INFO-TECH
OUTSOURCING
UnitedLex opens centre
US-based legal process outsourcing firm UnitedLex today launched its first offshore delivery centre in India, to serve its clients in North America and Europe and said that it would employ 500 people in the next three years. The centre at ...
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TELECOMMUNICATIONS
Ericsson plans to invest $500 m over 5 years
Ericsson on Thursday said that it would invest $100 million annually over the next five years in India in a bid to address the huge demand for telecom gear. "We will be investing $100 million annually for the next five years. The figure could ...
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INSIGHT
Internet: Utility and ubiquity
What aspects of the Internet technology make it so important and imperative to the modern world? At the outset, the broad answer is that, time and again, the usefulness of the Web has been demonstrated to ...
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THE HUTCH DEAL
Is there a price disconnect?
Irrespective of assumptions about growth in consumer numbers and operating margin percentages, the Hutch saga displays symptoms of irrationality associated with the 3G auctions in Britain. Will the deal really help the consumer, asks SUMIT MAJUMDAR .
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FINANCIAL PERFORMANCE
3i Infotech Q3 net rises 70 pc
3i Infotech has reported a 69.8 per cent growth in consolidated net profit for the third quarter of the current fiscal at Rs 27.9 crore, against Rs 16.45 crore in the corresponding quarter of the previous fiscal. The revenues grew 53.3 per ...
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HARDWARE
Govt working on incentive package for chips sector
$100-b investments projected to flow in
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SOFTWARE
EXL buys Pune facility
ExlService Holdings (EXL) has announced the purchase of its delivery centre in Pune at an approximate cost of $3 million. The facility, which had been under a lease agreement till now has a capacity of around 1,000 seats. This would provide EXL ...
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MERGERS & ACQUISITIONS
SubexAzure to buy Canadian co for $165 m
Seventh acquisition in 7 years; to be funded by GDR issue
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OVERSEAS INVESTMENTS
Bharti gets nod for Lanka foray
To invest $2 billion to expand Indian operations this fiscal
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ALLIANCES & JOINT VENTURES
TCL arm in pact with DSK Info
Chinese electronics major TCL - manufacturer of range of TFT monitors - is now planning to bring in its range of laptops and desktops for the first time into the domestic market. A memorandum of understanding has been ...
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E-COMMERCE & E-BUSINESS
Fabmall.com acquires US-based online shopping firm
E-tailing firm Fabmall.com has acquired the US-based e-commerce company Indiaplaza.com for an undisclosed sum. With this acquisition, Fabmall.com has also re-branded itself and will henceforth be known as Indiaplaza.in in India and Indiaplaza.com ...
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M-COMMERCE
Telemarketing calls may stop
The Department of Telecom (DoT) has said that it was working on a legislation to tackle issues relating to unwanted telemarketing calls. Senior DoT officials said that the legislation would be introduced in Parliament after which mobile operators ...
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BROADBAND
Aircel division launches WiMAX in Bangalore
The Chennai-based Aircel Business Solutions (ABS), a division of telecom service provider Aircel, on Thursday launched WiMAX in parts of Bangalore city. ABS is in the final stages of implementing WiMAX (Worldwide Interoperability for Microwave ...
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ISPS
DoT to resume ISP licences
Net telephony applicants to wait
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VENTURE CAPITAL
Goldman Sachs, Citi to invest $52 m in ICSA
Goldman Sachs and Citigroup Venture International Growth Partnership Mauritius (CVC) are set to invest $52 million (about Rs 234 crore) in the Hyderabad-based ICSA (India) Ltd, an embedded software products company that provides solutions for ...
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Adventity gets $20 m funding
Adventity, a finance focused knowledge process outsourcing (KPO) firm, has announced that it has secured $20 million (Rs 90 crore) from an investment group led by Norwest Venture Partners (NVP). The funds will be used to finance ...
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Trianz raises $14 million in equity funding
To use funds for its expansion plans
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PEOPLE
Mayfield MD on Tejas board
Tejas Networks announced that Mayfield Fund has joined its existing set of investors. Venture capitalist firm Mayfield Fund invests in communications/wireless, consumer/media, enterprise software and semiconductor sectors. It has ...
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