Financial Daily from THE HINDU group of publications
Thursday, October 20, 2005
Markets (October 19)
BL 2502271.50 (-57.36)
BSE Sensex7971.06(-151.19)
S&P CNX Nifty2412.45 (-55.75)
US Dollar (Buy/Sell)45.13/45.27
Gold Std (10 gm)6930 (-35)


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ANNOUNCEMENTS


Cisco Systems to invest $1 b in India
THE US-based communications networking major Cisco Systems Inc today announced an investment of over $1 billion in India. The investment, to be spread over three years, is the largest to be made by the company outside US. Announcing investment ... More

STORAGE


Datawarehousing — Teradata eyes banking sector
IF you need to locate your next ATM, how do you decide where to set it up? Well, this can be addressed by extracting information from the large database a bank creates from its business, according to Teradata, the $1.4-billion datawarehousing ... More

OUTSOURCING


Wipro expects BPO business `on right track'
WIPRO expects its BPO business to be back on the growth trajectory over the next few quarters. Revenue growth in the BPO business was flat during the September quarter compared with the previous quarter, as the company is still in the process of ... More

TELECOMMUNICATIONS


`Cellular marketing offers scope for jobs'
THE advent of cellular service has opened up a huge market for telecommunication. From one phone for every family, the scenario has changed to a cell for every individual, the General Manager of Bharat Sanchar Nigam Ltd (BSNL), Madurai, Mr M.K. ... More

FINANCIAL PERFORMANCE


Wipro posts 16 pc rise in Q2 net — Revenues for the quarter beat guidance
ROBUST growth across all its business units helped Wipro Ltd to post a 16 per cent rise in net profit and a 27 per cent increase in revenue for the September 2005 quarter over the corresponding quarter last year. Wipro registered a net profit ... More

Infotech Enterprises Q2 revenue, net up
INFOTECH Enterprises Ltd has recorded a total income of Rs 82.39 crore and a net profit of Rs 9.66 crore for the quarter ended September 30, 2005 against Rs 68.43 crore and Rs 6.60 crore, respectively, in the corresponding quarter last ... More

HCL Info net up 44 pc at Rs 62 cr
HCL Infosystems has registered a net profit of Rs 62.1 crore, a 44 per cent growth, for the quarter ended September 30, 2005, compared to Rs 43.2 crore in the corresponding quarter the previous year. The company reported consolidated revenues ... More

SOFTWARE


Sierra Atlantic expands Siebel practice
HYDERABAD: Sierra Atlantic, a technology solutions provider, today announced that it has expanded its Siebel Systems practice to include Customer Data Integration services and analytics both for onshore and offshore enterprise ... More

Solix Tech tool integrated with EMC storage product
SOLIX Technologies, technology solutions provider, on Tuesday announced that it has completed the integration of its ARCHIVEjinni solution with EMC content addressed storage (CAS) product. With this, customers can comply with data management ... More

Teledata plans to diversify
It will use biotechnology, contract research and farming and nanotechnology to improve their fertility and yield. Teledata also plans to become developers, manufacturers, importers, exporters, dealers, agents in computer software, hardware, ... More

HUMAN RESOURCES


Wipro to hike wages; margins may be hit
WAGE inflation is expected to impact Wipro's operating margins for the second half of the current fiscal. Wipro expects a 1.5 per cent impact on its operating margins for the December quarter, as it plans to implement a wage hike for its ... More

MERGERS & ACQUISITIONS


ISG NovaSoft buys 55% stake in Irish co
ISG NovaSoft Technologies Ltd (ISGN), the Chennai-based technology company and a part of the K.K. Birla group, has acquired 55 per cent stake in GMACCM Technology Europe Ltd (GTEL), an Irish software solutions company, from GMAC Commercial ... More

TRADE & LABOUR UNIONS


DoT withdraws services of 1,300 ITS officers
THE Department of Telecom has withdrawn the services of 1,300 Indian Telecom Service officers working in Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), despite the stay order given by the Uttaranchal High Court last ... More

E-COMMERCE & E-BUSINESS


Online auction to help discover price for carbon credits
Firms wanting to sell potential carbon credits are required to list their project design document at the online exchange. More

MetalJunction launches online store, contract service
METALJUNCTION Services Ltd has announced the launch of two new services in the second half of the current fiscal. The 50:50 joint venture of Tata Steel and Steel Authority of India Ltd will launch an `Online Store' and an `Aggregated Rate ... More

A platform for palm oil e-commerce
A COMPREHENSIVE electronic platform to promote commercial and related transactions in the burgeoning palm oil sector has been launched (www.oilpalmworld.com; More

E-GOVERNANCE


IT kiosks to be set up in 1 lakh villages
PEOPLE living in far-flung villages will soon be able to avail themselves of a slew of services ranging from procuring land records to getting caste certificates for jobs at the click of a mouse. The Government plans to to roll out `common ... More

EVENTS


Computer Association of Eastern India to hold IT fair in Kolkata
COMPUTER Association of Eastern India has announced Compass-2005, its annual exhibition in Kolkata to be held later this month. The exhibition is billed as the largest IT show in the region, which will draw about 90 participants, including ... More



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Online auction to help discover price for carbon credits


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In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Oct. 9-Oct. 15
`TDSAT must consider alternative methods of dispute resolution'

`Entry level salaries for grads sharply up'

Grooming leaders the Accenture way

Nokia plant may go operational in April

HCL unveils another sub-Rs 10,000 PC

Two-year validity on prepaids of Tata mobiles

Absorption of ITS officers into MTNL, BSNL — SC dismisses DoT plea to vacate stay orders on contingency plan


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