Fourteen companies will begin operations this month in Kochi Infopark at Koratty. The park, coming up in Thrissur district, is the first spoke model IT park.

Koratty IT park set to begin operations

Business Standard

elLoka Techsolutions Private Limited, a city-based product design and manufacturing company, is looking at raising $10-million (approximately Rs 46 crore) equity investment to meet its working capital requirements and to scale up its manufacturing capabilities.

elLoka Tech to raise $10 mn

New Trai formula plans to replace subscriber-based allocation for spectrum.

Operators to pay more for 2G

Telecommunication equipment major Nokia Siemens is planning to source components worth Euro 500 million, an increase of around 50 per cent compared to last year. Meanwhile, the company has developed renewable energy solutions for telecoms operators. The solution would help the operators to handle frequent power cuts in rural parts of India and will reduce the operating cost, according company&rsquo;s senior official.

Nokia-Siemens to source components from India

Mukerji, who was earlier heading the Europe operations of Wipro Technologies, will be taking over from V R Venkatesh and will relocate to California.

Wipro Tech rejigs management to focus on R&D

Hiring up, rupee hedges in place, but net addition in clients still subdued.

Q4 results for IT sector seem to predict better year ahead

Cognizant, a Nasdaq-listed information technology, consulting and business process outsourcing services company, today announced the acquisition of PIPC Group, a London-based global programme management consulting firm. The terms of the transaction were not disclosed.

Cognizant buys London-based company PIPC Group

The city based Roboticwares today announced the development of LPG Gas alarm and SMS system for prevention of accidents due to leakage from cooking gas stove, cylinder and rubber pipes.

Roboticwares develops alarm system

With telecom tariffs at rock-bottom making operations almost unviable, telecom regulator Trai today favoured mergers and acquisitions (M&amp;As) in the sector that may now see a shake-out.

Trai allows M&A, telecom valuations may soar

Press Trust of India

Sistema Shyam TeleServices, a joint venture between Russia's Sistema and India's Shyam Group, today said it is negotiating with various financial institutions to raise around Rs 1,350-1,800 crore for its expansion plans.

Sistema Shyam in talks to raise $300-400 mn to fund expansion

Revenue from the 3G spectrum sale touched the Rs 54,000-crore mark with the bid for all-India third generation mobile licence rising to Rs 14,026 crore ($3 billion) on Day 27 of the auction today.

3G spectrum revenue crosses Rs 56,000 cr on Day 27

Anil Ambani group firm Reliance Communications (RCom) today welcomed the Trai spectrum proposals saying they are consumer-centric, while Tata Teleservices (TTSL) said the recommendations on 2G spectrum have not addressed inequalities in spectrum allocation.

Trai spectrum proposal progressive: RCom

US-based Cybernet-Slash Support, the global technology solutions provider, today announced the acquisition of Glow Networks and InteQ&rsquo;s service business. Both companies are also US-based.

CSS announces buyouts of two US firms

Sistema Shyam TeleServices Limited (SSTL), a joint venture company between Russia's Sistema and Shyam Group of India, will be investing Rs 250 crore to expand its code division multiple access (CDMA) network in Andhra Pradesh by the end of this year.

Sistema Shyam to invest Rs 250cr

Suggests pegging 2G fee to 3G pricing, lifting M&amp;A restrictions; vetoes 2G auction for now.

Trai tries to change horses midstream

Nasdaq-listed EXL Service&rsquo;s net income for the first quarter ended March 31 doubled to $5.6 million (Rs 25.2 crore) while its revenue rose 32 per cent year-on-year. Rohit Kapoor, president and CEO, told Kirtika Suneja about their plans fo exansion.

'We are exploring new operations, acquisitions...client demand is picking up'

Fearing a massive additional-outgo towards spectrum for their existing services, top mobile operators Bharti, Vodafone and Tata Tele today said regulator Trai's recommendation was &quot;arbitrary&quot; and &quot;retrograde&quot;.

GSM cos cry foul on Trai's spectrum proposals

Two major Chinese telecom companies Huawei and ZTE, which are reportedly facing security hurdles, today sought to assert bringing an Indian character to their operations in the country even as the government said it is not paranoid about China.

Huawei, ZTE affirm plans to Indianise operations

Leading mobile phone operators came down hard on the telecom regulator on a day when most saw their stocks on a crash course.

Cell-shocked: Telecom stocks on crash course

Senior management will meet the home secretary today.

ZTE plans to set up mfg unit in India

Denying rumour that it might be using its office premises to compromise crucial Indian data by planting spyware, Chinese telecom equipment maker Huawei today maintained it was ready to cooperate with the government to have its facility inspected.

Huawei says govt can inspect its facilities any time

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