INFO-TECH
AWARDS & HONOURS
i-flex bags award
BANGALORE: i-flex Solutions Ltd has won the 2004 Global Entrepolis @ Singapore Award. The company won the award for Flexcube, its flagship banking product. Mr Rajesh Hukku, Chairman & Managing Director received the award from the Prime ...
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Award for Mukesh Ambani
MANGALORE: Mr Mukesh Ambani, Chairman of Reliance Infocomm and Chairman of FLAG Telecom, has won this year's World Communication Award as the `most influential person in telecommunications in 2004.' A Reliance Infocomm press release said ...
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TELECOMMUNICATIONS
Best telecom brand award for Airtel
BHARTI Tele-Venture's Airtel has bagged the award for the world's best communications brand of the year, at the World Communication Awards 2004, set up by London-based Emap Communications Group. The world's leading brands, including Orange, ...
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Paging industry in death throes
For the first time, the quarterly report on the telecom sector brought out by the Telecom Regulatory Authority of India, has not recorded the status of the once thriving paging industry. The six surviving paging operators have also stopped ...
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STOCKS
TAIB Bank sells Maars shares
CHENNAI: TAIB Bank, a/c Taib Securities Mauritius Ltd, has sold around 1.90 crore shares of Maars Software International, a Chennai-based software firm, in the last one month. The selling price ranged between Rs 3.20 and Rs 4.50 a ...
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FINANCIAL PERFORMANCE
Infosys Q2 net jumps 49% to Rs 447 cr Upbeat on full year outlook
DRIVEN by a strong volume growth, software major Infosys Technologies Ltd, beating its own and street expectations, announced a 49 per cent jump in its net profits on Tuesday to Rs 447.37 crore for the quarter ending September against Rs 300.98 ...
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Teledata Info Q2 net at Rs 19 cr
THE Chennai-based Teledata Informatics Limited, provider of software solutions for marine industry and education sector, has reported a net profit of Rs 19.08 crore on revenues of Rs 72.81 crore for the quarter ended September 30, 2004. This is ...
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SOFTWARE
US industry wants H1B visa cap revisited
THE Information Technology Association of America (ITAA) on Tuesday expressed disappointment at the low H1B visa cap saying that cutting down immigration increased the movement of jobs offshore, but hoped that the entire issue would be ...
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Sasken starts Pune centre
SASKEN Communication Technologies Ltd., has kick started its operations in Pune. This is the second facility of the company, the first being in Bangalore. Talking to Business Line, Mr Raj Datar, Head of the Pune Development Centre, said ...
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New Infy client wins at higher rates
INFOSYS Technologies has said that the pricing environment is stable with an upward bias as new client wins have come in at marginally higher prices. Mr Basab Pradhan, Head of Worldwide Sales, told newspersons that the new client wins are at ...
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Satyam board meet
HYDERABAD: Satyam Computer has informed BSE that a meeting of its board of directors has been convened on October 19to consider the audited financial results for the quarter ended September 30, 2004 and the recommendation of interim ...
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INTERNET
New buzzwords in the networked world
IF "share to develop" is the command for managing Internet content in the open source era, "Wiki" is the direction to go and "RSS", your protocol of choice. We're talking about two separate content sharing and management concepts that have ...
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Google opens centres in Hyderabad, Bangalore
THE Google founders, Mr Larry Page and Mr Sergey Brin, are currently in India to announce their two technology development centres one each in Hyderabad and Bangalore with the latter focussing on research and development. After the ...
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IT TRAINING
Intel opens software college
CHIPMAKER major Intel on Tuesday announced the opening if its software college, a training school catering to the software developer community by expanding their skills on Intel software and technologies. Announcing this at the Intel ...
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HUMAN RESOURCES
Infy adds over 5,000 in Q2; to hire 4,000 more this year
INFOSYS Technologies said on Tuesday that it has added some 5,010 people on a net basis to its rolls during the second quarter, equalling almost the number of people it hired during entire financial year 2003. The company plans to hire between ...
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MERGERS & ACQUISITIONS
Patni set to acquire US firm Cymbal for $68 m
PATNI Computer Systems, through its US subsidiary, Patni Inc, has entered into an agreement to acquire a California-based IT services company, Cymbal Corporation, for $68 million, to be paid in cash and over a period of time. Cymbal ...
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Shipara becomes 100% subsidiary of HCL
HCL Technologies on Tuesday announced the acquisition of balance 23 per cent stake in Shipara Technologies, thus making the Bangalore-based company its wholly owned subsidiary. Till recently, HCL Technologies held 77 per cent stake in Shipara ...
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