eBay agrees to buy Baazee.com for $50 million
Wednesday, June 30, 2004.
New York : eBay
agreed to buy the nation's largest online auction company, Baazee.com,
for $50 million. eBay is now in 29 countries and the overseas operations of
the Silicon Valley-based online marketplace are becoming increasingly
important to the bottom line. The deal enables eBay to establish a presence
in the second most populous country in the world at a time when Internet use
there is still relatively low. An estimated 17 million of India's more than
one billion population is online, a figure expected to rise to 30 million
within two years. In April, the company reported a 59% improvement in
revenues during the first quarter to $756 million and credited its
international operations for much of the increase. Overseas sales now
account for 40% of group revenues, up from 33% a year ago. Germany and the
UK are the biggest eBay sites outside the US but a year ago the company paid
$150 million to take full control of EachNet, an online auction business in
China in which it had first invested during 2001. Mumbai-based Baazee.com is
the brainchild of Indian-born Harvard MBAs Avnish Bajaj and Suvir Sujan.
TCS ambitious expansion plans for its operations in Chennai
Tuesday, June 29, 2004.
Mumbai : The TCS
(Tata Consultancy Services), Asia's largest IT services and
consultancy company, has drawn up ambitious expansion plans for its
operations in Chennai. The expansion plans in Tamil Nadu would create
8,000 new jobs as the new greenfield Siriseri complex will absorb over
3,000 new professionals and the existing Chennai complex will double
its strength to 10,000. The company has already acquired over 70 acres
of land in Siriseri and is expected to become operational by 2005 with
the new complex expected to house over 3,000 personnel. For the Chennai
operations, the current employee strength of 5,000 will be ramped up to
7,500 in the next three years and to 10,000 in the next four years.
TCS expanding relationship with IBM to cross-sell each other's
products and services
Monday, June 28, 2004.
New York : The TCS
(Tata Consultancy Services), a leading Indian information technology
company, is expanding its relationship with IBM to cross-sell each other's
products and services. The TCS will train its employees and create focussed
solutions using IBM hardware and middleware platforms. TCS and IBM will
market each other's products and services in key vertical markets such as
banking, financial services, insurance, telecommunications, retail and
manufacturing. TCS said this relationship will enhance its delivery
capabilities in several areas, including portals, security and on-demand
computing. IBM will gain opportunities to reach new markets and grow market
share for its hardware and middleware technologies.
TRAI proposes 63% reduction in tariffs for 2 mbps bandwidth
capacity for domestic leased lines
Saturday, June 26, 2004.
New Delhi : With
a view to promoting usage of Internet and broadband, the Telecom
Regulatory Authority of India proposed a 63 per cent reduction in the
tariffs for a 2 mbps bandwidth capacity for domestic leased lines at
Rs. 8.20 lakhs annually. The proposed rates are for a distance beyond 500
km. Using a bottom-up approach, the revised ceiling tariff for capacities
of two mbps and 64 kbps for beyond 500 km distance comes to Rs. 8.20 lakhs
and Rs 24,000 respectively, reflecting a reduction of about 63 per cent
and 75 per cent from the existing ceiling tariff in these categories,
the TRAI said in its consultation paper on revision of tariff of domestic
India-based IT service vendors' revenue increase 29%
Friday, June 25, 2004.
Mumbai : While
India-based IT service vendors represented a small segment of the
worldwide market, with 1.4 per cent of total revenues, collectively their
revenues increased 29 per cent in 2003 compared with only 4 per cent growth
among US-based vendors. According to preliminary results released by Gartner
Inc, India-based vendors depended almost entirely on exports with 92 per
cent of their revenues coming from customers outside India and only 8 per
cent within India. The market for worldwide IT services grew 6.2 per cent
to $ 569 billion in 2003; up from $ 536 billion in 2002. Accelerating
activity in offshore outsourcing in which companies shift jobs across
national borders, contributed modestly to the overall growth. The US-based
vendors continued to lead the worldwide IT services market, attracting 59
per cent of total spending. IBM remained the largest competitor, with
revenue rising 6.2 per cent to $42.6 billion.
Intel unveils new chips and processors to make PCs more
Thursday, June 24, 2004.
