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Tekelec appoints new MD for India and SAARC operations

New Delhi, Feb 26 (UNI) Network applications company Tekelec has announced the appointment of Mr Rajesh Kaul as its Managing Director for India and SAARC operations.

Mr Kaul has 15 years of experience in telecom industry at various positions with Lucent, Samsung and Philips Communication.

He has been heading the sales function for Tekelec since last three years. He has over the years established footprint and major deployments for Tekelec products with Tier I operators in the region.

UNI

HOV Services acquires Lason for $148 mln

New Delhi, Feb 26 (UNI) HOV Services, a leading business process outsourcing (BPO) company based in Pune, today said it has acquired US-based Lason, one of the leading providers of BPOs' solutions in the world as its wholly-owned subsidiary for 148 million dollars. The merger will enhance marketing, servicing and delivery footprints to clients worldwide through integration, realignment and cross-selling. Under the agreement, HOV's wholly-owned subsidiary in the US (LLC) will acquire 100 per cent of the outstanding equity securities.....

Proto Infosys to set up Rs 150 cr plant in HP

New Delhi, Feb 26 (UNI) Proto Infosys Ltd today said it will set up a manufacturing facility in Himachal Pradesh for making watergen machine, earthing electrode equipments and dome air from with an investment of Rs 150 crore. For this, the company's Board has proposed to increase the authorised capital to Rs 25 crore from the existing Rs 5.10 crore and issuing securities of Upto Rs 75 crore by GDR issue, a company statement said. The company is also mulling to.....

Prithvi Info allots $50 mln FCCBs to Lehman

New Delhi, Feb 26 (UNI) Software company Prithvi Information Solutions Ltd today said it has allotted zero coupon FCCBs worth 50 million dollar to Europe-based Lehman Brothers International. The bonds, each valuing 1,00,000 dollar, will be due for redemption in 2012 and is convertible at a price of Rs 469.13 each. The proceeds of the FCCB issue will be utilised for the purpose of overseas acquisitions, company's Managing Director V Satish Kumar said. ''We have already identified a few companies.....
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