The Hindu Business Line : Thursday, April 17, 2008

OVERSEAS BORROWINGS
Infinite close to raising $50 m
Software services firm Infinite Computer Solutions is close to raising up to $50 million (up to Rs 200 crore), primarily for funding its inorganic growth aspirations. The company will utilise the proceeds for making two niche acquisitions and for ... More

TELECOMMUNICATIONS
GSM body backs call for cut in universal service fund levy
Kochi, April 16 The GSM Association, the global trade body for the mobile industry, has called upon the Government to cut by half the 5-per cent levy on telecom operators’ gross adjusted revenues channelised into the Universal Service ... More

GSM operators opt out of Blackberry talks
RIM to discuss directly with DoT More

Discover Nokia
The mobile phone company banks on experiential marketing to unlock its true potential. More

Delayed supply by ITI hits BSNL’s mobile expansion
New Delhi, April 16 Bharat Sanchar Nigam Ltd’s cellular expansion plans have hit yet another bump due to delays in equipment supply by state-owned Indian Telephone Industries. BSNL procures almost 30 per cent of its network equipment ... More

Motorola unveils new phone
Motorola has launched MOTOROKR U9 in India. It was unveiled by Motorola brand ambassador and international rocker and musician Wyclef Jean, who presented the first ROKR U9 to Miss India World 2008 Parvathy Omanakuttan. ROKR U9, as the name ... More

INFRASTRUCTURE
Janapriya Engineers plans low-cost office space for IT, ITES firms
Will seek special economic zone status for the venture More

FINANCIAL PERFORMANCE
Aztecsoft Q4 net profit declines 53%
Bangalore, April 16 Software engineering services provider Aztecsoft Ltd reported a 53.3 per cent decline in net profit in the fourth quarter for financial year 2008, but said revenue increased 10.4 per cent. The company said for the ... More

Bigger volumes push MindTree Q4 net up
Bangalore, April 16 MindTree Ltd, an IT and R&D services company, reported 37.3 per cent rise in fourth quarter revenue, predominantly helped by growth in volume and billing rates. Net profit for the quarter rose 41.5 per cent to Rs 34.70 ... More

HARDWARE
Intel details applications for embedded systems
To help customers through smaller handheld devices More

SOFTWARE
Tech Mahindra’s Chennai centre
Telecom solutions vendor Tech Mahindra has spent about Rs 30 crore for enhancing its presence in Chennai. The company has set up a 1.2 lakh sq ft facility at Paranur near Chennai, which will house about 1,400 software engineers. Tech Mahindra ... More

INTERNET
MakeMyTrip adds new features on Web site
Bangalore, April 16 MakeMyTrip, online travel portal, has added new features on the Web site to provide comprehensive travel solutions to international travellers. Visitors to the MakeMyTrip Web-site can now compare and book all available ... More

IT TRAINING
Motorola plans virtual learning kit for Bangalore
Bangalore, April 16 Motorola has entered into a technology partnership with Bangalore-based NGO Parikrma Humanity Foundation to initiate a virtual learning programme using its ‘Canopy’ technology. The technology connects ... More

MERGERS & ACQUISITIONS
Dhanus Tech acquires Sreeven
Hyderabad, April 16 Dhanus Technologies has picked up a 60 per cent stake in Sreeven Infocom Pvt Ltd, a Hyderabad-based IT and ITeS service provider.The all-cash deal would translate into infusion of additional capital into Sreeven ... More

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Address by MOS for Commerce Jairam Ramesh to NASSCOM (pdf)

Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
Kesoram Cements expanding capacity

Insurers in brokerage bring poaching fears

Delayed supply by ITI hits BSNL’s mobile expansion

Typhoon in S. China Sea, heat builds over north India

Panel may suggest ‘revenue neutral’ duty rejig to tame steel prices

TRAI supports reduction in licence fee on DTH

GSM operators opt out of Blackberry talks

Looking back
Apr. 6-Apr. 12
‘IT cos should look for specific opportunities, be innovative’

Acer expects India revenues to touch Rs 1,800 cr

India server market factory revenue touches $727 m

Mastek posts 65% rise in Q3 net at Rs 35 cr

Telecom subscriber base up 9.74% sequentially in Oct-Dec

Spectrum: Vigilance panel seeks clarifications from DoT