Financial Daily
from THE HINDU group of publications

Monday, October 23, 2000





Information Technology
The Internet paradox
YOU need the Internet to survive but you cannot depend entirely on the Internet market for survival. Sounds like a paradox? Well, two recent events have shown that this could well be true. One was the release of a PricewaterhouseCoopers' research report while another was a decision by an integrated portal to stop free services to ISP customers.

ShubhYatra, Easy Netcom in alliance
MUMBAI: Internet travel portal announced it had integrated a secure payment gateway through an agreement with Easy Netcom.

Intelligroup Asia reports upgrade
INTELLIGROUP Asia Ltd (IAL), part of the US-based Intelligroup Inc, a global application service provider (ASP), announced that it had attained the level-5 of software capability maturity model (SW-CMM).

Wipro, Infosys stage comeback
AFTER being beaten sharply through the previous week and the first half of last week, software stocks, particularly frontline stocks such as Infosys Technologies, Wipro and Hughes clawed their way back into reckoning.

LCC to tap S-E Asia market through Indonesia venture
LCC Infotech Ltd has set up a 50:50 joint venture in Indonesia in association with the Jakarta-based Tekriwal Group. The initiative is expected to facilitate the computer education major's plans to extend its franchisee network to South-East Asia, among other regions in the world.

Vintron eyes $3-million buys
THE Delhi-based personal computer (PC) maker, Vintron Informatics Ltd, has decided to go in for acquisitions to strengthen its newly-created software division, a top company official has said.

SynfoSys plans expansion
SYNFOSYS Business Solutions Ltd, the Hyderabad-based software development and products company, has drawn up expansion plans including strengthening its on-site development facility and support centre operations in Detroit, US, West Asia and Singapore.

Wipro secures Karnataka Bank order
BANGALORE: Wipro Infotech has secured a Rs 6-crore project for implementing a technology upgradation initiative for Karnataka Bank. Wipro is to be responsible for setting up a data centre, consolidate server and storage requirements, set up a wide -area network and complete the systems integration for the bank.

ICICI unveils portal
MUMBAI: ICICI Eco-Net Ltd, the e-commerce division of ICICI Ltd, has announced the launch of, a Calcutta-centric portal on the lines of its similar portals for Mumbai and Delhi called and

IBM, DCM competency centre
NEW DELHI: IBM India and DCM Data Systems have jointly set up a competency centre in the Capital, with the latter investing up to Rs 1 crore.

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