Financial Daily from THE HINDU group of publications
Friday, May 10, 2002
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TELECOMMUNICATIONS


Corporation Bank, BSNL pact for telephone bills
The bank has signed a memorandum of understanding (MoU) to this effect with the Karnataka Circle of Bharat Sanchar Nigam Ltd (BSNL). According to a Corporation Bank press release issued here today, the MoU was signed by the bank's Deputy ... More

DoT no to change in service obligations -- `Operators can't wish away VPT duties'
THE Department of Telecommunications (DoT) has ruled out any amendments to the guidelines for universal service obligations (USO), as demanded by the private sector basic operators. According to highly placed officials, the present guidelines ... More

Cellular subscriber base crosses 6.7 m -- Bharti accounts for 14 lakh
THE cellular subscriber base in the country has reached 6.7 million, having added over 2.8 lakh additional customers in the month of April 2002. As per the latest estimates of the Cellular Operators Association of India (COAI), the total number ... More

SOFTWARE


Pending insider trading charges -- Silverline move to hike promoter stake stalled
THE Foreign Investment Promotion Board (FIPB) has put on hold Silverline Technologies Ltd's application seeking permission to increase promoters' stake in the company through the preferential allotment route because of the insider trading charges ... More

STPI-H registers 42 pc growth
Satyam Computer and Wipro are among the top exporters, with exports of Rs 363 crore and Rs 339 crore respectively. More

Emerson Network Power revamping strategy
Moving in this direction, ENP is aligning its business along verticals such as telecom, IT (corporate IT networks i.e. LAN, WAN etc), software development centres, computer-managed process control equipments (e.g. automated factories) and medical equ ipment. More

Masibus ties up with Navision for ERP solutions
THE Gandhinagar-based software company, Masibus India, on Thursday announced its tie-up with the Indian arm of the Danish enterprise software firm, Navision. It was on Tuesday that Microsoft announced its offer to buy out Navision for a ... More

Rational, IBM knowledge centre
BANGALORE: Rational Software and IBM have collaborated to create an IBM Knowledge Centre on the Rational Developer Network, says a Rational press release. The centre will help developers, testers and analysts minimise development ... More

INTERNET


Indiaplaza.com unveils travel portal
CHENNAI: Indiaplaza.com, an Internet shopping mall for Indians living in the US, announced the launch of its travel portal — travel.indiaplaza.com. In partnership with Globe Travels, an India-centric and IATA approved consolidator ... More

PUBLIC SECTOR BANKS


Union Bank net at Rs 314 cr
UNION Bank of India has posted a 102 per cent rise in net profit at Rs 314 crore for the year ended March 2002 as compared to Rs 155 crore in the previous year. Addressing presspersons here on Thursday, Mr V Leeladhar, Chairman and Managing ... More

MERGERS & ACQUISITIONS


Unimobile sold to EFI for $2.5 m
THE once-hot wireless messaging start-up,Unimobile, was sold off to the US printing technology firm, Electronics for Imaging (EFI), for $2.5 million in an all-cash deal. The Chairman and CEO, Mr Vasudev Bhandarkar, told Business Line ... More

M-COMMERCE


Wireless solutions — next big wave in the offing
WIRELESS solutions are set to become the next big wave as enterprises begin to adapt to these emerging technologies facilitating anytime-anywhere wireless computing which is technology and device-agnostic. Mr Xie Taoling, Director of Mobile ... More

BROADBAND


ADC to set up testing centre
ADC India, the wholly-owned subsidiary of ADC, the broadband company is setting up a testing laboratory as part of its upcoming development centre in Bangalore. The testing lab was expected to be operational by early June, said Mr Michael Day, ... More

TRENDS


Debtor days: A few cos have a grip
IF new business is hard to come by, one way to sustain yourself is to ensure that existing business pays you enough and quickly. Companies that have turned in impressive growth in the software sector seem to have done just that. A look at ... More
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Top Stories
Debtor days: A few cos have a grip


First year after sell-off to Sterlite -- Strike, power shave Balco profit

For making good shortfall in assured schemes -- Development fund is guarantor, UTI told

Cellular subscriber base crosses 6.7 m -- Bharti accounts for 14 lakh

`Banking industry in peril, wages can wait'

Karnataka, AP spat over paring tobacco output -- Centre sends emissary to probe board affairs

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Apr. 28-May. 4
DoT, FIs may oppose Batata-BPL merger

Lisle plans stake in 2 software cos -- `Partner network is win-win model'

Satyam to recruit more, foray into BPO

`Software, services exports up 29 pc'

The ebb-flow match continues for IT cos


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