Financial Daily from THE HINDU group of publications
Monday, Jan 21, 2002

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Looking Back

January 19

  • Wipro posts 17 pc rise in Q3 net; to resort to strategic price cuts; Wipro

    Infotech earnings down; server sales down; betters performance in Europe.

  • MFs increase stake in Polaris.

  • Satyam trimming flab, actively seeks clients.

  • Bogus operators made a killing in ITES.

  • Sify calls EGM on Feb 28.

  • MS profit falls on legal charge.

  • ModiCorp to change name to SpiceCorp.

  • HCL Insys net down 16 pc.

  • Coral Telecom develops new integrated voice & data switch.

  • Sierra Optima posts lost in Q3.

  • Fabmart to open brick and mortar shops soon.

  • Aditi Tech aims at 30 pc growth; plans Europe offices.

    January 18

  • Tanning Tech to cut jobs.

  • Zhu calls for synergy in IT.

  • HP launches futuristic concept PC.

  • Fin Tech eyes US market.

  • Kanika Infotech board okays name change.

  • Tata Elxsi Q3 net up 19 pc.

  • Zhu okays Infy for China on the spot.

  • Batata to tarry awhile before GPRS offer.

  • Intel names Otellini as heir apparent of Barrett.

  • Apple posts $38 million Q1 profit.

  • Ranjekar exits Wipro to head APF.

  • Rise in PC prices may force MAIT to take relook at sales projections.

    January 17

  • Sify posts 54 pc drop in Q3 loss.

  • Campuses feel gloom of slowdown; bright 'uns stay away.

  • Hughes Soft Q3 net down 21 pc.

  • Veterans launch July Systems.

  • Digital Globalsoft Q3 net up 49 pc.

  • Slowdown temporary: Infy's Nilekani.

  • Rajiv Sahney quits as CEO of antfactory India.

  • McKinsey to ratify new biz plan for HSS.

  • SSI promoters raise pie by 3.8 pc.

  • Vismaya Tech scouts for $3 million funding.

    January 16

  • Tatas, Hughes call off talks for basic merger.

  • DoT prescribes Rs 25 crore entry fee for domestic ILD applicants.

  • PCOs don't hear rate-cut calls.

  • Moser-Baer posts Rs 62 crore net in Q3, expects revenues to double.

  • Hughes Tele posts Rs 37 crore Q3 loss.

  • NIIT promoters increase stake in co to 38.4 pc.

  • SSI promoters up stake to 27.8 pc.

    January 14

  • Motorola, HP may strike deals with Reliance Comm.

  • I-T sops for telecom likely to stay.

  • Via's C3 chips promise PCs for Rs 16,000.

  • Supreme Tele bags Rs 30 crore RailTel contract.

  • Batata posts fastest growth at 133 pc.

  • Tata Infotech in a recruitment freeze.

  • GTL's payment gateway project may be shelved.

  • Only two Indian companies among PC market toppers.

    January 13

  • Mastek Q3 net up 70 pc.

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    Looking Back

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