Financial Daily from THE HINDU group of publications
Wednesday, October 23, 2002
Markets (Oct. 22)
BL 2501028.01 (-13.49)
BSE Sensex2965.97 (-32.04)
S&P CNX Nifty962.50 (-4.85)
Dollar (Buy/Sell)48.32/48.45
Gold Std (10 gm)5140 (-30)

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Roaming in the grey zone
It's time the mobile user became more choosy about using first-hand and legal goods. More

Kerala: BSNL rings in pre-paid service today
HELLO Kerala, this is BSNL calling! Come dawn, on October 23, Kerala will wake up to a new connection. On this day, Excel, Bharat Sanchar Nigam Ltd's (BSNL) pre-paid cellular service, will go live in Thiruvanthapuram and Ernakulam. Speaking to ... More

Play it by ear
A telephone user wants information delivered quick and clear. So which technology can do this best? eWorld tracks the preferences of two leading corporate players. More

VSNL hits 52-week low on bourses
VIDESH Sanchar Nigam Ltd today sank to its 52-week low on both BSE as well as NSE, touching Rs 97.1 per share on BSE and Rs 98.3 per share on NSE before closing on both the exchanges at Rs 100.8 per share. Market analysts expressed little ... More

VSNL gets ten-day breather in BSNL issue
IT seems to be an auspicious week for international long-distance major Videsh Sanchar Nigam Ltd (VSNL). Despite the sharp setback to its finances, the controversies that it had got entangled in are slowly getting resolved. Even as the company ... More

Tata Tele set to launch WLL in Delhi
TATA Teleservices Ltd (TTSL), the basic telecom services arm of the Tata group, is finally gearing up to take on Mahanagar Telephone Nigam Ltd (MTNL) and Bharti Telenet Ltd in the lucrative market of Delhi. The company is scheduled to launch ... More

TRAI clarifies on BSNL mobile tariffs
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has clarified that the pre-paid tariffs and post-paid plan-325 of Bharat Sanchar Nigam Ltd (BSNL) for its cellular services is an "introductory' offer, which should not be ... More

ITXC Corp ranked number one
BANGALORE: ITXC Corp, a global wholesale voice carrier, announced that it ranked number one on the 2002 Deloitte and Touche Technology Fast 500, a ranking based on percentage revenue growth over five years. The company has identified ... More

STOCKS


HCL Tech tumbles as numbers disappoint
THE stock of HCL Technologies crashed by almost 18 per cent on the bourses on the back of disappointing quarterly results announced today. On the Bombay Stock Exchange (BSE), the stock fell 17.85 per cent to close the day at Rs 174.65 and on ... More

HARDWARE


`PC growth good in Asia-Pacific'
AN IDC third quarter 2002 study showed that, for the first time, the PC market in the Asia-Pacific (excluding Japan) region exceeded six million units shipped in one quarter. At 6.52 million units, the region's third quarter market size is a ... More

LG Electronics launches low cost PCs
THE South Korean electronics and communications major LG Electronics has entered the Indian personal computer (PC) market with Linux-based desktops priced lower than other multinational brands. The LG `MY PC' which comes at Rs 33,900 and Rs ... More

SOFTWARE


HCL Tech net falls 22 pc on expenses
DESPITE a 19 per cent growth in revenues to Rs 442.4 crore in the first quarter, HCL Technologies Ltd posted a 22 per cent fall in net profit as expenses during the quarter increased and other income dwindled. The net profit of HCL Tech stood ... More

HCL Tech warns of lower sales, profit in next two quarters
HCL Technologies Ltd is likely to report a drop in its sales and profits for next two quarters as the company continues to rationalise its client base, the Chief Financial Officer, Mr Arun Duggal, told analysts in a post-earnings call. "While ... More

IT TRAINING


NIIT to observe world computer literacy day
COMPUTER education and software developer NIIT is organising `World Computer Literacy Day' on December 2 by offering training to about two lakh people at 2,500 locations across the country. NIIT will impart training in four Indian languages - ... More

ALLIANCES & JOINT VENTURES


IBM, UK Govt in eScience initiative
BANGALORE: Oxford University has joined with IBM and the UK Government to build a sophisticated computing grid that will enable early screening and diagnosis of breast cancer, and provide medical professionals with more information to ... More

E-COMMERCE & E-BUSINESS


No room for weak links
A strong supplier relationship management initiative will cover every point of the chain and strengthen it, process by process. More

B2C e-com spending to cross Rs 2,300 cr in 4 years: IDC
BUSINESS to consumer (B2C) e-commerce spending in India is expected to jump by 88 per cent in 2002 and touch Rs 238 crore, said an IDC study, conducted recently to map the B2C e-com market in the country, amongst the Internet shopping Web sites ... More

IT-ENABLED SERVICES


Hooking 'em up, for good
IT-Enabled Services players sure catch their employees young, but do these youngsters, doing what is perceived to be mundane, repetitive work, stay on the job? Precisely why these companies are now sparing no effort to help their workforce really s ettle down in their seats. More

Ramping up ITS, ITES led to HTMT's growth
THE ramping up of IT-services and IT-enabled services, now the core activities of Hinduja TMT, led the company's performance growth for the financial quarter as well as for the half-year ended September 30, 2002. Total income, at Rs. 28.21 ... More

Give it everything you've got
Walking into Radhakrishnan's office, you hardly see an office. It's very clear to you that it's a beautiful apartment converted into a spacious office. You can easily make out that the owner of this small office has certainly started out small ... More

TRENDS


IT spending slowing down...
IT spending is going down steadily as the meltdown effect drags on, say reports ... but the picture's brightening as far as India is concerned. More

..but there's hope
IF a recently released Merrill Lynch quarterly report on India's IT sector is anything to go by, then Indian technology companies have something to cheer for. A higher share of global IT spending, rapid growth in outsourcing contracts and ... More

NEW PRODUCTS & SERVICES


Indus launches eOffice suite
HYDERABAD: Indus Business Systems Ltd, the software services company here, has announced the launch of a new product — eOffice — which it maintained is a perfect solution that enables enterprises to turn paperless. The ... More
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