Financial Daily from THE HINDU group of publications
Wednesday, February 19, 2003
Markets (Feb. 18)
BL 2501106.71 (+2.91)
BSE Sensex3289.09 (+6.64)
S&P CNX Nifty1059.30 (+1.10)
Dollar (Buy/Sell)47.67/47.80
Gold Std (10 gm)5620

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Kale Consultants grants 7.5 lakh stock options
KALE Consultants Ltd has informed the Bombay Stock Exchange that its board's Remuneration and Compensation committee has granted 7.5 lakh options on February 7, 2003, to its employees and employees of subsidiary companies under the Employees' ... More

OUTSOURCING


Stand out from the rest
If everybody's good at something, how does one gain that edge that makes the difference? Read on... More

VJIL plans BPO foray, names arm
VJIL Consulting Ltd., the Hyderabad-based software services provider, has announced plans to foray into the BPO (business process outsourcing) space. It proposes to set up a separate subsidiary that will service clients both within India as well ... More

TELECOMMUNICATIONS


VSNL woos cell operators — Goes a long distance to shore up revenues
FACED with steadily declining revenues from its international voice services, telecom major Videsh Sanchar Nigam Ltd (VSNL) is now wooing the private cellular operators to wean their long-distance traffic away from competitors Bharti Telesonic ... More

BSNL staff threaten to intensify stir
EMPLOYEES of Bharat Sanchar Nigam Ltd (BSNL) owing allegiance to the BSNL Employees Union have threatened to intensify their on-going agitation if their 27-point charter of demands is not met by the authorities by next month. These demands ... More

Bharti offers audio conferencing service
BHARTI TeleSonic Ltd, the long distance telecom arm of the Bharti group, has launched its `IndiaOne MeetXpress' audio-conferencing service. According to an official statement from the company, based on the technology platform from Avaya (US), ... More

Touchtel hopeful of rise in DSL users
`With the new telephone rates slated to come into effect from April, more people will opt for the DSL service and all Bharti's exchanges in the State are equipped to offer this service.' More

STOCKS


Ramco Systems jumps
OPERATOR-driven and highly volatile counter of Ramco Systems today shot up in terms of volumes and price on the major bourses. The stock closed at Rs 545.35 (Rs 509.50), after touching the intra-day high of Rs 555.50 on the BSE. It attracted ... More

GTL in limelight
GTL (formerly Global Tele-Systems) was back in action on news that the company's board on February 24 would discuss the valuation report relating to a proposed acquisition. The stock, after scaling a high of Rs 87.10, closed at Rs 85 against ... More

SOFTWARE


Hexaware sees 35 pc revenue growth
HEXAWARE Technologies Ltd expects a 30-35 per cent growth in revenue for the fiscal year 2003 (calendar year) over 2002. In its guidance, the company expects the consolidated net profit before tax of over $5 million (including profit of ... More

FIIs raise holding in Digital GlobalSoft
FOREIGN financial institutions have steadily increased their holdings in Hewlett-Packard's locally listed software services arm, Digital GlobalSoft Ltd in the current financial year. According to the data available in the Bombay Stock ... More


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