Tech

Hughes Software IPO raises Rs 6,000 cr

By : CIOL Bureau

BANGALORE: Hughes Software Systems (HSS), the first book-built public issue, received subscription of Rs 6,000 crore ($1.4 billion) as against the target of Rs 275 crore, said the book-running lead manager for the issue of Kotak Mahindra Capital Company. The

HCL Technologies plans IPO at a par value of Rs 4

By : CIOL Bureau

BANGALORE: HCL Technologies (HCLT) has decided to make its initial public offer (IPO) in the Indian market at a par value of Rs 4 per share. The company has also postponed its idea of US listing till June next year

CompUSA’s corporate sales fall

By : CIOL Bureau

BANGALORE: CompUSA, the retailer of personal computers, said fiscal first-quarter sales fell 2 percent from a year earlier on lower direct sales to corporate customers, governments and schools. CompUSA said sales fell to $1.36 billion in the quarter ended Sept.

CMC plans Rs 120-cr investment strategy

By : CIOL Bureau

BANGALORE: CMC has drawn up a Rs. 120-crore investment plan focussing on its core competencies with a thrust on global IT scenario. CMC Chairman and Managing Director S.S. Ghosh said at the 23rd annual general meeting (AGM) that CMC’s corporate

BFL plans overseas acquisitions in e-commerce sector

By : CIOL Bureau

Bangalore-based BFL Software Ltd. is planning tie-ups and acquisitions with overseas companies in the Internet and e-commerce segment. “We are working out options to tie-up or acquire overseas companies. We are speaking to some people and shortly expect to finalise

IBM to launch security chip embedded in hardware

By : CIOL Bureau

International Business Machines Corp. plans to launch a security system that it hopes will set the industry standard for protecting confidential documents such as those used in the growing area of electronic commerce. Unlike security measures that rely on ‘firewalls’,

Wipro loses 2 more executives

By : CIOL Bureau

Two more senior executives have quit Wipro Ltd. Chief executive at Wipro Technology Solutions S. Janakiraman and Wipro Software and Services chief operating officer and president of enterprise solutions division V Chandrasekaran have put in their papers. Wipro has announced

TRAI to decide on MTNL’s plan after a consensus is reached

By : CIOL Bureau

The Telecom Regulatory Authority of India (TRAI) indicated it would not take a decision on Mahanagar Telephone Nigam Ltd.’s (MTNL) proposal on cellular phone service until a consensus is reached on the technology to be adopted. TRAI will also hold

ProNetLink to open sales office in India

By : CIOL Bureau

Pronetlink.com, the global trade internetworking company, has announced an agreement that will increase its exposure in India. The deal calls for Mumbai-based Om Business Solutions to be the primary developer of ProNetLink.com brand identity within India, as well as market

TCS plans `apps on taps’ for software

By : CIOL Bureau

Tata Consultancy Services (TCS) is evaluating possibilities of adopting the `apps-on-taps’ concept, which allows a user to use software from the Internet without having to buy it and pay on per-usage basis. If implemented, TCS would be one of the

Polaris Software debuts on MSE at Rs 675

By : CIOL Bureau

Polaris Software Lab Ltd. began trading at the Madras Stock Exchange (MSE) at a price of Rs 675 per share representing a 221 per cent premium over the offer price of Rs 210 per share. On the first day, the

Pentafour going in for a name change

By : CIOL Bureau

The Chennai-based Pentafour Software & Exports will be going in for a name change. The company had already sought shareholders approval at its recently held AGM. Consultants have suggested a few names, and a final decision is expected soon. Pentafour

Dishnet to offer access via DSL

By : CIOL Bureau

The Internet service provider Dishnet Ltd. will introduce Internet connectivity through digital subscriber line (DSL) technology in Chennai within the next two weeks. With DSL technology, subscribers will be able to access the Net through leased lines provided by the

OOPS to provide managed e-mail services

By : CIOL Bureau

Object Oriented Programming Services (OOPS) is planning to provide managed e-mail services for corporates which would work out to be more flexible than existing options. Corporates needn’t worry about leased lines, back-up servers, servicing and security issues as the email

Crossing the VC Rubicon – Ten questions for your perspective VC investor — II

By : CIOL Bureau

Ten questions for your perspective VC investor – II

Sun ships Solaris 8 beta software to key customers and ISVs

By : CIOL Bureau

Sun Microsystems today announced it is shipping the first beta version of the Solaris 8 operating environment to approximately 300 key customers and independent software vendors (ISVs). The beta release, available simultaneously for both SPARC and Intel platforms, has many

Office Suites market grew by 51% in 1998-99: IDC India

By : CIOL Bureau

The office suites market in the country has witnessed an excellent growth of 51 per cent in the financial year 1998-99 (April 1998-March 1999). The number of units shipped have gone up from 125,000 in 1997-98 to 188,500 in 1998-99.

C-commerce to dominate the Internet world: GartnerGroup

By : CIOL Bureau

GartnerGroup has identified a complex form of e-business that is emerging as a dominant trend in the information technology (IT) world. The new “collaborative commerce” (c-commerce) model describes the collaborative and fluid interaction of a community of personnel, business partners

Interview – N. R. Narayana Murthy

By : CIOL Bureau

The industry should spend more on R&D

Palmisano to head IBM server group

By : CIOL Bureau

IBM said that Sam Palmisano, the head of its computer services–would replace the retiring head of its computer hardware business. IBM said Robert Stephenson, 61, a 38-year IBM veteran who also once led the company’s personal computer business, will retire