Financial Daily from THE HINDU group of publications
Friday, June 21, 2002
Markets (June 20)
BL 2501137.87 (+5.06)
BSE Sensex3264.02 (+21.76)
S&P CNX Nifty1070.05 (+7.15)
Dollar (Buy/Sell)48.87/49.00
Gold Std (10 gm)5280

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INFO-TECH

OVERSEAS BORROWINGS


Silverline to raise $35 m overseas
To meet the immediate and long-term corporate objectives, the company's offering could be either for cash consideration or by way of stock swap. More

OUTSOURCING


CustomerAsset on hiring spree
The company is hiring 1,500 people over the next three months. More

TELECOMMUNICATIONS


Philips launches `Fisio' range of cell-phones
THE consumer electronics products division of Philips India Ltd (PIL) on Thursday unveiled a new range of mobile phones — `Fisio'— for the Indian market. The launch of the three models — Philips Fisio 820; Philips Fisio 620 ... More

Air Tel launches new SIM card with more memory
AIRTEL is launching 32 kilobyte SIM card for its post-paid customers which will give them double the existing memory on their mobile phone handsets. Announcing this to newspersons, Mr P.H. Rao, Managing Director of Bharti Mobinet Ltd, said the ... More

Hutch to offer sliding tariff
HUTCH Essar South Ltd, which is planning to invest Rs 400 crore as the fourth cellular operator in Andhra Pradesh, has lined up mobile telephony services with a slew of sliding tariff plans and pre-paid options. The Chief Operating Officer of ... More

INFRASTRUCTURE


Kinfra park on road to becoming tech hub
The commissioning of the submarine cable link with various countries, which has made communication easier and cheap, coupled with the availability of qualified manpower, has made Kochi attractive to many major IT companies. More

SOFTWARE


STPI to give Mangalore a boost
The earth station here is expected to solve a major hurdle faced by most IT-related units by providing high-speed, reliable data-communication connectivity between the software development facilities here and their partners elsewhere. More

IT TRAINING


Hero Mindmine to set up ITES training centres
HERO Mindmine, a division of Hero Corporate Services and part of the Rs 7,500-crore Hero group, has signed up with Andhra Pradesh to offer training in IT-enabled services business segment and plans to establish about 50 training centres all over ... More

MERGERS & ACQUISITIONS


Infosys acquires unit of US co
INFOSYS Technologies has acquired the treasury products division 'Trade IQ' of a US-based company for $3.9 million. This was the first outright acquisition made by the banking business unit of Infosys Technologies, said Infosys officials at a ... More

OFF-SHORE DEVELOPMENT


Wipro's Toshiba centre
BANGALORE: Wipro Technologies has set up an offshore development centre (ODC) for Toshiba TEC in Bangalore. The development centre will design and develop next-generation models of Toshiba TEC's multi-functional peripherals (MFP), ... More

IT-ENABLED SERVICES


Govt opens centre for IT-enabled services in Kochi
THE Kerala Government on Wednesday set up an Information Technology Enabled Services (ITES) habitat centre, probably the first of its kind in the country, aimed at churning out readymade talent pool for the ITES industry in the State. The ... More

OUTLOOK


Infosys sees stability in prices
THE second largest software exporter, Infosys Technologies Ltd, sees stability in prices with rates bottoming out, the Chief Operating Officer, Mr S. Gopalkrishnan, has said. ``Whatever decreases have happened have happened, we do not see ... More

NEW PRODUCTS & SERVICES


Cisco unveils new phone
NEW DELHI: Cisco Systems has announced the launch of its latest generation of IP phones — the Cisco IP Phone 7905 series — in India. The phone offers voice communication solutions for businesses, corporates and also for ... More
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