Financial Daily from THE HINDU group of publications
Saturday, April 27, 2002
Markets (April 26)
BL 2501131.14 (-2.90)
BSE Sensex3371.70 (+12.06)
S&P CNX Nifty1097.40 (+3.10)
Dollar (Buy/Sell)48.93/49.06
Gold Std (10 gm)5135 (+45)

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PREFERENTIAL ALLOTMENTS


Himachal Futuristic to place $100 m privately -- Promoters to hike holding via pref offer
IN a bid to augment its funds position and retire high-cost rupee borrowings, Himachal Futuristic Communications Ltd (HFCL) has decided to tap both the domestic and overseas capital markets before the second quarter of current fiscal year. HFCL ... More

TELECOMMUNICATIONS


Removal of phones from 1/6 criteria to reverse surrenders
THE removal of fixed telephone connections from the 1/6 scheme for filing of income-tax returns, as announced by the Finance Minister is expected to slow down the large-scale surrender of telephone connections - totalling 20 lakh over the past ... More

TN: `197' enquiry service partially franchised
CHENNAI Telephones has franchised to a private operator `197' directory enquiry services to handle calls between 7 pm and 7 am. According to the Chief General Manager of Chennai Telephones, Mr K. Venkataramani, depending on the traffic ... More

Bharti slashes airtime rates
BHARTI Mobile Ltd has announced a drop in airtime rates for AirTel and Magic customers in Karnataka, with effect from April 26. Monthly rentals for the `executive lifestyle' and `premium lifestyle' plans have also come down. `Leisure lifestyle' ... More

HARDWARE


Philips plans to source PC monitors from India
To take advantage of the boom in the cellular phone market, Philips will be launching more cellular phones in Apil. More

SOFTWARE


Linc to market SSA Global product
THE Bangalore-based Linc Software has announced an agreement with SSA Global Technologies of the US to sell, market and support its BPCS MAX ERP product for the SME segment in India. Linc is a long time SSA affiliate and has been marketing the ... More

INTERNET


Electrolux online services for dealers
NEW DELHI: Electrolux Kelvinator Ltd (EKL), partnering with CxK Networks Ltd, has launched an Internet-based white goods dealer community — Electrolux Dealer Universe (EDU). An online service, EDU will be a virtual community of ... More

MERGERS & ACQUISITIONS


Ivega in talks to acquire three US cos
IVEGA, the Bangalore-based software services and consulting firm is planning acquisitions in the US. The company is presently in talks with three companies, whose revenues are in the range of $30-40 million, said Mr Giri Devanur, Chairman and ... More

IT-ENABLED SERVICES


DoT permits bandwidth sharing by call centres
THE Ministry of Telecom and IT has permitted sharing of bandwidth for disaster recovery and mission critical applications between multiple entities — a move that will help call centres and other IT-enabled service (ITES) providers. The ... More

NEW PRODUCTS & SERVICES


CleverPath — a tool to deploy high-value portals effectively
COMPUTER Associates International Inc (CAI), has announced the launch of its advanced solution for providing aggregated, Web-based access to diverse enterprise content and applications leveraging its CleverPath portal 4.0 solution. The Chief ... More

IBM unveils new server
CHENNAI: IBM India on Friday announced a new, Intel processor-based server. Company officials said that the new server - titled IBM eServer x440 - combines IBM's technology that has accumulated over years of building mainframes, ... More

RPG Cellular Jus'SmS railway enquiry
CHENNAI: RPG Cellular has launched its Jus'SmS Railway Enquiry service, which will provide its subscribers the facility to get through SMS information on seat availability, train details between two stations and PNR status. RPG is ... More


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