Financial Daily from THE HINDU group of publications
Friday, July 26, 2002
Markets (July 25)
BL 2501093.63 (-1.55)
BSE Sensex3094.96 (-12.52)
S&P CNX Nifty1001.55 (-2.50)
Dollar (Buy/Sell)48.64/48.76
Gold Std (10 gm)5160 (-40)

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TELECOMMUNICATIONS


VSNL revenues from telephony down Rs 736 cr
VIDESH Sanchar Nigam Ltd (VSNL), the international long distance operator, has suffered a decline of Rs 736 crore in call revenues at Rs 5,766 crore during fiscal 2001-02 as against Rs 6,502 crore earned during the previous year. As per the ... More

Bharti launches pre-paid roaming service in South
BHARTI Mobile today launched pre-paid roaming service across the South on its AirTel Magic. Speaking to presspersons, Mr Jagdish Kini, CEO, South Central region, Bharti Mobile Ltd, said that till date, operators were offering passive roaming ... More

STOCKS


Record volumes in Satyam stock
SOFTWARE major Satyam Computer today witnessed record volumes on the NSE on account of first quarter results and the end of July contracts in the derivatives market. On the NSE, Satyam Computer counter recorded volumes of 3.39 crore shares. ... More

HARDWARE


Moser Baer net up 22 pc in Q1
OPTICAL media maker Moser Baer India Ltd (MBIL) has announced a 22 per cent jump in its net profit for the quarter ended June 30 this year at Rs 55.28 crore as against Rs 45.38 crore in the corresponding period last year. Revenues in the first ... More

MAIT for business ties with Sri Lanka
NEW DELHI: The Manufacturers Association for Information Technology (MAIT) has said it will be signing a memorandum of understanding (MoU) with the Federation of Information Technology Industry (FITIS), Sri Lanka. This move is being ... More

SOFTWARE


Satyam Q1 net declines — Uncertainty seen in major markets
SATYAM Computer Services Ltd has recorded total income of Rs 471.48 crore and a net profit of Rs 108.45 crore for the first quarter ended June 30, 2002. This reflects an increase of 11.98 per cent in income and a decrease of 10.72 per cent in net ... More

IBM India sets up e-government centre
IBM India Ltd has announced setting up of its `e-government centre' in Gurgaon, near here, to offer technology, support and infrastructure to help the Governments and total service providers design, develop and port `proof of concept' and ... More

Hexaware Q2 profit at Rs 55.98 lakh
HEXAWARE Technologies has turned around from a loss of Rs 2.83 crore during the first quarter ending March 31, 2002, to report a profit of Rs 55.98 lakh during the second quarter. It was, however, less than the net profit of Rs 2.19 crore the ... More

Pentasoft Q1 net profit down 63 pc
PENTASOFT Technologies has recorded a 63 per cent drop in net profit to Rs 12.02 crore on sales of Rs 119.19 crore for the first quarter ended June 2002 as compared to a net profit of Rs 32.69 crore on sales of Rs 155.45 crore for the same ... More

MERGERS & ACQUISITIONS


Visesh acquires business of Infotecnics
THE Bangalore-based Visesh Infosystems Ltd has said that it has acquired the business of Infotecnics India Ltd for a consideration of Rs 6.12 crore, in a cash-stock deal. Visesh would pay the cost of the acquisition partly in cash from its ... More

OFF-SHORE DEVELOPMENT


Alta Vista planning direct presence here
ALTA Vista Internet Solutions Ltd, a global provider of search services and software is planning to have a direct presence in India over the next 12 months. ``We are planning to have a direct presence in India over the next 12 months, could be ... More

EVENTS


Bangalore students win IT quiz
BANGALORE: Two students from National Public School (NPS), Indiranagar, have won the first prize in the TCS Quiz IT.com 2002. Rohit and Akshay were among the 1,000 students from 100 schools who took part in the annual quiz and scored ... More

VENTURE CAPITAL


JumpStartUp opens office in US
BANGALORE: JumpStartUp, a $45-million venture fund, has announced the opening of its office in the US. Based in Santa Clara, California, this office will source the companies US-India cross border investments. Mr Kiran Nadkarni, ... More

Talisma gets $5-m funds
BANGALORE: Talisma Corporation, a provider of CRM solutions, has announced the initial closing on a fourth round of $5 million funding led by current investors Oak Investment Partners, Paul Maritz and founder and CEO, Mr Pradeep ... More

IT-ENABLED SERVICES


Satyam ITES arm looking for partner, acquisitions
NIPUNA Services Ltd, the IT enabled services (ITES) outfit of Satyam Computer Services Ltd, is in parleys with strategic investors as also with about 25 enterprises for exploring business and is open to inorganic growth through ... More

TRENDS


E-biz to lead rebound by 2003-04: IDC
THE FUD (Fear-Uncertainty-Doubt) factor is giving way to a rebound in the IT industry sometime in 2003-04-05, according to market research agency IDC. At its annual event Directions 2003, Mr Pradeep Gupta, Managing Director, IDC, said that ... More
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E-biz to lead rebound by 2003-04: IDC

Corporate scams in US: Roots and remedies

VSNL revenues from telephony down Rs 736 cr

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In Depth
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Jul. 14-Jul. 20
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Bangalore among world's top intelligent communities

Wipro's new mantra is strategic value


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