Business Daily from THE HINDU group of publications
Saturday, February 03, 2007
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OUTSOURCING
China no threat to India in IT/BPO: Report
China will remain only a distant competitor to India in the outsourcing landscape, according to a white paper prepared by Tholons Inc, a services globalisation advisory and investment firm. Lack of maturity in service delivery, cultural ... More

Firstsource IPO subscribed by 47.46 times
Transwarranty Finance 1.45 times More

TELECOMMUNICATIONS
Access deficit charge only on incoming ILD calls likely
Regulator seeks ways to reduce subsidy burden More

Hellosoft tech for Skype
Hellosoft has announced that Skype has licensed Hellosoft Internet telephony technology which would be incorporated in the latter's communication software. This technology enables Skype users to enjoy free, high quality voice ... More

FINANCIAL PERFORMANCE
Aptech net up 94% at Rs 1.65 cr
Aptech Ltd said that its consolidated net profit increased by 94.11 per cent for the quarter ended December 31, 2006. Net profit amounted to Rs 1.65 crore against Rs 0.85 crore recorded in the corresponding year-ago period. The company posted ... More

Tanla Q3 revenue, net spurt
Tanla Solutions Ltd, has recorded consolidated income of Rs 56.74 crore and a profit of Rs 23.03 crore for the third quarter ended December 31, 2006 against a total income of Rs 19.89 crore and a profit of Rs 10.38 crore for the ... More

SOFTWARE
India, fastest growing market for IBM
India continued to be the fastest growing market for IBM in 2006, where the company clocked a 37 per cent year-on-year growth driven by a strong momentum in its server, storage, software and services business. But, the company did not disclose ... More

Elixir starts delivery centre in Pune
To target IT, ITeS, manufacturing companies More

iGATE expanding in Bangalore
iGATE Global is expanding its development campus in Bangalore by adding one lakh sq feet of work space that can accommodate some 900 employees. The estimated cost of expansion is about Rs 30 crore, the company said in a press ... More

INTERNET
Award for Invis-designed Web site
The official Web site of Kerala Tourism, designed and maintained by Invis Multimedia, has won the `award of excellence' instituted by the Union Ministry of Tourism. The award is for the `most innovative use of information ... More

a1books enters Indian online retail space
The $26 million-turnover a1books of the US has extended its footprint to the online books retailing space in India. The company's site www.a1books.co.in has already gone live and is stated to be the largest ... More

Andhra varsity offers online learning
The Andhra University College of Engineering will now offer online learning to its 2,000 students through gyanX, a knowledge platform, developed by the Bangalore-based company Liqwid Krystal. The university has signed an ... More

HUMAN RESOURCES
Genpact tool to test BPO candidates
The Genpact Language Advantage Decider will evaluate innate skills More

NEW PROJECTS
Reliance Comm plans $2.5-b expansion
To take conservative approach on Hutch bid More

REGULATORY BODIES & RULINGS
TRAI reduces port charges; tariffs may drop
Tariffs set to decline from April More

ALLIANCES & JOINT VENTURES
MinVesta in pact with Canadian co
MinVesta Infotech, the IT products company of the Chennai-based staffing and human resources (HR) group, Ma Foi Management Consultants Ltd, has signed a memorandum of understanding (MoU) with the Canada-based Kumaran Systems. ... More

Motorola, IIIT-B ink R&D pact
Motorola has signed a comprehensive MoU with IIIT-B for collaborative research to develop cutting edge technology innovations and solutions, conducting research programmes and jointly work on projects in designated fields of science and ... More

M-COMMERCE
Pressmart, IMI Mobile partner to offer mPaper
Expect to take mPaper services global More

EVENTS
IT Secretaries' conclave in Hyderabad
The Vision Summit-2007 being hosted by the Indian semiconductor Association (ISA) in Hyderabad on February 5-6 would host a concurrent IT secretaries' conclave, and release a study on global competitiveness of India from a design ... More

VENTURE CAPITAL
NEA-IndoUS opens Bangalore office
NEA-IndoUS Ventures, a venture capital firm co-founded by Vinod K. Dham and Vani Kola, has announced the opening of its Bangalore office. Dr Kumar Shiralagi — who till recently was heading Intel's investments in technology and services in ... More

TRENDS
Declining tariffs push up outgoing ILD traffic
Indian players get more leverage with foreign carriers More






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