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Tuesday, January 20, 2009
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TELECOMMUNICATIONS: Vodafone’s global CEO seeks more transparency in FDI rules
‘India not attracting the deserved amount of foreign investments’. New Delhi, Jan. 19 Vodafone Plc’s Chief Executive Officer, Mr Vittorio Colao, on Monday said that Indian policy makers need to put in place foreign direct ...

CORPORATE GOVERNANCE: SFIO looking into Satyam, Maytas ‘nexus’
New Delhi, Jan. 19 Finding an apparent “nexus” between events taking place in Satyam Computer Services and Maytas Properties Ltd and Maytas Infra Ltd, the Government on Monday expanded the scope of investigations being undertaken ...

OUTLOOK: ‘Getting Satyam back on rails is not impossible’
Immediate challenge will be to avoid break-up. Chennai, Jan.19 Getting Satyam Computer back on rails is difficult but not impossible, given the intrinsic strengths of the company, says a top official involved with managing its affairs now. ...

HUMAN RESOURCES: No off-campus hiring this year, says TCS
Mumbai, Jan. 19 Tata Consultancy Services has discontinued ‘off-campus’ hiring for the current year, largely due to the slowdown in demand for ...

TAXATION: Satyam bank accounts: ‘Attachment’ and release
Hyderabad, Jan. 19 The new board of Satyam Computer at its last meeting on Saturday had to spend a large part of the time fire-fighting. An assessing officer of the Income Tax Department had attached the bank accounts of the company to ...

TELECOMMUNICATIONS: Clarity on 3G auction dates next week: DoT
‘Spectrum allocation policy needs review’. New Delhi, Jan. 19 The Department of Telecom on Monday said that there will be clarity on the auction dates for third generation mobile phones by next ...

SOFTWARE: Some Satyam clients have contacted us: TCS
New Delhi/Mumbai, Jan. 19 India’s largest IT services company Tata Consultancy Services on Monday said it has been approached by some of Satyam’s clients for taking over ...

ALLIANCES & JOINT VENTURES: NetApp-TCS centre in Chennai
Chennai, Jan. 19 NetApp, a $3.3 billion US-based company, and Tata Consultancy Services (TCS) have announced a global alliance with the launch of a new NetApp-TCS centre of excellence lab in Chennai. A ‘Global Onsite ...

ECONOMIC OFFENCES: Safe custody of Satyam audit documents vital
The audit documents relating to Satyam Computers would constitute crucial evidence in tracking the manipulation of accounts, but nobody is quite sure who has them in their custody, said officials involved in ...

SOFTWARE: More Satyam clients serve notice
The pressure on the scam-hit Satyam Computer Services to hold high profile clients intensified with reports of a handful of them in the insurance, healthcare and aviation, serving notice for a ...

SOFTWARE: Satyam: Obvious caution signs ignored
Promoters selling stake in a growing company was an indicator. Mumbai, Jan. 19 The steady sale of Satyam Computer shares by the promoters over the last seven years did not ring a warning bell with analysts and investors, who now say that they ...

RESEARCH & DEVELOPMENT: India-UK team to research next generation networks
Bangalore, Jan. 19 A British Telecom-backed team of Indian and British scientists and engineers will head a £9.2-million research project to develop ‘Next Generation Networks’, vital to pushing forward the digital ...

ECONOMIC OFFENCES: SEBI sends questionnaire to Satyam’s ex-independent directors
Hyderabad, Jan. 19 The Securities Exchange Board of India team, which is probing into the Rs 7,136-crore financial fraud that had pushed Satyam Computer Services into deep crisis, has reportedly sent a questionnaire to independent directors ...

MERGERS & ACQUISITIONS: Tata Comm hikes Neotel stake to 56%
Mumbai, Jan. 19 Tata Communications has becoming a controlling shareholder in South-Africa based fixed-line operator Neotel by buying 30 per cent stake in company. The purchase brings Tatas stake to 56 per ...

COURTS/LEGAL ISSUES: Raju brothers’ bail plea hearing deferred to Thursday
Hyderabad, Jan. 19 The Andhra Pradesh High Court has dismissed a revision petition filed by the lawyers of former Satyam Chairman Mr B. Ramalinga Raju, his brother Mr B. Rama Raju and former Chief Financial Officer Mr Vadlamani ...

INFRASTRUCTURE: New venture
...

FINANCIAL PERFORMANCE: MindTree net drops 75%
Bangalore, Jan. 19 MindTree Ltd reported a 75.2 per cent drop in net profit for the December quarter, largely hurt by an $11-million mark-to-market provision for the period, and marginally pared standalone revenue forecast for ...

TELECOMMUNICATIONS: ‘Vodafone Essar has over 7.5 m subscribers in Gujarat’
Ahmedabad, Jan. 19 Vodafone Essar on Monday said that it has crossed the 7.5-million-subscriber mark in Gujarat, thus strengthening its market leadership in ...

FINANCIAL PERFORMANCE: MRO Tek posts Rs 1.27-cr loss
Bangalore: MRO Tek, a leading last mile network solutions provider, has reported net loss of Rs 1.27 crore due to a huge erosion caused by foreign exchange fluctuation of Rs 51.79 lakh for the quarter ended December ...

SOFTWARE: Tally simplifies VAT e-filing
...

From eWorld

TELECOMMUNICATIONS: Going nowhere
New telecom operators sounded the bugle after being awarded licence around a year ago. But they are yet to hit the road.. On February 26, 2008, the Communication and IT Minister, Andimuthu Raja, gave his permission to issue licences to new ...

INTERVIEW: `Cloud computing is silver lining'
When budgets are being slashed, Cloud offerings help companies think IT as opex rather than capex, says Ranjith Ramakrishnan of Cumulux.. At a time when organisations are frantically trying to cut costs and trim budgets, Ranjith Ramakrishnan, ...

INTERVIEW: The scene behind the screen
Is the slowdown hitting the media and entertainment sector’s IT spend? HCL on the status of the show.. In these times of recession, are media and entertainment players cutting back on tech spending? Karan Puri, Senior Vice-President, ...

INTERNET: Add sizzle to your site
For stay-at-home people or small entrepreneurs, the Internet offers a quick start of business and convenience to work at one’s pace and time. But small doesn’t always mean easy. Bigger Web sites, backed by larger investments, often ...

HARDWARE: Pet peeves and whimsies
Okay, this instalment is going to be on pet laptop peeves. First up, why can’t the laptop remember that I wanted to shut it down before I closed the lid? Why does it still go into standby or sleep mode even after I have shut it down ...

INTERNET: Sweet downloads
This portal dishes up hot news — and some Tirunelvi halwa too at your doorstep.. It is not unusual for someone visiting you from another city to ask, “Can I get you anything from my end”?Most of us would likely reply ...

E-COMMERCE & E-BUSINESS: Tickets at a click
How often have you missed that movie or favourite play simply because you didn’t have the time to book the tickets? Bookmyshow.com says it is a concept that is designed to put your social life on track again. Bookmyshow.com has ...

CYBER QUEST: Quiz
V.V. Ramanan.

1. Which iconic piece of hardware made its debut 25 years ago on January 24 to start a major revolution in the ...






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Silver (a kg) Rs19,090


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In Focus
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Looking back
Jan. 11-Jan. 17
Satyam fraud: More than accounting skullduggery

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Satyam effect: ICAI decides on deterrent action against CA firms

DoT agrees to increase 3G reserve price

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