Insurance regulator Irda today said IT major Wipro will develop a system to address the grievances of insurance customers.

Wipro to develop grievances redressal system for Irda

Press Trust of India

According to the latest data by the Reserve Bank of India (RBI), bank credit grew by 19.12 per cent on a year-on-year basis. The outstanding credit stood at Rs 32,88,074 crore.

Bank credit spikes on demand from telcos

Business Standard

State-run Bharat Sanchar Nigam Limited (BSNL) launched its 3G mobile and high speed wireless internet services (data services) in the state capital of Chhattisgarh. &ldquo;Initially, the service would be available in Raipur city limits and will be later expanded to the other cities across the state,&rdquo; chief general manager of BSNL Chhattisgarh circle Ramyagya said. The 3G mobile and data service would be available to all BSNL postpaid and prepaid 2G subscribers in Raipur city. &ldquo;BSNL will do its best to provide uninterrupted 3G Mobile and data services to its subscriber in the telecom circle,&rdquo; Ramyagya added. Migrated customers can experience video calling, high speed internet, mobile TV among other services, at 3G charges while retaining their 2G Voice Plan. &ldquo;The BSNL subscriber can enjoy local and STD Video call just at 30 paisa per minute with our 3G services,&rdquo; Ramyagya said.

BSNL launches 3G, internet data services in Raipur

Aegis, the business process outsourcing (BPO) arm of the Essar Group, is working on a mix of organic and inorganic strategies to reach the $1-billion revenue mark. After the recent acquisition of AGC Networks, Aegis&rsquo;s revenue is estimated to have reached around $700 million.

Aegis eyes 5-6 buys in global markets

Crest, Toonz India and Big Animation are working on global releases with a lot of production work done in India.

3D movies breathe life into animation studios

LG Electronics, which launched two new mobile phones, Cookie Fresh (LG GS290) and Cookie Plus (LG GS500v), today is aiming to capture 13 per cent market share for mobile phones in the state this year. The company, which is eyeing 10 per cent market share by the end of December 2010, is also targeting a three-fold increase in revenues this year to Rs 3000 crore from Rs 1000 crore at present.

LG expects 13% market share for mobile phones in Gujarat

The lifespan of movies at multiplexes is getting shorter. Realising this, Bollywood producers are increasing the pre-release marketing budgets of movies as well as devising multiple promotional strategies to ensure they break even at a faster pace.

Bollywood budgets more for pre-release blitzkrieg

MindTree committed to kick off project soon.

Orissa to review status of IT projects soon

The use of the ubiquitous mobile phone for financial services is akin to e-payments on steroids.

Probir Roy: The 4 R's of mobile banking

The counsel for B Ramalinga Raju, the founder chairman of Satyam and the key accused in the case, and other accused pressed for clubbing of charges as it would avoid duplication of arguments and save time.

Satyam case posted to June 23

The World Cup may be a &ldquo;yellow card&rdquo; for earnings at US technology companies as hundreds of millions of fans worldwide glue themselves to the soccer tournament in South Africa, Goldman Sachs Group Inc said.

World Cup may be 'yellow card' for tech earnings, Goldman says

IT services and solutions provider Cognizant, acquired Galileo Performance, a Paris-based provider of IT testing consulting services. The terms of the transaction were not disclosed.

Cognizant buys Paris-based Galileo Performance

Paris-based IT consulting, services and solutions provider Capgemini today completed the acquisition of UK-based Strategic Systems Solutions (SSS) by acquiring remaining 51 per cent stake of the company.

Capgemini completes Strategic Systems buy

Quippo-WTTIL, the independent telecom infrastructure company signed a five year multi-million dollar Integrated Managed Services (IMS) agreement with IBM.

Quippo-WTTIL in 5-yr outsourcing deal with IBM

Buoyed by demand from the telecom and IT sector, the semiconductor market in India is poised to grow at a CAGR of 22.1 per cent to touch $8.04 billion in 2011, according to the India Semiconductor Association (ISA).

Indian semiconductor mkt set to touch $8 bn in 2011

Telecom major Bharti Airtel today said it has partnered Cisco and Servion to foray into the hosted contact centre services -- that enables firms to get access to technology without having to separately buy software licences -- market.

Bharti partners Cisco, Servion for hosted call centre service

Wipro Ltd, a provider of IT and business transformation services, has entered in a strategic collaboration with Hitachi Data Systems to offer co-branded products and services on Hitachi Technology in India.

Wipro, Hitachi sign tech pact for adaptable storage

Mobile subscribers will have to wait longer if they want to migrate to another service provider while retaining the same number.

Number portability rollout not before 2011

Banking on its low end designer phones and distribution network, Bling Telecom Pvt. Ltd. is eyeing a turnover of Rs 400 crore by the end of the financial year 2010-11. &nbsp;The company, which manufactures and markets mobile handsets under the brand names of 'Movil Mobile' and 'Bling Telecom', has already pegged a revenue of Rs 125 crore in the current fiscal.

Bling Telecom eyes Rs 400 crore revenue by fiscal end

Ahmedabad-based Elitecore Technologies, a leading telecom software&nbsp;provider, announced 10 successful WiMAX roll outs in South East Asia, Asia Pacific and Eastern Europe regions. The company has deployed WiMAX 16e and 16d CSN platform within a period of 18 months.

Elitecore deploys 10 successful WiMAX platform in 18 months

Employee management solutions provider Cnergyis is planning to concentrate on the public sector to drive its growth. In the business of HR-Payroll-Compliance-Income Tax Services and Solutions this company is celebrating a decade of its existence.

Q&A: Prasad Rajappan, Founder & MD,Cnergyis

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

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