The Hindu Business Line : Friday, January 18, 2008

TELECOMMUNICATIONS
BSNL IPO only if it is appropriate, says Govt
New Delhi, Jan. 17 The Government said on Thursday that an Initial Public Offering by Bharat Sanchar Nigam Ltd will be considered only if it was appropriate. “It was told by the Minister of Communications and IT (during the press ... More

‘New spectrum norms not in line with TRAI’s criteria’
New Delhi, Jan 17 The Cellular Operators Association of India (COAI) has told the Government that the final subscriber-linked spectrum allocation criteria were not in conformity with the recommendations of the telecom regulator. The ... More

TRAI distances itself from DoT’s decision
New Delhi, Jan. 17The Telecom Regulatory Authority of India (TRAI) has shot off yet another letter to the Government saying that the decision to give Letters of Intent to new players was not totally in line with the recommendations of the ... More

Airtel slashes lifetime prepaid rates
More

FINANCIAL PERFORMANCE
HCL Tech Q2 net profit rises 16.3%
Volume growth, increase in billing rates lift earnings More

SOFTWARE
Code Bhopal
Two friends and an IT company find their feet in tier-two India. More

TCS Q3: Sedate, but deal pipeline may hold the key
On the face of it, TCS’ numbers do not provide any indications of any negative developments in the IT sector. The company’s revenues grew 5 per cent sequentially over the September quarter to Rs 5,923 crore. EBITDA (Earnings ... More

OnMobile Global IPO price band fixed at Rs 425-450
Mumbai, Jan. 17 OnMobile Global Ltd, a provider of telecommunications value added software products and services in India with an expanding international presence, will enter the capital market with an initial public offering of 1.09 crore ... More

Perot wins Experian deal
More

HUMAN RESOURCES
Indian tech workforce is two million strong
One million to two million in just 3 years More

TCS campus offers
TCS has already made 22,000 campus offers for next year, Mr S Padmanabhan, Executive Director, Human Resources, has said. In the third quarter of the current fiscal, TCS saw a gross addition of 7522 employees. “At the end of the current ... More

MERGERS & ACQUISITIONS
Kavveri Tele buys 2 cos overseas
Bangalore, Jan. 17 Kavveri Telecom Products, a telecom technology company, has acquired Spotwave Wireless Inc, US and Spotwave Wireless Inc, Canada for $7 million.The acquisition allows Kavveri access to Spotwave’s intellectual ... More

ALLIANCES & JOINT VENTURES
Oracle, HP team up
More

OFF-SHORE DEVELOPMENT
CMC aims to improve overseas revenues
To scale up education biz too More

OUTLOOK
TCS cautious on US scenario
Chennai, Jan. 17 Tata Consultancy Services says it remains cautious with regard to the macro-economic environment in the US, which in turn could affect IT budgets. However, so far, large client budgets for IT spending have remained unaffected, ... More

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