The Hindu Business Line : Wednesday, February 20, 2008

PREFERENTIAL ALLOTMENTS
Zen Tech nod to pref share sale
Zen Technologies Ltd has approved issue of preferential shares to among others Mr. Rakesh Jhunjunwala and Mrs Rekha Jhunjhunwala and promoter group at a price of Rs. 135 per share (Rs 10 share) including premium of Rs125. The EGM held today ... More

TELECOMMUNICATIONS
RCom, HDFC Bank launch virtual credit card
Mumbai, Feb. 19 Reliance Communications and HDFC Bank have partnered to launch a virtual credit card on the mobile phone. Christened ‘Reliance mPay,’ the credit card will be made available to all Reliance Mobile users who ... More

Idea Cellular claims first right over spectrum
New Delhi, Feb. 19 Aditya Birla Group promoted Idea Cellular has shot off yet another letter to the Government seeking immediate release of spectrum for its nine new circles. The company has told the Department of Telecom that its application ... More

BUDGET
Industry seeks ministry for business outsourcing
Wish list includes removal on FBT on stock options More

HARDWARE
Indian chip designers capable of product ideas: ISA
Bangalore, Feb.19 The semiconductor ecosystem in India has evolved over the years, and this has led to a situation favourable for the manufacture of chips in the country, Mr S. Janakiraman, Chairman, Indian Semiconductor Association (ISA), ... More

Come, work with us, RCom tells EMS industry
Bangalore, Feb. 19 Having set up and run Flextronics’ operations in India, Mr A. Gururaj, has a good feel of the electronic manufacturing services (EMS) industry in India. Now, in his next assignment as a Senior Vice-President – ... More

SOFTWARE
Satyam sets up 350-seater centre for Microsoft
Hyderabad, Feb. 19 IT services provider Satyam Computer today announced it has expanded its existing multi-dimensional relationship with Microsoft Corp, and has established a 350-seater dedicated delivery centre in Hyderabad.The ... More

SIRO’s new IT infrastructure
Clinical research organisation SIRO Clinpharm Private Ltd (SIRO) has implemented a new IT framework comprising Oracle’s Life Sciences Applications (OLSA) and other Oracle applications running on Sun Microsystems’ (Sun) hardware ... More

IT TRAINING
NIIT ties up with Chinese province
NIIT on Tuesday entered into an agreement with provincial Government of Wuxi in China, to set up IT training centres and offer training programs.A Memorandum of Understanding to this effect was signed in the presence of Mr Yang Weize, ... More

ALLIANCES & JOINT VENTURES
3i Info plans JV with Chinese firm
3i Infotech signed a Memorandum of Understanding (MOU) with Beijing based Yucheng Technologies Ltd. to set up a 51:49 joint venture (JV) company in China. The yet unnamed JV is being jointly setup at an initial investment of $10 million with the ... More

Polaris, City Networks in pact
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BUSINESS MODELS
‘Pay per use’ BPO model to save 15-20% costs for TCS
Mumbai, Feb. 19 Tata Consultancy Services (TCS) expects platform-based business process outsourcing (BPO) solutions to enable cost savings of 15-20 per cent in the company’s BPO practice. The model is a hit with customers as well ... More

VENTURE CAPITAL
Tessolve expects $38 m funding by June
Bangalore, Feb. 19 Semiconductor company, Tessolve, which is putting up engineering, and assembly and testing facilities near Chennai, expects to go on stream by mid-October, Tessolve’sCo-Founder and Director, Mr V. Veerappan, told More

NEW PRODUCTS & SERVICES
Lightweights
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