The Hindu Business Line : Thursday, May 30, 2002

`Strategic partner free to use reserves of divested PSUs'
STRATEGIC partners are free to utilise cash reserves of public sector units (PSUs) that have been privatised including investment in other companies provided the decision is ratified by the board under the provisions of the Companies Act, ... More

VSNL says it acted in its business interest -- No objection yet from Govt: Tatas
NEITHER Videsh Sanchar Nigam Ltd (VSNL) nor the Tata group has received any formal communication from the Government protesting the VSNL board's decision on Tuesday to invest up to Rs 1,200 crore in Tata TeleServices, said Mr Kishore Chaukar, ... More

VSNL: Govt nominee `opposed' it
IN what could lead to further complications for Videsh Sanchar Nigam Ltd (VSNL) in its spat with Union Communications Minister, Mr Pramod Mahajan, the Government nominee on its Board, Mr Rakesh Kumar, has shot off a letter to the Managing ... More

Bharti wants mobiles taken off 1/6 category
CELLULAR service provider Bharti on Wednesday made a strong case for the removal of ownership of a mobile phone from the list of the new one-by-six category for filing of income tax. Expressing what he said was a common industry concern, ... More

SOFTWARE

SIS Software to invest $1 m in Hyderabad centre
SIS Software India, a wholly owned subsidiary of Surgical Information Systems Inc, a solutions provider for the US healthcare industry, is set to invest about $1 million in its India facility at Hyderabad, add more professionals and port its ... More

Satyam brand value computed at Rs 3,200 cr
BRAND value of Satyam Computer Services, the Hyderabad-based software solutions provider and the fourth largest Indian IT firm, has been computed to $655.33 million or Rs 3,200 crore. The company, which was established a little over a decade, ... More

MRO-Tek net down 62 pc, to pay 30 pc
LAST mile access provider MRO-Tek Ltd's net profit for financial year 2001-02 dived to Rs 6.94 crore, down 61.95 per cent from Rs 18.24 crore a year ago, the company told reporters here on Wednesday. However, in a statement sent to the Bombay ... More

Wilco Intl buys German firm
WILCO International, a subsidiary of Automatic Data Processing Inc, has acquired German financial software and services provider ISAM GmbH, a Frankfurt-based firm with a subsidiary in Prague. This acquisition further enhances Wilco's and ADP's ... More

INTERVIEW

$5-billion dream is realisable: Premji
MR Azim Premji, Chairman, Wipro Ltd, may be one of the richest Indians. But, we discovered that he is still human. In a hurry to meet these writers on time at the lobby of the hotel, one of India's better-known figures in the software sector had ... More

ISPS

VoIP legalisation -- Webcams see an increase in sales
THE recent legalisation of VoIP (Voice over Internet Protocol) has seen an increase in the sales of Web cameras (Webcam). Vendors expect further sales growth in the days to come. Mr Sanjeev Shah, National Sales Manager, Logitech's India, said ... More

IT-ENABLED SERVICES

ITES cos move up the value chain -- Desi voices for anti-abortion campaign in US
THE success of a forthcoming anti-abortion campaign by an American politician would largely depend on a very remote factor — the rhetorical skills of some 20 youngsters in Noida. Sitting at a call centre run by HCL Technologies out of ... More

NEW PRODUCTS & SERVICES

Vismaya product for Wipro
BANGALORE: Vismaya Technologies has announced that it has successfully installed its newly developed Web collaboration product ``Webcontact''— a powerful tool to exchange information with customers on the Web — for Wipro ... More

BPL Mobile launches 32 K SIM card
KOCHI: BPL Mobile has announced the launch of its new powerful 32K SIM card so as to provide the subscribers the facility to navigate through a host of unique and customised services. The normal SIM card used at present had only ... More

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$5-billion dream is realisable: Premji

`Strategic partner free to use reserves of divested PSUs'

Foreign shareholding in India Inc ebbs

Prepaying external debt: Quite necessary

Why India lags in wealth generation

Water privatisation -- Torrent of trouble

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Simple Economics

Guide to derivatives

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