Financial Daily from THE HINDU group of publications
Wednesday, July 31, 2002
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ANNOUNCEMENTS


ProLease to invest $2 m in Megasoft
INTERPRO Scribe Ltd, a group company of ProLease Inc of the US, is to invest up to $2 million in the Chennai-based Megasoft Ltd. Announcing this to the press, Mr Ravi S. Reddy, Chairman and Managing Director, Megasoft, said, ``The board ... More

TELECOMMUNICATIONS


Hutch cell services in Vizag
VISAKHAPATNAM: Hutchison Essar South Ltd, the fourth cellular operator in Andhra Pradesh, has launched its cellular services in Visakhapatnam. This is the fifth city in the State where Hutch services have been launched since June 20 ... More

Hutch to launch `Talk Max'
NEW DELHI: Hutch, the new pan-India services brand of Hutchison, has announced a new range of plans for heavy users of mobile phones in the Capital. According to a statement from the company, under the package termed `Talk Max', ... More

STOCKS


Pressure on revenue margins trips VSNL
THE share price of international long distance (ILD) service provider VSNL has fallen over 20 per cent in the last week in anticipation of fall in revenues over the next few quarters. The recently-privatised ILD major, now part of Tata group, has ... More

SOFTWARE


Making tech registers ring
The retail segment needs to hone its skills to keep itself profitable in a sector where margins are thin. Software that helps the retailer, small or big, keep track of not just inventories but consumer preference patterns could prove a boon. Here's a look at what's available and how it works. More

There's reward in risk
Opportunities for IT companies exist in Basel II implementation in banks, mainly in the areas of operational risks, which include technology support for internal ratings. More

Centre keen on software park in Coimbatore
THE Central Government is ready to clear the proposal for establishing a software technology park in Coimbatore if the State Government presents a formal proposal in this regard. Disclosing this to newspersons in Coimbatore on Tuesday, the ... More

Tensions erode NIIT income
NIIT Ltd, the Delhi-based IT training and software company, has announced a 56 per cent drop in its net profit for the third quarter to Rs 2.31 crore from Rs 5.29 crore in the same period last year. NIIT said that its income from operations ... More

i-flex Q1 net up 51 pc
I-FLEX has reported a 51 per cent growth in net profit, year-on-year, for the first quarter ended June 30, 2002, and a 53 per cent increase in sales for the same period. The company posted a net profit of Rs 44.2 crore (Rs 29.3 crore) and ... More

Ramco Systems Q1 net loss doubles to Rs 8.16 cr
RAMCO Systems more than doubled its net loss to Rs 8.16 crore for the first quarter ended June 30, 2002 on sales of Rs 18.15 crore as compared to a net loss of Rs 3.96 crore on sales of Rs 26.55 crore for the same quarter previous year. Total ... More

ICSA reports steep fall in income
HYDERABAD: ICSA (India) Ltd has reported a steep fall in income for the first quarter of 2002-2003. The company reported income of Rs 51.35 lakh and net profit of Rs 7.28 lakh as against income of Rs 1.96 crore and a net profit of Rs ... More

RESTRUCTURING


Pentasoft hives off education division
CHENNAI: Pentasoft Technologies has announced that it has hived off its education and training division into a separate entity. The new entity is to be called TEKIS Education. The company, in a statement, says that it has 10 centres ... More

M-COMMERCE


HDFC Bank to go mobile with Hutchison
HDFC Bank, the leading private sector bank in the country, has announced the launch of mobile banking facility in Andhra Pradesh in alliance with the fourth cellular operator in the circle - Hutchison. In a press communiqué, the HDFC Bank ... More

E-GOVERNANCE


A blueprint for e-seva
The Andhra Pradesh Government is all set to be connected. A blueprint to create a State-wide grid that moves towards the convergence era by handling voice, data and video communication is in the offing. More

EVENTS


Tamil Internet meet planned in California
THE International Forum for Information Technology in Tamil (INFITT) will hold its fifth Tamil Internet international conference and exhibition — Tamil Internet 2002 — at Foster City, San Francisco Bay Area, California from ... More

  • Meet on e-learning

    PIRACY


    Epson drive against counterfeits
    BANGALORE: Epson India has announced that it has taken a bold step in countering the problem faced by it due to the sale of fake Epson cartridges. The company recently conducted raids on eight shops in Mumbai and seized some 829 ... More

    OUTLOOK


    VisualSoft initiates due diligence for acquisitions
    VISUALSOFT Technologies Ltd has initiated the process of due diligence for inorganic growth through acquisitions and has decided to tread cautiously as it awaits right valuation. The Chairman and Managing Director of VisualSoft Technologies, Mr ... More

    HCL Perot expects growth at 20-23 pc
    Growth in the current year is not going to be drastically different as compared to last year, mainly due to the impact of a series of set backs right from September 11 incidents to the recent Indo-Pak tensions. More

    PEOPLE


    Ramaswamy quits Dell International
    BANGALORE: Mr M.D. Ramaswamy has quit Dell International Services as Managing Director. His last day in the company was July 26, said a company spokesperson. He will be pursuing ``entrepreneurial passion'', she said. Mr Ramaswamy was ... More

    NEW PRODUCTS & SERVICES


    New software from IBM
    BANGALORE: IBM has launched a new software to enable customers manage and integrate information from the widest variety of sources, regardless of where the information resides. IBM Content Manager version 8 helps manage and integrate ... More
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