Financial Daily
from THE HINDU group of publications

Wednesday, January 24, 2001





Financial Performance
VisualSoft Q3 net zooms 174% at Rs 20.6 cr
VISUALSOFT Technologies has recorded a total income of Rs 41.65 crore and a net profit of Rs 20.64 crore for the third quarter ended December 31, 2000, as against a total income of Rs 18.69 crore and a net profit of Rs 7.52 crore for the corresponding pe riod last year.

Tata Infomedia Q3 net at Rs 3.22 cr
MUMBAI: Tata Infomedia Ltd has announced a net profit of Rs 3.22 crore for the third quarter ended December 31, 2000, which is marginally higher than the net profit of Rs 3.06 crore for the previous corresponding quarter.

Pentagon Global Q3 net up
CHENNAI: Pentagon Global has reported a net profit of Rs 2.31 crore, on a total income of Rs 8.93 crore for the third quarter ended December 31, 2000, compared to a net profit of Rs 8.70 lakh on a total income of Rs 1.03 crore for the same quarter last y ear. This represents over 2,500 per cent increase in net profit.

Information Technology
Schoolnet site-building contest for students
FOR the first time in the country, an inter-school Web site development contest, Schoolnet Website Contest 2000, is being organised by Schoolnet India across ten cities.

Adobe to invest $50 m in R&D
DESKTOP publishing major, Adobe Systems Inc, will invest up to $50 million in research and development (R&D) activities in India over a period of five years, the President and CEO, Mr Bruce Chizen, has said.

Oasis Infotech, CoD tie up for e-learning
OASIS Infotech Ltd, a Hyderabad-based software technology solutions company engaged in multimedia, e-learning and banking solutions, has announced a strategic alliance with Centre for Organisation Development (CoD) to offer specialised management develop ment programmes to the corporate clients and various other initiatives in the areas of human resource, organisational behavior and organisational development.

Adobe eyes e-governance
ADOBE Systems Inc, the second largest desktop software product maker after Microsoft, has expressed interest to join hands with the Ministry of Information Technology (MIT) in the latter's e-governance initiatives in the country.

Aztec to restructure into 3 business units
AZTEC Software and Technology Services Ltd, the Bangalore-based software solution provider for the Net-centric economy, is restructuring its business into three strategic business units.

Aptech to take majority stake in US firm
APTECH Ltd has announced that it will take 37.5 per cent in a Silicon Valley, e-learning solutions company, which would make it the largest stake-holder in the company.

InterX to go global
BANGALORE : InterX, the UK-based start-up, is planning to leverage its existing tie-up with Genisys Software to market its products worldwide.

Borland changes to Inprise Corp
BANGALORE : Borland Software Corporation has announced that the company has completed its name change from Inprise Corporation, a company release said.

Matrix Info eyes S-E Asian market
KOLKATA: Having bagged the coveted ISO 9001:1994 quality standards certification from Bureau Veritas Quality International, Matrix Infosystems Ltd has identified South-East Asia as a major growth area for its financial services software business.

`Develop low-cost IT tech indigenously'
THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has stressed upon the imperatives for developing indigenous and low-cost IT technology and applications. Such technology and applications should provide direct benefit to the people at large, he said in an address to the sixth annual exhibition of Computer Association of Eastern India (Compass) here.

MTNL to look beyond Delhi, Mumbai circles
MAHANAGAR Telephone Nigam Ltd (MTNL) plans to extend its presence to other cellular circles apart from Delhi and Mumbai where its services will be launched shortly.

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