Kay Pee International to pick up 9% in Jindal Online
Singapore-based Kay Pee International plans to acquire 4,50,000 shares of Jindal Online.com Ltd. Jindal Online is an Internet service provider in Gujarat. Priced at Rs 290 per share, the equity placed with Kay Pee International will aggregate to approximately a 9 per cent take. Jindal Online.com Ltd provides Internet and Internet-related services like Dial-up internet access services, leased line services, Internet access centers, corporate network solutions, web hosting and designing solutions. Kay Pee International is a Singapore Based company providing various Internet technology related equipment.Alopa ties up with Terayon Communication Systems
Alopa Networks, a Silicon Valley company, has announced a strategic tie-up with Terayon Communication Systems Inc, a leading worldwide supplier of carrier-class voice, data and video broadband networking solutions, to deliver highly-touted differentiating services to service the startup company. Alopa and Terayon are working together to facilitate the delivery of an all-including solution for providing services and self-provisioning capabilities that MSO's require, an Alopa release said on Monday.
Convergence Bill to get parliamentary clearance in winter sessionInformation Technology and Parliamentary Affairs Minister Mr Pramod Mahajan, has reiterated that the Communication Convergence Bill would get the Parliament clearance in the winter session this year. Speaking in-camera during his meeting with secretaries of several ministries in New Delhi on Monday, Mr Mahajan said the Bill should be introduced in the forthcoming Budget session of Parliament. After that, it will be forwarded to the select committee, which will take about two months to give its approval. Only then, will the Bill go back to Parliament for final approval. Mr Mahajan held the meeting on Monday to discuss the broad agenda of the forthcoming Budget session.
Coface launches global insurance rating for B2B on the Web
Coface India Credit Management Services Pvt Ltd, a wholly-owned subsidiary of the Coface group, leading export credit insurer in France, on Monday launched +@ rating+ (pronounced +at rating+) in India, the first global insurable rating for B2B on the Web. Coface has signed a partnership agreement with Export Credit Guarantee Corporation (ECGC), which recently joined the credit alliance network, a network of 48 credit insurers all over the world. The Group managing director, Mr Jerome Cazes, told newsmen here that Coface was in discussions with other potential partners and would shortly sign an MoU with HDFC Bank.
Shapre Global unveils `MarketMap'
The Chennai-based Shapre Global Info Services Ltd has launched `MarketMap', a geographic information system. The product contains map data for national, state, district, taluk and village levels and has demographic information for over six lakh villages in India. "With MarketMap anyone who requires to map his target market in India and also assess the potential for his products and services need not grope in the dark. It is a powerful tool for those looking at particularly rural and semi-urban markets", said Mr M C Ramkumar, chief operating officer, of the company in a press release.
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