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INDIA
NEWS BUSINESS
Apex
targets insurance segment in Europe and Asia
Bangalore-based Apex Technologies, an insurance software solutions
provider, plans to grow by 100 percent in 2002 and earn Rs 26 crore
in revenues this year.
CMDA
proposes lobbying body for Tier 3 dealers
The functioning of smaller Tier 3 IT dealers and resellers have
always been affected by the lack of a lobbying body like Nasscom
or MAIT.
Qualcomm
to set up R&D centre
The inventor of Code Division Multiple Access (CDMA), Qualcomm
is planning to set up its research and development centre in India.
Transworld
Infotech inaugurates development centre at Pune
Pune-based Transworld Infotech Limited (TWIL) has moved into
expansion mode and established a 20,000 sq ft world-class development
facility in Pune.
P&O
Nedlloyd opens support centres in Pune, Chennai
P&O Nedlloyd, one of the world’s largest container
shipping companies, has opened two support centres in Pune and Chennai
for its global business, and has established a new company, P&O
Nedlloyd IT Services to operate these centres.
Navision
targets SMEs for growth
The slowdown may have burnt a hole in most pockets, forcing
companies to defer expansion plans, but Denmark-based Navision Software,
an enterprise business solution provider, has been an exception
to the rule.
SAS
dons Holmes’ mantle, ventures into fraud detection
In the land of Harshad Mehtas and Ketan Parikhs, fraud is increasingly
assuming alarming proportions. Globally, during holiday season alone,
online stores lose around $300 million to fraudulent transactions
equal to three percent of e-commerce sales.
Alopa
unveils triple focus for 2002
Bangalore-based Alopa Networks, a solution provider for integrated
broadband subscribers and operational support systems (OSS) applications,
plans to focus on new emerging markets—voice, video and data
over cable, and the entertainment market.
Xansa
commences development of Chennai centre
Xansa, the business consulting, information technology and outsourcing
organisation, has commenced work on its new software development
facility at Sirusari, near Chennai.
Infotech
Enterprises bets big on engineering services
Hyderabad-based Infot-ech Enterprises recently announced a business
and equity partnership alliance with Pratt & Whitney, a subsidiary
of US-based $24.1 billion United Technologies, aimed at giving it
the much needed fillip in the nascent aerospace engineering sector.
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