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Wednesday, August 27, 2008
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MERGERS & ACQUISITIONS: Infosys to get inducement fee if Axon bid fails
Not aware of any competing bid, says CFO. Chennai/Bangalore Aug. 26 Infosys has agreed to buy out Axon Global Plc of the UK before calendar 2008 is over. But, as in all international acquisition attempts, what if another company is willing to ...

OUTLOOK: SETLabs to drive Infosys non-linear revenue
Working closely with clients on new IPs. Bangalore, Aug. 26 If applied research arm SETLabs has in recent years given its parent Infosys the differentiating edge in services, it is now geared to drive the non-linear revenue of the ...

INTERVIEW: CA hopes to double biz every two years
India team handles entire product development cycle. Hyderabad, Aug. 26 IT management software company CA is upbeat on India and plans to double its business within two years, its President and Chief Executive Officer, Mr John Swainson, ...

OUTLOOK: Satyam may gain Rs 1,000 cr if rupee level holds: CFO
To step up inorganic activity; non-US revenues set to increase. Hyderabad, Aug. 26 “If the rupee remains at the current level during the rest of the year, Satyam Computer will gain by about Rs 1,000 crore,” Mr V. Srinivas, Chief ...

BUYBACK: Sasken Communication files appeal with SAT
Against SEBI’s directions on buy-back of shares. Mumbai, Aug. 26 Sasken Communication Technologies has filed an appeal with Securities Appellate Tribunal (SAT) against SEBI’s directions relating to company’s buy-back of ...

HUMAN RESOURCES: Labour Ministry says no notice was sent to Huawei
The ‘letter’ sent to the Chinese company was forged. New Delhi, Aug. 26 The Ministry of Labour and Employment on Tuesday clarified that it has not issued any notice to Huawei on the alleged violations of various labour and ...

STOCKS: IT stocks jump on weak rupee
Uncertain US economy may spoil the party: Analysts. Mumbai, Aug. 26 A weakening rupee pushed up information technology (IT) stocks on Tuesday. The BSE IT index closed up 0.86 per cent from its previous close. ...

HARDWARE: Targeting children


TELECOMMUNICATIONS: TCIL stake sale in Hexacom gets DoT nod; Bharti may pick up 30% stake
New Delhi, Aug. 26 The Department of Telecom has given its approval to divesting the 30 per cent stake held by Telecommunications Consultant of India Ltd in Bharti Hexacom, a company which offers mobile services in Rajasthan. ...

OUTSOURCING: Firstsource share price rises on stake sale rumour
Mumbai, Aug. 26 The share price of ICICI-promoted back office firm Firstsource Solutions went up by 22.69 per cent on the bourses on ...

TELECOMMUNICATIONS: DoT revises schedule for 3G auction agency process
New Delhi, Aug. 26 The Department of Telecom has postponed the process to appoint an agency which will conduct the auction of spectrum for third generation mobile services. ...

From eWorld

OUTSOURCING: Hello… it’s your call
The Government’s move to allow agents of ‘Other Service Providers’ to work from home throws open the ITES employment scene to more people, young and old.. Talk of good news coming down the line! In a move that will, doubtless, ...

SECURITY: A classic cyber war?
The Russia-Georgia clashes bring cyberspace issues to the fore.. It is again eventful times in cyberspace. It all started earlier this month with the entry of Russian troops into neighbouring Georgia’s South Ossetia, a region not ...

INTERVIEW: The transforming BPO landscape
Infosys BPO is bullish on growth prospects, never mind the US slowdown.. The last few years have seen the Indian BPO (business process outsourcing) industry ride the offshore wave to its advantage, both in terms of business as well as employment ...

OFF-SHORE DEVELOPMENT: Europe beckons
With Europe eager more than ever to walk the India path, opportunities to get business out of the continent are growing for Indian IT ...

BOOKS: On convergence track
The four aspects of software quality are converging into one quality definition.. Four aspects of software quality are converging, and these are business excellence, service excellence, security, and information integrity, say Kamna Malik and ...

INTERNET: Lazy again, or lazy still?
Till about a year ago, my son would bring his large lego blocks and ask me to build something, usually a train, sometimes a car or an aeroplane. He’d be pretty happy with the results, as I used to spend a long time building whatever he ...

CYBER QUEST: Quiz
V.V. Ramanan. 1. Which iconic computer celebrated the 10th anniversary of its launch on August ...

CARTOON: Cartoon






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Markets (Aug 26)
Nifty (at close)4337.50(+2.15)
US Dollar (Buy/Sell)44.01/02
Brent crude (a bbl) Rs4,933
Gold (a gram) Rs1,094
Silver (a kg) Rs20,295


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In Focus
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Aug. 17-Aug. 23
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eWorld



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