New Delhi : Promising
to make PCs (personal computers) more entertaining and productive
for home-users and professionals, the multinational chipmaker, Intel,
unveiled new chips and processors that form part of the company's $200
million digital home initiative. The chips -- Intel 915 G/P and Intel 925X
Express -- are available from today and along with the new Intel Pentium 4
processors support the `Hyper-Threading' technology. The chipsets are built
on Intel's 90 nm manufacturing process technology and run at speeds up to
3.6 GHz. President, Intel India, Ketan Sampat, said : "The new launch forms
the part of the company's digital home initiative. The designing of the
chips at our India centre is just the beginning and we will soon come up
with complete chipsets for this ambitious project". Under the $200 million
programme, Intel will fund companies worldwide in the networked personal
computers and consumer electronics market as it did at the time of the
introduction of the Wi-Fi technology. Ketan Sampat said : "The new products
will be used in a range of audio, video and other capabilities that are found
only on speciality PCs. These technologies will also pave the way for
emerging capabilities such as high definition video, hi-fidelity surround
sound, wireless connectivity and robust file protection for office and home
Oracle Partner Network will host its first ISV Forum in San
Wednesday, June 23, 2004.
Chennai : According
to the report, Oracle Partner Network will host its first ISV Forum
in San Francisco on June 29-30. Oracle Partner Network will
introduce a range of new benefits to help application providers
speed up their business. The ISV Forum will offer opportunities for
ISV currently working on Oracle technology. The forum will provide
up-to-date strategies and solution roadmaps for the full Oracle
product line as well as industry-specific roadmaps that bring
together vertical ISV solution.
Infosys and Wipro ranked among top 100 infotech companies in
Tuesday, June 22, 2004.
New Delhi : Indian
software giants Infosys Technologies and Wipro, which recently turned
billion-dollar companies in terms of revenues, have been ranked among the
top 100 infotech companies in the world. Infosys is placed 27th globally and
Wipro 62nd on the list of top 100, which has LG Electronics at the No. 1
slot. Infosys posted revenues of $1.062 billion (90th best returns), a
growth rate of 41 per cent (24th), a return on equity of 28.3 per cent
(14th) and a shareholder return of 90.6 per cent (25th). Its profits were
placed at $270.3 million. Wipro had recorded its revenues at $1.191 billion
(86th), revenue growth at 20.4 per cent (56th), return on equity at 22.9 per
cent (26th) and shareholder return at 130.9 per cent (9th). It had a profit
of $210.8 million.
IBM unveiles Linux Centre of Competency in Bangalore
Monday, June 21, 2004.
Bangalore : IBM
unveiled its Linux Centre of Competency here, claiming that this centre
would help its clients from industry, academia and government move to
computing environment based on open standards. The Centre will showcase
integrated solutions using Linux and provide deep, specialised skills to
IBM clients and business partners to help them leverage Linux-enabled
solutions to solve real business challenges. The Centre will also be used
for in-depth technology briefings and workshops, as well as product and
solution demonstrations and Linux education and training. IBM said in a
statement : "The Centre provides facilities and support and consulting
services to test, develop and drive Linux application and solution
development. It will also provide Linux product and solution certification.
It will help clients take full advantage of the reliability, flexibility
and total cost of ownership value that Linux provides." The Vice-President
and Country Executive, IBM Software Group, R Dhamodaran, said : "IBM has
been committed to Linux for years and supports the 'opening up' of software
VSNL ties up with Tata Teleservices Ltd to launch STD/ISD
prepaid calling cards
Saturday, June 19, 2004.
Mumbai : To reach
out to the retail voice customers directly, the VSNL (Videsh
Sanchar Nigam Ltd) has tied up with Tata Teleservices Ltd to launch
STD/ISD prepaid calling cards under the brand name "Hello Duniya." These
cards will enable customers to make STD and ISD calls from any Tata Indicom
fixed wireline, wireless or payphones across all TTSL's circles without
having to activate the facility on the telephone. The "Hello Duniya" cards,
which would be available in denominations of Rs 540 and Rs 1,080, will allow
calls to US, Canada, UK and select countries in Asia, with tariffs to US
at 7.20 per minute, Gulf and South East Asia at Rs 15 and Rs 9.60 per
BSNL soughts exemption from USO contribution
Friday, June 18, 2004.
New Delhi : Being
the only universal service provider in uneconomic areas, BSNL has
sought exemption from contributing to the dedicated fund saying it should
be reimbursed directly on the basis of cost incurred. BSNL has many times
written to Department of Telecom that the current USO policy which seeks
to reimburse BSNL after inviting tenders on competitive bidding basis for
its rural network roll-out, needs to be amended so that BSNL could avail
the reimbursement directly on the basis of the costs quoted in its open
tenders. The sources said BSNL has written to the Telecom regulator TRAI
also on the issue.
Pinnacle Info becomes Accurum
Thursday, June 17, 2004.
New Delhi : The
US-based capital market technology provider Pinnacle Info Solutions
announced its new corporate identity with a name change to "Accurum". The
Pinnacle Info Solutions said it would expand its India operations by
increasing the headcount to 1600 over the next three years. Accurum Chief
Executive Officer, Venkat Vallabhaneni, said : "We will start operations
in Chennai this month and also open branches in Mumbai and Bangalore soon.
