Financial Daily from THE HINDU group of publications
Friday, July 11, 2003
Markets (July 10)
BL 2501311.20 (+13.01)
BSE Sensex3679.63 (+58.84)
S&P CNX Nifty1162.35 (+21.30)
Dollar (Buy/Sell)46.16/46.29
Gold Std (10 gm)5265 (-35)

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ANNOUNCEMENTS


WeP Peripherals cuts UPS prices
BANGALORE: WeP Peripherals has cut prices of two of its power protection equipment models - the Emerge UPS 500 VA, to less than Rs 3,000 and the Emerge UPS 600 VA, to less than Rs 4,000, according to a press release. These equipment, ... More

TELECOMMUNICATIONS


Matrix cellular service for students abroad
MATRIX Cellular Services has launched a tailor-made cellular service for students studying in the UK. The company seeks to extend the service that cuts hassles such as identification requirements and selection of the right vendors in a foreign ... More

AirTel goes on expansion spree
BHARTI Mobile Ltd has launched an ambitious 60-day network expansion programme in the State. During the week, it will start offering services in Peddapuram (East Godavari), Kailasagiri (Visakhapatnam), Pamarru (Krishna) and Tandur (Ranga Reddy). ... More

4 pvt operators fail to stick to rural telephony deadline
FOUR of the five private basic operators have failed to adhere to the deadline set by the Department of Telecommunication (DoT) for fulfilling their rural telephony obligations. According to official sources, except for HFCL Infotel Ltd in ... More

Tata Indicom service in Pune
PUNE: Tata Teleservices (Maharashtra) has announced that it will invest approximately Rs 1,000 crore in the next few years in setting up a wireless mobile communication network and expand its existing telecommunication ... More

Basic operators gaining in strength
NEW DELHI: The private basic operators are slowly but surely gnawing away at the market share of the cellular operators, having cornered close to 2.08 million limited mobility subscribers by end-June, having spread their reach to 550 ... More

POLICY


Cabinet okays Rs 65 cr per annum for Media Lab
THE Media Lab Asia (MLA), which ran into a string of controversies, received a fresh lease of life on Thursday as the Union Cabinet decided to give an annual budgetary support of Rs 65 crore for the next four years to continue the project. A ... More

STOCKS


Infosys: Stay tuned in for ADR conversion
Bangalore: Infosys Technologies said on Thursday it plans to despatch invitations to Indian shareholders on July 12 for converting a part of their holdings into American Depository Receipts (ADRs). Though the company has not set any date ... More

FINANCIAL PERFORMANCE


Aztec Software back in black
AZTEC Software and Technologies Ltd is back in the black registering a profit of Rs 27 lakh on a turnover of Rs 8.48 crore for the quarter ended June 30. The company had recorded a net loss of Rs 2.88 crore on a turnover of Rs 7.61 crore, in ... More

SOFTWARE


Infosys employee strength gets bigger
SUSTAINING its strong hiring momentum, Infosys Technologies increased its employee strength to 17,095 at the end of June 2003, up from 15,356 in the previous quarter. However, the company saw a marginal rise in its attrition rates during the ... More

Oracle to double staff in India
ORACLE Corporation will double its staff in India to over 6,000 in the near future as the world's largest enterprise software company plans to outsource more software development and back office processes to its centres in Bangalore and ... More

Infosys projects may lose Rs 100 cr on strong rupee
A STRONG rupee is likely to shave Rs 100 crore off Infosys Technologies' revenues for financial year 2003-04, as it would erode value of cash earned outside the country, company officials said. Indian rupee has appreciated close to 3.7 per cent ... More

Seec plans to expand India operations
SEEC Inc, the Nasdaq-listed business process and enterprise applications solutions provider, has drawn up plans to expand its Indian operations at the global development centre located here, by inducting more `techies' and broadbasing its product ... More

When Ellison was caught on the wrong foot
AS he prepared to address an audience sitting a world across, Mr Larry J. Ellison, the flamboyant Chairman and CEO of Oracle Corporation, would have never thought his evening would be spoiled by an irate Indian bureaucrat. Dr Vishwapati ... More

Infosys: Revenue growth to the fore
CONTRARY to expectations, Infosys has reported a 7.8 rise in profits after tax in the quarter ended June 2003 compared with the quarter ended March 2003. A combination of improved volume growth, shift in revenue mix to offshore, higher capacity ... More

IT TRAINING


Aptech to offer degree course in info-tech
APTECH Computer Education, the flagship brand of Aptech Ltd, has joined hands with Sikkim Manipal University to offer a three-year B.Sc degree course in applied information technology. According to Mr Seshan Srinivasan, Zonal Sales Head of ... More

ALLIANCES & JOINT VENTURES


Tanning forges strategic tie-ups
THE Indian development centre of the US-based Tanning Technologies Corporation located here is in the process of forging a strategic alignment and working out traction with the global operations following the recent acquisition of its parent by ... More

  • CII, Chinese city sign MoU for IT development

    E-MAIL


    Rediffmail `more safe, secure'
    BANGALORE: Rediffmail's 20 million users can now log in to their e-mail account under additional security protection, according to a press release. Access to change password, password related information and personal details have been made ... More

    ISPS


    DishnetDSL adopts new tech to cut costs
    DISHNETDSL is likely to cut its capital expenditure - incurred by the company on routers and modems - by about 50 per cent even as the company has deployed the Ethernet-over-SDH (synchronous digital hierarchy - basic technology for ... More

    EVENTS


  • Bangalore: Conference on software testing

    OUTLOOK


    Netkraft eyes $10-m revenue; mulls domestic foray
    NETKRAFT Pvt Ltd, a Bangalore-based software services firm, is targeting revenues of between $ 8.5 million and $10 million for current fiscal, a growth of above 60 per cent over last year, according to the company's CEO Mr Anand Sudarshan. The ... More

    NEW PRODUCTS & SERVICES


    Mandira launches MSN India site
    Ms Mandira Bedi, televison personality, launches the MSN India Messenger fan site featuring creations of the Spastic Society of India in Mumbai on Thursday.

    More

    New HP offer on PCs
    BANGALORE: The Compaq Presario Desktop, HP DeskJet 3420 Printer and an HP Scanjet 2300 are being offered at Rs 31,690 by Hewlett-Packard India Pvt Ltd. The bundling deal, according to a press release, is aimed at the entry-level of the ... More


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    Looking back
    Jun. 29-Jul. 5
    Pressure on billing rates to stay: Study

    TRAI asks Reliance to file separate ILD, NLD tariffs

    Hike in FDI sectoral cap in telecom unlikely

    `US firms save billions by offshoring to India'

    'Scope not bright for software exports to EU'

    `Mobile phones health concerns unproven'

    InfoTech plans foray into manufacturing


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