Financial Daily from THE HINDU group of publications
Thursday, November 06, 2003
Markets (Nov. 5)
BL 2501762.73 (+1.76)
BSE Sensex5064.91 (-32.93)
S&P CNX Nifty1609.15 (-9.55)
US Dollar (Buy/Sell)45.26/45.39
Gold Std (10 gm)5735 (+45)

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ANNOUNCEMENTS


CyberBazar hub in Hyderabad
CYBERBAZAR, an independent value-added telecom and conferencing services provider for enterprises, has announced plans to set up a hub at Hyderabad. The hub will house a captive customer care centre and enable easy access to clients in Andhra ... More

TELECOMMUNICATIONS


TRAI nod not needed to fix basic services tariffs
THE Telecom Regulatory Authority of India (TRAI) has issued a notification, making it free for basic telecom operators to fix the tariffs (except for rural subscribers) without seeking prior approval from it. So far, while cellular and limited ... More

GSM operators' margin may come under pressure: Crisil
Smaller players would be more sensitive to competitive pressures. Larger players should find it easier as lenders are expected to take a positive view on the regulatory clarity. More

Cellular base crosses 19.35 million
THE cellular subscriber base in the country has crossed 19.35 million, with an addition of over 10.80 lakh customers in October 2003. As per the latest estimates of the Cellular Operators Association of India (COAI), the regions in Circle A ... More

Touchtel plans direct marketing campaign
AFTER doing a series of outdoor advertising campaigns, Touchtel now plans to concentrate on direct marketing. "Servicing customer needs and adding new customers is what we are focusing on. We believe that spending money on customer service would ... More

Escotel offer to new clients
KOCHI: Escotel Mobile Communications Ltd, which has achieved three lakh customer mark in Kerala, has announced a free three days and two nights holiday in Goa or Yercaud for its new post-paid and prepaid customers in Kerala. The offer is ... More

STOCKS


Premiums widen for infotech ADRs
THE Infosys ADR trades at a premium of 62 per cent to its domestic stock price. So do Satyam Computer Services and Wipro; Satyam ADR now trades at a premium of 45 per cent and Wipro, at 20 per cent. The premium for these stocks stood at 44 per ... More

SOFTWARE


Windows Malayalam version by December
THE Malayalam version of the popular computer operating system, `Windows', would be available in December. Sources in the Kerala State IT Mission quoted officials of Microsoft India as saying that the software is going through the final stages ... More

MERGERS & ACQUISITIONS


GlobespanVirata, Conexant merge; to expand Indian unit
GLOBESPANVIRATA, a US-based broadband communication solutions provider that is merging with the Nasdaq-listed Conexant Systems Inc, will invest $15-20 million in India in research and development, a top company official has said. "After the ... More

Novell to buy Linux developer
The acquisition will expand Novell's ability to provide enterprise-class services and support on the Linux platform. More

INTERVIEW


Hexaware bet on PeopleSoft has paid off
When Mr Rusi Brij took over as the Chief Executive Officer in 2001 Hexaware Technologies was going through a bad patch (it reported a net loss of Rs 8.47 crore during December 2001 quarter). The Aptech-Hexaware merger was also on cards. Today, ... More

EVENTS


Karnataka, Penang sign pact
IN an alliance aimed at leveraging their strengths in software and hardware, respectively, Karnataka and Penang, Malaysia, on Wednesday signed an MoU to create an alternate manufacturing hub to China in India. The MoU was signed by the ... More

Move on to next practices: Prahalad
COST-CUTTING by industries, breakthrough technologies and niche outsourcing opportunities are high-growth areas that the Indian ICT sector must focus on, experts at the TiE conference here have said. Indian companies must move away from their ... More

Saying it with pop corn
The Goa Chief Minister, Mr Mohan Parrikar, walking casually, largely unnoticed, at the venue of Bangalore IT.Com 2003 on Wednesday.

More

Workshop on e-learning
HYDERABAD: The Centre for Research and Education (CREED), a non-Government organisation (NGO), is organising a two-day e-learning workshop with Prof. Badrul Khan, a noted Web-based training and Professor of educational technology at the ... More

PEOPLE


Advisor to Webel academy named
TOONZ Animation India has announced that the veteran animation expert, Mr Bill Mathews of Walt Disney Feature Animation, is being appointed Special Advisor to the proposed animation academy, which it is co-promoting with the West Bengal ... More

Prof Sawhney to visit India
PROF. Mohanbir Sawhney, Director of the Centre for Research and Technology at the Kellogg School of Management, who was named by Business Week last year as one of the 25 most influential people in e-business, is visiting India in the first ... More


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ICAI plans to set up shop in UAE Knowledge Village

Ashok Leyland vehicle sales up 72% in Oct

Ministry bid to lure venture capital for entertainment sector

Cellular base crosses 19.35 million

Tatas' pick-up on the growth track

Penalty for spurious drugs; but what about fake doctors?

Higher steel prices have limited impact on end-users: Crisil

In Focus
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
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Swati CA
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Simple Economics
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Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Oct. 26-Nov. 1
Infosys bets on Finacle for China growth — Plans to localise product suite at proposed subsidiary

Telecom tariffs may fall further

Idea Cellular achieves financial closure — 'Largest-ever' in the country


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