The Hindu Business Line : Tuesday, August 05, 2008

INFO-TECH

OVERSEAS INVESTMENTS: Essar’s Aegis BPO buys PeopleSupport of US
Deal valued at Rs 1,057 cr; to be funded thru internal accruals. Mumbai, Aug 4 The Essar group said on Monday that its outsourcing outfit Aegis BPO has agreed to buy the Nasdaq listed off-shoring firm PeopleSupport Inc for $250 million (Rs ...

FOREX: Wild rupee swings pose hedging challenges
Smaller firms hit harder than bigger peers. Hyderabad, Aug. 4With the rupee fluctuating between Rs 38 and Rs 43 to a dollar in the past three quarters, technology firms, particularly small ones, have found it tough to handle dollar ...

SOFTWARE: IT cos hope to ride out aviation turbulence
‘Airlines need tech for cost savings, safety issues’. Indian IT firms say that despite turbulent times for the global aviation sector, their airline clients are only changing priorities on technology investments and are not cutting ...

TELECOMMUNICATIONS: ‘3G bids may not be very aggressive’
Operators will be realistic, say analysts. New Delhi, Aug 4 Even as telecom players are readying funds to participate in the 3G auction, analysts feel that the operators may not quote astronomical sums given that ultimately they have to make ...

TELECOMMUNICATIONS: TRAI orders GSM players to link up with RCom
Sets 7-day deadline for compliance. New Delhi, Aug. 4 The Telecom Regulatory Authority of India (TRAI) has again directed GSM operators, including Bharti Airtel, to offer interconnection to Reliance Communication. ...

COURTS/LEGAL ISSUES: ‘Unbranded/customised software’ marketed by Infosys eligible for ST benefits: HC
Chennai, Aug. 4 The Madras High Court has held that Infosys Technologies Ltd., Chennai, leading developers and marketers of unbranded/customised software for system upgradation, was entitled to benefits of issuing Form ‘C’ ...

EVENTS: Global meet on Semantic e-biz in Kochi next month
Thiruvananthapuram, Aug. 4 A three-day international conference on ‘Semantic E-business and Enterprise Computing: From Theory to Applications’ (SEEC 2008) will kick off in Kochi on September 17. ...

TELECOMMUNICATIONS: Nokia Navigator launched
Bangalore, Aug. 4 Cell phone maker Nokia said Monday it launched the Nokia 6210 Navigator, a GPS-enabled mobile phone with an integrated in-map compass for pedestrian ...

OUTLOOK: Dexterity to focus on market research
Coimbatore, Aug. 4 Dexterity is all set to move beyond knowledge process outsourcing to ‘marketing and customer informatics’, and emerge as a $100-million company in five years. ...

TELECOMMUNICATIONS: Airtel covers 300 locations in AP
Hyderabad, Aug. 4 Airtel today announced that it expanded its mobile services to over 300 locations across Andhra Pradesh in three months, including to areas with a population of less than ...

NEW PRODUCTS & SERVICES: NetXcell communication tool
NetXcell Ltd., a telecom value-added services provider, announced the launch of MobiSmart, a voice-based platform that helps communicate to people regardless of location, language or mobile service. MobiSmart works as an automated voice dialler ...

NEW BUSINESS: Spencer's deal for Wipro Info

SOFTWARE: In4velocity gets new client