Monitor

Thermax ESOP for senior executives

MUMBAI: Thermax plans to issue 5 per cent of its equity capital as employee stock option scheme (ESOP) to its senior executives. The company informed the Bombay Stock Exchange that it had obtained shareholders approval for the ESOP. Details of the plan, including the issue price, would be worked out by a committee appointed by the board, it added.

- PTI

D-Link's investment plans

HYDERABAD: The Mumbai based D-Link (India) plans to invest about Rs. 55 crores in expansion activity this year, including Rs. 29 crores for a project for developing software related to networking products. Two more surface mount technology (SMT) lines are to be added in its Goa plant. The company manufactures 10,000 hubs, 20,000 modems, 50,000 NICs, and Rs. 1.50 crore worth structured cabling a month.

Telemail for corporates

MUMBAI: Speech & Software Technologies Pvt. Ltd. (SST), a Tata group company, has introduced `Telemail', targeting corporates. ``Telemail increases the flexibility of communicating through the web by enabling human voice to act as an e-mail browser and allows the individual to receive and reply to e-mail messages from any telephone instrument (fixed or mobile)", SST president, Mr. Prakash Shukla, said. The product, which was priced at Rs. 2.50 lakhs with a 50 user licence, recognises, acts and responds to voice commands, he said.

- PTI

Dr. Reddy's arm forms advisory board

HYDERABAD: Reddy U.S. Therapeutics Inc, a biopharmaceutical subsidiary of Dr. Reddy's Laboratories based in Atlanta, has formed a scientific advisory board to advise on its drug discovery research and development programmes. According to a company release, the members of the board are Dr. Ira J. Goldberg of Columbia University, Dr. Sampath Parthasarathy of Emory University and Dr. Noboyu Maeda of University of North Carolina.

Crossdomain's Bangalore facility

BANGALORE: Crossdomain Solutions Pvt. Ltd., leading business process outsourcing (BPO) company in India, inaugurated its state-of-the-art facility here. The new office was inaugurated by Mr. Nandan Nilekani, managing director, Infosys Technologies. Mr. L. S. Ram, executive director, Crossdomain Solutions, said, there was phenomenal excitement in the BPO segment and their domain expertise and management was well poised to take them into the global competitive arena.

- PTI

Indo-Fuji in pact with 2 firms

CHENNAI: The Bangalore-based Indo-Fuji Information Technologies, preferred partner of Fujistu, Japan has entered into alliances with Tata Infotech as its implementation partner and India Satcom as its marketing partner for System Walker, an enterprise system management software of Fujistu. Indo-Fuji has signed a memorandum of understanding (MoU) with Tata Infotech for implementation, service and support and India Satcom in this regard, says a release.

Way2wealth starts Kochi operations

KOCHI: Way2wealth Securities Private Ltd, the Bangalore-based retail investments advisory, launched its operations in Kochi. The company aims to be a one-stop financial shop to offer personalised, need-based investment advice to retail investors with emphasis on long-term wealth creation, according to a release. The company's product offerings include mutual funds, fixed deposits, IPOs and bonds in the primary market in addition to equity and derivatives trading in the secondary market.

- PTI

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Section  : Business
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