INFO-TECH
OVERSEAS BORROWINGS
Infosys ADS issue to increase stock float by 6 pc on Nasdaq
INFOSYS Technologies' move to convert up to 16 million equity shares into American Depository Shares (ADS) through a sponsored secondary issue is expected to increase its stock float on the Nasdaq by six per cent. The Infosys' board approved ...
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STORAGE
Wipro, Quantum expand ties
BANGALORE: Wipro Technologies has entered into an agreement with Quantum Corp, vendor of storage solutions, to provide engineering and software design services to augment Quantum's internal storage systems resources. Wipro will share its ...
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OUTSOURCING
Kerala aiming for an IT revolution
With competition growing, Kerala is faced with the challenge of scaling up trained manpower.
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TELECOMMUNICATIONS
Mobiles overtake landlines — Subscriber base crosses 44 m
IT'S official now. The mobile subscribers' base in India has crossed that of fixed-line numbers to touch 44.5 million users as of October 2004. Close to1.5 million new subscribers were added in the month, helping the overall base to overtake the ...
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BSNL bags contract to install rural phones in 66,000 villages — To get subsidy from universal services obligation fund
In three circles, competitive bidding had helped in bringing down the cost of the project.
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Tata Indicom launches push-to-talk service
TATA Indicom on Monday announced the commercial launch of Push-to-Talk (PTT) service in Mumbai and Pune and said it is the first mobile service operator in India to offer it commercially. The company also announced that the service would be ...
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Lack of number portability a major concern: TRAI official
THE Telecom Regulatory Authority of India (TRAI) is seized of the problem pertaining to the lack of number portability in India and is likely to circulate a consultation paper in this regard within the next few months, according to Mr S.N. Gupta, ...
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SOFTWARE
HelloSoft, TI unveil handset applications
HELLOSOFT, a communication technology solutions provider, and Texas Instruments (TI), a designer and supplier of wireless solutions, have announced the rollout of HelloSoft's voice over Internet protocol (VoIP) technology on the latter's platform ...
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TCS planning second centre in Hyderabad
TATA Consultancy Services (TCS) is mulling another centre in Hyderabad to meet its growing demands. In just about a year, the company has doubled its headcount, and is close to full occupancy at its largest single centre facility, ...
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FOREIGN DIRECT INVESTMENT
Telecom: Higher FDI cap, no guarantee to better service
Large investments are indeed required in the telecom sector. However, the contention that such investments would materialise only by increasing the FDI cap from 49 per cent to 74 per cent is suspect.
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OFF-SHORE DEVELOPMENT
Chinese cos in talks for joint ventures
OVER fifteen Chinese software companies are in talks with their Indian counterparts for entering into joint ventures in areas such as promotion of software development, IT and telecom. "Chinese companies are keen to promote joint ventures to ...
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E-COMMERCE & E-BUSINESS
UTV in pact with Netfix for Hindi movie DVDs
UTV has signed a deal with Netflix, an online DVD movie rental service with more than two million listed members. US-based Netflix has placed an advance order for 5,000 DVDs of Swades (being co-produced and distributed overseas by UTV) ...
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TRENDS
Salaries rise; so does job-hopping
IN the last 10 months, Indian industry demonstrated the highest average salary increase and the highest attrition rate in the Asia-Pacific region. And the positive outlook in salary increases in 2004 will continue in the coming year. According ...
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