The Hindu Business Line : Friday, February 22, 2008

Telecom operators not investing in new tech: IT Minister
Chennai, Feb. 21 Telecom operators are not willing to invest in new technology that will render telecom services at prices cheaper than what they are presently, according to Mr A. Raja, Union Minister of Communications and Information ... More

Essar chain’s Mobile Store on expansion mode
To add 3 stores a day; plans 1,450 stores by year-end More

GETIT releases BizList
GETIT Inforservices Ltd has released GETIT BizList — a multi-telecom commercial telephone directory — in Mangalore. Mr Prasad N.K., Divisional Manager of GETIT Inforservices Ltd, told presspersons here on Thursday that this is an ... More

BUDGET
Bring software tech parks holiday scheme on par with SEZ
In the run up to Budget 2008, existing themes continue to dominate the IT/ITES industry wish list. Continuation of the tax holiday for software technology park (STP) units beyond 2009 is a key concern area for the industry, particularly ... More

FINANCIAL PERFORMANCE
Hexaware reports Rs 81-cr loss on forex deals
Mumbai, Feb. 21 Hexaware Technologies, which had suffered a severe blow recently on account of certain unauthorised forex derivative deals entered into by a company official, on Wednesday reported a Rs 81-crore loss for the quarter ended ... More

HARDWARE
NXP to help operators cut down on middlemen, process brands
Now moving up value chain not hiring a value proposition More

Centre urged to come out with hardware policy
Kolkata, Feb. 21 The West Bengal Minister for Information Technology, Dr Debesh Das, on Thursday urged the Centre to come out with a national hardware policy with a view to facilitating growth of the hardware industry in the ... More

SOFTWARE
GSS America issue price at Rs 400
Technology infrastructure services provider GSS America Infotech is set to invest Rs 66 crore in the company campus being developed near Hyderabad and Rs 10 crore for setting up overseas operations.The company, which entered capital ... More

TODAY'S PICK (Latest Today's pick audio)
Hexaware Technologies (Rs 79.55): Buy
We recommend a buy in Hexaware Technologies from a short-term perspective. From the charts of this stock, we note that the stock has been on a long-term down trend from its December 2006 high of Rs 204.9. However, the stock found support at ... More

Day Trading Guide
In line with our expectation, the stock declined on Thursday. We maintain our sell recommendation in this counter. Infosys On Thursday, the stock conclusively broke out of the short-term sideways consolidation ... More

MERGERS & ACQUISITIONS
Integra to acquire 2 e-publishing cos
Puducherry-based content process outsourcing firm Integra Software Services plans to acquire two foreign companies in the e-publishing space in the current year. According to Mr Sriram Subramanya, Founder, Managing Director and Chief ... More

Mascon may buy Sam Pitroda’s C-SAM by June
‘Deal will make India the centre for important innovations in telecom sector’ More

IMPACT
HCL Tech buy may beef up BFSI offering
Stock still at discount to Tier-I peers More

OVERSEAS INVESTMENTS
RCom buys Ugandan co, to invest $500 m
Anupam Global holds infrastructure and public service provider licences More

OFF-SHORE DEVELOPMENT
Infosys unveils first Latin American subsidiary
Mexico chosen due to broad language skills More

Wipro opens global service centre in Kuala Lumpur
Bangalore, Feb. 21 Wipro Ltd has said it started a global service management centre (GSMC) in Cyberjaya, Malaysia. This centre would cater to the infrastructure and application management service requirements of customers across the ASEAN ... More

SECURITY
Spam on lunar eclipse
Websense Security Labs has detected a run of spam mails that attempt to dupe users into downloading and installing a video of the lunar eclipse. The Lab has in a release said access to any of the various Web sites hosting the malicious code and ... More

Survey explodes many myths on IT risk management
Pune, Feb. 20 Symantec, player in the infrastructure software, has launched the second volume of the IT risk management report, revealing that awareness of the importance of risk management was increasing among the IT community. The ... More

ISPS
Goldstone Tech launches IPTV in Thailand for NRIs
Joins hands with Synap Media & Infotech More

OUTLOOK
Patni eyes Japan market to double revenues in 3 years
Mumbai/Chennai, Feb. 21 IT solutions vendor Patni Computer Systems expects to almost double revenues from Japan within the next three years. Patni is confident of making further inroads into the Japanese market, as most Japan-based companies ... More

Govt, DTH players to discuss interoperability of set-top boxes
‘Using technology as an entry barrier not a solution’ More