The Hindu Business Line : Friday, July 22, 2005

Anil Ambani calls on TRAI chief
THE Reliance Infocomm chief, Mr Anil Ambani, on Thursday, met Mr Pradip Baijal Chairman, Telecom Regulatory Authority of India (TRAI), to discuss a number of issues including that of interconnection and the controversy over landing rights for ... More

`Homeeseva' service launched in AP
HYDERABAD: Expanding the scope of e-Seva further, the Andhra Pradesh Government has launched an innovative scheme involving PCO (Public Call Office) operators to deliver electronically deliverable services at the doorsteps of ... More

INFRASTRUCTURE

GE Commercial to invest $63 m in Ascendas' IT parks fund
GE Commercial Finance Real Estate has announced it will invest $63 million in a newly formed fund — the India IT Parks Fund — sponsored by business space provider, Ascendas Pte Ltd. Ascendas has also invested in the fund along ... More

INSURANCE

Liability insurance providers claim drop in premium
"Premiums have dropped by about 30-40 per cent in the area of liability insurance." More

FINANCIAL PERFORMANCE

Mastek Q4 net soars 83 pc
LED by its performance in the UK, and aided by a good delivery track record and revenue growth, Mastek Ltd has reported substantial growth in net profit for both the fourth quarter as well as the year ended June 30, 2005. Net profit for the ... More

Infotech net, revenue up
INFOTECH Enterprises Ltd has recorded consolidated operating revenues of Rs 78.22 crore and a net profit of Rs 9.74 crore for the quarter ended June 30, 2005, reflecting an increase of 35 per cent in revenues (Rs 57.92 crore) and 9.2 per cent (Rs ... More

SOFTWARE

Satyam Q1 net up 16.5 per cent
SATYAM Computer Services Ltd has recorded total software income of Rs 1,057.81 crore (Rs 802.26 crore in Q1 last year) and a net profit of Rs 190.01 crore (Rs 163.74 crore) for the first quarter ended June 30, reflecting an increase of 35.7 per ... More

Yuan revaluation: IT companies see no major impact
SOFTWARE firms do not foresee any major impact of China's move to revalue yuan, but said they prefer to wait-and-watch before stepping up investments in that country. "We don't think this will impact in any manner," said Mr Suresh Senapaty, ... More

Premji enjoys housing loan subsidy!
IF you thought it was just the common man who was attracted by the low interest home loans these days, think again. Surprisingly, even the richest man in the country, the Chairman of Wipro, Mr Azim Premji, has gone in for a home loan. Mr ... More

Infosys, Oracle to focus on Asia-Pacific
BANGALORE: Infosys Technologies and Oracle have reiterated their commitment to address the business needs of customers in the hi-tech manufacturing and financial services sectors in Asia-Pacific. The Oracle Asia-Pacific Executive ... More

HUMAN RESOURCES

Allsec plans to hike headcount
ALLSEC Technologies Ltd, a Chennai-based contact centre and business process outsourcing service provider, plans to add 1,200 to 1,500 employees here in the next eight months. By this fiscal ending March 31, 2006, it plans to have a total of ... More

MERGERS & ACQUISITIONS

Essar directors on BPL Comm board
THE Essar Group has already appointed two directors on the board of BPL Communications in which it is set to acquire majority stake. The two directors are Mr Anshuman Ruia, Director, Essar Group, and Mr Vikas Saraf, CEO of Essar Teleholdings, ... More

Satyam buys S'pore biz intelligence consulting firm
SATYAM Computer Services has acquired Knowledge Dynamics Pte Ltd, a Singapore-based, Asia-facing provider of business intelligence (BI) consulting services. The deal was struck for an all-cash consideration of $3.3 million, of which $1.8 ... More

E-COMMERCE & E-BUSINESS

Kingfisher Airlines to have Hughes network
KINGFISHER Airlines has signed up Hughes to set up the networking backbone for all its airport offices across Mumbai, Bangalore and Delhi. The backbone will provide a framework for the airline's online booking engine for customers and business ... More

`No prior approval required for Net banking'
BANKS need not seek prior approval from the Reserve Bank of India for offering Internet banking services to customers, RBI said in a notification on Wednesday. The RBI guidelines said the respective bank board should approve the Internet ... More

INTERVIEW

`Growth now is in size, duration of deals'
VETERAN Wiproite and Chief Operating Officer, Dr A.L. Rao, is part of the new top management team at Wipro reporting to the Chairman, Mr Azim Premji, since Vice-Chairman Mr Vivek Paul left. Dr Rao spoke to Business Line on his new ... More

SECURITY

Web site defacements dip to 144 in June
THE number of reported incidents of Indian Web site defacement in popular domains, including .com and .org, dipped to 144 in June compared to 394 cases in May, according to the Indian Computer Emergency Response Team (CERT-In). This takes the ... More

VIRUSES

HCL Comnet ties up with Trend Micro for anti-virus solutions
IT services management company, HCL Comnet and Trend Micro, a global provider of network antivirus and Internet content security software and services, today introduced remote antivirus management solution called Expert Service Offering (ESO). ... More

MARKETING

HP opens `touch & feel' outlet in Chennai
HEWLETT Packard India has inaugurated its premium retail outlet called the Experience Zone in Chennai. The outlet showcases the company's range of solutions and applications, including consumer desktops and notebooks, deskjet printers, laser jet ... More

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