FINANCIAL PERFORMANCE
Infosys net profit up 28 pc in third quarter
INFOSYS Technologies Ltd today reported a 28 per cent rise in its net profits for the third quarter ending December 31, 2003, while its revenues grew by 28.9 per cent over the corresponding period last year, beating street expectations. ... More

SOFTWARE
Infosys: EPS catching up with revenue growth
INFOSYS Technologies has announced an upward revision in guidance for both revenues and per share earnings for 2003-04. And this was the key highlight of its earnings announcement for the third quarter ended December 31, 2003. Though this ... More

Infy net keeps pace with topline growth
THE net earnings of Infosys Technologies has kept pace with its topline growth for the third quarter of the current fiscal, signalling a stable price environment coupled with volume growth. The company maintained its net operating margins ... More

Siemens unveils total imaging matrix tech
SIEMENS Ltd has announced the launch of Total Imaging Matrix (Tim) technology, a new addition to the traditional process of Magnetic Resonance Imaging (MRI), here today. Tim was launched in Chicago five weeks back. According to Mr Raghavan ... More

`Software, ITES, hardware to gain from duty cut'
THE reduction of Customs duty on computer hardware from 25 per cent to 20 per cent, and the reduction of excise duty from 16 per cent to 8 per cent, will have a positive impact on the software, ITES sectors, according to CRISInfac, Crisil's ... More

INTERNET
Soon, music & movies at Reliance WebWorlds
RELIANCE WebWorld, the broadband browsing and retail phone centre, will soon introduce digital music and movies as value-adds to its bouquet. It has already tied up with some music companies to host music on its servers, Mr Dexter C. Bob, Head ... More

HUMAN RESOURCES
`Project managers hard to come by'
INFOSYS, which has floored its hiring accelerator, feels there is a resource crunch in the project manager segment for professionals with three-five years experience. The attrition of such professionals from Infosys is mainly due to better ... More

MERGERS & ACQUISITIONS
Qualcomm drops plan to take stake in Reliance Info
IT'S official now. Exactly two years after announcing that it would pump in $200 million to pick up four per cent equity stake in Reliance Infocomm, Qualcomm has decided to drop the plan. According to Dr Irwin Mark Jacobs, Chairman and CEO of ... More

ISPS
Asian countries keyed in to IPv6
ASIA happens to be the most happening place for IPv6 - deployment of the sixth version of the Internet protocol. Especially Japan and China, which are all keyed in, even as the rest of the world is taking notice, says MIT Technology ... More

E-GOVERNANCE
E&Y, NSE arm to advise I-T Dept on tech initiative
ERNST & Young (E&Y) and NSE.IT, the IT subsidiary of the NSE, have been chosen by the Income-Tax Department as technology advisors for the ongoing technology initiative that aims to provide online facilities to all taxpayers under the `Taxnet More

EVENTS
`Summit to work towards bridging digital divide'
INDIA'S expertise in various e-governance projects, the Param supercomputer and digital certification capabilities for secure e-commerce on the Web, can be reached out to the region, according to Mr S. Lakshminarayanan, Additional Secretary, ... More

VENTURE CAPITAL
Indian-founded tech cos raise $270 m in Q2
HI-TECH companies founded by Indians in the US raised about $270 million in venture capital/private equity financing during the quarter ended December 31. This, however, represents a drop in investment compared to the July-September quarter ... More