Financial Daily from THE HINDU group of publications
Saturday, June 15, 2002
Markets (June 14)
BL 2501155.86 (+4.87)
BSE Sensex3312.07 (+0.91)
S&P CNX Nifty1085.70 (+2.85)
Dollar (Buy/Sell)48.96/49.09
Gold Std (10 gm)5230

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POLICY


Karnataka Govt to tap Mangalore's IT potential
THE Karnataka Government is taking steps to transform Mangalore as the next `IT destination' after Bangalore, according to the State Minister for Information Technology, Mr B.K. Chandrashekar. The entire Dakshina Kannada region has earned Rs ... More

Bengal plans promo outfit for IT sector
THE West Bengal Government is considering the setting up of an investment promotion and marketing outfit to specifically promote investment in the State's IT sector. Stating this during an interface with members of the Bengal Chamber of ... More

STOCKS


Aftek Info moves up on acquisition talk
AFTEK Infosys has moved up almost 17 per cent on the bourses since end-May on reports of the company acquiring a German firm. The cost of acquisition is said to be to the tune of $12 million. The German company is into embedded systems and ... More

TAXATION


Bytes of relief
A recent ruling that data processing is manufacture should come as a respite to computer service providers, says T. C. A. Ramanujam More

SOFTWARE


Infosys ties up with ADA for defence software: Exclusive team to market Autolay
SOFTWARE major Infosys Technologies Ltd is expected to set up a separate team of 15-20 professionals to upgrade, add more features and market the Autolay software product, which it has acquired from the Aeronautical Development Agency ... More

Dell forays into software -- On hiring spree
DELL International Services in Bangalore, the call centre arm of Dell computers, has made a quiet foray into software development and hardware product design for its parent to use globally. The Vice-President, Mr Mohan Kharbanda, said, ... More

INTERNET


`Kalamania' grips cyberspace
WITH the news of Dr A.P.J. Abdul Kalam heading towards the Presidency, "Kalamania" has hit the Internet. Students of astrophysics, researchers, IIT undergrads, calling "the missile man" their idol, are hitting the Net, looking for his e-mail ... More

indya.com halts e-mail services
INDYA.COM, the Star-owned horizontal portal, is withdrawing its e-mail services with effect from June 15. The portal has put out a message which says, ``We recently conducted a survey on the indya.com e-mail service. After pooling the results, ... More

ISPS


Keltron gets ready for Net services foray
THE public sector Kerala State Electronics Development Corporation (Keltron) is set to become an Internet service provider after it signed an agreement to the effect with the Department of Telecommunications (DoT) in New Delhi on Friday. This ... More

VENTURE CAPITAL


PortalPlayer gets $42-m funding in 4th round
PORTALPLAYER Inc, which has an Indian subsidiary — PortalPlayer Pvt Ltd, with a development centre at Hyderabad, has received fresh fund of $42 million, as a part of its fourth round of funding even during the relatively depressed ... More

IT-ENABLED SERVICES


Jay Shree Tea to set up call centre in Kolkata
JAY Shree Tea & Industries Ltd, a multi-unit and diversified B.K. Birla group company, is setting up a 120-seater call centre here. The initial capital investment for the project has been pegged at Rs 10 crore. The foray into IT-enabled ... More

MphasiS mulls overseas listing
MPHASIS BFL Ltd, the $65-million IT service firm, which has drawn up expansion plans, is studying the possibility of listing overseas once the market conditions drift back to normalcy. The Chairman and Chief Executive Officer of MphasiS BFL, Mr ... More

AP Govt in pact with ITES trainers
TO build on the business potential in the emerging IT- enabled services sector, the Andhra Pradesh Government which has already established a Virtual University, has entered into agreements with two IT trainers — NIIT SmartServe and Hero ... More

OUTLOOK


Hexaware hopes to break even this year
HEXAWARE Technologies Ltd hopes to break even this year, compared to a net loss of $7.5 million on revenue (globally) of $52 million last year. ``We expect to report around $54 million in revenue and a marginal profit this year,'' the ... More

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