INFO-TECH
BUYBACK
MRO TEK mulls shares buyback
With its stock price falling below its current book value, MRO TEK proposed to go in for a buyback of its equity shares at the prevailing market price. MRO TEK in a notice to the stock exchanges said Tuesday that its board of ...
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TELECOMMUNICATIONS
Plea for open sky policy in satellite services
The broadcasting and telecommunications industries have renewed calls for the Government to consider an open sky policy in the satellite services segment that will enable greater choice for consumers. Indian and international industry ...
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Essar Telecom Retail in pact with Virgin Group
Essar Telecom Retail has entered into an agreement with the UK-based Virgin Group for brand licensing, technical and consultancy services for its mobile phone retail chain. Virgin will provide its expertise in branding, customer care, store ...
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Nokia to sponsor India Fashion Week
Mobile handset manufacturer Nokia has announced its association with Wills Lifestyle India Fashion Week (Autumn/Winter 2007) as an associate sponsor. Nokia also announced its tie-up with fashion designer Vikram Phadnis to create ...
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TAXATION
Assocham seeks tax sops for BPOs
Assocham has urged the Finance Minister, Mr P. Chidambaram, to let BPO companies and other ITES providers enjoy tax concessions for venture capital investments. The Finance Minister had announced a change in Budget 2007-08 for ...
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SOFTWARE
Industry-specific tools from Oracle
Enterprise software maker Oracle on Tuesday announced a new business strategy through its Accelerate Programme that offers a comprehensive set of industry specific applications for the rapidly growing small and medium business segments. Over 80 ...
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IT TRAINING
EMC, NIIT tie up for storage tech training
Global partnerships to cover 32 nations
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MERGERS & ACQUISITIONS
FIPB defers decision on Vodafone deal
The Foreign Investment Promotion Board (FIPB) on Tuesday deferred a decision on Vodafone's proposal to acquire Hutchison Telecom International Ltd's (HTIL) stake in Hutchison Essar. Vodafone has sought Government approval to complete the ...
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ADC acquiring Keonics' 11 pc stake in Krone Comm
Telecom gear manufacturer ADC has agreed in principle to acquire the 11 per cent stake held by Karnataka State Electronics Development Corporation Ltd (KEONICS) in Krone Communications (Krone India) through its subsidiary ADC GmbH. ADC will pay ...
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OFF-SHORE DEVELOPMENT
Omnitech centre in Bahrain
The Persian Gulf Sheikhdom of Bahrain will have its information technology related security and disaster management requirements from an Indian company. The Mumbai-based Omnitech InfoSolutions Ltd has formed OmniGulf Technologies ...
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BROADBAND
UTStarcom bags BSNL contract
Total contract size estimated at around Rs 550 cr
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VENTURE CAPITAL
GVFL invests in CEON Solutions
GVFL, venture capital company, has invested in CEON Solutions Pvt Ltd, a company incubated by the Centre for Innovation, Incubation and Entrepreneurship at Indian Institute of Management (Ahmedabad). CEON is a solution provider ...
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OUTLOOK
Dell eyes low-cost personal computer; seeks lower tariff structure
In a bid to double its sales to $1 billion in India, Dell Computers on Tuesday said that it was looking to introduce low-cost PCs in the market. So far, the company has been focusing on the enterprise and corporate segment with its notebooks and ...
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PEOPLE
Manoj Kohli heads Bharti's telecom biz
With Mr Sunil Mittal relinquishing his operation responsibilities in Bharti Airtel, the Group has appointed Mr Manoj Kohli to head the company's telecom business. Taking forward the recently unveiled Bharti Enterprises strategic apex organisation ...
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