Financial Daily from THE HINDU group of publications
Thursday, July 11, 2002
Markets (July 10)
BL 2501147.27 (-9.20)
BSE Sensex3332.36 (-26.22)
S&P CNX Nifty1071.70 (-8.60)
Dollar (Buy/Sell)48.74/48.87
Gold Std (10 gm)5205 (+30)

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Bharti gets security nod for international calls
THE long wait for Bharti Telesonic Ltd, the long-distance arm of the Bharti group, is finally over. The Ministry of Home has given security clearances for its international long-distance services, which have been pending with it for over two ... More

Hutchison Essar reaches out to Vijayawada, Guntur
The company plans to set up a network with 134 cell sites and is ready to roll out its services in Visakhapatnam and Rajahmundry and the districts of East Godavari and Krishna, under Phase I. More

STOCKS


Infosys results fail to cheer tech counters
INFOSYS Technologies' better-than expected first quarter results brought little cheer for tech stocks today as institutional selling dragged the market on the whole. Among the frontline tech stocks, on the Bombay Stock Exchange, Infosys closed ... More

EDUCATION


ICAI's IT foray going global
IN an environment where good news about accountants is as rare as clean air, here is something to cheer the Indian CAs. The Information Technology Committee of the Institute of Chartered Accountants of India (ICAI) is growing strong and also ... More

SOFTWARE


Infosys net profit goes up 14.1 per cent in Q1
INFOSYS Technologies Ltd on Wednesday reported a growth of 12.42 per cent in sales revenues and 3.1 per cent in net profits for the first quarter ended June 30, 2002 over the preceding quarter. Net profits for the quarter stood at Rs 216.85 crore ... More

Infosys plans to hire 1,000 in Q2
INFOSYS Technologies expects to add about 1,000 professionals during the second quarter of the current fiscal, of which 200 would be lateral hires, according to Mr S.D. Shibulal, head customer delivery and member of the board, Infosys. "We have ... More

No plans to return cash: Infosys CEO
INFOSYS Technologies has no plans to return its growing cash reserves to shareholders, the company CEO and Managing Director, Mr Nandan Nilekani, said here on Wednesday. "Cash reserves are strategic and adequate," Mr Nilekani told a news ... More

Infosys: Good show despite challenges
DESPITE a challenging global environment, Infosys Technologies has managed to clock a robust revenue growth for the first quarter of 2002-03 compared to the corresponding quarter of the previous year and the previous quarter ended March 31, ... More

Geometric Q1 net up at Rs 3.07 cr
GEOMETRIC Software Solutions Co. Ltd has reported a 47 per cent increase in consolidated sales at Rs 19.42 crore for the first quarter ended June 30, 2002, against Rs 13.19 crore earned during the corresponding period last year. Giving the ... More

IT TRAINING


  • Distance learning from HCL Comnet

    ALLIANCES & JOINT VENTURES


    CG Maersk ties up for Britain entry
    CG Maersk Information Technologies Pvt Ltd has tied up with Strategic Software Partners Ltd to enter the UK market. According to a press release from CG Maersk, Strategic Software Partners, headquartered in Surrey, UK, specialises in helping ... More

    Vantel, Solid Data in pact
    VANTEL Technologies Ltd, a telecom product and solutions provider, has entered into a strategic alliance with US-based Solid Data Systems to market and sell the latter's file cache solutions to the telecommunications market in the country. The ... More

    PEOPLE


  • Former Hind Lever ED on Polaris board

    NEW PRODUCTS & SERVICES


    New notebook versions from Wipro stable
    WIPRO Infotech on Wednesday announced two new versions of its notebook computer Little Genius. The new Little Genius 4000 and Little Genius SL (Slim and Light) 300 are targeted at the heavy user and the "top executive/leader" respectively. "We ... More
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