Technology Sector

Panasonic brings about a change in its creative and media agencies

Panasonic VieraAfter a recent change in the creative and media agencies of the consumer, business and industrial electronic goods bigwig Panasonic, Percept's IBD has been handed over the Viera - LCD and plasma TV range - and Lumix businesses including Limux camera range; while Percept's media agency, Allied Media, has bagged the company's media buying mandate.

CVC instructs DoT to investigate “under-reporting” by Bharti Airtel

Central Vigilance CommissionWith Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC).

Chakraborty has alleged that the under-reporting, "anti competitive practice of Bharti Airtel in long distance carriage" may well have resulted in Rs 100 crore yearly losses to the government.

Microsoft rolls out India-specific gaming console - Xbox 360 Arcade

Microsoft rolls out India-specific gaming console - Xbox 360 ArcadeRolling out its new entry-level gaming console Xbox 360 Arcade in India, Microsoft intends substituting it with the Xbox 360 Core model. The new console offers five interesting Zbox LIVE Arcade games - Uno, Luxor 2, Boom Boom Rocket, Feeding Frenzy, and Pac-man Championship Edition.

Omnitech InfoSolutions signs ‘Multi-Year Contract’ with two overseas firm

Omnitech InfoSolutions Omnitech InfoSolutions Ltd, a provider of technology related services in the areas of business availability and business continuity, has signed a multi-year contract with two overseas companies to offer Remote Infrastructure management services and Virtual CIO offerings respectively.

According to official release, the consolidated and accumulative deal size would be at Rs 25 crore.

The company has signed the first contract with a European firm - IT Factory to remotely support IT Factory's management functions and IT maintenance.

Gemini Communication to demerge its system integration business

Gemini CommunicationThe Chennai-based networking solutions provider Gemini Communication plans to demerge its system integration business comprising enterprise convergence group, wireless and telecom and 4S divisions to a separate company.

However, the company will retain the technical services division to the telecom sector; PointRed Telecom and radio frequency identification (RFID) businesses.

It may be noted that the company's board has proposed to make a preferential allotment of up to 97,18,000 warrants with option to convert them into 97,18,000 equity shares for working capital requirement.

Tata Comm Signs Strategic Pact With Dimension Data; Stock Up 3.2%

Tata Comm Signs Strategic Pact With Dimension Data; Stock Up 3.2%Tata Communications has announced that it has entered into a strategic alliance with the USD 4.5 billion specialist IT services and solutions provider Dimension Data.

The leading provider of the new world of communications said that it inked the pact in order to support the Cisco Systems Telepresence suite of products on a worldwide basis.

Dimension Data designs, installs and supports Cisco Telepresence in 47 nations.