Nortel Secures $100mn GSM Deal From BSNL

New Delhi: Bharat Sanchar Nigam Ltd has given a $100-million contract to the Canada-based technology major Nortel. BSNL''s GSM project had run into problem after Nokia Siemens rejected to accept the agreement on the grounds that the price offered was too low and the tender conditions were changed after the bids were placed. While Ericsson had assumed to take up part of the 22 million line contract, BSNL has decided to give the remaining part to its existing vendors. The deal with Nortel will enable BSNL to expand its network capacity in South India. India represents a tremendous opportunity for Nortel in the carrier space, with its consistently high growth rates and increasingly mobile population.

HDFC Bank Signs Agreement With Symantec

Mumbai: Private sector lender HDFC Bank has inked a $7.4 million, three-year strategic enterprise agreement with Symantec for IT compliance, enterprise security and storage management solutions. Symantec will also give HDFC Bank with consulting and implementation services. The bank has forayed into this deal with Symantec to enhance the security posture, ensure our data are protected and available and help facilitate our compliance and corporate governance programmes.

Symantec will give security and storage solutions and services. Its IT compliance solution will help the bank to automate and standardise processes for compliance with laws, regulations and frameworks, comprising SOX, Basel-II. Symantec Security Information Manager will give HDFC Bank the ability to automate incident management and event correlation across all security devices, network devices, applications, servers, operating systems and databases. The final layer of solution will be focused on protecting critical network endpoints of HDFC Bank with the integrated Symantec Endpoint Protection and Symantec Network Access Control solutions