The Hindu Business Line : Tuesday, August 14, 2007

ANNOUNCEMENTS
Spice gets long distance licence
New Delhi, Aug. 13 B K Modi promoted Spice Telecom today said it has bagged the licence to offer national and international long distance telephone services in India. The company at present offers cellular services in Punjab and Karnataka. ... More

NEW BUSINESS
Bharti unit wins Elbee contract
Airtel Enterprise Services, a strategic business unit of Bharti Airtel Ltd, has been awarded a sales force automation contract by Elbee Express. As part of this project, Airtel is setting up a customised end-to-end sales force automation solution ... More

AWARDS & HONOURS
Gameshastra shorlisted for award
Gameshastra today announced it has been short-listed as one of the top 200 contenders for Red Herring 100 Asia 2007 awards, according to a company statement.—Our ... More

TELECOMMUNICATIONS
Bharti, Vodafone hike mobile tariffs
Users will have to pay Rs 1.20/minute More

Growth target
More

BSNL, MTNL investing $400 m for undersea cables
New Delhi, Aug 13 Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd are jointly investing $400 million in rolling out submarine cable links from India to South-East Asia as well as West Asia. The cable is part of the two ... More

Bharti mulling tower biz transfer
Bharti Airtel on Monday said it will hold separate meetings with shareholders and creditors on September 7 and 8, respectively for considering the transfer of its tower business to its wholly owned subsidiary Bharti Infratel Ltd. The move is ... More

STOCKS
Shareholder base of top 3 majors swells
Stock option conversions, bonus encashment drive investors More

FINANCIAL PERFORMANCE
HCL Tech Q4 net up 109%
New Delhi, Aug. 13 HCL Technologies Ltd has reported a 108.9 per cent growth in its net profit for the fourth quarter ended June 30, 2007. The net profit was at Rs 486.7 crore against Rs 233 crore in the same quarter the previous ... More

SOFTWARE
SGT investing $8 m for further expansion
Chennai, Aug. 13 SGT India Pvt Ltd, a software development and engineering consultancy company, plans to expand its India operations. The company offers services aimed at improving time-to-market. “Targeted at small and medium ... More

BEA tops in server software space
BEA Systems has been identified as the leader in Indian application server software space by independent analyst group IDC. The IDC report reveals that BEA Systems, with a market share of 30 per cent in the Indian application server software, has ... More

OFF-SHORE DEVELOPMENT
Prime Tech to invest in new units
Hyderabad, Aug. 13 Prime Technology Group Inc, with operations in the US and Hyderabad, plans to invest up to $20 million for expansion in India and expects to ramp up headcount.The company, earlier called Knowledge Infotech, has ... More

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