Financial Daily from THE HINDU group of publications
Wednesday, February 22, 2006
Markets (Feb 21)
BSE Sensex10168.11(+88.81)
S&P CNX Nifty3035.50 (+29.65)
US Dollar (Buy/Sell)44.37/44.50


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OUTSOURCING


Allsec Tech bags service deal from Australian co
ALLSEC Technologies, a Chennai-based BPO company, will be offering call quality management services (CQM) as a product rather than a service to Sales Force, an Australia-based call centre firm, according to Mr Adi Saravanan, Founder and ... More

TELECOMMUNICATIONS


Tatas Tele for scrapping ADC
TATA Teleservices today said the Government should do away with Access Deficit Charge (ADC) completely as it was non transparent, inefficient and uneconomical. The company, which is the second largest CDMA-based mobile player in the country, ... More

Reliance Info bags GE Money deal
MUMBAI: Reliance Infocomm said it had won a multi-year contract to be a network service provider to GE Money for an undisclosed amount. As part of the agreement, Reliance will initially network 122 GE locations on its pan-India ... More

FINANCIAL PERFORMANCE


Reliance Communications Q3 net profit at Rs 310 cr
RELIANCE Communications Ventures Ltd (RCVL) posted a net profit of Rs 310 crore for the third quarter ended December 31, 2005, on revenues of Rs 3,327 crore, according to a statement from the Reliance group of Anil Ambani. RCVL is the holding ... More

HARDWARE


AMD expects to double growth in India this year
ADVANCED Micro Devices Inc (AMD), the world's second-largest microprocessor chip manufacturer, expects to double its growth in the country during the year 2006. Mr Henri Richard, Executive Vice-President of the California-based firm, said that ... More

SOFTWARE


Oracle launches embedded biz unit — To set up innovation labs in India
These innovation labs will enjoy close development links with Oracle R&D centres in the US. More

Tally India to foray into China with languages software
ACCOUNTING software company Tally India, which has launched its concurrent multi-lingual business accounting and inventory management software, Tally 8.1 in ten Indian languages, is all set to take the product to China where it will offer the ... More

Ram Info signs up for iSethu
HYDERABAD: Ram Informatics Ltd has informed BSE that it has signed up for iSethu, an e-Governance project for Mumbai city with the Maharashtra Government. The project is to be executed along with the consortium partner CMS Computers ... More

UTV's new animation facility
UTV has said that it has invested in a new animation facility with 225 workstations with blade render farms and Max software, at its Andheri studio. The investment for this 25,000 square feet facility is around Rs 24 crore. This facility is ... More

INTERNET


Monster India site gets a facelift
HYDERABAD: Monster India, part of online recruitment facilitator, has launched a brand new version of its job site with a complete makeover not just in look and feel but also in the core search technology that the site is built on. The ... More

Portal to search serviced apartments
BNA Technology Consulting Co Ltd, a Bangalore-based application services provider has launched a portal to cater to the needs of the growing hospitality industry. The portal www. serviceapartmentbooking. com will help travellers to access ... More

IT TRAINING


Mammootty is goodwill ambassador for Akshaya
FILM star Mammootty will be the goodwill ambassador for the State Government's Akshaya computer literacy project. Mr Mammootty will take up the responsibility of spearheading the Akshaya campaign through special appearances in print and visual ... More

HUMAN RESOURCES


IT industry to urge Bush to raise H1-B visa cap
THE information technology industry would pitch for increasing the number of H1-B (non-immigrant) visas and a mechanism to refund the social security taxes paid by the Indian professionals in the US, when President Mr George Bush visits India ... More

MERGERS & ACQUISITIONS


Logix shortlists two US cos for buy-out — Board meet today to discuss fund-raising
LOGIX Microsystems Ltd, a provider of enterprise business solutions, has shortlisted two US companies for acquisition and may conclude a deal sometime in the irst quarter of the next financial year, said the Managing Director, Mr Sanjay Soni. ... More

Court order can quicken merger with vMoksha, says H&M — `Pawan Kumar will help complete the deal'
`The next step is where our arbitrator would discuss with the two parties'. More

EVENTS


China invites Indian cos
CHINA invited Indian IT firms to explore opportunities in the sector in Beijing, even as India's software companies association mooted a partnership to develop what it called "intelligent" products using locally developed software in Chinese ... More

IT-ENABLED SERVICES


Goa woos call centre cos
THE Goa Chief Minister, Mr Pratapsingh Rane, has said the Government is encouraging IT industries and also providing required infrastructure for setting up such industries in the State. Mr Rane was addressing the delegates at the `Goa BPO ... More

STANDARDS & BENCHMARKS


Infotech gets certification
HYDERABAD: Infotech Enterprises Ltd has announced that they have been certified with AS9100 for their aerospace practice. AS9100 Quality Systems for Aerospace is the standard for quality assurance in design, development, production, ... More



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In Depth

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Looking back
Feb. 12-Feb. 18
CSO puts software sector's contribution to GDP at 2.7 pc



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