State Bank of India has agreed to lend Vodafone-Essar, the joint venture between UK&rsquo;s Vodafone and Essar, Rs 10,000 crore to finance the company&rsquo;s entry into 3G (third generation) telecom services and expansion of its broadband operations.

SBI to lend Vodafone Rs 10,000 cr

Business Standard

Mumbai-based Nazara Technologies, a leading mobile entertainment company, has decided to launch four games on the theme of general elections in the country and the Indian Premier League (IPL) on the mobile platform to take advantage of the current hype around these two mega events.

Nazara Tech to launch mobile games on elections, IPL

The senior management and board members of India&rsquo;s second largest IT company Infosys Technologies who already have taken a &lsquo;deep pay cut&rsquo; due to sharp reduction in their total variable pay in the fiscal 2008-09, might even be paid further less this fiscal.

Infy top echelons may see more pay cuts this year

KTwo Technology Solutions, a Bangalore-based two-year-old software products company, is planning to raise around Rs 15 crore to fuel its expansion plans. The company recorded revenues of Rs 11.56 crore for year-ending March 31, 2009, registering an organic growth of 83 per cent compared to the previous year. The EBITDA was Rs 1.61 crore, a growth of 128 per cent compared to the previous year. The company added 10 new clients during the year.

KTwo Technologies to raise Rs 15 cr

In the light of the current global meltdown, Lanco Infratech Limited (LIL), the flagship company of Hyderabad-based Lanco group, has decided to focus on power generation and go slow on its other activities like construction, infrastructure and property development.

Lanco to focus on power, go slow on other activities

The hike, usually given during April every year, is not being given this year, Infosys head of HR, education and research T V Mohandas Pai said here while announcing its Q4 results. &ldquo;This is perhaps for the second time we are not giving hikes and promotions. We have decided not to give hikes or promotions now.

Infosys to freeze April wage hike, promotions

Bharti Airtel, the country&rsquo;s largest private telecom service provider, is in discussions to&nbsp;outsource its last mile connectivity of its broadband operations. The company is in&nbsp;discussions with two infrastructure service providers, Alcatel-Lucent and Cisco for&nbsp;outsourcing contracts.

Bharti Airtel to outsource last mile connectivity

GSM major Vodafone Essar has reduced its international roaming rates on postpaid services for subscribers travelling to South Africa for the IPL cricket tourna-ment.

Vodafone offers 85% discount on roaming

Serial technology entrepreneur Jaithirth (Jerry) Rao, who founded MphasiS and later sold it to global software firm EDS Inc nearly four years ago, is firming up a business plan for low-cost housing, which is picking up steam in India.

Jerry Rao plans foray into low-cost housing, seeks Murthy's support

IT services provider MindTree Consulting is restructuring salary offers to its trainees over an 18-month period by staggering payments and linking these to tenure. The plan will be applicable to 250 freshers who joined the company in March this year. Another 250 people are expected to join in October this year.

MindTree restructures trainee salaries, to be paid in tranches

Bharti Airtel, the country&rsquo;s largest private telecom service provider, is in discussions to outsource the last-mile connectivity of its broadband operations. The talks are with two infrastructure service providers, Alcatel-Lucent and Cisco, for outsourcing contracts.

Airtel to outsource last-mile broadband connectivity

Pramod Bhasin heads Nasscom at a time when it needs leading from the front. Subir Roy discusses the challenges the industry faces, including the need to develop the Indian market.

Subir Roy: 'We must be part of the solution'

India&rsquo;s second largest information technology (IT) services provider, Infosys, has urged its 3,500-odd employees currently &lsquo;on the bench&rsquo; (without any project to work on) to move to its business process outsourcing (BPO) arm, while remaining on the parent company&rsquo;s rolls.

Infy asks 3,500 &#8217bench&#8217 staff to shift to its BPO

He has never bought a gadget that could not justify its worth, claims Anuj Khanna, CEO and chairman (executive committee), Affle.

&#39;I buy a gadget once every month&#39;

Hit by the telecom regulator&rsquo;s decision to reduce termination charges, youth-centric telecom operator, Virgin Mobile, has cut the 10 paise credit per minute for every incoming call by half. All new customers will get only 5 paise per incoming call.

Virgin slashes mobile call credit rate

Tech Mahindra has raised Rs 600 crore from non-convertible debentures (NCDs), the company stated in a filing to the Bombay Stock Exchange (BSE) today. The Mumbai-headquartered IT service provider has raised the money to pay for the acquisition of Satyam Computer Services.

Tech Mahindra raises Rs 600 cr from NCDs

Delta Air Lines Inc, the world&rsquo;s largest carrier, said it stopped routing customer service calls to India and brought them &ldquo;back in house&rdquo; in the US because customers were unhappy.

Delta Air not to route calls to India

PC shipments across the world including India declined quite significantly during the last two quarters, an offshoot of the global financial meltdown. However, that has not dampened the spirit of the PC vendors regarding the opportunities that emerging markets like India still hold.

PC vendors pin their hopes on India

The fall in the volume of business both for its Indian as well as international operations in the wake of the global financial meltdown in the fourth quarter, Bangalore-headquartered IT services firm Sonata Software has posted a marginal 1.89 per cent increase in its net profit to Rs 17.22 crore in the quarter ended 31st March, 2009 when compared with the same period previous fiscal.

Sonata Q4 net up 2% on volume fall

Kiran Karnik wanted to stay out of the limelight and take life a bit easy after seven years as Nasscom president. But Satyam happened and he was back in action, fire-fighting almost non-stop for over three months. In an interview with Leslie D'Monte, the Satyam Chairman discusses the road ahead &mdash; for Satyam and himself.

Satyam's top 20 clients are delighted: Karnik

Online &amp; mobile marketing has become the focal consumer touch-point for all IPL matches.

Cyber cricket, anyone?

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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