INFO-TECH
ESOPS
Geometric Soft allots bonus stock options
FOLLOWING the meeting of the compensation committee of the directors of Geometric Software Solutions Company Ltd held here on Friday, 55,16,494 equity shares of Rs 10 each have been allotted as bonus stock options in the ratio of 1:1 to those ...
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OUTSOURCING
Outsourcing empowers executives: Accenture
The Asia Pacific executives placed high significance on the issue of trust, which is very closely related to control.
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TELECOMMUNICATIONS
TRAI proposes across-the-board cut in annual licence fee — Pegs Rs 180 cr as entry fee for unified licence
THE Telecom Regulatory Authority of India (TRAI), on Friday, proposed an across-the-board reduction in the annual licence fee from a high of 15 per cent to 6 per cent, even as it recommended an entry fee of Rs 180 crore for an all-India unified ...
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1.66 million new cell customers in July
INDIA'S mobile subscriber base increased by 1.66 million customers in July 2004 to touch the 39-million mark. Reliance Infocomm continued to be the largest mobile player, with 8.45 million subscribers. The company, which has a Code Division ...
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Tata Tele plans corridor connectivity in AP
TATA Teleservices Ltd., the private telecom services provider, has drawn up plans to consolidate its network through `Corridor Connectivity' along three corridors in the State by expanding the network to 166 cities and aims at doubling the ...
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DoT writes to BSNL on procurement delay
THE Department of Telecommunications (DoT) has expressed concern at the delay caused by Bharat Sanchar Nigam Ltd in the procurement of key telecom infrastructure equipment necessary for achieving tele-density targets. The department has said ...
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FINANCIAL PERFORMANCE
KPIT Cummins Q1 consolidated net up 114 pc
IT consulting firm KPIT Cummins Infosystems Ltd's consolidated net profit in the first quarter grew 114 per cent to touch Rs 6.14 crore as against Rs 2.86 crore in the corresponding period last year. This includes the numbers of Houston-based ...
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HARDWARE
TI opens design facility in Bangalore — Focus on smarter, cheaper mobiles with single chip
SEMICONDUCTOR leader Texas Instruments is focussed on the entertainment and mobile communications space with its single-chip solution, due to be launched by the end of the year. There will be a dramatic reduction in cost and an increase in the ...
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Moschip to hike capital
MS server for AL Finance
SOFTWARE
Silicon Graphics to expand presence
THE US-based Silicon Graphics Inc is increasing its presence in India for its high performance computing products. It has appointed Redington (India) Ltd as a national distributor to distribute supercomputers, workstations, virtualisation systems ...
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GDR Soft to change name
INTERNET
Anil Ambani's Web site launched
THE Communications and IT Minister, Mr Dayanidhi Maran, on Friday launched a Web site of Reliance Industries Vice-Chairman and Managing Director and Rajya Sabha member, Mr Anil Ambani. The Web site according to Mr Ambani is aimed at forming a ...
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HUMAN RESOURCES
Incubators help ICS retain managers
THROUGH its incubation programmes, Bangalore-based Infinite Computer Solutions has found the answer to three key HR issues: creating competence, increasing employee motivation and reducing attrition. The incubation exercise, first started in ...
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Virtusa on recruitment drive
E-COMMERCE & E-BUSINESS
IDRBT ties up with Opus Soft
The Institute for Development and Research in Banking Technology (IDRBT), research arm of the Reserve Bank of India, will partner with the Pune-based Opus Software Solutions Pvt Ltd to launch the National Ecommerce Payment Gateway. The company ...
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IPOS
TCS offer subscribed 10 times; price band may be at Rs 850-875
TATA Consultancy Services' IPO was oversubscribed by 10 times, according to data from the stock exchanges. Bids for 57.18 crore shares were received. Over 5.5 crore shares were on offer from the company. Of this, over four crore bids were at ...
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IT-ENABLED SERVICES
Medical transcription back in demand
THE Indian medical transcription (MT) industry, which was in the dumps till recently, is witnessing a resurgence in India following shrinkage of availability of skillsets (skilled manpower) in the US. The highly-fragmented industry consisting ...
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Cable & Wireless mulls setting up call centres
THE UK-based telecom company Cable & Wireless is considering investing in call centre business in India with a view to offering end-to-end services to its global clients. "We are looking at potentially investing in call centre business in ...
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