INFO-TECH
NEW BUSINESS
XL Telecom bags Rs 67-cr orders
XL Telecom Ltd has bagged orders valued at over Rs 67 crore for supply of CDMA fixed wireless phones and export of solar panels. This order for phones follows the conclusion of a Rs 96-crore order from BSNL. The company in a statement told ...
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OUTSOURCING
Genpact, Kimberly-Clark in pact
Genpact signed a five-year contract to provide finance and accounting activities for US-based Kimberly-Clark Corporation on Tuesday. Genpact will support the company's global operations in the areas of accounts payable and travel ...
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TELECOMMUNICATIONS
`Telecom gear manufacturing base needed'
Despite foreign telecommunication equipment companies setting up manufacturing bases, India needs to develop technology and its own base for equipment manufacturing, expressed Mr Sam Pitroda, while addressing a press conference during the second ...
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INFRASTRUCTURE
Vijay Tex plans IT park
Vijay Textiles has proposed to enter into an agreement with Meenakshi Infrastructures Private Ltd for the construction of a multi-storeyed IT park in Hyderabad. The company has informed the Bombay Stock Exchange that the board ...
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HARDWARE
Buffalo unveils hard disk drive
Japanese firm Buffalo Inc launched its hard disk drive DriveStation Quattro eSATA_USB2.0 External HDD with RAID5. Quattro, according to the company, delivers a speed of 100MB/s, which is three times that of a conventional USB ...
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SOFTWARE
TCS product for hospitality sector by March
To offer end-to-end functionalities for hotels
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IT TRAINING
IEG ties up with MIT for Open Knowledge Initiative
The Massachusetts Institute of Technology and the California State University have signed up with the Institute of Electronic Governance of Andhra Pradesh (IEG) to take up collaborative initiatives under the MIT Open Knowledge Initiative (OKI). ...
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HUMAN RESOURCES
US Tech launches campus partnership
The Technopark-based US Technology has launched a campus partnership programme as part of which IT and BPO services player will reach out to a select list of `promising' colleges in the State. These partnerships will work towards elevating ...
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Will Hutch buyer be able to retain top managers?
`Its business model quite different from that of peers'
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Seal Info to double staff strength
Seal Infotech, a US-based service provider of SAP software with development centre here, will double its employee strength to around 800 in the country by 2008 end. It has invested Rs 4.5-crore on a new facility in Chennai and ...
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MERGERS & ACQUISITIONS
Decoding the telecom buzz on deal street
"Vodafone needs a true operating and controlling interest in an Asian operator to re-vitalise its shareholder value." — MR ROMAL SHETTY, DIRECTOR, TELECOMMUNICATIONS, KPMG
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Hutch-Essar sell-off to see a buzz of activity today
Vodafone CEO coming; Reliance board meeting; Essars set to begin due-diligence
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A pricey battle
The frenzy has gone out of the Hutch deal, at least for the moment. This gives time for calm reflection. Do the known facts justify the proposed price? Why were there so many contenders, even at this price? Hutchison-Essar claims it had 18.4 ...
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Vodafone chief may meet Mittal over Airtel stake
The Vodafone CEO, Mr Arun Sarin, may meet Mr Sunil Mittal, Chairman of Bharti Airtel, to initiate disengagement talks prior to acquiring Hutchison Essar. Vodafone will have to give up its 10 per cent stake in Bharti Airtel if it acquires ...
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ALLIANCES & JOINT VENTURES
NIIT arm, DB Systems plan tie-up
NIIT Technologies AG, the German subsidiary of NIIT Technologies, has closed an agreement with the IT full-service provider DB Systems GmbH, subsidiary of Deutche Bahn AG. NIIT, Germany will take over the function for DB ...
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BROADBAND
`India likely to use hybrid network for broadband'
India is probably going to see a hybrid network for broadband in the future, according to top telecom leaders speaking on the future of communication technology at Comsware 2007. The second international conference on Communications Software ...
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EVENTS
`Virtual delivery services very promising'
The Nasscom Chairman, Mr B. Ramalinga Raju, said that the global services industry accounts for about two thirds of world's gross domestic product and of this about 50 per cent have the potential to be delivered virtually. That means, of the ...
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VENTURE CAPITAL
NEA-IndoUS venture partner
NEA-IndoUS Ventures, a venture capital firm based in the US and India, has appointed Mr Bhaskar Menon, as Venture Partner to lead investments in the BPO/KPO area along the Indo-US corridor. Co-founded by, Mr Vinod K. Dham, and ...
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OUTLOOK
IBM carves out India/S.Asia unit
Recognising the growth potential in the sub-continent, IBM announced on Tuesday the creation of India/South Asia as its sixth and newest region in the Asia Pacific and ASEAN as a standalone region. India has been the fastest growing country for ...
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