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Penguin introduces self-publishing arm to India

Submitted by Karthik on 11 February, 2013 - 11:54

Penguin India and its subsidiary, Author Solutions, have set up a company to enable aspiring Indian authors to self-publish their books and distribute them across the world. The company, named Partridge Publishing, provides services that cover all facets of publishing from editing to design and marketing to sales.

Sify management jumping ship

Submitted by Karthik on 18 July, 2006 - 19:19

The Economic Times is reporting on rumours that Sify's top tier management executives are all set to make a hasty exit from the company.

NASDAQ-listed Sify, one of India’s leading internet, network and e-commerce providers, is staring at a management crisis with the top brass set for a sudden exit. Sources said the company’s managing director and CEO R Ramaraj and a group of top honchos have put in their papers amidst talks about growing strife with the new promoters, US-based private equity firm Infinity Capital Ventures.

Sources told ET that 20-25 top executives could be on their way out. Some of them, including Mr Ramaraj, have already put in their papers, they added. Incidentally, the move comes barely 24 hours ahead of Sify’s first quarter results and an investor conference to be addressed by Mr Ramaraj.

Source: Economic Times.


Reliance pips VSNL for Deutsche Telekom deal

Submitted by Karthik on 23 June, 2006 - 23:13

Reliance infocomm appears to have won the latest round in their ongoing bandwidth wars with VSNL.

Reliance Infocomm’s international network transport and communication service providing company, Flag Telecom, has bagged Deutsche Telekom’s bandwidth contract worth $80-100 million. The contract had reportedly attracted bids from Tata Group company Videsh Sanchar Nigam Ltd (VSNL), Cable & Wireless and Singtel.

The order, which sources said is the biggest till date, is to buy bandwidth under the sea between Europe and the US for Deutsche Telekom's retail broadband business all over Europe.

link: Financial express.

VSNL to take on USTR over bandwidth issue

Submitted by Karthik on 25 April, 2006 - 10:19

Internet and telephony major Videsh Sanchar Nigam Ltd (VSNL) is planning to take on United States Trade Representative (USTR) on allegations that VSNL is creating artificial shortages of bandwidth in and out of India.

USTR, which deals with trade and anti-competitive practices, has accused VSNL of creating bandwidth crisis. In its ‘Telecommunications Trade Agreements’ report, the organisation has also alleged that VSNL was responsible for bottlenecking of bandwidth, in turn, preventing US operators from serving Indian customers.

Private firms to use RAJiv to tap rural potential

Submitted by Karthik on 17 December, 2005 - 11:38

RajIV, an Andhra Pradesh government undertaking, has received a private sector fillip following tie-ups with companies like ICICI, Hutch, et al. in bringing broadband connectivity to villages across the state.

"There are around 20 other companies, including seeds and fertiliser companies, that are looking at expanding their reach through Internet as well as physically through our kiosks," Myneni said. This apart, there are some organisations that are looking at tying up with the consortium to provide weather information, etc, to farmers as well.

USD 10 Billion in 11 weeks

Submitted by Karthik on 8 December, 2005 - 10:13

With the announcement that Microsoft are planning on investing USD 1.7 billion into India (over four years), the total amount in terms of investment plans announced over the last 11 weeks has touched USD 10 billion. Most of these investments are scheduled to go into research and development.

Besides Microsoft [USD 1.7 billion], Cisco [USD 1.1 billion], Intel [USD 1 billion] and SemIndia with AMD [USD 3 billion] make up the bulk of the rest.



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