Financial Daily from THE HINDU group of publications
Friday, January 11, 2002
Markets (Jan. 10)
BL 250994.26 (-10.07)
BSE Sensex3381.96 (-18.93)
S&P CNX Nifty1098.20 (-4.60)
Dollar (Buy/Sell)48.32/48.45
Gold Std(10gm)4730 (+70)

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INFO-TECH

TELECOMMUNICATIONS


Qualcomm may invest $200 m in Reliance Comm
RELIANCE Communication Ltd and Qualcomm Inc, today formally announced that the latter "has committed to invest up to $200 million for a minority stake in the equity capital of RCL". This investment by Qualcomm, the CDMA (code division multiple ... More

HARDWARE


Hardware assns allege neglect
THE electronic hardware manufacturing industry associations have formed a joint council to work towards a favourable policy regime and draw the Government's attention to the ``gross neglect'' of this sector. The formation of this council, ... More

Jebel Ali Free Zone woos Indian IT firms
THE Jebel Ali Free Trade Zone Authority, an independent exclusive zone developed by the Dubai Government, is now wooing Indian IT firms to locate their facilities to leverage the growing business opportunities as also the range of services. ... More

SOFTWARE


Nilekani crowned Infosys CEO -- Narayana Murthy is `Chief Mentor'
MR N.R. Narayana Murthy, one of the founders of Infosys Technologies Ltd, has decided to step down as the Chief Executive Officer, and pass on the baton to the co-founder and COO, Mr Nandan Nilekani. Donning the new cap of Chief Mentor, Mr ... More

Special effects come to Bollywood
IF you raved about Hollywood thrillers like Men In Black, Independence Day and Godzilla, just look out for similar special effects fare from Bollywood soon. Compudyne Winfosys, the Bangalore-based Internet and multimedia ... More

Infosys Q3 net up 2.22 pc over Q2
INFOSYS Technologies has posted a marginal growth of 2.22 per cent in net profit for the third quarter ended December 31, 2001, compared to July-September 2001. Total income went up 1.64 per cent for sequential quarters. Net profit for the ... More

Infosys in Q3: No surprises
THE earnings performance of Infosys Technologies for the third quarter ended December 31, 2001 has been in line with the management guidance provided at the end of the second quarter. Following the September 11 attacks on the US, this quarter ... More

Infosys facing pricing pressure
PRICING pressure from existing as well as new customers continues in a depressed market environment even as Infosys Technologies Ltd reported 3.4 per cent volume growth, the COO, Mr Nandan Nilekani, said. Infosys' volume growth in the ... More

i-flex-ebz Online software for co-ops
I-FLEX Solutions Ltd and the Pune-based software company, ebz Online, have announced a tie-up by which i-flex's flagship banking product, FLEXCUBE, will be available on rent to cooperative banks. The tie-up will make FLEXCUBE, a product in use ... More

Aztec Q3 net falls 80 pc
AZTEC Software and Technology Services Ltd (Aztec) today reported a decline of 80 per cent in net profit and 34 per cent in income for the quarter-ending December 31, 2001 over the previous sequential quarter. The company reported a net profit of ... More

Exult Inc deal with Hexaware, HCL
BANGALORE: In what probably might be the biggest deal so far in the IT outsourcing business, Exult Inc, a market leader in HR business process outsourcing has selected two providers, Hexaware and HCL Technologies as providers of ... More

  • Digital GlobalSoft gets new Chairman

    INTERNET


    Sugartrade.com ties up with MDEX -- MoU to develop futures exchange
    THE sugar industry's most visible Web site, sugartrade.com, promoted by the Mumbai-based e-commodities Ltd, has joined hands with Malaysia Derivatives Exchange Bhd (MDEX) for developing its sugar futures exchange. Last December, sugartrade.com ... More

    Sugaronline.com changes hands
    KOLKOTA: THE world's most sought-after sugar portal, the UK-based sugaronline.com of Commodity Systems Ltd, which was up for liquidation, has changed hands. It has been acquired by Milecourt Ltd, a UK-based private venture capital company, ... More

    IT TRAINING


    Kerala to launch IT literacy mission
    As part of the total computer literacy programme in the State, the Kerala Government is set to launch an information technology study project in all the high schools. Styled "IT@school'', the project would be introduced in the Eighth standard ... More

    Arena multimedia academy in Delhi
    NEW DELHI: Arena Multimedia, a division of IT Training and education major Aptech Ltd has launched the Arena Animation Academy, a special animation training centre for digital entertainment in Delhi. According to Mr Sudhir Mathur, ... More

    STOCK MARKETS


    CMC, Digital weather the storm -- IT stocks, big losers in 2001
    BUCKLING under global recessionary pressures, technology scrips were the worst affected in 2001, mainly due to a slowdown in the US economy. The chain of events that contributed to a virtual free fall in the prices of IT scrips started with the ... More

    NEW PRODUCTS & SERVICES


    Compaq launches 2 notebooks
    BANGALORE: Compaq Computers has launched two new slim and light notebooks -- Evo N200 and Evo N600c -- in the Indian market. Evo N200 is a lightweight machine, weighing 1.13 kg and can operate for over six and a half hours without ... More

    TRENDS


    Police vigil on data processing centres
    THE mad rush for data processing work is evident from the collections made by these companies from the public. Lured by the idea of quick money at a time when the unemployment rate is high, thousands of people have invested huge sums for taking ... More

    EVENTS


    IT officials for reforms in Govt, financial sectors
    THE Information Technology Secretaries of Tamil Nadu and Karnataka, respectively, Mr Vivek Harinarain and Mr Vivek Kulkarni, stressed the immediate need for major structural reforms in the Government sector and sought acceleration of second ... More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    Kerala to launch IT literacy mission


    Hardware assns allege neglect

    General insurers' body rejects VRS for officers

    Nilekani crowned Infosys CEO -- Narayana Murthy is `Chief Mentor'

    Indian S&T: Looking ahead

    Infosys Q3 net up 2.22 pc over Q2

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Dec. 30-Jan. 5
    Venture funds eyeing new business areas

    Naidu on mission to e-enable rural masses


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