Financial Daily from THE HINDU group of publications
Saturday, June 29, 2002
Markets (June 28)
BL 2501130.88 (+9.18)
BSE Sensex3244.70 (+27.55)
S&P CNX Nifty1057.80 (+9.25)
Dollar (Buy/Sell)48.83/48.96
Gold Std (10 gm)5300

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VSNL collating details on dues from WorldCom
VIDESH Sanchar Nigam Ltd has said it does not deny the possibility of WorldCom owing it money and that it is "looking at how much outstanding amount is to be settled between the two sides. "In this connection, in order to have a better ... More

SOFTWARE


i-flex ends Day 1 below offer price
I-FLEX Solutions Ltd ended the first day of trading today at Rs 499.45 per share, although it had opened trade at Rs 541 per share, at a premium to the issue price of Rs 530 per share. i-flex's closing price today was 5.8 per cent lower than ... More

Silverline to hike capital for overseas offer
SILVERLINE Technologies Ltd, an integrated IT solutions provider, which is in the process of firming up an international offer to raise about $35 million, is set to increase the authorised share capital by the creation of additional 5,50,00,000 ... More

Geodesic Info surges as it seals deal with US co
GEODESIC Information Systems has registered a nearly three-fold increase in its share price since February. The stock, which was then quoting around Rs 32, is currently ruling around Rs 88 levels on the BSE. The Mumbai-based software solutions ... More

OrbiTech goes live in Belgium
MUMBAI: Orbitech Solutions Ltd has announced that its Orbi product suite of banking solutions has gone live with ABN AMRO in Belgium. ABN AMRO had chosen eight relevant modules from the ORBI product suite of banking solutions to ... More

ALLIANCES & JOINT VENTURES


Covansys alliance with Appshop
BANGALORE: Covansys Corporation, a global consulting and technology services company has announced a strategic alliance with Appshop Inc, an application management and outsourcing company specialising in Oracle's e-business suite and ... More

OFF-SHORE DEVELOPMENT


Network Associates starts centre
BANGALORE: Network Associates has inaugurated its global development centre in India. With investments of $5 million planned for 2002 and $15 million by 2003, the centre is projected to touch 100 people by year-end and 200 by 2003. It ... More

STANDARDS & BENCHMARKS


Infosys assessed at CMMI Level 5
BANGALORE: Infosys Technologies has announced that it has become the first Indian software company to be assessed at CMM Integrated (CMMI) Level 5 for offshore and onsite operations. This is the first time that an offshore software ... More

OUTLOOK


Mascot expects better results this fiscal: CEO
SOFTWARE services firm Mascot Systems Ltd expects to report progressive results from the first quarter in the current financial year. ``We believe that our performance has bottomed out in the last quarter of FY 2002 and from the first quarter ... More

TRENDS


`IT cos now need to create new products, markets'
ALMOST 70 per cent of the world IT spend is on support and maintenance of the existing systems, according to Mr Arun Jain, CMD and CEO of Polaris Software Lab Ltd. Software companies have been charging their customers for their own inefficiency ... More

NEW PRODUCTS & SERVICES


MRO-TEK unveils edge router
BANGALORE: MRO-TEK Ltd has announced the launch of aggregation edge routers from Tasman Networks, US, strengthening the last mile access product portfolio. These routers are rich in features coupled with outstanding price ... More
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Jun. 16-Jun. 22
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BSNL to handle Chennai mobile project with GSM network


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