Financial Daily from THE HINDU group of publications
Saturday, April 20, 2002
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TELECOMMUNICATIONS


MTNL adds 1 lakh cell lines in Mumbai
MAHANAGAR Telephone Nigam Ltd has added around one lakh new fixed line subscribers in Mumbai during the financial year 2001-2002. Interestingly, the company has one lakh cellular service subscribers within just a year of operations of that ... More

BSNL's cellular service in Maharashtra, Goa by Sept 15
BHARAT Sanchar Nigam (BSNL) will introduce its cellular mobile services in Maharashtra and Goa by September 15 of this year. It has provisioned for 1,90,00 lines for the first year of operations, and 3,04,300 lines for its second phase which is ... More

SOFTWARE


Wipro net profit up 32 pc; Q4 revenues down 6 pc
WIPRO on Friday issued a cautious guidance after posting a lower-than-expected fourth-quarter profit and a 32 per cent growth in net profit for the year ended March 31, 2002. The annual profit stood at Rs 885.4 crore on revenues of Rs 3,492.6 ... More

Wipro: Glitches on the screen
THE fourth-quarter ended March 31, 2002 has turned out to be a disappointing one for Wipro's flagship Global IT Services division. This division managed to barely achieve the revenue projections of $120 million made for the fourth-quarter, ... More

GTL profit slumps to Rs 31.55 crore
GTL Ltd has reported a 61.91 per cent drop in net profit at Rs 31.55 crore in the fourth quarter as compared to Rs 82.83 crore reported for the corresponding quarter of the previous year. The slump in its performance both for the quarter as ... More

IT TRAINING


Madras varsity, SSI join hands
CHENNAI: SSI Ltd and the University of Madras will together offer a six-month information technology training programme, ``Certificate Course in IT Skills''. According to a press release from SSI, the company has entered into an ... More

INDUSTRY ASSOCIATIONS


IT industry urges Bengal Govt to drop surcharge on sales tax
THE Computer Association of Eastern India (Compass), whose members account for over 70 per cent - or over Rs 560 crore annually in monetary terms - of the IT hardware trade in the eastern region, has appealed to the West Bengal Government ... More

MERGERS & ACQUISITIONS


Xansa, TN pact for Rs 234-cr tech park
THE Tamil Nadu Government has entered into an agreement on Friday with Xansa India, a part of Xansa Plc, UK, to set up Rs 234.44 crore Software Technology Park at Siruseri, on the old Mahabalipuram road. According to an official press release, ... More

ISPS


Estel Internet telephony soon
NEW DELHI: Estel Communications Pvt Ltd, a joint venture between Estel group and the US-based Fusion Telecom, has annoucned plans to launch Internet telephony services this week. According to a statement from the company, it is first ... More

VENTURE CAPITAL


July gets $5.5-m first-round funding
BANGALORE: July Systems, the company founded by Mr Ashok Narasimhan and Mr Rajesh T.S. Reddy, to build a wireless superstructure for enabling enterprise wireless data services announced Series A funding of $ 5.5 million. The funding ... More

PERFORMANCE


Decision cycles shrinking: Wipro
WIPRO Ltd sees immediate traction from new clients as decision cycles shrink while pricing pressure is likely to continue for the first half of the current financial year. ``Decisions are being taken now,'' the Chief Financial Officer, Mr ... More

NEW PRODUCTS & SERVICES


Adobe unveils Photoshop 7
ADOBE Systems India has launched the new Adobe Photoshop 7.0 in the country. Photoshop 7.0 software offers a new tool for image-editing tasks. It brings ``customers closer to network publishing'' according to a press release. Users can create ... More

PTC rolls out `Product First' tools
NEW DELHI: Parametric Technology Corporation (PTC), CAD/CAM software developer, has announced new collaborative product development tools for the Indian market as part of its `Product First' business strategy. Company officials said ... More


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Top Stories
Watchdogs on watch


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Apr. 7-Apr. 13
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FII investment in telecom to be outside FDI cap

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

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


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