Financial Daily from THE HINDU group of publications
Tuesday, July 26, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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TELECOMMUNICATIONS


Idea customers can access e-mails on handsets now
IDEA Cellular Ltd has announced the launch of two specially designed e-mail solutions — one for the business user and the other for the individual customer. With this, an Idea customer can access e-mail with a range of GPRS -enabled ... More

Aksh Optifibre keen to tap overseas markets
AKSH Optifibre Ltd, which manufacturers cables and cable accessories, has started to tap opportunities emerging in select African countries, including Senegal. The company plans to cater to the demand for turnkey optical fibre cable and ... More

FINANCIAL PERFORMANCE


MTNL Q1 net falls 26 pc to Rs 172 cr
NEW DELHI: Mahanagar Telephone Nigam Ltd today reported 26-per cent decline in net profit for the quarter ended June 30 to Rs 172.48 crore compared to Rs 233.9 crore during the corresponding quarter last year. The income from services ... More

Helios & Matheson posts higher net, turnover
CHENNAI: Helios & Matheson, the Chennai-based software firm, has reported a net profit of Rs 7.91 crore on revenues of Rs 49.67 crore for the quarter ended June 30, 2005 compared to a net profit of Rs 2.92 crore on revenues of Rs 24.71 ... More

TVS-Electronics Q1 net down
CHENNAI: TVS-Electronics, the Chennai-based computer peripheral manufacturer, has reported a net loss of Rs 79 lakh on revenues of Rs 52.09 crore for the first quarter ended June 30 compared to net profit of Rs 1.47 crore on revenues of Rs ... More

SOFTWARE


Cognizant expanding Chennai facility
COGNIZANT Technology Solutions, the US-based information technology solutions provider, is expanding its Chennai facility by leasing a ready-to-occupy private information technology park near the IT corridor on Old Mahabalipuram road and ... More

Micrsoft India sets up project innovation centre
MICROSOFT India Development Centre (MIDC) has announced the setting up of an Engineering and Product Innovation Centre (EPIC) and the induction of Mr Nagesh Pabbisetty as the General Manager of this centre. Mr Nagesh joins Microsoft from ... More

Ramco suite for Novar India
CHENNAI: Ramco Systems, provider of enterprise solutions, has implemented discrete manufacturing suite of Ramco e.Applications with Novar India (formerly known as MK Electric), which manufacturers low voltage electrical, voice and data and ... More

MERGERS & ACQUISITIONS


VSNL to buy Teleglobe for Rs 1,000 cr
BARELY a month after it announced the closure of its acquisition of Tyco Global Network for $130 million (over Rs 550 crore), Videsh Sanchar Nigam has entered into an agreement to acquire Teleglobe International Holdings Ltd for $239 million ... More

SECURITY


Intoto tool gets NSS status
HYDERABAD: Intoto has announced its IntruPro, an Intrusion Prevention System (IPS) software, has received the NSS-approved status after stringent tests relating to security effectiveness, performance, stability and usability. The NSS ... More

BROADBAND


Airtel offers broadband services at dial-up rates — Unlimited downloads; no monthly rentals
IT could be the end of dial-up Internet access. Airtel Broadband & Telephone Services on Monday brought down the tariff for high-speed broadband services to Rs 30 an hour, which is the same that a consumer pays for a much slower dial-up Internet More

PEOPLE


Wipro US sales head quits; Shekar to take over
WIPRO'S head of sales for America, Mr Rich Garnick, has resigned. Mr Garnick the second senior executive to leave the company after Mr Vivek Paul, Vice-Chairman and CEO, quit recently. Wipro in a press release said Mr Garnick had resigned after ... More

Raju is now Chief Mentor of VisualSoft
THE Chairman and Managing Director of VisualSoft Technologies Ltd, Mr D.V.S. Raju, is stepping down as Managing Director of the company to pave the way for Mr Sudhakar R. Gunturu. However, Mr Raju, who started the company in December 1995, ... More



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Airtel offers broadband services at dial-up rates — Unlimited downloads; no monthly rentals


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Jul. 17-Jul. 23
`Focus on new services paying off for Infosys'

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