The Hindu Business Line : Tuesday, August 12, 2008

INFO-TECH

MERGERS & ACQUISITIONS: Idea may take Rs 350-cr hit on Spice equity buy
DoT won’t refund fee for surrender of licences. New Delhi, Aug. 11 Aditya Birla Group-backed Idea Cellular may lose as much as Rs 350 crore if it wants to fructify its proposed acquisition of equity stake in Spice Communication. ...

OUTLOOK: Products sector has huge growth potential: Nasscom
Annual revenue seen at $12 b by 2015; roadmap being drawn. Bangalore, Aug. 11 Indian software product companies would have aggregate annual revenue between $9.5 billion and $12 billion by 2015, compared with $1.4 billion in 2008, according to ...

INFRASTRUCTURE: KEC International setting up 400 telecom towers in rural areas
Significant growth in demand seen. Mumbai Aug. 11 KEC International, part of the Rs 13,500-crore RPG Group, engaged in laying of power transmission lines on EPC basis globally, is broadening its business canvas to get into installation of ...

PEOPLE: WNS top brass take home $3.3 m as pay
New Delhi, Aug. 11 BPO major WNS’ directors and executive officers have taken home an aggregate compensation of $3.3 million during the fiscal ended March 2008, with Group Chief Executive Officer (CEO), Mr Neeraj Bhargava, alone ...

EVENTS: ‘Services providers can help product cos expand clientele’
Bangalore, Aug. 11 Partnership with the service providers, modification in college curriculum, closer ties with educational institutions and inflow of venture capital funds – all these put together could help to accelerate the pace of ...

TELECOMMUNICATIONS: 3G auction modalities by Sept
Number portability process to start in a week. New Delhi, Aug 11 The Department of Telecom on Monday said it would finalise the modalities of auctioning third generation mobile spectrum by September 30. This will include appointing an ...

OUTSOURCING: Captive power costs may dim Q2 results
Pune, Aug. 11 The use of captive diesel power generators to keep work schedules functioning normally despite the weekly load shedding has raised the daily operational costs for almost all companies across the industrial belt in the Pune ...

STOCKS: MFs hike, FII pare stake in Satyam in June quarter
Hyderabad, Aug. 11 Mutual funds, including UTI, have hiked their holdings in IT services provider Satyam Computer from 4.88 per cent to 5.56 per cent while foreign institutional investors (FIIs) have brought down their total holding marginally ...

TELECOMMUNICATIONS: Tata Indicom plans 100 low-cost retail outlets in AP
Tata Indicom is planning to set up at least 100 low-cost retail outlets in the rural areas and small towns of Andhra Pradesh in the next two months to increase its presence, according to Mr S. Ramakrishna, the Chief Operating ...

E-COMMERCE & E-BUSINESS: Vishal Technologies gains 30% on listing day
Mumbai, Aug. 11 Vishal Information Technologies, a company delivering digitisation and e-Publishing services, on its debut closed at a premium of 29.73 per cent from its listing price on Monday on the NSE. ...

TELECOMMUNICATIONS: Megasoft, Bharti in pilot project
Hyderabad, Aug 11 XIUS-bcgi, the telecom division of Megasoft Ltd, on Monday announced the launch of its eCogNito solution, a mobile transaction platform as a pilot for Bharti ...

PEOPLE: Michael Dell coming
Global PC major Dell’s founder and CEO, Mr Michael Dell, would be visiting India later this week. ...