The Hindu Business Line : Wednesday, July 04, 2007

PREFERENTIAL ALLOTMENTS
Opto Circuits plans Rs 80-cr pref allotment
Bangalore, July 3 Opto Circuits India Ltd, leading manufacturer of medical diagnostics and interventional products, plans to raise Rs 80 crore by issuing up to 12 lakh convertible share warrants on preferential basis to promoters and directors ... More

TELECOMMUNICATIONS
Raja asks BSNL to review tender
In a bid to lower the costs of the project, the Communications and IT Minister, Mr A. Raja, has told BSNL to review the size of the 3G component in the 45 million cellular line tender. The move will further delay BSNL’s roll out plans even ... More

INFRASTRUCTURE
Armia starts new facility at Infopark
Kochi, July 3 Armia Systems Private Ltd, the Indian subsidiary of Armia Systems Inc., US, has started its development facility Vismaya Building at Infopark here. The centre was previously located in the Thapasya building of the ... More

FINANCIAL PERFORMANCE
Tricom India net up
More

SOFTWARE
Omnitech setting up centre in Pune
Mumbai, July 3 Info-tech services firm Omnitech Infosolutions is planning to set up a technology centre at Hinjewadi, Pune. “We intend to set up a 3,00,000 sq ft facility that will comprise an NOC (network operating centre), POC ... More

OVERSEAS INVESTMENTS
Reliance, Bharti shortlisted for Qatar mobile licence
The two Indian companies have tough competition from the likes of Vodafone, Verizon Communications, AT&T and Egypt’s Orascom. More

ALLIANCES & JOINT VENTURES
Bharti awards network expansion deal to Nokia
The contract valued at $900 m covers 8 circles More

OFF-SHORE DEVELOPMENT
SunTec sets up Singapore office
SunTec Business Solutions, global provider of relationship-based pricing and dynamic billing software, has announced the opening of its Singapore office. The new office is expected to grow from 12 to 22 employees within the next six to ... More

VENTURE CAPITAL
Microqual gets $10-m funding
More

OUTLOOK
Cognizant plans $200 m investment
Chennai, July 3 Cognizant Technology Solutions will invest around $200 million (around Rs 820 crore) in India through the end of 2008 to build new fully owned, techno-complexes in Chennai, Coimbatore, Hyderabad and Kolkata. This will ... More

PEOPLE
Nasscom Product Forum chief
Mr Subash Menon, founder chairman, Managing Director and CEO of Subex Azure Ltd, has been appointed as Chairman of the Product Forum of Nasscom. The key objective of the Nasscom Product Forum is to provide definitive focus for Indian product ... More

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