Monitor

Siemens to invest $1.5 billion in Asia

BEIJING: German telecom giant, Siemens will invest $1.5 billion in Asia by the year 2003, in a bid to exploit the largest potential market for mobile business solutions, a senior company official said. The investment plan was announced here by the president of Siemens Information and Communication mobile group, Mr. Rudi Lamprecht. This will be the largest investment of its kind by Siemens in Asia.

- PTI

MTNL pact with American Express

NEW DELHI: Mahanagar Telephone Nigam (MTNL) and American Express Travel Related Services entered into an alliance on Tuesday for India's first co-branded telecom credit card - MTNL American Express credit card. The credit card would offer consumers a credit of 1.7 per cent on phone charges billed to the card each year. The card also provides members the convenience of charging their phone bills to the co-branded card with no service charge, together with preferential access to MTNL services.

- PTI

Bitech acquires Transworld Solutions

CHENNAI: BITECH is acquiring Transworld Solutions of the U.S to provide impetus to e-com projects execution in Europe and the U.S. To start with, the company would focus in West Asia and the Far East to execute offshore development projects.

- Our Corporate Bureau

Compunnel Software on expansion drive

NEW DELHI: Compunnel Software has said it would dilute 15 per cent stake to financial institutions (FIs) for raising $6 million to fund its expansion plans including setting up overseas development centres and marketing arms. ``We are currently negotiating with various FIs and expect the deal to come through by mid-July,'' Mr. Rajiv Savara, vice president said.

- PTI

Dowell Tech's new software product

CHENNAI: Dowell Technologies, a software consulting firm, has launched its premium product `aroma' developed inhouse. This integrated product with sub-systems of HR, time & attendance and payroll, has been designed and developed on the latest web- technology with internet/intranet features enabled, for easier work flow across the organisation, according to a company release. The product presentation was made at the recent meeting of the National Institute of Personal Management held in Chennai.

- Our Corporate Bureau

Website for jobcurry.com

CHENNAI: Jobcurry Systems Private Limited, formerly Scott Systems Private Limited, has announced the restructuring of its business. The company's product www.jobcurry.com is a web-enabled IT recruitment engine that also provides back end support to complete the recruitment cycle.

- Our Corporate Bureau

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