Financial Daily from THE HINDU group of publications
Wednesday, September 07, 2005
Markets (Sept 6)
BL 2502403.57 (+5.40)
BSE Sensex7946.78 (+21.54)
S&P CNX Nifty2428.65 (+5.70)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6375 (-5)


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TELECOMMUNICATIONS


Govt to set up joint working group of GSM, CDMA operators
THE Government will set up a joint working group of GSM and CDMA operators to resolve all contentious issues between the two sides including spectrum allocation, access deficit charges and interconnection. The decision was taken at a meeting of ... More

Cell firms seek number portability on fixed lines
CELLULAR operators have asked the telecom regulator to consider introducing number portability for fixed line telephone subscribers. The Cellular Operators Association of India (COAI) said incumbent operators still hold 89 per cent market ... More

STOCKS


Kemoil trims stake
CHENNAI: Kemoil Ltd, Hong Kong, foreign collaborator of California Software Ltd, has sold two lakh shares (4.064 per cent equity) of the latter in open market. Following this transaction, Kemoil's shareholding in California Software has ... More

SSI open offer at Rs 45
PROMOTERS of SSI Ltd have made an open offer to acquire 20 per cent of the company's outstanding shares at Rs 45 each. SSI is in the process of restructuring its operations and plans strategic investments to explore short to medium-term ... More

TAXATION


Ministry seeks uniform 4 pc VAT rate for IT products
VAT commissioners are working towards an eight-digit harmonised system of classification of items for a State-level VAT. More

HARDWARE


PC sales cross 10 lakh units in first quarter
BUCKING the slowdown in the January-March quarter of 2004-05, personal computer sales (including desktops and laptops) crossed 10.1 lakh units during the first quarter ended June 30, against 9.29 lakh units sold in the corresponding period of the ... More

Epson develops mini-projector
BANGALORE: Epson has announced that it had developed a prototype postcard-sized mini-projector using an LED light source. With a footprint of just 13.8 by 10.3 cm and a slender profile, the projector weighs 500 gm. Although the ... More

SOFTWARE


Wipro to implement Oracle solution for Karnataka Bank
WIPRO Infotech announced on Tuesday that it has signed a contract with Karnataka Bank for the implementation of a solution for asset liability management. Wipro will deploy Oracle's financial services application for the purpose, which will ... More

MindTree launches UWB programme
MINDTREE Consulting, a provider of Bluetooth technology-based intellectual properties (IP) and solutions, has launched an UWB (UltraWide Band) programme aimed at creating licensable cores of the digital layers of the UWB technology stack. UWB ... More

Euclid to sell ASP division to e4e
EUCLID Inc, a business service management (BSM) solutions provider, has announced that it would sell its ASP (application service provider) services to e4e Inc, a business process company. The sale provides e4e the ownership of Euclid's entire ... More

INTERNET


Makemytrip.com Indian Web site
MAKEMYTRIP.COM, an online travel company, today launched its new Web site (www.makemytrip.com) for the Indian market. The site offers complete travel solutions including online booking of air tickets, ... More

MERGERS & ACQUISITIONS


Raman Roy, team to buy 40 pc in Annik Tech
The investment indicates a strategic intent to support high-end knowledge-related services and work with companies with depth and focus in niche areas. More

REGULATORY BODIES & RULINGS


DoT, TRAI differ on penalising Tata Tele
THE Department of Telecom (DoT) and the telecom regulator are at variance once again this time over the issue of imposing a Rs 50-crore penalty on Tata Teleservices for violating licence conditions by offering push-to-talk services. The DoT ... More

E-COMMERCE & E-BUSINESS


Net-based trading gaining momentum
According to estimates, currently around 10 per cent of the daily turnover in the cash segment of the BSE and the NSE is generated through Net trading. More



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