Month: December 2007

Subex Azure has informed us that it will be deploying its concilia interconnect billing system at one of the largest telecommunications providers in Turkey.

The company was embarking on a transformation of its customer care and billing system, including national and international interconnection systems, and also wanted to implement best value routing. It decided to go with Nokia siemens networks as the main systems integrator for the customer care and billing system project after a detailed evaluation period. The company, along with its local partner gantek technologies, was included in the overall solution presented.

After Edelweiss, IndiaInfoline board has informed that they will venture into Mutual Fund business and the board has also approved of setting up an Asset Management Company for the same. The board has decided to increase the limits for investments / loans and guarantees upto a maximum amount of Rs 2,000 crore.

Union Bank of India is also seeking entry into the mutual fund market and may most probably tie-up with someone to sell Mutual Funds and related products to its banking customers.

HDIL just a while ago informed us that a new venture will offer films through its multiplexes and will have a range of gaming centres with food court that will be managed by Broadway. HDIL will set up its first Broadway theatre in Vasai, a Mumbai suburb. This will be followed with the opening of the Broadway entertainment centre at Kandivli somewhere around mid-January next year. The multiplex will have four screens by the end of the current fiscal.

HDIL is also scouting for acquisition in the theatre chain business and talks are on with various firms in the industry

NASSCOM the association of IT and ITeS companies who have built the Indian IT industry on labor arbitrage is back with a begging bowl at the doorsteps of Finance Ministry.

Without any doubt one should appreciate the building of IT as an industry, however, lack of vision by leaders to survive the point of inflection doesn’t have to end with a begging bowl filled with wishes of tax incentives. [PDF] Have some Fuc*ing ego and start building innovative products as Andy has rightly said, “Only the Paranoid Survive”.

SEBI informed us about the introduction of the following new products in derivatives segment. The following are proposed and suggestions may directly be sent to SEBI

1.Mini Contracts in Equity Indices
2. Options Contracts with Longer Life/Tenure
3. Volatility Index and F&O Contracts
4. Options on Futures
5. Bond Index and F&O Contracts
6. Exchange-traded Currency (Foreign Exchange) F&O Contracts
7. Exchange-traded products to cater to different investment strategies

Read SEBI’s entire proposal here. [PDF]