Financial Daily from THE HINDU group of publications
Tuesday, May 06, 2003
Markets (May 05)
BL 2501028.41 (+13.09)
BSE Sensex2975.47 (+8.84)
S&P CNX Nifty945.40 (+7.10)
Dollar (Buy/Sell)47.28/47.41
Gold Std (10 gm)5375 (+10)

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TELECOMMUNICATIONS


TRAI may direct Reliance, Tatas to rework tariffs
THE Telecom Regulatory Authority of India (TRAI) is likely to issue a directive to Reliance Infocomm and Tata Teleservcies Ltd (TTSL) to rework their limited mobility (WLL) tariff plans and to drop the subsidised STD call charges that they are ... More

ISD services to be rated
The biggest beneficiary of this could be VSNL, which has the largest infrastructure, using a combination of cable & satellite bandwidth and employs the TDMA technology. More

STOCKS


VSNL, MTNL stocks up
THE stock prices of two telecom majors - VSNL and MTNL - were in the limelight on Monday on the expectation that the tariff rates for various telecom services would not fall further. The stock of MTNL gained 2.65 per cent at Rs 95 on ... More

FINANCIAL PERFORMANCE


Tata Tele (Maharashtra) loss widens
TATA Teleservices (Maharashtra), earlier Hughes Telecom, has reported a net loss of Rs 124.74 crore for the quarter ended March 31, 2003, despite a 45 per cent increase in income from operations. The net loss during the fourth quarter of the ... More

SOFTWARE


ITES drives up STPI-H exports
THE Software Technology Parks of India (STPI), Hyderabad, has recorded total exports of Rs 3,668 crore for the financial year ended March 31, 2003, including Rs 1,411 crore from the IT-enabled services, thereby registering a 26-per cent increase ... More

GECE solution to restore power faster
"A first-of-its-kind project, it comprises building of GIS, asset maintenance management and outage management system which will lead to better utilisation of assets and enhanced reliability." More

MERGERS & ACQUISITIONS


Soffia to merge with TranSys
SOFFIA Software Ltd has informed the Bombay Stock Exchange that the company's extra-ordinary general meeting (EGM) is scheduled to meet on June 6. The EGM will seek the members' approval for amalgamation of the company with TranSys ... More

PEOPLE


IBM chief meets Krishna; focus on expansion
THIS was one low profile visit of a high profile CEO. The IBM Chairman and the CEO, Mr Samuel J. Palmisano's meeting with the Karnataka Chief Minister, Mr S.M. Krishna, today was behind closed doors but talks were positive, said Government ... More

NEW PRODUCTS & SERVICES


Canon unveils 24 new products — Aims to top digital imaging market by 2005
CANON India has launched 24 digital imaging products across the image capture, creation and communication categories, and has put in place several initiatives aimed at making it the No 1 player in digital imaging products by 2005. The company, ... More
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