Financial Daily from THE HINDU group of publications
Wednesday, April 24, 2002
Markets (April 23)
BL 2501141.84 (+3.92)
BSE Sensex3403.82 (+13.57)
S&P CNX Nifty1106 (+1.85)
Dollar (Buy/Sell)48.94/49.07
Gold Std (10 gm)5050 (-10)

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ANNOUNCEMENTS


Virtusa to invest $1.5 m
HYDERABAD: Virtusa Corporation, formerly eRUNWAY, Inc, a US-based company providing technology innovation services and having its offices in Hyderabad and Sri Lanka, on Monday launched its global corporate identity. Addressing a video ... More

TELECOMMUNICATIONS


Telcos turn up the volume
Telecom companies are slowly shaking off regulatory curbs. Now's the time to invest and grow. More

DoT alarmed by phone surrenders
ALARMED at the growing number of telephone surrenders across the country - close to 20 lakh - during the past one year, the Department of Telecommunications (DoT) has ordered an enquiry to get at the root of the problem. According to top ... More

AirTel hopes movie stars can do Magic
AIRTEL has decided to follow the time-tested celebrity product endorsement route for its pre-paid cellular card, Magic, by recently signing up film personalities Kareena Kapoor and Shah Rukh Khan and cricketer Saurav Ganguly for its northern ... More

Tata Tele plans Rs 1,000-cr investment over six years
TATA Teleservices Ltd (TTL), which plans to launch its basic telephony service in Karnataka by the third quarter of this year, plans to acquire the optical fibre cable (OFC) network of 200 km laid by one of the five members of the consortium ... More

Basic telephony: Tatas, Hughes resume talks
THE Tatas and the Hughes groups are in talks again over a possible alliance in basic telephony services, three months after their talks were called off in January, and eight months after their first MoU for this purpose was signed in August ... More

Cheaper calls to Gulf, courtesy Sabeer Bhatia
IT may well turn out to be a case of Kerala calling the Gulf in quite a unique manner. That is, if the regulatory authorities in the Gulf allow Mr Sabeer Bhatia of Hotmail fame to set up one end of his new business matrix there. For the ... More

Telecom battle hots up
With Touchtel, the basic telephone service brand from Bharti Telenet, starting operations in Chennai and other private operators such as Tata Teleservices soon to follow, the public sector Bharat Sanchar Nigam Ltd (BSNL) is readying to take on ... More

STOCKS


Hopes of growth potential boost second-rung IT stocks
THE second-rung IT stocks have been moving upwards in the last few trading sessions on good earnings guidance given by some of the companies. Analysts said there is good growth potential in the second-rung IT companies over the top-rung ... More

SOFTWARE


HCL Tech Q3 net up 2 pc -- Other income doubles to Rs 41.3 cr
A SPURT in other income and revenues from newly acquired businesses helped software major, HCL Technologies Ltd, show marginally improved financial for the third quarter ended March, 31, 2002 over the same period last year. The company declined ... More

Embedded — and worth the fuss
IN the world of software development, the industry can be divided into three large sectors: embedded systems/network-connected devices, infrastructure, and e-business systems. Would it surprise you to know that both of the first two sectors ... More

Concerto plans to invest $3 m more
CONCERTO Software, a provider of customer interaction management (CIM) solutions for call centres, is planning to invest $3 million more in its Indian operations by end-2003. It has already invested about $2 million over last few years. Mr ... More

Cerebra eyeing healthcare segment
BANGALORE: Cerebra Integrated Technologies Ltd, the Bangalore-based hardware and software solutions provider, is planning to transform its healthcare line of business into a full-fledged strategic business unit (SBU) shortly, said the ... More

INTERNET


From the kitchen to the keyboard
FROM the kitchen to the keyboard. That's the transition that women in the home are finding it possible to make, thanks to the help they're getting from the new world of information and communication technologies (ICTs). ICTs are helping ... More

The elusive handshake
In the world of Web services, making software/applications speak to each other is poised to be the biggest challenge facing software developers. More

