Financial Daily
from THE HINDU group of publications

Wednesday, January 10, 2001





Financial Performance
California Software net up 110 pc
CHENNAI: California Software Co. Ltd has reported a net profit of Rs 1.15 crore on a turnover of Rs 9.54 crore for the quarter ended December 31, 2000, compared to a net profit of Rs 53.19 lakh on a turnover Rs 3.71 crore for the corresponding period las t year. This represents over 110 per cent increase in net profit.

Information Technology
MIT, LanBit pact for IT finishing school
PUNE: To cater to the requirements of the software professionals and project managers, the Maharashtra Academy of Engineering and Educational Researcher's (MAAER) MIT (Maharashtra Institute of Technology), Pune, has joined hands with LanBit India to esta blish a software finishing school.

Baidyanath products on
KOLKATA:, a Kolkata-specific medical and health portal, has tied up with Shree Baidyanath Ayurved Bhawan Ltd to sell the latter's products online.

Tanning Tech gets SEI SW-CMM Level 3
HYDERABAD: Tanning Technologies Corporation, a global systems integrator providing IT solutions that moves business strategies from concept to reality, has announced that Tanning Technology India has been assessed to operate at Level 3 of the Software En gineering Institute's (SEI's) Software Capability Maturity Model (SW-CMM).

Seminar on cyber law compliance
BANGALORE: The Indian Institute of Management Calcutta (IIMC) Alumni Association, Bangalore chapter, is organising a seminar on `Cyber Law Compliance: The Burning Issue' in Bangalore on January 19.

Cisco chief to meet PM
THE President and CEO of networking giant, Cisco Systems, Mr John T Chambers, will meet the Prime Minister, Mr Atal Bihari Vajpayee, and the Union IT Minister, Mr Pramod Mahajan, during his forthcoming visit to India beginning on January 15.

Wipro Tech to partner Thames Water
THAMES Water, the largest water and wastewater service provider of UK, has announced that it has selected Wipro Technologies as a key strategic outsourcing partner for application development, support and maintenance of its IS

Virage Logic to expand operations
VIRAGE Logic, a US-based company engaged in application specific embedded memory cores, is expanding its operations in the country by bringing in more investments and doubling its manpower, a top company official has said.

New faces on Infy board
EVER since Infosys decided to appoint external directors, its Board of Directors has been getting more and more eclectic.

Mistral to divest 20% for $3 m funds
MISTRAL Software Pvt Ltd, the Bangalore-based company specialising in embedded systems design and development and provider of software solutions, is planning to dilute 20 per cent of its equity to raise $3 million to finance its expansion plans.

`US slowdown won't affect Infy'
INFOSYS Technologies Ltd is not unduly worried about the current slowdown in US IT spending. ``We expect the current trend to favour the company,'' Mr Nandan Nilekani, Managing Director, said on Tuesday, basing his argument on a customer poll.

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