Business Daily from THE HINDU group of publications
Thursday, May 15, 2008
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Markets (May 14)
BSE Sensex16978.35 (+225.49)
S&P CNX Nifty5011.75 (+53.95)
US Dollar42.53 (+0.40)


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INFO-TECH

OUTSOURCING
Outsource Partners opens new centre
Outsource Partners International Inc (OPI), a provider of finance, accounting, and tax business process outsourcing as well as related services, said on Wednesday it opened a new shared service centre in Bangalore. This centre, together with ... More

TELECOMMUNICATIONS
BSNL decides to deploy HP’s disaster recovery solutions
Move follows Ericsson’s request More

Virgin Mobile India names new CEO
Mumbai, May 14 Virgin Mobile India, a joint venture between the UK-based Virgin Group and Tata Teleservices, has appointed Mr Madhusudan Mandyam as its Chief Executive Officer.Mr Madhusudan brings with him over 25 years of experience, ... More

Shyam gets CDMA spectrum in Maharashtra
New Delhi, May 14 Shyam Telelink, partly owned by Russian conglomerate Sistema, has been allocated start-up CDMA spectrum for Maharashtra circle. Earlier, Shyam has been allocated spectrum for 12 circles namely Tamil Nadu, West Bengal, ... More

Airtel to gain from IFFCO societies in TN
Coimbatore, May 14 Bharti Airtel, which has tied up with cooperative major Indian Farmers and Fertilisers Cooperative (IFFCO) to get hold of extra footprint in rural telecom marketing, will have the benefit of 4,000 farmer societies affiliated ... More

INFRASTRUCTURE
Vodafone Essar seeks FIPB nod for investment in tower co
New Delhi, May 14 Vodafone Essar Ltd has sought Foreign Investment Promotion Board (FIPB’s) approval for investment in Vodafone Essar Infrastructure Pvt Ltd (VEIPL), its proposed wholly owned subsidiary to provide tower infrastructure ... More

SOFTWARE
MphasiS expanding Chennai operations
To invest Rs 80 crore, add 3,600 seats this year More

Satyam tool for manufacturing cos
Satyam Computer has announced it has developed a solution for process manufacturing companies useful in annual or semi-annual plant maintenance shutdown. Citing the Priya Cement deployment, the brand name of Rain Commodities Ltd (RCL), Satyam ... More

TODAY'S PICK (Latest Audio: English/Tamil)
Polaris Software Lab (Rs 109.35): Buy
We recommend a buy in Polaris Software Lab from a short-term perspective. It is clearly visible from the charts that the stock has formed a significant trough at Rs 62 in January. This trough has halted the long-term down trend that was in ... More

Jupiter Infra Trade mulls solutions for global transactions
Jupiter Infra Trade (JIT), promoted by the Delhi-based Unicon group of companies having interests in financial services, proposes to provide end to end solutions to facilitate global transactions.“The solutions we will provide ... More

IT TRAINING
Toonz signs pacts with Chinese universities
Hyderabad, May 14 Toonz Academy, a subsidiary of Toonz Entertainment Pte Ltd of Singapore, has set its eyes on the Chinese, the Gulf and Maldives markets to explore animation training and development opportunities there. Addressing a press ... More

IPR
Satyam loses patent related case in UK; may appeal against order
More

OVERSEAS INVESTMENTS
Nettlinx to buy Australian firm
Nettlinx Ltd has informed the BSE that the board of directors at its meeting has considered acquisition of the capital of Anchor Systems Pty Ltd, Sydney, Australia, a hosted services provider. The company board has authorised Mr Vijay Bhasker ... More

CONVERGENCE
‘Mobile space headed towards convergence’
Bangalore, May 14 The mobile market is headed towards convergence – of platforms, operating systems, applications, technologies and media, said Ms Christy Wyatt, Vice-President – Software Platform and Ecosystem, Motorola. But even ... More

EVENTS
Redington’s digital expo from May 16
Chennai, May 14 Redington India Ltd, a leading supply chain service provider for IT and related products, is organising an exhibition for IT, consumer electronics and telecom products — Digital Expo 2008.The first edition of the ... More

‘Navigation tech critical for India’
Bangalore, May 14 With poor directions and navigation facilities on Indian roads, a high-quality navigation technology is critical for the country, said Mr Rakesh Verma, Managing Director, MapmyIndia, provider of digital map data on mobile ... More

MARKET SHARES
Global IT services: Top 6 Indian cos’ market share rises to 2.4%
Worldwide services revenue up 10.5% amid US slowdown: Gartner More

PEOPLE
Avaya appoints new MD
Pune, May 14 Business communications applications provider Avaya has announced the expansion of its R&D operations in Pune as part of its initiative to increase its foothold in India. The company has also appointed Mr Samir Gulve as ... More

NEW PRODUCTS & SERVICES
SatNav offers regional voice prompts
SatNav Technologies has announced it has introduced voice prompts in eight Indian languages, which the company believes will enable them to cater to a larger market of geographical positioning system-based navigation. Users can now drive ... More






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
What do REMFs offer stakeholders?

BSNL decides to deploy HP’s disaster recovery solutions

India to soon emerge as US Ex-Im Bank’s largest client

Ornamental fish may get green certification

Syndicate Bank to contain bulk deposits this year

Bangalore airport to open on May 23

Anti-money laundering readiness of Indian banks

Looking back
May. 4-May. 10
Coal India to market 40 mt thru e-auction during May-July

Bharti joins new consortium to lay India-UK cable system

Setting store by online talent referral

DoT defers decision on VSNL stake sale

GSM user base growth dips in April as BSNL turns laggard


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