We plan to recruit 1600 IT professionals in India and 600 outside the
country over the next three years."
AirTel launches innovative "Pardes" pack
Wednesday, June 16, 2004.
Ahmedabad : Mobile
telephony service provider AirTel launched its "Pardes" pack, which
offers a slew of benefits to international callers. According to the
company report, using the "Pardes" pack, AirTel pre-paid consumer will
now be able to make calls to US, Canada and Europe (Land Line) at just
Rs 7.99 per minute. The Bharti Cellular Limited, Gujarat Circle, Chief
Operating Officer, Atul Joshi, said the calls made to Middle East and
Africa have been priced at just Rs 12.99 per minute translating into
saving of 35 per cent, he said. For AirTel Gujarat, countries like US,
Canada and Europe represent key calling destinations, he added.
Microsoft Corporation India launches technical support programme
Tuesday, June 15, 2004.
New Delhi : Microsoft
Corporation India announced a technical support programme
"FirstSupport" with an investment of one million dollar, aimed at small
and medium businesses. A company release said the programme would be
spread over two years. The release said under the project, customers can
avail onsite support from the company in Bangalore, Mumbai, Delhi, Pune,
Ahmedabad, Kolkata, Hyderabad and Chennai. Customers can also get this
service via e-mail and telephone across the country. The General Manager,
Product Support Services, Microsoft, Asia Pacific, Manish Sinha, said :
"FirstSupport is targeted to cater to the needs of small and medium
businesses. It will allow the SMBs to be able to get support when they
need our help the most."
Maran for cheaper and faster Internet services
Monday, June 14, 2004.
New Delhi : The
Union Minister for Communications and Information Technology, Dayanidhi
Maran, has underlined the need for providing fast and cheap broadband and
Internet connectivity to give a fillip to interactive services. Maran
directed senior DoT (Department of Telecommunications) officials to
thoroughly examine the recently submitted recommendations of the TRAI
(Telecom Regulatory Authority of India) on Internet and frame a "viable
policy" on broadband and Internet connectivity. TRAI had observed that
Internet growth in India was flat and at times had even declined. On the
other hand, other countries like Korea, China and Malaysia have doubled
or trebled the size of Internet and the broadband subscriber base. India
now has 0.4 Internet connections and 0.02 broadband connections per 100
persons, while Korea has 25. China has 1.4 broadband connections per 100
persons and the current level is 50 per cent higher than what it was just
six months ago.
Indian software and services industry projects to cross $20 bn
mark in 2004-05
Saturday, June 12, 2004.
New Delhi : According
to the Nasscom (National Association of Software and Services
Company), a chamber of commerce of IT software and services industry in
India, the Indian software and services industry is projected to cross the
$20 billion mark in 2004-05, with exports from this sector growing at 30-32
per cent to reach revenues of over $16.3 billion. The Nasscom Chairman,
Jerry Rao, said : "Despite the challenges of slow growth of IT spending
globally, jobless recovery in major markets, and appreciation of the rupee,
the Indian software and services industry has been able to maintain its
growth momentum and consolidate its partnership with overseas customers,
adding to their competitiveness." The Nasscom President, Kiran Karnik,
pointed out that the Indian IT industry is among the top ten industries
Oracle will increase number of developers working on Linux
Friday, June 11, 2004.
New Delhi : Oracle
Corporation said it would increase the number of developers working on Linux
operating system to 9,000. The company migrated its 5,000 developers to Linux
last year and anticipates that by the end of 2004 its core development team
worldwide will be leveraging the operating system. Soon Oracle will boast of
the largest Linux based development organisation in the world. At present it
has over 6,000 strong global support team that provides complete technical
support to Oracle customers running on Linux. "By building all our products
on Linux, we have decreased our own development cost and increased
productivity," Wim Coekaerts, director of Linux Engineering said.
TCG Software to merge with Ivega Corporation
Thursday, June 10, 2004.
Kolkata : The IT arm
of the Chatterjee group, TCG Software, and the Bangalore based Ivega
Corporation announced a merger creating TCG-Ivega. The TCG group has
acquired the controlling stake of over 75 per cent in the merged
entity with a combined turnover of over Rs. 100 crores. In a "stock
and cash" deal, which is scheduled to be closed in July, the
Chatterjee group of Purnendu Chatterjee has bought out the entire
investment in Ivega by venture capital firms such as Global Tech
Ventures (GTV) and ChrysCapital.
VLL announces formal launch of its telecom voice and data
services in Sri Lanka
Monday, June 7, 2004.
