Financial Daily from THE HINDU group of publications
Thursday, August 01, 2002
Markets (July 31)
BL 2501045.16 (-1.74)
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Dollar (Buy/Sell)48.53/48.76
Gold Std (10 gm)5070 (+5)

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TELECOMMUNICATIONS


Celforce offers free calls in Gujarat
CELFORCE, the leading cellular service provider in Gujarat, has introduced two new tariff plans, Talk 2195 and Talk 1245. While Talk 2195 allows users unlimited incoming as well as outgoing calls at zero airtime rate, for a monthly commitment of ... More

Bharti Tele Q1 loss up at Rs 67 cr
BHARTI Tele-ventures, the telecom service arm of Bharti group, has announced that its net losses for the quarter ended June 2002 mounted by 143 per cent over the previous quarter to Rs 67.2 crore. Total revenues of the company during the ... More

STOCKS


Poor Q3 show pulls NIIT further down
UNCHANGED business fundamentals coupled with disappointing third quarter performance have pulled down the share price of NIIT by over 40 per cent in a month's time, indicating a far from rosy future for the Delhi-based education and software ... More

SOFTWARE


Oracle India on expansion spree; to double staff
ORACLE Corporation is planning an aggressive expansion of its operations in India. The company plans to almost double its staff in India from the existing 2,225 to 4,000 over the next four years and start a new unit in September this year to ... More

Microsoft India centre plans new releases
THE Microsoft India Development Centre (MIDC)is set to become the second biggest centre for the global major outside Redmond. It has drawn up plans for new releases, including an enhanced version of services for Unix (SFU) The centre is ramping ... More

Hinduja TMT profit up 39.5 pc
BANGALORE: Hinduja TMT (HTMT) has reported a growth of 39.5 per cent in net profit and 67.5 per cent in total income for the first quarter ended June 30, 2002 over corresponding period a year ago. The company's net profit for the ... More

IT TRAINING


Plan to boost quality of learning process
TWO pilot programmes — Gyanavahini and Vidhyavahini — aimed at enhancing the depth and in bringing about a qualitative enrichment in the learning process, both at the University level and in schools, are nearing completion. Launched ... More

Oracle's move to spread computer literacy in Karnataka
ORACLE Corporation has come forward to assist the Karnataka Government in eliminating the digital divide by spreading computer literacy in the State. Mr Derek Williams, Vice-President, Asia Pacific, Oracle, said the initiative is part of the ... More

MERGERS & ACQUISITIONS


Lanco Global to buy 3 US cos
TO augment its competitive strengths in bidding for global tenders, Lanco Global Systems Ltd (LGSL), the Hyderabad-based software solutions company, has decided to acquire three US-based companies, which are currently subsidiaries of its group ... More

OFF-SHORE DEVELOPMENT


Zensar sets up office in Mexico
The company's growth plans include alliances and joint ventures. It recently set up a joint venture in China called Hanzen in Shanghai, and a small development centre in Zhuhai. More

BROADBAND


Sterlite Opticals posts Q1 loss
MUMBAI: The sharp decline in optical fibre cable prices in a globally depressed market and delays in OFC orders have impacted the sales and margins of Sterile Opticals, with the company reporting a net loss of Rs 14.09 crore for the first ... More

IT-ENABLED SERVICES


Call centres shift pitch to beat attrition rate
MsourcE is also telling potential recruits that they could grow to be trainers — who train the others in voice and accent, subject matter experts who walk around the floor clearing doubts that might arise as agents take calls. More

TRENDS


Entertainment on demand on your screen at home
HOW would you feel if you have the option to watch the best of Britney Spears songs or the latest Hindi movie on your PC screen or idiot box from home any time? Sounds far-fetched in India? This could be a reality in the middle of next year ... More

Indian IT sector `no loser', posts 30% growth
WHILE there were apprehensions that the Indian IT industry would lose out because of the slowdown in the US, it has proved otherwise. The industry has registered a 30 per cent growth and has emerged a net gainer, even while some of the advanced ... More


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