INFO-TECH
ANNOUNCEMENTS
WebEx extends network
BANGALORE: WebEx Communications, the provider of Web communications services, has announced that it has extended its MediaTone network throughout the country enabling Indian companies to use Web communications services to cost-effectively ...
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OUTSOURCING
Saudi group outsources work to Yash Tech
YASH Technologies, a software services provider, has tied up with the $800-million Al Faisaliah Group of Saudi Arabia, to provide outsourcing work for its 15 group companies and other IT firms in the region. Addressing a press conference here, ...
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TELECOMMUNICATIONS
MTNL gets CA licence
THE Controller of Certifying Authorities has granted a licence to Mahanagar Telephone Nigam Ltd (MTNL) to issue digital signature certificates for electronic authentication of users, thus taking the overall tally of Certifying Authorities (CAs) ...
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Siemens in pact with Italy's Aethra — To offer conferencing solutions
SIEMENS announced a strategic alliance with Aethra Telecomunicazioni, Italy to offer a range of video and audio conferencing solutions in India. "The alliance will offer comprehensive video conferencing solutions to every consumer segment from ...
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Telecom experts discuss next gen tech, standards
THE group of telecom and technology experts of the Asia Pacific Telecommunity has converged here to work towards standardisation process of next-generation networks and their technologies, including inter-operability concerns, as a part of the ...
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PM to decide on FDI hike in telecom: Maran
THE Communications and IT Minister, Mr Dayanidhi Maran, on Tuesday expressed confidence that the issue of hiking the foreign direct investment (FDI) cap in the telecom sector to 74 per cent from 49 per cent would be resolved soon after taking the ...
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C&W to expand India businesses
TELECOM company Cable & Wireless hasplans to invest about $7-10 million over the next 18 months for expanding Indian operations including Centre of Excellence (CoE) and adding nodes. "We have already pumped in up to $10 million in India, and ...
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FINANCIAL PERFORMANCE
Moser Baer Q1 net dips 22%
MOSER Baer India has posted a 22-per cent dip in net profit for the quarter ended June 2004 at Rs 48.08 crore compared to Rs 61.66 crore in the corresponding period previous year. During the period, its total income also decreased to Rs 305.48 ...
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HARDWARE
Samsung banks on cyber games
SAMSUNG India Electronics Ltd, has launched Cyber Olympics — The World of Cyber Games 2004 — that would enable the company reach out its products in the market place and ensure higher connect for PCs. The Head of IT Division of ...
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SOFTWARE
SAP to invest addl 20 m euro in Bangalore
SAP AG plans to invest an additional 20 million euros to expand its development operations in Bangalore. The company also plans to more than double its headcount in Bangalore to 3,000 by end-2006, according to the CEO, Mr Henning Kagermann. SAP ...
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i-flex wins S. Africa deal
MUMBAI: South African Post Office bank (Postbank) has deployed Flexcube, the flagship product of i-flex Solutions, for processing its retail banking transactions. The bank is one of South Africa's largest banking entities catering to 60 ...
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New Shakti Office software
CHENNAI: CK Technologies has launched its latest version of low-cost personal computer (PC) operating system that is ten times cheaper than some of the software currently available in the market. The Shakti Office 1.72 software is ...
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MERGERS & ACQUISITIONS
eBay completes Baazee buy
MUMBAI: eBay has completed its previously announced acquisition of Baazee.com and its subsidiary Baazee.com India Pvt Ltd, the online marketplace in India. In accordance with the terms of the transaction as announced on June 22, 2004, ...
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E-COMMERCE & E-BUSINESS
India to log 84 pc growth in e-com revenue: IDC
INDIA is expected to log the highest compounded annual growth rate (CAGR) of 83.7 per cent among Asia-Pacific countries in e-commerce revenues between 2003-08, even exceeding the growth rate displayed by neighbouring China in the five-year ...
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BROADBAND
BSNL set for Rs 1,000-cr broadband push
BHARAT Sanchar Nigam Ltd (BSNL) has targeted five million users with its latest Rs 1,000 crore-plus ADSL (asynchronous digital subscriber loop)-based broadband services, slated for launch in 200 cities across the country by the end of the year. ...
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EVENTS
MS meet targets developers
BANGALORE: Microsoft Corporation India Pvt. Ltd has announced that it will kick-start TechEd India 2004, a three day conference aimed at the developer community in Bangalore on Wednesday. Microsoft will showcase three upcoming products ...
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IPOS
TCS initial offer subscribed 3.36 times
TATA Consultancy Services' initial public offer has received bids for 3.36 times the number of shares on offer. Bids for 18.70 crore shares were registered at 5 p.m. on Tuesday. Over 5.5 crore shares are on offer. The IPO closes on ...
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OUTLOOK
`IT services export to grow to $23 b by 2006'
WITH Indian vendors widening their service offerings to keep pace with changing customer demand, a research report has estimated a 38-per cent two-year compounded annual growth rate (CAGR) in Indian IT services exports to $23 billion in financial ...
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