Monitor

Samsung's fete in HDD market

CHENNAI: Samsung's infotech arm in India has claimed 50 per cent share of hard disk drive (HDD) distribution market in the first six months of this year, with $1.1 million investment. The company said this investment by parent Samsung Electronics Co of Korea, over the last one year, has been made to exclusively support and service its HDD business in India. Samsung will continue to invest heavily in customer service support across the nation, according to Mr. J. S. Jong, Director, Samsung Electronics Indian Information and Telecommunications.

- PTI

Haryana Govt. signs MoU with IBM

CHENNAI: The Haryana Government has announced its foray into the technology sector, by signing a memorandum of understanding with IBM India. The MoU was signed by the IT secretary, Haryana, Mr. Dharam Vir, on behalf of the Society for IT initiative Fund for e-Governance and Mr. Abraham Thomas, Managing Director and CEO, IBM India in the presence of the Haryana Chief Minister Mr. Om Prakash Chautala. The MoU focusses on computerising Government organisations of Haryana, creating skilled manpower, fostering expertise in IT consulting and developing custom applications for e-governance projects, according to a press release from IBM.

Cognizant pact with Coors Brewing

CHENNAI: Cognizant Technology Solutions Corp. has contracted with Coors Brewing company, principal subsidiary of Adolph Coors Company. Cognizant will work with Coors on strategic e-business initiatives which will help Coors collaborate in real-time with its distributor community. The first Cognizant project was the development of CoorsNet which uses e-business platforms.

HDFC Bank ties up with web portal

CHENNAI: HDFC Bank has tied up with web portal 'fileMyReturns.com' to offer online and offline tax returns, advisory and management services to its corporate salary account customers. This tie-up will enable customers to avail themselves of single window taxation service from HDFC Bank. The service available initially in Mumbai, Delhi, Chennai, Bangalore, Ahemdabad and Pune, will be offered to 40 cities next year, according to a release.

Affinity's stake in GA Cements

CHENNAI: The Mauritius-based Affinity Invest-ments holds eight million shares representing 5.16 per cent of the total issues and paid up capital of Gujarat Ambuja Cements. Affinity Investments is holding eight million warrants, each convertible into one equity share at the option of the holder on payment of aggregate price of Rs. 225 per share, GACL informed the Bombay Stock Exchange. The option of conversion of warrants into shares is to be exercised in one or more tranches before September 30, 2002.

- PTI

Send this article to Friends by E-Mail

Section  : Business
Previous : UTI defers decision again on US-64 bailout package
Next     : Preparing for VAT