INFO-TECH
OVERSEAS BORROWINGS
GTL Infra raises $300 m thru FCCBs
GTL Infrastructure Ltd has said that it has raised $300 million through a Foreign Currency Convertible Bonds (FCCBs) issue on October 29. A total of 93 global investors participated with confirmed orders in excess of $1.1 billion, resulting in ...
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OUTSOURCING
No assets, please…
Their address in Mumbai is an email ID and mobile number, and their office a laptop with USB card. Even Fortune 100 companies love to do business with them.
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TELECOMMUNICATIONS
VSNL net dips 42.5%
Dip in revenues from the enterprise and carrier data segment have caused the city based Videsh Sanchar Nigam Ltd (VSNL) to post a 42.55 per cent fall in net to Rs 61.42 crore for the quarter ended September 30, 2007 compared with Rs 106.92 crore ...
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RCom to spend over Rs 5,000 cr for GSM roll-out
New Delhi, Nov. 1 Anil Dhirubhai Ambani promoted Reliance Communications will invest more than Rs 5,000 crore to roll out its GSM services across the country. The company had recently bagged the permission from the Government to offer ...
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Sunil Mittal slams DoT’s spectrum allocation plan
New Delhi, Nov. 1 Stung by Department of Telecom’s decision to increase the subscriber base required for getting additional spectrum, Mr Sunil Bharti Mittal, Chairman and Managing Director, Bharti Group, has told the Government that the ...
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TECHNOLOGY
HCL investing Rs 2,750 cr in 3 technology hubs
Flags off Noida facility; Tier-II cities likely to be covered
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FINANCIAL PERFORMANCE
Cambridge Q2 profit up
Backed by two acquisitions and robust business, Cambridge Technology Enterprises Ltd has recorded consolidated revenues of Rs 13.29 crore and a profit of Rs 2.12 crore for the second quarter ended September 30, 2007 as against an income of Rs ...
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SOFTWARE
HCL hub in Madurai
Madurai, Nov 1 HCL Technologies Ltd. will be setting up a ‘HCL Technology Hub’ in Madurai on a 60-acre land near Madurai Kamaraj University that would become operational in the year 2009. HCL has earmarked about Rs 1,000 ...
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Pressmart bags US paper deal
Pressmart Media, a digital publishing technology provider, has announced that The Philadelphia Inquirer has selected Pressmart to power its electronic edition. The company will co-develop, host and electronically deliver the print-replica ...
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INTERNET
Wipro creates campus blog
After settling on Second Life, Wipro continues its ‘human resources and Web 2.0’ dance with a blog for students Campusarena. “Through Campusarena, we would like to facilitate one-to-one interaction with the Campus Hiring Team ...
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HUMAN RESOURCES
Omega to hire in a big way
Bangalore, Nov. 1 The US-based Omega Healthcare has announced an investment of $14 million in hiring employees across the country. The business and knowledge process outsourcing (BPO/KPO) firm will hire 3,500 by end 2009 at its two ...
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MERGERS & ACQUISITIONS
Promoters buy Carlyle’s stake in QuEST
Bangalore, Nov. 1 The promoter group of QuEST, a provider of outsourced engineering and manufacturing services, has acquired all the shares held in the company by Carlyle Asia Ventures Partners II.Carlyle had invested $6 million in ...
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Prithvi Info acquires US co
Prithvi Information Solutions Ltd has announced the acquisition of New Jersey (US)-based Agadia Systems Inc for $4.5 million (Rs 18 crore). The Managing Director, Mr Satish Kumar, said that the acquisition is strategic and helps to expand the ...
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REGULATORY BODIES & RULINGS
DoT against inclusion of 450 Mhz as 3G band
Move irks CDMA operators; blow on global telecom body
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VIRUSES
World Bank site hacked
Websense Security Labs has detected a Trojan using real data from the World Bank. The captured sample of the data has revealed that the names and e-mail addresses were taken from the contact pages of the legitimate site. The e-mail contained the ...
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TRENDS
‘India fastest growing biz intelligence market in Asia’
Mumbai, Nov. 1 The market for Business Intelligence (BI) platforms in India has grown by 35.6 per cent in 2005-06, making it the fastest growing geography for business intelligence in Asia. In the period, SAP grew at 70.3 per cent to ...
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