Financial Daily from THE HINDU group of publications
Saturday, August 24, 2002
Markets (Aug. 23)
BL 2501089.23 (+6.15)
BSE Sensex3119.18 (+38.48)
S&P CNX Nifty995.20 (+9.50)
Dollar (Buy/Sell)48.49/48.63
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OUTSOURCING


`India amidst BPO revolution'
A SURVEY conducted by the Associated Chambers of Commerce and Industry of India (Assocham) has revealed that India is in the midst of a revolution in business process outsourcing (BPO), the demand for which is anticipated to grow by at least 15 ... More

TELECOMMUNICATIONS


Village telephony gets a big push
THERE has been a 240 per cent jump in the deployment of village public telephones (VPT) by private basic operators — Tata TeleServices, Reliance Telecom, HFCL Infotel, Hughes Tele.com, Bharti Telenet and Shyam Telelink — in the first ... More

Tata Tele to enter TN soon
TATA Teleservices Ltd hopes to roll out its wireless services in Tamil Nadu in eight weeks' time, according to Mr R. Balachandran, Chief Operating Officer, Tata Teleservices (Tamil Nadu Circle). Mr Balachandran told Business Line that a ... More

AirTel cuts roaming charges
BANGALORE: Bharti Mobile has announced a reduction in roaming charges for subscribers roaming on AirTel networks with effect from August 16. Subscribers roaming into other AirTel circles will be charged Rs 1.49 per minute instead of ... More

STOCKS


Order flow hopes propel Mastek — Record volumes on FII buying
THE stock of Mumbai-based software solutions provider Mastek saw a record volumes, with over 1.5 times of the company's equity being traded on the bourses today. The rise in volumes and price was spurred by institutional buying on the back of an ... More

SOFTWARE


IIITM-K to hand over incubated unit to US firm
TRANSVERSAL e Networks (TeN), the first IT products and solutions venture to be successfully incubated at the Indian Institute of Information Technology and Management-Kerala (IIITM-K) in Technopark, has found a foster parent in US Software, a ... More

OFF-SHORE DEVELOPMENT


MatrixOne arm to leverage cost
MATRIXONE Inc, a company that provides collaborative product lifecycle management (PLM) solutions, has set up an India arm — MatrixOne India Pvt Ltd. The Indian company is actually a subsidiary of the Scandent Group by virtue of a ... More

SECURITY


RSA Security bullish on emerging market potential
RSA Security, an information security company, is bullish on the emerging Indian market. The company, which marked its Indian presence in February this year, hopes to rope in about 50 Indian companies as customers by the year-end, said Mr ... More

OUTLOOK


Hummingbird to expand thru' e-governance
HUMMINGBIRD Ltd, a Canadian enterprise software company, is expanding its operations in India by catering to the e-Government initiatives, a top company official has said. "We have worked side by side with the Canadian Government for their ... More

Zenith Info to tap rural, co-op banks
ZENITH Infotech, the software arm of Rs 210 crore Zenith Computers Ltd, is planning to tap the rural and co-operative banks for its banking software Banc724. A largely neglected area, the 65,000 rural lending institutions in the country, form ... More

EFI to invest close to $10 m in India — To hire 200 engineers in near term
THE US-based Electronics For Imaging Inc, post buy-out of wireless messaging software company Unimobile plans to invest close to $10 million to scale up its Indian presence. The company plans to hire about 200 engineers in the near term, part ... More

TRENDS


Confessions of a reluctant Netizen
You've got mail! The words dance on the computer screen, lighting up the early moments of my day. Until I scroll down the 17 messages in my Hotmail inbox — and find 15 of them are just junk. What do they offer? Free CDs, with strings ... More

NEW PRODUCTS & SERVICES


Dual fuel electronic control system
HYDERABAD: Indus Research and Development Ltd (IndusRAD), a Hyderabad-based organisation with offices in Dunlap, Illinois (US), has delivered an electronic control system for Caterpillar's (US) highway truck engines that use a ... More
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