INFO-TECH
OUTSOURCING
`Outsourcing to be prickly issue even after US polls'
IF you thought that the ongoing outsourcing was just an election rhetoric; you are wrong. This issue will continue after the elections and over 40 Bills are under consideration in various States and Federal Government," according to Mr Harris N. ...
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Outsourcing is here to stay: Kerry
STRESSING that he is going to stand up and fight for American workers in a way that is fiscally sound, the Democratic challenger, Senator John Kerry has once again said that he will be closing down tax loopholes in a "nano-second" that results in ...
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TELECOMMUNICATIONS
DoT may slap Rs 50-cr penalty per licence on Reliance Infocomm — Co found flouting ILD norms
"If any company was found to be repeatedly violating the licence norms, the Government has the option of cancelling the licence too."
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Airtel extends GPRS facility in Kerala
KOCHI: Airtel, one of the major cellular operators in Kerala, has now extended GPRS facility to its pre-paid customers as well. GPRS through prepaid is the latest in the series of firsts that Airtel has introduced in the State. The ...
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VoiceGate ties up with BSNL
HYDERABAD: VoiceGate Technologies, in association with Bharat Sanchar Nigam Ltd, would provide the service of Moon sighting announcement during the holy month of Ramzan. This is the first time in India that this type of service is being ...
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RIM 10-digit number
HYDERABAD: Reliance Infocomm, has begun migrating its Andhra Pradesh subscribers to an exclusive 10-digit series beginning with 93. This is being done in keeping with the cellular mobile numbering plan in India under the new unified ...
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FINANCIAL PERFORMANCE
Mastek Q1 income up 30%
A HEALTHY order backlog has led to the Mastek Group recording a total income of Rs 130.5 crore for the first quarter-ended September 30, a 29.5 per cent growth compared to Rs 100.7 crore during the corresponding quarter last year. Net profit ...
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Aztec Q2 net jumps 492 pc
AZTEC Software and Technology Services Ltd announced a 492 per cent jump in second quarter net profit with revenues at Rs 20.31 crore, a 107 per cent rise over the previous corresponding period. Net profits stood at Rs 3.85 crore, on a ...
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iGATE posts 4-fold rise in Q2 net
IGATE Global Solutions Ltd said its net profit grew by 368 per cent to Rs 3.04 crore for the second quarter ended September 2004, against Rs 65 lakh in corresponding previous quarter. Revenues for the quarter grew by 2.7 per cent to Rs 149.36 ...
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SOFTWARE
Software exports surge 26 pc
NEW DELHI: The exports of computer software and services including IT Enabled Services (ITES) surged 26.1 per cent during the first quarter of the current financial year to an estimated $3478 million against $2757 million in the year-ago ...
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Software exports from Karnataka up 39% in first half
SOFTWARE exports from Karnataka have touched Rs 6,500 crore during the first half of the year, a 39 per cent increase over the corresponding period last year. "Exports have increased significantly during the first half of the year but the ...
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CCC tool for Bharti system
NEW DELHI: Bharti Telesoft has selected Continuous Computing Corporation to accelerate the deployment of Value Added Services (VAS) platforms. As a result of the partnership, Bharti Telesoft will integrate Continuous Computing's Trillium ...
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IT TRAINING
SSI Ltd loses 70 pc in single day of trading
THE Chennai-based SSI Ltd saw a steep erosion of 70 per cent value in a single day of trading today. According to brokers, investors lost around Rs 8.5 crore based on the trading volume on Tuesday. The sorry pass came about with stock exchanges ...
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FOREIGN DIRECT INVESTMENT
Making a case for FDI hike in telecom
THE elaborate defence put up by the Union Finance Minister, Mr P. Chidamabaram, through a missive and a note justifying the United Progressive Alliance (UPA) Government intention to increase the foreign direct investment (FDI) cap from 49 to 74 ...
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HUMAN RESOURCES
Demand analytics: Symphony to scale up infrastructure
THE anticipated need for demand analytics services has prompted Symphony Services Corporation to invest $30 million on scaling up its infrastructure and human resources. About 25 per cent of new hires are to be in the demand analytics space. ...
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MERGERS & ACQUISITIONS
MphasiS buys out MsourcE
MPHASIS BFL Ltd has informed the BSE that Mr Jaithirth Rao, Chairman and CEO, MphasiS, has been allotted 2,88,946 shares of the company under the preferential allotment guidelines of the Securities and Exchange Board of India, for buy out of the ...
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BROADBAND
Broadband policy announced — No access to BSNL last-mile lines for private operators
THE Government has rejected the Telecom Regulatory Authority of India's (TRAI) recommendation for allowing private sector operators to access the last-mile lines of Bharat Sanchar Nigam Ltd (BSNL) for offering broadband services. The ...
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EVENTS
IT firms drop boycott threat
AT a meeting with the Chief Minister and officials from the Department of Information Technology on Thursday, CEOs of software companies have agreed to support and participate in the mega IT event, Bangalore IT.Com scheduled for November. The ...
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IT.com to focus on games software, animation
BANGALORE IT.Com 2004, in its seventh edition, has generated significant international interest and local support according to the Karnataka Government and the Software and Technology Parks of India. Over 15 countries and their trade ...
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IT-ENABLED SERVICES
Summit HR sees big money in contingent staffing services
"CHENNAITES are helping Americans find jobs," says Mr Ranjan Sinha, Chairman, Summit HR of the US. May sound simple until you realise that the Chennaites he is referring to are sitting here and assisting people in the US to find jobs there. ...
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PEOPLE
New MAIT President
NEW DELHI: The Manufacturers Association of Information Technology (MAIT) on Thursday announced the appointment of Mr Rajendra Kumar as its new President. Mr Kumar, currently Vice-President of HCL Infosystems, brings with him an ...
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