The Hindu Business Line : Friday, January 24, 2003

SEBI directive on ESOP scheme — VisualSoft EGM on Feb 14
THE Securities and Exchange Board of India (SEBI) has directed VisualSoft Technologies Ltd, the Hyderabad-based software solutions major, to seek fresh approval from its shareholders for granting options to the employees under the Employee Stock ... More

TELECOMMUNICATIONS

Tariff cuts hit MTNL profits
MAHANAGAR Telephone Nigam Ltd (MTNL) has posted a decline in net profit of up to 33.8 per cent, at Rs 217.06 crore for the third quarter ended December 31, 2002, compared to Rs 328.01 crore in the corresponding quarter in the previous year. ... More

BSNL rural cellular foray a hit
IN what should be giving private cellular operators the jitters, telecom behemoth Bharat Sanchar Nigam Ltd (BSNL), which launched its countrywide cellular services in mid-October, has already notched up a subscriber base of one million ... More

6 more AirTel base stations planned in Madurai
MADURAI: AirTel has added six more base stations in Madurai to provide a seamless coverage for its mobile phone users and has plans to bring more towns in the southern districts under its network by March. The Chief Operating Officer ... More

CORPORATE

HCL Tech net down 35 pc despite higher revenues
SOFTWARE major, HCL Technologies, on Thursday announced a 35-per cent drop in net profit for the second quarter ended December 31, 2002, at Rs 80.6 crore compared to Rs 123.2 crore in the same period last year. Gross revenues during the quarter ... More

STOCKS

Satyam tumbles on weak numbers
SATYAM Computer Services today fell drastically along with sharp rise in the trading volumes following the third quarter results that were below the company and market expectations. Satyam closed 6.88 per cent lower at Rs 242.25 with volumes of ... More

FINANCIAL PERFORMANCE

Satyam Q3 income up, net down
FALLING marginally short of its revenue guidance, Satyam Computer Services Ltd has recorded a 16.93 per cent increase in total income while its net profit dipped 2.25 per cent year-on-year for the third quarter ended December 31, 2002. The ... More

Mascot Systems PAT at Rs 6.7 cr in third quarter
MASCOT Systems, the software services company, closed the December quarter with revenues of Rs 97.71 crore, and PAT (before an one time global cost realisation cost) of Rs 6.67 crore, beating market expectations of a fall in revenues as well as ... More

Growth in shipments drives Moser Baer revenues up 75 pc
The company maintained its forecast of 10 per cent growth in earnings for the fiscal 2003 over the previous year. More

SOFTWARE

`India has potential in storage solutions'
"DATA was important even before September 11 and the aim of the Storage Networking Summit (SMS) was to drive home that," said Mr Kumar Malavalli, storage guru and founder of Brocade. At the end of the four-day event, the SNS Director, Ms Brenda ... More

Apex consolidates under FirstApex global brand
THE Apex Group of companies, an IT solutions provider to the insurance industry, has announced a new group identity by consolidating its global operations under a single brand, FirstApex, even as it diversifies into the pure services ... More

Microsoft targets e-governance space for EPM solutions
MICROSOFT Corporation (India) is bullish on the growing integration market in the enterprise wide applications and has lined up its enterprise project management (EPM) solutions for the Indian market, targeting e-governance space and several ... More

ETT to roll out host of data-centric solutions
EUROPEAN Telecommunications & Technologies (ETT), a data systems integrator for multinational corporations, has lined up a host of data centric solutions and plans to reach them out in the Indian marketplace. Dr James E. Dodd, Chairman, ETT, ... More

EMC opens South Asia centre in Bangalore
EMC Corporation, the storage company, has opened its first South Asia software development and support centre in Bangalore. The India centre will initially take up software maintenance and support activities for the company's open software ... More

Infy to invest Rs 300 cr, employ 1,500 engineers in Kerala
INFOSYS Technologies is likely to invest Rs 300 crore in its proposed development centre in the State offering employment to 1,500 engineers. The centre will come up over 25 acres to be identified in either Kochi or Thiruvananthapuram, ... More

NeST Avionics in pact with airline majors
In the long term, the avionics division intends to provide solutions to ensure safety of aircraft, their maintenance management and operational improvement systems. More

Satyam beefs up board, inducts professionals
SATYAM Computer Services Ltd has restructured its board and has roped in two distinguished professionals Prof. Krishna Palepu and Mr Vinod Dham, while its founder director, Mr Srini Raju, has stepped down. Prof. Raj Reddy of Carnegie Mellon ... More

INTERNET

Upgraded IP version ready for trials
The IPv6 Forum India has been successful in roping in the Ministry of Communications and IT, the Telecom Regulatory Authority of India and the Internet Service Providers Association for the deployment of action plan. More

IT TRAINING

NIIT plans to create 10,000 Planetworkz
The Chairman of NIIT, Mr Rajendra S. Pawar, in a statement said NIIT's ITES education offering — Planetworkz is a result of long and intensive interaction with key ITES industry leaders. More

ALLIANCES & JOINT VENTURES

Geojit Infofin, Bajaj Allianz in pact
KOCHI: Geojit Infofin Technologies, a wholly owned subsidiary of Geojit Securities, has entered into a tie-up with Bajaj Allianz General Insurance for distributing insurance products. According to Mr C.J. George, Managing Director, ... More

E-COMMERCE & E-BUSINESS

Steel trading bets on e-commerce for volume
STEEL trading in India is all set to go the Internet way. And if everything goes well, then e-commerce will account for around 20 per cent of the total steel traded in the country in the next three years, according to Mr V.S. Jain, Chairman of ... More

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