Financial Daily from THE HINDU group of publications
Saturday, July 12, 2003
Markets (July 11)
BL 2501311.48 (+0.28)
BSE Sensex3676.26 (-3.37)
S&P CNX Nifty1161.65 (-0.70)
Dollar (Buy/Sell)46.09/46.22
Gold Std (10 gm)5265

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INFO-TECH

STORAGE


Brocade Comm in tech pact with NIC
BROCADE Communications Systems Inc., a provider of infrastructure for storage area networks (SANs), and the National Informatics Centre, a Government information technology organisation, have announced the `Centre for Excellence' initiative that ... More

TELECOMMUNICATIONS


Cellular subscriber base crosses 15 m
THE cellular subscriber base continues to be on the upswing again, with as many as 9.72 lakh additions in June as against 8.47 lakh in the previous month. The total subscriber base in the country has now touched 15.14 million, according the ... More

Tata Power investments in telecom at Rs 1,115 cr
TATA Power Company has increased its total investments in the telecom sector to Rs 1,115 crore during the financial year 2002-03. The company has invested an additional Rs 25 crore in Tata Teleservices Ltd, the Tata group's telecom flagship, ... More

COURTS/LEGAL ISSUES


First case filed under cyberlaw
A BANGALORE - BASED company has filed the first case for damages by way of compensation under Indian Cyberlaw ever since the Indian Information Technology Act came into effect in the year 2000. The case has been filed by Antares Systems Ltd ... More

STOCKS


`Tata group cos may ramp up on TCS public issue plan'
THE Government's decision to sell its residual stake of around 26 per cent in CMC is likely to strengthen the company's stock price on the bourses, feel brokers. "The belief that the Government might be in a position to make an offer higher ... More

Foreign funds up stake in MphasiS BFL
FOREIGN funds and the Indian public have hiked their holdings in MphasiS BFL in the quarter-ended June 2003, as compared with the previous quarter, whereas UTI has reduced its exposure in the company's stock. The public has increased its ... More

  • Satyam seeks nod to up FII limit

    HARDWARE


    PC sales up 37% in 2002-03 — Class B, C cities post 63 pc growth
    BEATING expectations, sales of personal computers in India grew by 37 per cent in 2002-03 to touch 2.3 million as corporates and Governments went on an overdrive on computerisation. According to the IT industry performance annual review by ... More

    SOFTWARE


    NeST Avionics to tap Indian, US, African markets
    Nest Avionics, Bangalore-based software provider, is targeting the Indian aviation sector with its products and solutions for the operational and logistic needs of the industry. It also plans to tap the African and US markets with its products. ... More

    INTERNET


  • JobsChronicle adds services

    HUMAN RESOURCES


    Want to check attrition, try the Hughes way
    A HIGH attrition rate continues to plague the Business Process Outsourcing (BPO) industry, with each player trying to curtail it in his own way. While some BPOs prescribed changing of employee profile as a solution and hence have increased the ... More

    OFF-SHORE DEVELOPMENT


    Virtusa to invest $11m to expand India operations
    VIRTUSA Corporation, a US-based software engineering services provider, has announced plans to expand its India operations here with investments of about $11 million this fiscal in this centre and recruit about 400 more techies. The Chairman ... More

    VIRUSES


    Corporates go for security software
    BE they banks, telecom companies or plain vanilla manufacturing companies, as corporate India gets networked and connected, Indian enterprises are on high alert. They are growing more security conscious as they get a taste of the strengths and ... More

    BROADBAND


    MTNL not keen on RailTel equity
    "We are not favourably inclined to lock up nearly half of our cash reserves in such an investment. We are exploring other opportunities, including investments abroad," the official said More

    EVENTS


    Shourie assures Central aid for Bengal's IT initiatives
    THE Union Minister for Communications, Information Technology and Disinvestment, Mr Arun Shourie, on Friday assured the West Bengal Government help from the Centre to realise the potential of the State's IT capabilities. Speaking at the ... More

    NEW PRODUCTS & SERVICES


    Sanyo to tap Indian digital cinema market potential
    SANYO Electric Co Ltd anticipates significant growth in the market for digital cinema equipment in India, and plans to exploit this segment with a launch of digital projectors later this year. According to Mr Kunihiro Okajima, Senior Staff, ... More

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    US court rejects Dr Reddy's plea against Pfizer

    PC sales up 37% in 2002-03 — Class B, C cities post 63 pc growth

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    Minister moots plan to boost `port tourism'

    Most major ports fare better in Q1 but fall short of targets

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    In Focus
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    Looking back
    Jun. 29-Jul. 5
    Pressure on billing rates to stay: Study

    TRAI asks Reliance to file separate ILD, NLD tariffs

    Hike in FDI sectoral cap in telecom unlikely

    `US firms save billions by offshoring to India'

    'Scope not bright for software exports to EU'

    `Mobile phones health concerns unproven'

    InfoTech plans foray into manufacturing


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