Posts From CIOL Bureau

World wakes up to a bug free 2000, no Y2K glitches in India so far

By : CIOL Bureau

India joined the rest of the world in welcoming the new millennium without reporting any fault in its computer networks spread across various government and private sectors.

Investment norms eased for VC cos

By : CIOL Bureau

The Government has eased the investment norms for venture capital funding by removing the ceiling of 40 per cent imposed on investment by venture capital funds (VCFs).

India to lose $400m on account of Y2K bug: IDC

By : CIOL Bureau

The market research and consulting firm International Data Corporation (IDC) has predicted an economic loss of about $400m to India on account of the Y2K bug striking tonight.

Ascom introduces ISDN range of EPABX in India

By : CIOL Bureau

Ascom has launched the Ascotel ISDN telecommunication systems for the SME segment in India.

Autodesk launches developer network

By : CIOL Bureau

Autodesk India, subsidiary of the $872 million US-based Autodesk Inc, has launched Autodesk Developer Network (ADN) to facilitate interaction between ADN members.

Infosys gets shareholder approval for stock split

By : CIOL Bureau

The shareholders of Infosys Technologies Ltd. approved the 2-for-1 split of its equity shares, i.e., a sub-division of every equity share from the current par value of Rs. 10 into 2 equity shares of par value Rs. 5 each.

Wipro to enter home Internet services

By : CIOL Bureau

Wipro Corporation has decided to enter the home Internet services market early next year through a joint venture (JV) with Royal Dutch Telecom (KPN).

IT sector may grow 23 % in 1999-2000: IDC

By : CIOL Bureau

The information technology (IT) industry in India is set to witness a 23 per cent growth in 1999-2000 over the previous year, according to a study.

Infozech to focus on carrier reconciliation

By : CIOL Bureau

The Delhi-based Infozech, a billing solutions provider who has been focusing on the overseas market, is now exploring the Indian market.

CBSI enters into a strategic alliance with Netgateway

By : CIOL Bureau

CBSI India, the Chennai-based IT services provider, has been appointed strategic partner for the US-based e-commerce portal, Netgateway.

Datapro to offer Verio’s services in India

By : CIOL Bureau

Datapro has tied up with Verio to offer Web-related services like domain registration, domain parking, Web hosting on a shared or dedicated server as well as managing commerce-enabled Web-sites in India.

DBS launches B2B portal to push its Internet solutions business

By : CIOL Bureau

DBS Internet Services has launched a B2B e-commerce portal called enterpriseB2B.com.

VSNL cuts Net tariff by 15%

By : CIOL Bureau

VSNL announces 15% cuts in its internet tariffs.

STPI to invest Rs 100 crore in earth stations

By : CIOL Bureau

The Software Technology Parks of India (STPI), an autonomous society under Ministry of Information Technology, has embarked on a Rs 100-crore project to build earth stations for high speed data communication links in 20 secondary towns in India.

ITIL profit up 161 per cent

By : CIOL Bureau

Information Technologies (India) Ltd. (ITIL) has said its sales for the quarter ending November 1999 stood at Rs 54 crore.

Saral – cash register made available by VXL

By : CIOL Bureau

VXL Instruments Ltd. announces the availability of Saral CCR, a cash register for retail outlets.

Norms on overseas acquisitions by software cos. eased

By : CIOL Bureau

Government has eased the norms for overseas acquisitions by domestic software companies by providing for automatic approval for acquisitions up to $100 million by Indian companies listed abroad.

Indiainfo.com to spend $50 million in India

By : CIOL Bureau

Indian portal IndiaInfo.com is shifting into overdrive with its plans of spending $50 million in the next year.

Redleaf attracts investment of $150 million

By : CIOL Bureau

Redleaf Group, a new Internet company developing seed stage B2B e-commerce firms, has announced it is securing initial capitalization of $150 million to fund its launch in five strategic locations.

Satyam plans second ADS issue

By : CIOL Bureau

Satyam Infoway has proposed to go for another round of ADS offering to raise $115 million to complete its acquisition of IndiaWorld Communications.