The Hindu Business Line : Tuesday, October 22, 2002

VSNL allowed to invest Rs 835 cr in Tata Tele
THE committee set up to look into the modalities of VSNL's controversial investment in Tata Teleservices has decided that VSNL will invest Rs 835.8 crore in TTSL, at par and over a 7-year period, for a 19.9 per cent stake. The much-awaited ... More

VSNL: Competition prunes net by 33 pc
DECLINING customer tariffs, lower settlement rates from international carriers, and the impact from competition in the international long-distance telephony business have led to VSNL reporting a drop in both net profit and income for the second ... More

`Telecom sector set for $13-b revenues by 2007'
MCKINSEY and the Federation of Indian Chamber of Commerce and Industry (FICCI) in a trend report have observed that the Indian telecom market has grown at 14 per cent compounded annual growth rate (CAGR) over the last five years to reach a size ... More

Idea launches `southern roaming'
IDEA Cellular Ltd has launched `Southern Roaming' to make roaming more economical for its post-paid subscribers who frequent the southern States of the country. The company would now offer a customised roaming solution through special ... More

BSNL `CellOne' mobile services launched in Karnataka
This reflective message of concern for an early and amicable resolution of the Cauvery water-sharing issue marked the launch of `CellOne', the mobile phone service of Bharat Sanchar Nigam Ltd Karnataka circle here today. However, the actual ... More

VSNL may look beyond ILD
THE earnings performance of Videsh Sanchar Nigam (VSNL) for the second quarter ended September 30, 2002 reflects a further deterioration in its financial position vis-à-vis the corresponding period of the previous year and on a sequential basis. ... More

Hutch services in four more AP towns
HUTCHISON Essar South Ltd, the fourth cellular services operator in Andhra Pradesh, on Monday added four more towns — Kakinada, Ongole, Kurnool and Gudiwada — to its network and commissioned its Hutch shop in Rajahmundry. It plans to ... More

HARDWARE

PC sales on recovery path: MAIT
`Reduced prices, coupled with increased selling efforts, have been instrumental in bringing the recovery,' said MAIT. Also, new technology and features drove the replacement demand of the machines. More

SOFTWARE

Electronic Data bullish on PLM solutions
BACKED by a strong demand for its product lifecycle management (PLM) solutions from the automobile, industrial machinery and the defence sector, Electronic Data Systems (EDS) expects its PLM business in India to grow at over 20 per cent for the ... More

Sluggish business pulls HCL Insys net down in Q1
A HEALTHY 74 per cent growth in revenues has not helped HCL Infosystems Ltd (HCL Insys) post a growth in its net profit for the July-September quarter over the corresponding quarter a year ago as the growth of company's software services business ... More

Satyam Q2 results on Oct 23
HYDERABAD: Satyam Computer Services Ltd will announce both Indian GAAP and US GAAP results for the quarter ended September 30 on October 23. After the release, Kotak Securities will host two conference calls where the Satyam Chairman, ... More

ISPS

New BSNL dial-up Net accounts

EVENTS

Mahajan to lead delegation to Italy
IN a major move to position India's IT and telecom prowess in European markets and the Mediterranean region, strategise business partnerships and investment opportunities for Indian IT and telecom, the Union Minister for Communications and IT, Mr ... More

Hong Kong delegation to visit India
NEW DELHI: The Hong Kong Trade development Council (HKTDC) is a organising its first-ever IT mission to India from October 28 to November 2. According to an official statement, the delegation will comprise nine Hong Kong IT and Telecom ... More

PEOPLE

QAD to appoint new India head
QAD, the collaborative enterprise solutions vendor, will be appointing a new representative for its Indian operations shortly. The company has also renewed the registration of its India office, which has been without a representative since ... More

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