Financial Daily
from THE HINDU group of publications

Thursday, November 23, 2000





Information Technology
Carlyle invests $2.25 m in FSS
THE US-based Carlyle Group has invested $2.25 million in the Chennai-based Financial Software and Systems Pvt Ltd (FSS).

Aptech arm in pact with Australian co
ASSET International, the high-end technology training arm of Aptech Ltd and Australian IT Careers Institute (AITCI), have joined hands to launch an international course in ecommerce and information technology.

Allen Bradley to push new strategy
ALLEN Bradley India Ltd, a wholly-owned subsidiary of the US-based $4.5-billion Rockwell Automation Inc, has announced its new business strategy, `e-manufacturing', which it claimed would help manufacturing companies integrate their automation processes with the help of information technology.

Vanenburg draws up plans for Rs 75-cr infusion
VANENBURG Business IT Solutions India (VBITS), part of the Netherlands-based Vanenburg group, an IT venture incubator founded by the Baan brothers in 1995, has drawn up plans to invest around Rs 75 crore in the second phase of its Global IT Venture Incub ator and IT Park in Hyderabad.

Net user base up 1 m in six months
NOTHING can be more exponential than this. In a matter of just six months, the Internet subscriber base in India has grown by a staggering one million.

UTVi plans regional vortals
AFTER the successful launch of its regional portals in Tamil and Gujarati -- and -- UTV Interactive (UTVi), a UTV Group company, is planning to launch portals in other south Indian languages.

GDR Software plans foray into US -- To focus on Internet consultancy
THE Bangalore-based GDR Software is planning to offer on-site consultancy services for the Internet space in the US market from early next year.

STG bags software contract from Army
NEW DELHI: Software Technology Group (STG), an IT services organisation, has bagged a Rs 1- crore order from the Indian Army's Embarkation Headquarters for system integration.

DishnetDSL launches gift pack
CHENNAI: DishnetDSL has launched Time 2 surf gift pack, containing 10 one-hour coupons, which can be used in any of the 102 hubs of Dishnet across the country.

Alopa alliance with Portal Software
BANGALORE : Alopa Networks, a Silicon Valley start-up specialising in broadband subscriber service solutions, has announced a strategic tie-up with the US-based Portal Software Inc.

Sitara plans Bangalore office
BANGALORE: Sitara Networks, a US-based network traffic management solutions provider is planning to set up a liaison office in Bangalore early next year.

Planetasia build-up of
BANGALORE: Planetasia, a leading Internet professional services company, has announced the build-up of significant traction of its Ariba-built global tyre marketplace --

Acer minitower with Pentium 4
BANGALORE: Acer has announced that its Veriton 9100 business minitower features the Intel Pentium 4 processor, giving Acer customers today's most powerful video and audio processor specifically designed for the latest Web-based media.

HCL unveils workstation range
BANGALORE: HCL Infosystems has announced the launch of its latest range of `Infinity Challenger Workstations' incorporating the next generation Intel Pentium 4 processor.

IFC to invest $2 m in Spryance
THE International Finance Corporation (IFC) is investing $2 million as equity in, Inc. for establishing a remote services Internet marketplace based in India.

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