Financial Daily from THE HINDU group of publications
Thursday, April 18, 2002
Markets (April 17)
BL 2501157.55 (+5.06)
BSE Sensex3421.82 (+8.10)
S&P CNX Nifty1125.10 (+6.35)
Dollar (Buy/Sell)48.90/49.03
Gold Std (10 gm)5030 (+20)

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Swadhan network of ATMs in trouble -- US co threatens to remove software products
THE Swadhan, India's first shared payment network service, has run into rough weather, with the ACI India, part of the US-based Applied Communication Inc, threatening to physically remove the software products from India Switch Company (ISC), the ... More


Infosys launches Progeon
BANGALORE: Infosys Technologies Ltd has announced the launch of its business process management venture, called Progeon Ltd, in which it would hold a majority stake. Infosys, which is investing $5 million in the venture, has got ... More


Telecom PSUs face dead end
IN what could be big blow to telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the Department of Telecommunications (DoT) is unlikely to grant them permission to venture into international long-distance ... More

Assured returns to foreign investors -- DoT pushing for further amendments to Cos Act
THE Department of Telecommunications (DoT) is pushing for amendments to the Companies Act, in a bid to ensure assured returns to foreign investors and make their investments in the telecom sector lucrative. According to official sources, DoT ... More

Making the right call
Lower duties and an untapped market have seen several cell-phone majors line up a slew of launches which they hope will steal the thunder from the grey market. More

Any tech for WLL is okay for DoT
THE Department of Telecommunications (DoT) has finally, in writing, spelt out its stand on the contentious issue of the technology interface to be used for rolling out limited mobility (WLL) services across the country. In an affidavit filed ... More

`BSNL cannot survive without Plan support'
THE Parliamentary Standing Committee on Information Technology has expressed its concern at the financial burden of Bharat Sanchar Nigam Ltd (BSNL) in fulfilling its social obligations. In its thirty-fourth report tabled in the Lok Sabha, the ... More


Tap $30-b China market: Nasscom
EVEN as fears of competition from China seem to pervade the domestic IT industry, the National Association of Software and Services Companies (Nasscom) has asked the software companies to look for opportunities in the rapidly growing Chinese ... More

  • Sonata Software


    Satyam Info net loss up at $147.5 m
    SATYAM Infoway Ltd, the city-based Internet network and e-commerce company, has reported a net loss of $147.5 million for the year ended March 31, 2002, compared to $51.4 million the previous year. The increase in net loss was mainly due to a ... More

    Satyam Info limited access may cost more
    SATYAM Infoway Ltd is looking at the option of increasing the prices of its limited access package. It has increased the prices of unlimited access packages by over 60 per cent from April 1. "At the current price, we are not even meeting the ... More


    Siemens Info signs pact with VocalTec
    SIEMENS Information Systems Ltd has signed a distribution agreement with the US company, VocalTec Communications Ltd., for including the latter's Voice over Internet Protocol (VoIP) solutions with its end-to-end system integration ... More

    Infosys deal with Nordstrom
    BANGALORE: Infosys has entered into a partnership with Nordstrom to install and launch Oracle financial system that increases flexibility and back-office efficiency. The new financial system being put in place by the fashion ... More


    HSBC launches Internet merchant services
    THE Hong Kong and Shanghai Banking Corporation Ltd (HSBC) on Wednesday launched `Internet merchant services,' facilitating a secure means to process credit card payments online through its Internet payment gateway. The payment gateway will ... More


    Sifymail to have virus-free service
    COIMBATORE: Faced with an onslaught of viruses and other forms of malicious code and content, Internet subscribers have started to look for security needs and limitations. Taking the cue, the consumer portal of Satyam Infoway Ltd ... More


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  • Top Stories
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