Financial Daily from THE HINDU group of publications
Thursday, April 11, 2002
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OUTSOURCING


Global Vantedge bullish on India operations
OUTSOURCING company Global Vantedge on Wednesday announced setting up of operations in the country's nascent business process outsourcing market, with bulk of its $8 million equity capital coming from venture funding firm ChrysCapital. The ... More

TELECOMMUNICATIONS


FII investment in telecom to be outside FDI cap
IN a significant decision that should give a boost to telecom companies starved of funds, the Government proposes to exclude FII investments from the 49 per cent FDI sectoral cap that is currently applicable. According to official sources, a ... More

Limited mobility: WiLL it work?
MUCH has been happening with Wireless in Local Loop. The Telecom Dispute Settlement Appellate Tribunal (TDSAT) has rejected the petition of the Cellular Operators Association of India (COAI) and permitted basic telecom service providers to offer ... More

Tata Tele unveils Rs 8,250-cr plan
TATA Teleservices Ltd, the private basic telecom services provider, today unveiled its larger footprint plans, which includes an investment of Rs 8,250 crore with major portion of funds sourced from its group companies. The telecom major, part ... More

Kerala: Gift offer from Escotel
KOCHI: Escotel, one of the leading cellular operators in the country, has announced the launch of Smartfone InstaCard and an attractive gift offer as part of Vishu celebrations. As per the offer, all those who buy a new Smartfone ... More

SOFTWARE


Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total
SOFTWARE major Infosys Technologies beat its revenue target for 2001-02 by registering a growth of 37 per cent over the previous year, while its net profit surged by 28.5 per cent. The company clocked a net profit of Rs 807.96 crore on an ... More

Infosys' guidance: Few surprises
THE widely-awaited management guidance of Infosys Technologies for the year 2002-03 has finally been announced. And, there were few surprises in store as the revenue guidance more or less confirmed analysts' expectations and market speculation ... More

MphasiS sees 25 pc growth
MPHASIS BFL expects its call centre subsidiary to grow by 50 per cent in the June quarter of the financial year 2002-03, the Chairman, Mr Jerry Rao, told analysts on a post-earnings call. The company forecast a ``modest, but definite growth'' in ... More

Infy forecasts growth of 18-22 pc in 2002-03
SOFTWARE consulting firm Infosys Technologies Ltd expects to report revenue between Rs 3,085 crore and Rs 3,170 crore for the financial year 2002-03, up 18-22 per cent over last year's topline. Earnings per share is expected to be between Rs ... More

Fortune Info posts profit
HYDERABAD: Fortune Informatics Ltd has recorded revenues of Rs 1.55 crore and a net profit of Rs 67 lakh for the quarter ended March 31, 2002 as against a loss of Rs 70 lakh during the corresponding period last year. For the fiscal ... More

Mastek Group posts increase in Q3 net
MUMBAI: Mastek Group has announced a sharp rise in net profit of Rs 10.53 crore for its third quarter ended March 31, 2002 comapred to Rs 0.11 crore recorded in the corresponding period last year. The total income stood at Rs 71.58 crore, ... More

MERGERS & ACQUISITIONS


Opus joins hands with HDFC and Flexcel for ASP
OPUS Software Solutions, a Pune-based financial solutions provider, has entered into an alliance with the Housing Development Finance Corporation and i-flex joint venture company, Flexcel, to offer application service provider (ASP) services for ... More

Nihar, Genesys merger awaits court nod
NIHAR Infoway Ltd, the Hyderabad-based Web services firm, has announced moves to merge the company's operations with that of Genesys Securities Ltd, effective January 1, 2002. The amalgamation is subject to the Andhra Pradesh High Court ... More

SECURITY


Servion targeting `security' space
THE September 11 attack on the US has created new business opportunities for Indian IT companies, especially in the area of security. Some of the security-related projects may be the first of its kind in that country, and a few Indian firms have ... More

ISPS


Sify to merge consumer businesses
SATYAM Infoway Ltd has announced that its consumer businesses are being merged into a single consumer business division starting May this year. Mr Shrikant Joshi, designated Vice-President, Access Media, will be responsible for running and ... More

E-GOVERNANCE


High-tech snooper to keep tabs on shirking AP Govt employees
THERE is good news for millions of Indians availing themselves the services of Government departments, and perhaps not-so-good news for thousands of Government employees across the country as days of laidback work-style seem to be over. Scenes ... More

Kerala State Planning Board plans for e-governance
THE Kerala State Planning Board has recommended an action plan for implementing e-governance in the higher echelons of the State administration. Announcing this, the Vice-Chairman of the Planning Board, Mr V. Ramachandran, told newspersons ... More

IPOS


Hathway Bhawani awaits SEBI nod
MUMBAI: Hathway Bhawani Cabletel & Datacom Ltd, a part of the Rajan Raheja Group, is floating a public issue offering 16 lakh shares of Rs 10 each for cash at a price of Rs 20 per share aggregating to Rs 3.20 crore. The company is in the ... More

OUTLOOK


Global Solutions upbeat on outlook
THE city-based Servion Global Solutions is expecting a 100 per cent CAGR (compounded annual growth rate) during the next three years. The company reported a turnover of $7.5 million for the fiscal ended March 31, 2001, and is yet to announce its ... More
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Top Stories
Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised


Infy forecasts growth of 18-22 pc in 2002-03

High-tech snooper to keep tabs on shirking AP Govt employees

Morgan Stanley leads in investment banking: Study

FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Mar. 31-Apr. 6
Murugappa group plans new co for IT services

BSNL cuts ISD rates

Hardware players upbeat on modified EHTP norms

Wearable computing no longer sci-fi stuff

Wipro, IBM in pact to expand in server space -- Target markets in India, Asia-Pacific

Here comes the virtual video store

Electronics export up 37 pc


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