GHCL Limited has signed an agreement to acquire over 100 % of the shares of UK’s largest home textiles retailer- Rosebys. The acquisition has been done at a cost of $40 Million.
The Equity cost of acquisition will be funded through the resources raised from various domestic & foreign institutions in the recent past. The acquisition process is likely to be completed by October 2006, after which GHCL would have a complete control over Rosebys’s operations. Read more
Geometric Software Solutions Co. Ltd has signed an agreement with IBM to jointly provide services assisting clients in accelerating the deployment of Product Lifecycle Management solutions. Read more
Bangalore: June 20, 2006 —Microsoft Corp. today announced the release of Windows Live Messenger, one of the first of more than 20 new Windows Live services that will be launched globally over the course of the year in over 60 markets including 12 in Asia . Windows Live Messenger goes beyond a traditional instant messaging (IM) service, enabling people to connect and share, with video calling, easy sharing folders and more. Read more
As a first step forward towards setting up a national common ‘Do-Not-Call Registry’ in India, Indian Banks’ Association (IBA) and India Cards Council (ICC) facilitated by MasterCard International today issued a ‘Request for Information’ (RFI) for the ‘Do-Not-Call Registry’ initiative. Read more
Intrusion Detection and Intrusion Prevention Systems (IDS/IPS) have risen from a past challenged by high false positives and complex implementations to a critical, “must have” technology in today’s increasingly connected environment. This market continues to show remarkable growth, and as a technology, IDS/IPS continues to evolve in order to tackle the ever-changing threat landscape. IDS/IPS technology is continually being deployed to address regulatory mandates and well as preventing attacks from the inside. Read more
NEW DELHI – June 20, 2006 – EMC Corporation, the world leader in information management and storage, with 2005 revenues of $9.66 billion, today announced its third phase of investment in the Indian market. It has committed to double its existing investments in India by 2010 from US$250 million announced in February 2005, to over US$500 million. EMC also announced it will set up a Centre of Excellence in e-Governance (CoEE) to assist the Central and State Governments with their e-Governance information management and storage needs. The announcement was made by Mr. Joe Tucci, Chairman, President and CEO, EMC Corporation in New Delhi. Read more
“Service” is one of those wonderful, “Warm Fuzzy” words like “love”
and “happiness.” They are easy to say and sound so good, but unless
they are backed with real substance, they mean so little.
Read more
Power, money, technology, talent they have it all. Both are mega organizations. One is the world’s biggest handset maker, the other the world’s No. 2 cell phone chip-maker and developer of wireless technology Code Division Multiple Access (CDMA) technology. The big, bigger and expanding world of telecommunication combined with unleashed ambitions and desires and the result is the politics of power. Welcome to the war of the titans. Nokia and Qualcomm are at it again. This time its Qualcomm hitting at Nokia. Read more
The building industry is approaching a migration phase where the need
for scalable, interoperable, flexible and open systems is spurring
participants from different building technology industries to
collaborate on a single platform. This will allow them to build
systems, which can ultimately propel growth in intelligent building
(IB) concepts. This transition demands technological developments with
the ability to curtail the prominence of proprietary solutions that
give an impression of being open systems when they are not. Read more
