Financial Daily from THE HINDU group of publications
Wednesday, July 17, 2002
Markets (July 16)
BL 2501125.76 (-16.22)
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Dollar (Buy/Sell)48.75/48.88
Gold Std (10 gm)5270 (+40)

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TELECOMMUNICATIONS


BPL Mobile revenues rise
BPL Mobile Communications, which operates in the metro circle of Mumbai, has reported a 14.5 per cent increase in revenues at Rs. 467.4 crore, for 2001-2002. Operating profits grew 23.1 per cent to Rs. 132.9 crore, a press release from BPL ... More

SOFTWARE


Ivega buys back stake from investors
THE Bangalore-based Ivega, a software consulting and services company operating in the financial services space, has recently bought back an undisclosed equity stake from a group of 29 private investors. These private investors had contributed ... More

LIC raises stake in Infosys
LIFE Insurance Corporation of India has picked up a significant stake in Infosys Technologies in the quarter-ended June 30, 2002 while the FIIs and the Unit Trust of India (UTI) have pared their exposure marginally during the same period. LIC, ... More

DSL Soft opens centre for banking tech
DSL Software, a joint venture between HCL Technologies and Deutsche Bank, in alliance with the Indian Institute of Management, Bangalore, has launched `Centre for research in finance and banking,' a centre of excellence for banking ... More

INTERNET


Pressler no longer on L&T Trade.com board
SENATOR Larry Pressler has resigned from the board of directors of the Net-based trading portal for all sorts of financial items, L&T Trade.com. The company stated this in its annual report for the financial year 2001-02. L&T Trade.com is a ... More

Sify to acquire Wipro's customers
SATYAM Infoway Ltd (Sify) today announced that it will acquire the customers of Wipro Ltd's corporate connectivity services business. Under this agreement, 200 corporate customers currently with Wipro could migrate to Sify's umbrella of ... More

SECURITY


`India can play a dominant role in information security'
GIVEN the untapped potential, India can play a dominant role in the development of information security market-related software products that can be useful for the global IT industry, according to the Principal Scientific Advisor to Government of ... More

ISPS


Flourishing grey market for Internet telephony
ALL hopes that Internet telephony would wipe out the grey market for international telephony in India have receded, with Internet service providers (ISPs) themselves complaining that they are victims of a flourishing grey market for Internet ... More

E-GOVERNANCE


IIIT-H to host centre for e-governance
THE industry-driven International Institute of Information Technology (IIIT)-Hyderabad will soon have yet another school of excellence for e-governance solutions. This nodal e-governance centre is to be sponsored by the Andhra Pradesh ... More

EVENTS


IT Kerala 2002 expo set to be bigger than previous edition
IT Kerala 2002, the four-day-long second edition of the biannual IT show being hosted by the Kerala Government and scheduled to open on August 1, will represent scaling up by two-fold the size, scope and numbers of the predecessor event held two ... More

NEW PRODUCTS & SERVICES


HP unveils new products
THE first new products from the HP-Compaq stable are out, and significantly, two of them are variations of pre-merger Compaq's ProLiant server. The HP ProLiant ML 530 G2 and DL 580 G2 would be the `mainstay' of HP's ISS (industry standard ... More

Kochi firm unveils Kerala info database
KERALA Album, a novel concept to disseminate information on the State, was launched in the city on Sunday by the Kochi-based Soleil Soft. The album is an encyclopaedic information database on Kerala available in three different formats such as ... More


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