IT TRAINING


Progress report
PROF M. Anandakrishnan, former Vice-Chancellor of Anna University, was involved in the Tamil Nadu Government's IT education project for government schools. He shares his views on the project with eWorld through e-mail. What, in ... More

ALLIANCES & JOINT VENTURES


MRO-Tek eyeing Malaysia venture
LAST-mile access provider and network designer MRO-Tek Ltd plans to set up a joint venture in Malaysia in ``two-three months'' to cater to the south-east Asian markets, its Chairman, Mr S. Narayanan, has said. MRO was in talks with Malaysian ... More

  • Avinash Agencies signs pact with US firm

    E-COMMERCE & E-BUSINESS


    Hot business for ITC coffee Web
    THE Internet initiative for coffee trading, started by the ITC International Business Division (ITC-IBD) in Karnataka, has evoked good response with over 500 tonnes of coffee, worth Rs 2 crore, being sold through the facility within one month of ... More

    ISPS


    Tata Tele mulls single-face presence for ISP
    TATA Teleservices, the fixed line services provider, plans a ``single face presence'' for its Internet service business, managing director, Mr S. Ramakrishnan said. Tata Teleservices merged with itself the group's ISP arm Tata Nova and also ... More

    E-GOVERNANCE


    Time to cross the bridge
    IT skills are not just for the elite. Now, the folks from those islands of helplessness have a chance to join the mainstream. eWorld catches up with a State Government's initiative to chase away the dark clouds. More

    EVENTS


    An event by any name...
    IT meets can't risk appearing too `regional'. Also, the arrangements must be such that participants don't turn their back on invitations the next time around. More

    IT-ENABLED SERVICES


    The magic number is 150 or less
    Call centres don't have to be 1000-seat capacity and above. Small and competent centres are best. Further, B and C cities are emerging promising locations, say industry watchers. More

    OUTLOOK


    CCS Info eyeing Rs 50-cr turnover
    CHENNAI: The city-based CCS Infotech Ltd, will target a turnover of around Rs 50 crore for the year 2002-03. The company is likely to close the fiscal year 2001-02 with a turnover of around Rs 40 crore and the unaudited results for the ... More

    TRENDS


    It's a wireless world
    TO be connected and to be wireless — that is the promise of the wireless world. As the world goes wireless, the new wave of wireless products and services that are visualised boggles the mind. Yet, there is debate on the technology that ... More

    The Other Divides
    The discrimination is between those with a computer and those without, right? Not fully! There's digital discrimination among the haves too that needs to be addressed. More

    NEW PRODUCTS & SERVICES


    Zintec unveils TV set-top box
    ZINTEC Software, the embedded software products company has announced the launch of its digital television set top box for the global home entertainment market. The set top box developed completely at Zintec's Hyderabad facility, is the first ... More

    Computer Associates launches corporate security solution
    COMPUTER Associates International Inc, the US-based software products and services major, on Monday announced the launch of a `ground-breaking' enterprise security solution that delivers a new line of defense against potential attacks, theft, ... More


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  • Top Stories
    Wearing health on your sleeve


    Oriental Insurance set to restructure workforce

    New routes for tax evasion -- Debt tools misuse under scrutiny

    Govt move on curbing rubber import fails -- Over 40,000 tonnes shipped into the country

    DoT alarmed by phone surrenders

    India tops list in launching anti-dumping probes

    Reliance Q4 net dips 11.5% to Rs 672 cr

    HCL Tech Q3 net up 2 pc -- Other income doubles to Rs 41.3 cr

    In Depth
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    Guide to derivatives
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    Apr. 14-Apr. 20
    UN launches e-mail news service

    `Mahajan effect' speeds up village telephony

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    Satyam Info limited access may cost more

    Assured returns to foreign investors -- DoT pushing for further amendments to Cos Act

    Wipro net profit up 32 pc; Q4 revenues down 6 pc

    Xansa, TN pact for Rs 234-cr tech park


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