Financial Daily
from THE HINDU group of publications

Wednesday, October 25, 2000





Information Technology
Deldot Systems mulls acquisition in UK
DELDOT Systems Ltd, the Bangalore-based provider of infotech solutions, is considering the acquisition of a small company in the UK. to open subsidiary in US
NEW DELHI:, the recruitment solutions provider, has decided to set up a subsidiary office in the US with an investment of $4 million over the next two years.

Compudyne chooses Lisle Tech as partner
BANGALORE: The Bangalore-based Compudyne Winfosystems Ltd has formed a business partnership with Lisle Technology Partners to develop e-commerce and multimedia projects fro their clients.

Computech shares on pvt placement
MUMBAI: The Board of Directors of Computech International Ltd has allotted 15 lakh equity shares at a premium of Rs 180 per share on private placement basis as per SEBI guidelines, the company has told the Bombay Stock Exchange. -- Our Bureau

Net services from HCL InfiNet
CHENNAI: HCL InfiNet, the Internet services subsidiary of HCL Infosystems, has announced the launch of its value-added Internet services in Chennai.

Metrowerks sets up software lab
NEW DELHI: Metrowerks, a US-based software company owned by Motorola, has opened a software development laboratory in Noida.

Ibhar bags $2.5-m order
CHENNAI: The Chennai-based Ibhar Software Private Ltd, a CRM solution provider, has bagged an order worth $2.5 million from NetFinex Ltd, a SSI-Nasdaq company operating in the areas of financial advisory services.

HP launches research operation
BANGALORE: Hewlett Packard Company has announced the creation of India Research Operation (IRO) at the HP India Software Operations in Bangalore.

CBSI software for Miradiant
BANGALORE: Complete Business Solutions (India) Ltd (CBSI) has delivered the first software release for Miradiant Global Network, a provider of powerful worldwide business-to-business solutions for transaction settlement and e-finance.

Australia keen to source IT skills from India
`DOWN Under', an India-born industry (IT) honcho, Mr Neville Roach, is fast becoming the catalyst in opening up opportunities for Indian software professionals and forging better Australia-India trade and industry relations.

Ernakulam Telecom launches online bill payment system
THE Ernakulam Telecommunications has launched a novel method for the payment of telephone bills on-line. This is the first time such an on-line system has been implemented in the country.

Web television comes to India with
ONE of the fastest growing home entertainment mediums, television on the Web, has entered India with the launch of, a unique portal that has standup comedy, music and games created originally for the Net.

Web site for ornamental fishes
THE School of Industrial Fisheries of the Cochin University of Science and Technology has created a new Web site to exploit the market potential for indigenous ornamental fishes of Kerala.

Ramco Systems plans partnership programme
RAMCO Systems Ltd (RSL), a company specialising in developing and supplying ERP products, plans to launch a `Value Net Partnership' programme to draw international partners for `pushing' Ramco Virtual Works.

SAS is now Sasken, plans IPO soon
THE Bangalore-based Silicon Automation Systems Ltd (SAS) has formally announced the company's new corporate identity as Sasken Communication Technologies Ltd.

Chip Engines gets $10-m in funding
CHIP Engines (India) Pvt Ltd (CEIPL), part of the US-based Chip Engines Inc, which is setting up a modern chip design and development centre in Hyderabad, has received a first round funding of around $10 million.

15 Singapore IT cos to take part in fair
IT.COM 2000 will host 15 Singapore infocomm companies that are looking for strategic alliances with Indian companies. Three Government agencies are also to participate.

NetPlane takes off with R&D centre
THE US-based NetPlane Systems Inc has announced the launch of its fully-owned Indian subsidiary -- NetPlane Network Technologies (India) -- and commissioned its research and development centre at Hyderabad.

Agilent acquires two outfits
AGILENT Technologies of the US -- earlier part of Hewlett-Packard Company -- has acquired Digital Technology Inc of Bedford in US and its sister company, the Calcutta-based Dynamic Digital Technology Pvt Ltd, for an undisclosed amount.

CIOL, neoIT in tie-up for outsourcing
CYBER India Online Ltd (CIOL), which runs the information technology portal,, has announced a strategic alliance with US company, neoIT, a global IT outsourcing services marketplace.

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