Posts From CIOL Bureau

LG Software to launch online payment gateway in March

By : CIOL Bureau

LG Software is all set to add an online payment gateway to its e-Buy, an e-commerce enabling software service.

Intel to spend $1.5b. on retooling Rockwell fab

By : CIOL Bureau

Intel will purchase a wafer fab from Rockwell International in Colorado Springs and invest $1.5 billion to retool the facility in order to help the company boost short-term manufacturing shortages, especially in flash memories.

Amazon.com remains consistent, another big loss

By : CIOL Bureau

Despite skyrocketing online sales in the last three months of 1999, Amazon.com still managed to ring up a $185 million loss.

A recruitment firm launches a site for job seekers

By : CIOL Bureau

Jobs DB India Private Limited, a subsidiary of Hong Kong-based Jobs DB Inc, an Internet-based recruitment company, has launched a site called www.JobsDB.com.

SEBI seeks FII status for foreign venture capitalists

By : CIOL Bureau

SEBI has urged the centre to consider the same status to foreign venture capital investors (FVCIs) as is given to foreign institutional investors (FIIs).

IIIT-B to set up more centres

By : CIOL Bureau

Indian Institute of Information Technology, Bangalore (IIIT-B) promoted jointly by the Karnataka Government and the IT industry is planning to open centres in Mysore, Dharwad and Mangalore.

DTS to launch mobile telephony by April 1

By : CIOL Bureau

DTS will commence cellular mobile telephony by April 1 in 18 cities and towns and it will also offer cheaper long-distance telephone services using Internet protocol in a few cities by the middle of the year.

Intel acquires US co. with Bangalore subsidiary

By : CIOL Bureau

Intel Corporation has acquired chip design company, Thinkit Technologies, which has a Bangalore subsidiary.

News in brief..

By : CIOL Bureau

NIIT, Telstra form alliance, KoolMal brings selling to the Net, Shape your destiny with Cyberastro.com, GoldReed redefines the Green Revolution.

Verifone, @pos.com to deliver e-services to retailers worldwide

By : CIOL Bureau

VeriFone, a division of Hewlett-Packard Company, and @pos.com, Inc., engaged in Web-enabling the point of sale, have announced a strategic alliance to deliver retailers an interactive solution that combines e-services and e-payment at the point of sale.

Microtek enters software segment

By : CIOL Bureau

Microtek International, a hardware manufacturing firm and an associate of shoe major Action, has acquired a software company `Target Technologies’ to enter the software development segment.

ICICI plans new company for dotcom ventures

By : CIOL Bureau

ICICI is planning to float a new company for all its business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C) dot.com ventures.

US relaxes curbs on computers exports to India

By : CIOL Bureau

Bill Clinton has relaxed controls for export of high-performance computers to several countries including India, which is one of 50 nations on the administration’s restricted list.

ITsquare.com to enter India

By : CIOL Bureau

ITsquare.com, the first software outsourcing Web site that help companies find software firms will enter India to tap Indian software companies.

Homedel.com sells 50% of its stake

By : CIOL Bureau

Homedel, the four-month old Business-to-consumer e-commerce site that vends food products, has been sold 50 per cent of his stake in the company for an investment of 5 lakh and a promised investment of 2 lakh every month for 3 years.

India may see less secure version of Windows 2000

By : CIOL Bureau

Microsoft will be forced to release a less secure version of Windows 2000 in India due to the ongoing sanctions imposed by the US government as a fallout of India’s nuclear tests.

Component market growth has paralleled that of the Net

By : CIOL Bureau

In a few years, component-based development has become extremely popular among software developers across the globe. CMG chairman Dr Thomas J. Mowbray speaks of the future of CORBA and CBD in the growth of software industry in India.

PentaSoft plans pvt. placement of 15m shares

By : CIOL Bureau

Pentasoft Technologies Ltd. is planning a private placement of a maximum of 15 mn equity shares through the book building route at Rs 700 per share.

Net-based trading started in India

By : CIOL Bureau

India has joined the select group of countries in the world with the official launch of Internet-based stock trading on Tuesday.

Convergent to set up reseller network

By : CIOL Bureau

Convergent Communications plans to establish its channels and reseller network in the next financial year.