the ... More

ENTERPRISE RESOURCE PLANNING
Keltron, SAP plan tie-up
Kerala State Electronics Development Corporation (Keltron) is set to sign an agreement with SAP of Germany for providing enterprise resource planning (ERP) solutions to small and medium companies. According to officials in the State Industries ... More

CONVERGENCE
Time Broadband's Net TV service
Time Broadband Services Pvt Ltd (TBSL) launched its Internet Protocol Television (IPTV) services, My Time. The company is positioning itself as a bridge between content producers and telecom operators. My Time will provide ... More

BROADBAND
BSNL to invest Rs 2,000 cr in broadband infrastructure
To roll out Wi-Max towers in 30K villages More

Pilot project on rural connectivity
Canada-based developer of wireless web access devices and services Data Wind Corporation and Nasscom Foundation have started a pilot project for providing Internet connectivity in rural areas in the country. The project has ... More

EVENTS
CYS Multimedia seminar on Dec 23
The Chennai-based CYS Multimedia, an institute providing multimedia training, plans to organise a seminar-cum-workshop on career opportunities in multimedia on December 23, according to a press release. It will also feature ... More

OUTLOOK
GlobalLogic plans to invest Rs 225 cr
To set up development centres in multiple locations More

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