Corporate Annoucements

Listing of equity shares of GSS America Infotech Ltd
Trading Members of the Exchange are hereby informed that effective from March 07, 2008, the equity shares of GSS America Infotech Ltd (Scrip Code: 532951) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

Sundaram Clayton - Updates on Scheme of Amalgamation
Sundaram Clayton Ltd (SCL) has informed BSE that the Hon'ble High Court of Madras has on February 20, 2008 pronounced the Order sanctioning the Scheme of Arrangement between Sundaram Clayton Ltd (SCL) and Wabco-TVS India Ltd and their respective shareholders and creditors.

GL Hotels - Updates on Open Offer
JM Financial Consultants Pvt Ltd in their capacity as "Manager to the Offer" has issued this Corrigendum to the Public Announcement, which is in continuation of earlier public announcement issued on July 28, 2007 for the acquisition of shares from the public shareholders of GL Hotels Ltd by Dunearn Investments (Mauritius) Pte Ltd ("Acquirer").

Tata Communications & BitGravity Announce Global Strategic Partnership to Address Growing Demand for High-Quality Video over the Internet
Tata Communications Ltd has informed BSE that Tata Communications and BitGravity, Inc, the pioneer in Content Delivery Networks (CDNs) for interactive broadcasting, announced on March 05, 2008 a strategic partnership. Tata Communications will co-brand, resell and jointly market BitGravity’s technology platform worldwide as part of a value-added services offering on top of Tata Global NetworkAs part of the arrangement, Tata Communications, with a global presence in more than 200 countries across 300 PoPs will provide tight integration with BitGravity’s platform and their carrier-grade infrastructure, including collocation and IP-network capacity, and local sales presence in each region for the CDN offering. BitGravity will provide technology and manage the content delivery operation. The service will be sold in Europe and Asia and branded as Tata Communications’ CDN Powered by BitGravity.
BitGravity is an award-winning technology provider in the content delivery space. The company has won numerous awards including DemoGod, LightReading's Service Company of the Year, Digital Hollywood 100, and RedHerring 100. Built on top of BitGravity’s patent-pending routing architecture, BitCast, BitGravity’s services include BitGravity’s High-Definition Service and BG LiveBroadcast, the Internet’s first affordable, high-quality, massively scalable live product.

Satyam inaugurates Global Solutions Center (GSC) in Egypt
Satyam Computer Services Ltd, on March 05, 2008 announced the inauguration of its Global Solutions Center (GSC) in Egypt. The GSC is located in Smart Village, Giza, and will employ about 300 professionals to serve as a major technological development and software support for Satyam's customers in the Middle East, North Africa and European region. As a part of the company's globalization spree, the GSC is Satyam's 28th globally and the 14th in the Asia-Pacific, Middle East, India and Africa region.
The rising IT spend in Egypt, which according to IDC has been projected to grow by 12.4 per cent over the next five years and reach USD 120 million by 2010, has amplified its repute as the next important IT hub in the Middle East and African region. Recognizing the tremendous opportunity amidst the country's growing IT services market, Satyam has identified Egypt as the perfect location for its first GSC in the Middle East and African sub-continent which will serve as a near-shore to the Middle East and North Africa markets and also cater to the BPO, KPO and ITeS needs of European markets due to the availability of European language skills in Egypt.
"Our investments in the Middle East and North African markets are in line with our larger globalization strategy," said B. Rama Raju, Co-founder and CEO of Satyam. We are confident that our investments in the region will also benefit the local economy by way of increased job opportunities for the local population, as we are keen on hiring and training a significant number of locals. The Egyptian Government has been extremely supportive of our expansion plans in the country, and we are committed to giving back something to the Egyptian economy". Raju also pointed out that Satyam is building world-class Global Solution Centres (GSC) across the world, in line with its strategy to strengthen its presence globally.