Financial Daily from THE HINDU group of publications
Saturday, July 20, 2002
Markets (July 19)
BL 2501123.14 (-7.07)
BSE Sensex3230.27 (-15.47)
S&P CNX Nifty1035.90 (-5.40)
Dollar (Buy/Sell)48.69/48.82

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Visesh lines up pref issue for acquisition
VISESH Infosystems Ltd, the Bangalore-based software solutions provider, proposes to make a preferential allotment of 37.5 lakh equity shares to stakeholders of the Delhi-based Infotecnics India Ltd to part fund its acquisition plans. Visesh ... More


Bharti dials international — Tariff war hots up
BHARTI Telesonic Ltd, the long-distance telephony arm of the Bharti group, has announced the commercial launch of its international long-distance (ILD) services under its brand name `IndiaOne.' This makes it the first private operator to start ... More

VSNL cuts rates up to 40 pc
VIDESH Sanchar Nigam Ltd (VSNL) has announced cuts of up to 40 per cent in its international long distance (ILD) tariffs. The company's tariff rates for outgoing traffic to countries in the US have been sizeably reduced by over 40 per cent ... More

Bharti slashes AirTel charges
CHENNAI: Bharti Mobinet Ltd has reduced the airtime charges for AirTel customers in Chennai. The revised airtime charges would be Rs 2.49 per 60 seconds for outgoing calls, a 38 per cent drop from the earlier charges, effectively from ... More


TVS-E may acquire Auctionindia
CHENNAI: The city-based TVS-Electronics plans to acquire Pvt Ltd from TVS Finance Ltd, a group company. TVS Electronics' board will meet on July 25 for the unaudited results and acquisition of business of ... More

D-Link posts net profit of Rs 5.75 cr
MUMBAI: D-Link Corporation has posted a net profit of Rs 5.75 crore for the quarter ended June 30, 2002 compared to Rs 5.12 core during the corresponding period last year. Sales for the quarter stood at Rs 41.89 crore as against Rs ... More


Wipro's new mantra is strategic value
WIPRO'S new mantra seems to be "strategic value". Mr Azim H Premji, Chairman, said that "strategic value" was behind the company's acquisition of GE Medical Systems Information Technology with 130 people for Rs 110 crore. There were more ... More

Wipro Q1 net drops to Rs 220 cr — Buys majority stake in Spectramind for Rs 406.9 cr
WIPRO Ltd, which announced its first quarter results today reported higher revenues for the quarter but lower PAT year-on-year. Revenues from operations were up by 19 per cent to Rs 930 crore year-on-year (excluding revenues of Rs 3.8 crore from ... More

Mascot Q1 net profit at Rs 8 cr
MASCOT Systems has reported sequential growth in revenues and profit after tax (PAT) for the first quarter of financial year 2003, though year-on-year the figures for this quarter are lower. Revenues in Q1 of financial year 2003 grew by 3.4 ... More


Rubber Board's interactive Web site on stream
THE Kochi-based Team e-biz Ltd, a e-business solutions provider, has developed an interactive informative portal for Rubber Board for the benefit of the rubber fraternity. The major highlight of the portal - More


NIIT bags Rs 155-cr school project
NIIT Ltd, IT training major, has bagged the Rs 155-crore project of the Andhra Pradesh Government to impart computer education to over 3 lakh high school students in 663 Government schools. An agreement for this project, spread over a five-year ... More


Bangalore among world's top intelligent communities
BANGALORE figures among the world's Top Seven Intelligent Communities of 2002 selected by the Intelligent Community Forum (ICF). ICF is a special interest group within the World Teleport Association, which focuses on the uses of broadband ... More


SSI to restructure operations
THE city-based SSI Ltd is to restructure its operations to run the software services and training businesses separately. Increasingly, the management and investment needs of the two divisions had become distinctly different, and the ... More


HCL Tech buys 35.5 pc stake in Aquila Tech
SOFTWARE major, HCL Technologies Ltd, today said it has acquired through one of its subsidiaries a 35.5 per cent stake in Aquila Technologies Pvt Ltd for Rs 5.55 crore. Aquila is a Bangalore-based software solutions provider in the areas of ... More


neoIT in partnership with Lawson Soft
BANGALORE: neoIT, a provider of technology and advisory services on Friday announced a partnership with Lawson Software, a US-based company providing mission-critical enterprise software solutions that help services organisations ... More


Dishnet-DSL launches VoIP
DISHNET-DSL has launched "helloworld", its Internet telephony card. The VoIP card will be available from Rs 100 onwards and goes up to Rs 10,000. The higher end product is targeted towards bulk and corporate users, says a company release. The ... More


CMC targets Rs 1,000-cr turnover by next fiscal
CMC Ltd, a leading systems integrator in the country with a significant business from the domestic market, is targeting a total turnover of about Rs 1,000 crore by next fiscal. The company also plans to increase its exports to about 35 per ... More


Raman Roy back in the limelight
TWO years ago, he was in the news for chucking his job with GE Capital and becoming an entrepreneur. Today, Mr Raman Roy of Spectramind, one of the country's largest call centre companies, is again hitting headlines. Though this time around, ... More

George Varghese quits Hughes Tele
MUMBAI: Hughes India Ltd has informed the Bombay Stock Exchange that Mr George Varghese, President & Chief Executive Officer, has resigned from the services of the company with effect from July 19. Mr Vivek Sett, Chief Financial ... More

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Top Stories
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