Financial Daily from THE HINDU group of publications
Friday, November 11, 2005
Markets (November 10 at 15.30 IST)
BSE Sensex8308.93 (+0.15)
S&P CNX Nifty2500.70 (+11.60)
US Dollar (Buy/Sell)45.74/45.87



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Surge in purchase of liability cover by IT, BPO entities
PURCHASE of liability insurance cover by information technology companies and business process outsourcing (BPO) entities has surged over the last two years. Mr Andrew Clarke, Executive Vice-President, Corporate Broking, Aeon Global Insurance ... More


Entry norms eased, licence fee cut for NLD, ILD players — Long distance phone tariffs set to drop
LONG distance telephone tariffs could drop by over 9 per cent, with the Government today announcing a reduction in entry fee for national (NLD) and international long distance (ILD) players to a uniform Rs 2.5 crore from the existing Rs 100 crore ... More

Industry lauds Govt's decision to ease norms for NLD/ILD players
THE telecom industry on Thursday welcomed the Government's decision to lower the entry barrier and reduce revenue share for long distance services, saying the move would ensure plurality of long distance players and lead to further fall in ... More

Airtel announces `free flight offer'
AIRTEL has announced a `free flight offer' wherein all its post-paid customers get an opportunity to avail themselves of a free Indian Airlines return ticket to select destinations in India. The offer is valid for all new and existing ... More

Govt in favour of ADC regime based on revenue share model: Maran
IN a move that could provide major relief to private telecom operators, the Government today favoured levying access deficit charge (ADC) on them as a percentage of their annual gross revenue instead of charging on a per call basis. Currently, ... More


Avalon to start another facility in MEPZ
AVALON Technologies, a subsidiary of the US-based Sienna Corporation, is starting a new manufacturing facility inside the Madras Export Processing Zone (MEPZ). This is the company's fourth facility inside the zone, according to Mr T.P. ... More


Satyam exits Sify; entire stake sold to Infinity Capital of US for $62.62 m
SATYAM Computer Services has sold its entire stake in Sify Ltd to the US-based Infinity Capital Venture, LP, which is controlled by Silicon Valley entrepreneur, Mr Raju Vegesna. The total purchase price for Satyam's 31.61 per cent stake was ... More

Flextronics Soft rolls out corporate ethics to its merged entities
THIS time, the rollout is with a difference. It's not a product, but a philosophy that Indian subsidiary Flextronics Software Systems (FSS) is to roll out to the companies that have been merged with it as a part of its takeover by the parent, ... More

DataStream upbeat on Indian market
DATASTREAM Systems, provider of asset performance management (APM) solutions, is upbeat about the Indian market. The company is confident of its flagship product — DataStream 7i — dominating the market considering the size and ... More

Infotech bags SP AusNet deal
SP AUSNET, an amalgamation of the former TXU Networks and SPI PowerNet in Australia, has selected Infotech Enterprises Ltd, a Hyderabad-based geospatial services company, to provide data maintenance services for its gas and electricity network ... More

Recognition for Wipro tool
BANGALORE: Wipro Technologies said on Thursday that the SAP Developer Network (SDN) has recognised its SAP NetWeaver Competence Group as a lead innovator and contributor to the SAP NetWeaver platform. The SAP NetWeaver Competence Group ... More

Panacea Tamil open source tool
CHENNAI: Panacea Dreamweavers Software Pvt Ltd has released its Windows-based open source Tamil language tools into the public domain. Its open source tools, application and source code — which are the product's DNA— are ... More

Tally Solutions issues 4.5 lakh licences of VAT accounting software
TALLY Solutions Pvt Ltd, an accounting software company, has issued 4.5 lakh licences in the post-VAT (value-added tax) regime, according to Mr Vinay Manjeshwar, Vice-President, Marketing, Software and Services Group, Tally Solutions Pvt Ltd. ... More


IEE, IIE merger to form Institute for Engg & Tech
THE global body of scientists and engineers, Institute of Electrical Engineers, will merge with the Institute of Incorporated Engineers (IIE) in mid-2006. The new entity, Institute for Engineering and Technology, will be 1,65,000-member ... More


Ayurveda therapy soon for computer-related diseases
VAIDYARATNAM Oushadhasala, one of the leading names in traditional Ayurvedic treatment in Kerala, is set to launch an integrated healing system for computer-related lifestyle diseases. The research centre of the Thrissur-based Vaidyaratnam ... More


CSI to help take ICT to the common man
THE Computer Society of India (CSI), the country's leading agency of technology professionals, plans to network with other agencies and build applications to take IT to the common man. CSI President Mr Lalit Sawhney told Business Line ... More


e-World CD release
PROF V. Rajaraman of IISc, Bangalore, who chaired Thursday's plenary session at the 40th annual convention of the Computer Society of India held here, released a book titled The State IT and Development, and e-World, a CD brought ... More


Nimaya Tech to expand, receives venture funding
NIMAYA Technologies, a technology solutions provider, has drawn up plans for expansion of its development centre in Hyderabad. The company plans to use its first round of cash infusion from the US-based venture capital firm Updata Partners, to ... More


Faraday medal for Azim Premji
BANGALORE: The Wipro Chairman, Mr Azim Premji, is to be awarded the Faraday Medal by the Institute of Electrical Engineers (IEE) on Friday.. He will be the first Indian to receive the medal. The Faraday Medal was established in 1922 to ... More


Intergraph CEO sees growth in spatial, GIS market
THE geographical information services (GIS) and spatial management market is set to expand rapidly in India presenting an opportunity to work with Government, defence and space agencies, according to Mr Halsey Wise, President and Chief Executive ... More

`Processors driving changes in embedded design'
DISTRIBUTED computing, which involves the use of two or more processors to solve an application, is a new technology trend in the field of embedded design. According to Mr Dave Wilson, Director, International Marketing, National Instruments, US, ... More

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