INFO-TECH
TELECOMMUNICATIONS
Bharti to surrender fixed line licences in four circles
BHARTI Tele-Ventures Ltd has decided to surrender four of its fixed line services licences to the Government and claim a refund of Rs 145 crore paid for them. The company said that it has informed the Department of Telecommunications that it ...
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Nokia sees business mobility as strategic area — Rolls out five new mobile phone models
NOKIA Corporation launched five models of mobile telephones at the inaugural ceremony of Nokia Connection 2004 here on Monday. The new models are Nokia 6630, a third generation (3G) multimedia, which comes with a megapixel camera; Nokia 6170, ...
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LG eyes larger GSM pie
THE GSM arm of the Korean major, LG Electronics, is bullish on the growing Indian telecom market. It expects to garner a 20 per cent market share by next year from the present 6 per cent riding on the launch of a range of mobile handsets, mostly ...
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FINANCIAL PERFORMANCE
MTNL profit rises 31 pc; to pay 45%
MAHANAGAR Telephone Nigam Ltd (MTNL) has reported a 31 per cent increase in net profit at Rs 1,150 crore for the year 2003-04 as compared with Rs 877 crore in the previous year. The company has announced a 45 per cent dividend. The net ...
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HARDWARE
Nasscom for exemption of excise duties on computers
THE National Association of Software and Services Companies (Nasscom) has called for complete exemption of excise and customs duties on computers in order to increase computer penetration. Sales to educational institutions, gram panchayats and ...
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SOFTWARE
Krone Comm rules out open offer
CONNECTIVITY solutions and cabling products firm Krone Communicaitons Ltd, which recently came under the ownership of ADC, has ruled out any possibility of an open offer for the time being. "Currently, we do not have any plan for open offer... ...
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IT TRAINING
New projects to mark C-DIT anniversary
THE Centre for Development of Imaging Technology (C-DIT) here is planning new projects in connection with its 15th anniversary on June 18. One of the projects is to start a college of convergence and entertainment technology. This will be the ...
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MERGERS & ACQUISITIONS
Flextronics open offer for HSS shares at Rs 548
FLEXTRONICS International has priced its open offer for 20 per cent of the paid-up equity capital of Hughes Software Systems (HSS) at Rs 548 a share. The offer price to the public shareholders is a rupee higher than what Flextronics paid for a ...
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Hutch seeks FIPB nod to consolidate group companies
HUTCHISON Max Telecom today said it has sought the approval of the Foreign Investment Promotion Board to consolidate its various telecom interests in India under a single entity. According to a press release issued here, Hutchison Max has ...
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FaceTime buys Tumbleweed centre
REAL-time communication management software maker, FaceTime Communications, has bought out the development centre of Tumbleweed Communications in Bangalore for an undisclosed sum, a company news release said. FaceTime will leverage more than ...
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E-GOVERNANCE
eGovernance awards
PUNE: "Making technology work is important but making technology work for the poor is the challenge'' is how Dr R.A. Mashelkar, Director-General, CSIR, likes to put it, while handing over the CSI-Nihilent eGovernance Award 2003-04 on ...
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EVENTS
Does IT matter? The debate is hotting up
DOES IT matter? The third Regional Infocomm Conference 2004 got off to an unusual start here on Monday with an animated discussion on this simple question. Pitted against an army of information technology experts was independent writer Mr ...
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VENTURE CAPITAL
Infinite Computer gets $6 m from WhiteRock
SOFTWARE services firm Infinite Computer Solutions (ICS) India Pvt Ltd has announced that it has secured a $6 million (around Rs 27 crore) funding from the Singapore-based investment management agency, WhiteRock Partners. Infinite plans to ...
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PEOPLE
NIIT Tech names its CEO
NEW DELHI: NIIT Ltd has named its whole-time director, Mr Arvind Thakur, as the CEO of its demerged entity, NIIT Technologies Ltd (NTL). Mr Subroto Bhattacharya and Mr Surendra Singh have also been appointed on the board of NIIT ...
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