Financial Daily from THE HINDU group of publications
Saturday, January 11, 2003
Markets (Jan. 10)
BL 2501128.89 (-18.40)
BSE Sensex3358.99 (-25.21)
S&P CNX Nifty1080.25 (-17.10)
Dollar (Buy/Sell)47.93/48.06
Gold Std (10 gm)5680 (-30)

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ANNOUNCEMENTS


Satyam Q3 results on January 23
HYDERABAD: A meeting of the board of directors of Satyam Computer Services Ltd will be held on January 23 to consider the un-audited financial results for the quarter ended December 31, 2002, according to a company communication to the ... More

VisualSoft board meet on January 24
HYDERABAD: The board of directors of VisualSoft Technologies Ltd is scheduled to meet on January 24, to consider the company's un-audited financial results for the quarter ended December 31, ... More

OUTSOURCING


Infosys happily placed in outsourcing rush
TECHNOLOGY bellwether Infosys Technologies Ltd said that pressure on its operating margins will continue in near term as the firm invests in specialised manpower, software tools, physical infrastructure and as onsite efforts increase on the back ... More

TELECOMMUNICATIONS


AirTel to launch local direct dialling, voice portal
BHARTI Mobinet Ltd, the cellular service provider in Chennai belonging to the Bharti group, is all set to introduce two more facilities for its subscribers — local direct dialling and voice portal. In the local direct dialling facility, ... More

TRAI wants tribunal to clarify on tariff exemption to BSNL
THE Telecom Regulatory Authority of India (TRAI) has approached the Telecom Dispute Settlement Appellate Tribunal (TDSAT) seeking a clarification on its order earlier this week exempting Bharat Sanchar Nigam Ltd (BSNL) from submitting its ... More

JP Mobile launches new server
HYDERABAD: JP Mobile India, part of JP Mobile Inc, a software provider that helps manage data on handheld devices, has announced the general availability of its Surewave Sync Server 3.0 that helps in synchronisation and allows software ... More

INFRASTRUCTURE


KSIDC, CSL pact for IT park
THE Kerala State Industries Development Corporation (KSIDC) has signed an MoU with the public sector Cochin Shipyard Ltd (CSL) to set up an IT park in Kochi. The project envisages promotion of electronics hardware units, IT and other knowledge ... More

STOCKS


Goldman Sachs pares exposure in Infosys
GOLDMAN Sachs, the top client of Infosys Technologies, has pared its exposure in the Infosys stock while four new funds have picked up positions over one per cent in the quarter ended December 31, 2002. The institutional holding in the ... More

Infosys meltdown casts shadow on indices
DESPITE announcing a 24-per cent growth in net profit for the third quarter of 2003, Infosys Technologies today lost 7.5 per cent on the BSE, and was the leading drag on both the BSE-TECk index as well as the BSE Sensex. The stock lost Rs ... More

HARDWARE


PC sales up 18% in first half: MAIT
PERSONAL computer (PC) sales in India would cross two million mark a year for the first time this fiscal spurred by growth in telecom, banking and financial service, e-governance and general economic up-trend, the Manufacturers Association for ... More

Hardware industry calls for excise duty cut
THE Government should cut the excise duty on all IT products to eight per cent from the current 16 per cent in the Union Budget 2002-03 to help the country's hardware industry remain competitive, Manufacturers Association for Information ... More

SOFTWARE


Infosys Q3 net up 24 pc — 23 new clients, 1,133 more employees
THE largest listed software firm, Infosys Technologies, reported a year-on-year growth of 24.4 per cent in its net profits at Rs 256.31 crore for the third quarter ended December 31, 2002 (Rs 206 crore in the previous corresponding eriod) over a ... More

Geometric Q3 net at Rs 4.6 cr
GEOMETRIC Software Solutions' consolidated net profit for the quarter ended December 2002 has increased to Rs 4.66 crore, as compared to Rs 3.73 crore for the corresponding quarter last year, representing an increase of 24.6 per cent. The net ... More

ICON to distribute Tharas solutions
BANGALORE: Tharas Systems Inc, a provider of high-performance, hardware-assisted design verification solutions, has named ICON Design Automation Pvt Ltd of Bangalore, as its distributor in India. Tharas Systems' Hammer provides a ... More

INTERNET


Microsoft wriggling out of `.Net'
The company, which had stuck the marketing suffix `.Net' to products ranging from developer tools to servers in 2000 when it launched its strategy/technology platform for the provision of software and services over the Web, now says that term has ... More

URLs to be tweaked for Web services
THE Organisation for the Advancement of Structured Information Standards (OASIS), an international standards body, has announced that it will try and improve URLs or Web addresses so that developers have a better way of designing and locating Web ... More

`USO Fund will support spread of mobile Net'
THE Universal Service Obligation Fund (USO) will support the spread of mobile Internet to the interior of the country, but the popularity of the service would depend upon how operators make it affordable and value for money, said former Telecom ... More

ALLIANCES & JOINT VENTURES


Magnasoft, Laser-Scan join hands
BANGALORE: Magnasoft, a major provider of end-to-end GIS solutions, has entered into a strategic alliance with Laser-Scan of UK, an innovative solution provider for geographic information. This alliance will augment Magnasoft's range ... More

E-COMMERCE & E-BUSINESS


GRT opens online payment system
CHENNAI: The Chennai-based jewellery store, GRT, has opened its online payment gateway with ICICI Bank and has also come out with a jewellery-gifting scheme. The jewellery store won the international `Golden Web Award' for 2002-03 for ... More

EVENTS


40% more queries seen at Compass `03
BUSINESS enquiries at the forthcoming Compass 2003, the annual IT event organised by the Computer Association of Eastern India (Compass), is expected to go up by ``at least 40 per cent'' from enquiries worth Rs 200 crore that was generated in ... More

VENTURE CAPITAL


Jataayu eyeing $5-m second-round funds
Jataayu is in the process of charting aggressive plans for Europe and expects to break into the big-ticket accounts of the top-five mobile handset manufacturers. More
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