The Hindu Business Line : Tuesday, January 23, 2007

OPEN OFFERS
Oracle ups stake in i-flex
Oracle Global's holding in i-flex Solutions has gone up to 82.83 per cent from 55 per cent, consequent to its recent open offer. Oracle acquired 22,807,513 shares of i-flex ((28 per cent) during the offer. The US-based company ... More

TELECOMMUNICATIONS
Airtel launches `Temple Offering' service
Airtel has launched the `Temple Offering' service, which allows you to make a donation to a temple via SMS. SMS offerings can currebtly be made to four temples: Mantralaya (AP); Siddi Vinayak (Mumbai); Dharmasthala (Karnataka); and Jalaram ... More

Stay on BSNL mega tender extended
The Delhi High Court on Monday further extended the stay on Bharat Sanchar Nigam Ltd's 45.5 million line cellular contract till February 1. The case, which came up for hearing today, was postponed by the court till February 1. The case was ... More

INFRASTRUCTURE
IT's just not happening!
The new IT policy of the Kerala Government has a long way to go before it can hope to make the State "a cradle of knowledge workers". More

TECHNOLOGY
Use your voice for taking out cash, sending SMS
Speech recognition tech set to replace punching keys More

FINANCIAL PERFORMANCE
Sify Q3 revenues grow 15.8%
Internet and enterprise services provider Sify Ltd has reported a 15.8 per cent rise in revenues for the quarter ended December 31, 2006. The company's revenues stood at $31.5 million (Rs 141.7 crore). The sequential growth in revenues over ... More

Sonata Software net up 84.6%
Sonata Software has reported an 84.6 per cent rise in net profit, at Rs 15.71 crore for the quarter ended December 31, 2006. The company had reported a net profit of Rs 8.51 crore in the same year ago period. The company's ... More

Nucleus Software PAT up 58 pc
Nucleus Software Exports posted a profit-after-tax (PAT) at Rs 13.94 crore, up 58.05 per cent, in the third quarter ended December 31 against Rs 8.82 crore in the corresponding quarter last year. The consolidated revenues increased by 50.21 ... More

HARDWARE
Cubit Computers to market laptops
To open 30 `cubit alleys' by year-end More

MERGERS & ACQUISITIONS
VisualSoft merger gets nod
Megasoft Ltd has informed BSE that shareholders at the Extraordinary General Meeting (EGM) held on Monday, have approved the scheme of amalgamation of VisualSoft Technologies Ltd with the company. ... More

INTERVIEW
`Manufacturing, fabs will face a tough climb'
Analog Devices India MD looks ahead at sem industry More

BROADBAND
Airtel eyes WiMAX space
Bharti Airtel is evaluating options to enter the Worldwide Interoperability for Microwave Access) (WiMAX) space. When contacted, the company issued a statement saying, "We are watching the technological developments in the WiMAX ... More

NIXI may provide inter-node transit bandwidth
Net access set to turn cheaper, faster More

VENTURE CAPITAL
NEA-IndoUS Ventures sets up office
NEA-IndoUS Ventures, a US-based venture capitalist has set up an office in Bangalore. Mr Vinod Dham, Executive Managing Director, NEA-IndoUS Ventures said the company was looking to invest in early and mid-stage innovative Indian ... More

PERFORMANCE
Polaris Q3 net at Rs 32 cr; strong rupee drags margins
To pay interim dividend of 20 per cent More