Financial Daily from THE HINDU group of publications
Friday, October 11, 2002
Markets (Oct. 10)
BL 2501025.47 (+6.17)
BSE Sensex2969.49 (+12.60)
S&P CNX Nifty958.45 (+3.70)
Dollar (Buy/Sell)48.32/48.45
Gold Std (10 gm)5250 (+10)

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AWARDS & HONOURS


E&Y award for Narayana Murthy
MR N.R. Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies, was today conferred with the Ernst & Young Entrepreneur of the Year (EOY) award for 2002. Cheering Mr Narayana Murthy were Mr Arun Jaitley, former Union Minister for ... More

TELECOMMUNICATIONS


BSNL picks CDMA for WLL connections
THE Kerala Circle of Bharat Sanchar Nigam Ltd (BSNL) has identified the code division multiple access (CDMA) system as most suitable for wireless-in-the-local-loop (WLL) connections given the State's special geographical features and the largely ... More

HARDWARE


Bengal CM woos Korean investors
THE Chief Minister, Mr Buddhadeb Bhattacharjee, has urged potential South Korean investors to consider investing in the State's IT sector. Inaugurating a personal computer (PC) manufacturing facility at the Salt Lake Electronics Complex, Mr ... More

SOFTWARE


Infosys Q2 sales surge 35.29 pc; net up 12% — Upbeat on third quarter
SENSEX bellwether Infosys Technologies Ltd sprung a surprise today beating street expectation of its September quarter sales by almost Rs 90 crore even as its bottomline was in line with its earlier guidance. The company reported a 12.01 per ... More

Hyderabad to go Singapore way
IF Andhra Pradesh CEO, Mr N. Chandrababu Naidu, has his way, `Cyber Oasis', the $25-million joint venture initiative between the Singapore-based Ascendas and L&T Infocity Ltd, will hereafter be called `Cyber Pearl'. The Chief Minister, who ... More

Infosys: Onsite engagements, outsourcing deals drive growth
A SHARP rise in onsite engagements and growing number of strategic outsourcing deals appear to have been the key driver of the revenue growth of Infosys in the second quarter of 2002-03. The robust volume growth has helped Infosys clock ... More

IT TRAINING


Aptech to launch call centre training course
APTECH Ltd will formally launch its ACPG-Call Centre training course in the country on October 17, the company's foundation day. Aptech has been training students on the call centre business for the last six months. About 500 students have ... More

GENDER


Out-of-court settlement fails — `Phaneesh suit will hit results'
INFOSYS Technologies today indicated that the option of out-of-court settlement in the sexual harassment and wrongful termination suit had fallen through and the lawsuit might go to trial. Any unfavourable resolution of this lawsuit could ... More

IPR


Elansoft applies for US patent for product
ELANSOFT Infotech Ltd, a software products and solutions company, promoted in 1999 here, has come out with a software tool framework which focuses on Web presentation technologies. It facilitates simplification of software development and brings ... More

HUMAN RESOURCES


Infosys adds over 1,800 staff to rolls
INFOSYS Technologies today said that it added the highest ever number of employees to its rolls during the second quarter. The company added a total of 2,065 employees, of which nearly 328 were laterals. The net addition during the quarter stood ... More

BROADBAND


Fresh funds to be utilised for broadband connectivity: Sify
THE infusion of fresh funds of $20 million into Satyam Infoway Ltd (Sify) would be more than adequate for the company to become profitable. The Sify's Managing Director and CEO, Mr R. Ramaraj, declining to give a timeframe on the company ... More

BSNL franchisees given more time for broadband services
IN what could lead to further delays in the rollout of its broadband services across the country, Bharat Sanchar Nigam Ltd (BSNL) has extended the stipulated time frame for its franchisees by another six months. According to official sources, ... More

ISPS


Bharti to launch VSAT-based Net services in Kerala
BHARTI Broadband Networks, part of Bharti Telecom, has announced its plans to launch the VSAT-based Internet solutions in Kerala. Called SkyMantra, the VSAT (very small aperture terminal) unit consists of a transceiver, a dish antenna (1.2 m), ... More

EVENTS


More cos to take part in IT expo
BANGALORE: The fifth edition of the Bangalore IT.Com hopes to attract 250 software companies when it takes off at the end of this month. The Government expects greater participation this year, as there are signs of improvement in the ... More

VENTURE CAPITAL


`Nasdaq willing to help companies in India'
"NASDAQ is around, Nasdaq is well and is willing to help companies in India," assured the Nasdaq chief, Mr Patrick Sutch, who was here today addressing a Venture Capital Summit organised by the Confederation of Indian Industry (CII). And proof ... More

OUTLOOK


Infosys sees rise in outsourcing deals
THE second largest software exporter Infosys Technologies Ltd said that it is witnessing interest in larger outsourcing deals. The company is competing globally with the Big Five consulting firms for deals ranging from $50 million-$100 ... More

NEW PRODUCTS & SERVICES


IBM releases new Lotus products
COMPUTING giant, IBM, has released in India a new range of its Lotus software products that have enhanced features. The products include Lotus Notes and Domino 6, `Sametime 3' and `Quickplace 3' and e-learning software, `LearningSpace'. "The ... More
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