Financial Daily from THE HINDU group of publications
Wednesday, July 09, 2003
Markets (July 8)
BL 2501308.68 (+3.46)
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Dollar (Buy/Sell)46.24/46.37
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OUTSOURCING


BPO income seen at $13.8 b in 2007
INDIA'S revenue from offshore business process outsourcing (BPO) during the current year will grow from slightly under $1 billion to $1.2 billion in 2003, representing 66 per cent of the global offshore BPO market, according to Gartner. This ... More

TELECOMMUNICATIONS


Cabinet will decide on telecom FDI: Shourie
FOLLOWING objections raised by the security agencies to increasing the FDI sectoral cap in telecom, the Department of Telecommunications (DoT) has recommended an alternative route of placing FII investments outside the existing sectoral cap ... More

DoT pursuing single licence proposal
THE Department of Telecommunications (DoT) has set the ball rolling on the proposed "universal licence" regime that is to replace the present system of separate licences for basic, cellular and long-distance operations. To start with, a ... More

VSNL, AT&T join hands for corporate networking
VIDESH Sanchar Nigam Ltd (VSNL) and AT&T on Tuesday announced a tie-up to jointly offer networking services to the Indian corporate sector. AT&T branded services would be offered in India under the VSNL umbrella under the agreement. Both ... More

SOFTWARE


InfoTech looking at buys in GIS, engg service
INFOTECH Enterprises Ltd (ITEL), the Hyderabad-based Rs 125-crore software solutions provider with specialisation in geographic information systems (GIS), has decided to continue to look at acquisition opportunities as a key ingredient of its ... More

Logica to move Bristol jobs to Bangalore — Plans more investment, hirings
EUROPE'S second largest software services firm LogicaCMG plans to move some of its mobile payments unit operations to Bangalore from Bristol. Top company sources admitted to such a job transfer. LogicaCMG could add close to 1,500 engineers in ... More

Frost & Sullivan moves key positions to Chennai
FROST & Sullivan has transferred critical front-end functions and key analysts' positions including operations to Chennai from the US even as the global consulting firm is expanding its operations in the city. The firm moved its back office ... More

INTERNET


  • MSN launches new chat tool

    IT TRAINING


    Major ITES/BPO training schemes planned in Kerala
    THE State Government proposes to implement a number of special schemes for encouraging empanelled agencies to set up training facilities on Internet enabled services/business process outsourcing (ITES/BPO) in educational institutions. This is ... More

    MERGERS & ACQUISITIONS


    Hughes Soft buys Tenet for Rs 18 cr
    HUGHES Software Systems (HSS) is acquiring the Bangalore-based Tenet Technologies Pvt Ltd for Rs 18 crore in an all-cash deal. The acquisition of Tenet is expected to enhance HSS's focus in Japan, where the former has a strong presence. Hughes ... More

  • Cyber Tech board okays US arm buy

    ALLIANCES & JOINT VENTURES


  • ABS pact with Alcatel
  • GTL ties up with US co

    SECURITY


    NIC begins digital signature service
    THE National Informatics Centres (NIC) on Tuesday became the first digital signature certifying authority in the Government sector, which will now issue digital signature certificates to officials of Central and State Governments and all district ... More

    BROADBAND


    RailTel, BSNL to sign `barter' deal
    RAILTEL Corporation of India Ltd and Bharat Sanchar Nigam Ltd (BSNL) will ink a business relationship agreement tomorrow for using the surplus bandwidth available with the Railways' subsidiary in return for technical expertise and manpower from ... More

    PEOPLE


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    BPO income seen at $13.8 b in 2007


    Seafood exporters get reprieve from Govt — Use of chemicals/preservatives in consignments

    FMCG majors adopt novel strategies to boost sales — Cut down on ad budgets to maintain profit

    Court allows divestment in Jessop

    Cabinet will decide on telecom FDI: Shourie

    In Focus
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    Pakistan Diary
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    In Depth
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    Simple Economics
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    Tax Talk
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    Corporate Governance

    Looking back
    Jun. 29-Jul. 5
    Pressure on billing rates to stay: Study

    TRAI asks Reliance to file separate ILD, NLD tariffs

    Hike in FDI sectoral cap in telecom unlikely

    `US firms save billions by offshoring to India'

    'Scope not bright for software exports to EU'

    `Mobile phones health concerns unproven'

    InfoTech plans foray into manufacturing


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