INFO-TECH
OUTSOURCING
Indigo Nortech BPO in Kochi
KOCHI: Indigo Nortech, a joint venture between the US-based Indigo Technologies and Nortech Infonet Pvt Ltd, is setting up a business process outsourcing unit in Kochi, focusing on the healthcare sector. The company, which will have 100 ...
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TELECOMMUNICATIONS
Phone tariffs may fall as TRAI moots cut in ADC
TELECOM tariffs are likely to fall by 16-25 per cent with the Telecom Regulatory Authority of India (TRAI) proposing to bring down the Access Deficit Charge (ADC) to between 2.2 per cent and 5.3 per cent of the revenue, instead of the present ...
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Mobile phone usage up, but revenue per user declines
INDIANS are talking more but paying less. While minutes of usage for cellular services increased by 45 per cent from 222 minutes per month per subscriber in March 2003 to 322 minutes in March 2004, the average revenue per user declined 19 per ...
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STOCKS
FIIs allowed to buy SSI shares, debentures
THE Reserve Bank of India has notified that FIIs can now purchase equity shares and convertible debentures of SSI Ltd under Portfolio Investment Scheme (PIS) through primary markets and stock exchanges in India up to 74 per cent limits of its ...
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FINANCIAL PERFORMANCE
VSNL Q4 net down 57 pc; to pay Rs 4.5
THE continuing decline in revenues and profit from its international telephony business has more than halved VSNL's net profit for both the quarter as well as the year ended March 31, 2004. Net profit for the quarter declined 56.9 per cent, to ...
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HARDWARE
Zenith to launch new Intel chips
NEW DELHI: Zenith Computers Ltd on Wednesday announced that it will soon launch the sequel to Infotainer PC - Infotainer 2 based on Intel's latest chips — 915G and 915P. The new PC will support advanced sights and sounds, with ...
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SOFTWARE
Magic Soft plans to set up sales office
MAGIC Software Enterprises, an Israel-based IT company, has identified India as a growth market for its products that help enterprises in business integration . Magic Software, which earned a revenue of $60 million last year, hopes India would ...
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Synopsys Inc opens 3rd centre in Noida
SYNOPSYS Inc, the semiconductor design software company, has opened an office in Noida to better serve the growing customer base in India's northern region. The Noida office will initially have 20 employees providing sales and support services to ...
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Quantech Global working on auto design solutions
QUANTECH Global Services, an engineering design and technology solutions provider for the automotive industry with design centres in Hyderabad and Bangalore, is working on a project for the automotive industry that seeks to better body structure ...
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RESTRUCTURING
Cybernet Soft to spin off Synaptris; infuse Rs 10 cr
THE Cybernet Software Systems (CSS) group will spin off Synaptris Decisions, a software products division, into a separate company, and will infuse external funding of about $2.5 million (Rs 10 crore) into it. About 90 CSS employees will move to ...
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ALLIANCES & JOINT VENTURES
Airbee ties up with Link Plus
CHENNAI: Airbee Wireless Inc, a company that develops software for wireless applications, has announced a tie-up with the US-based Link Plus Corporation. Under the pact, Link Plus will use Airbee's software in its products. Airbee, a ...
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HCL Tech in pact with Microsoft
NEW DELHI: HCL Technologies today announced it has been named a global systems integrator partner of Microsoft Corporation. This would enable HCL Tech to build and deliver solutions on the latest Microsoft technologies. The companies ...
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OFF-SHORE DEVELOPMENT
Affiance flags off India operations
GLOBAL security firm Affiance Group LLC has announced the launch of its India operations. The subsidiary Affiance Security & Loss Preventions Solutions India Pvt Ltd (Affiance India) would be headquartered in Mumbai with sales and marketing ...
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E-COMMERCE & E-BUSINESS
eBay plans to leverage Baazee for global trading
Commodities including textiles, garments, leather, apparels, gemstones, traditional handicrafts and jewellery are in great demand and eBay hopes Indian exporters will take advantage of eBay to sell to overseas buyers.
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E-MAIL
Rediff aims for big chunk of global e-mail user base
BY taking on the likes of Yahoo and Google by offering 1GB storage space to all e-mail users, Rediff.com hopes to snap up 60 per cent of all new e-mail users and increase revenues by 50-60 per cent through online advertisements. Online portals ...
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PERFORMANCE
Red Hat reports $10.7-m income
NEW DELHI: Red Hat, the open source and Linux provider, has reported a net income of $10.7 million for the quarter ended May 31, 2004. It is an increase of 113 per cent over net income of $5 million in the prior quarter and an increase of ...
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