Mumbai : The
VLL (VSNL Lanka Ltd.) announced the formal launch of its telecom voice
and data services in Sri Lanka. The company is a wholly owned subsidiary of
Tata-managed VSNL (Videsh Sanchar Nigam Ltd.). VLL has tied up with
carriers, both domestic and international, so as to be able to cater to
the international long distance market of Sri Lanka. The VLL also unveiled
its brand, "Tata Indicom" in the Sri Lankan market. The company has forayed
into the Sri Lankan data market with the launch of its Tata Indicom
IPLCs (International Private Leased Circuits). On the international side,
VLL will leverage upon VSNL's existing relationship with 85 carriers across
the globe to offer international direct dialling facility from Sri Lanka to
236 countries. VLL will use submarine cable (SEA ME WE 3) and satellite
capacity in the provision of its voice and data services to the country.
On the domestic side, VLL signed interconnect agreements with Sri Lanka
Telecom (SLT), Suntel, MTN (Dialog), Lanka Bell and Celltell Lanka.
Y S Rajasekhar Reddy allays fears on IT sector in Andhra Pradesh
Saturday, June 5, 2004.
Hyderabad : Allaying
fears that Information and Technology (IT) sector will be
neglected with the change of guard in Andhra Pradesh. However, the
Chief Minister, Y S Rajasekhar Reddy, asserted that the pro-farmer
image of Congress would have no adverse impact on IT and it will get
its due share in the development process. He said : "Though concentration
of state government will be on rural development, IT sector will not
be neglected but we will give a more meaningful and qualitative direction
OSS Technologies forms partnership with Texas Digital System
Friday, June 4, 2004.
Chennai : OSS
Technologies has formed a partnership with Texas Digital System of
the US to launch their products in the Indian market. OSS launched QuickCOM
Enterprise system, the latest in real-time, network attached LED display
technology which has been developed by Texas Digital Systems in India.
QuickCOM Enterprise offers faster response to critical events. The sleep
display system fits into any call centre environment, offering improved
Wipro bags Risk Management Award for its work for J P Morgan
Chase & Co
Thursday, June 3, 2004.
Bangalore : According
to the report, Wipro has bagged prestigious "Risk Management Award" for its
work for J P Morgan Chase & Co. According to the released, the project was
to develop an enterprise-wide operational risk management system. Designed
to be available enterprise-wide and on a global basis to any employee with
intranet access, the operational risk management system includes modules
for capturing and analysing operational loss data, self-assessment, a
capital allocation calculator, and a sophisticated reporting and analytics
Sonata Software opens its third development centre in Bangalore
Wednesday, June 2, 2004.
Chennai : According
to a BSE (Bombay Stock Exchange) release, Sonata Software has
opened its third development centre at Richmond Road in Bangalore. The
centre is the third one in Sonata's portfolio. With a total area of
35,000 sq. ft., the centre will house about 300 IT professionals. The
building will house an offshore development centre to support Symantec's
L&T Infotech and Fidelity Information enter into partnership
Tuesday, June 1, 2004.
Mumbai : A division
of Fidelity National Financial Inc., Fidelity Information
Services, and Larsen & Toubro Infotech Limited have entered into a
partnership to provide infotech solutions to the Indian banking
industry. Larsen & Toubro Infotech Limited is in a unique position
to offer the complete range of Fidelity products and services to
financial organizations in India.
Sasken signs agreement with e-SIM
Monday, May 31, 2004.
Bangalore : The
Bangalore-based telecommunication software company, Sasken, has
signed an agreement with e-SIM, a provider of MMI (Man Machine Interface)
solutions for wireless platforms. As part of this tie-up, Sasken
will offer pre-integrated and market tested MMI along with Sasken's mobile
software solutions. Among the company's mobile software solutions are : 2G,
2.5G, 3G wireless protocol stacks and a portfolio of wireless applications.
TCS joins Symbian Program to support growing market for smart
Saturday, May 29, 2004.
New Delhi : According
to the report, the TCS (Tata Consultancy Services) joined Symbian
Platinum Program. The Tata Consultancy Services announced it has joined
Symbian Platinum Program to support the growing market for smart phones
based on Symbian operating system.
Tata Teleservices and China Unicom sign MoU
Saturday, May 29, 2004.
Mumbai : According
to the report, Tata Teleservices and China Unicom signed a
MoU (Memorandum of Understanding) for co-operation in the CDMA (Code
Division Multiple Access) space. The Memorandum of Understanding is for
jointly developing applications on the CDMA platform and aims at offering
more value added services to subscribers of both telecom operators and
to come out with innovative offerings.