Financial Daily from THE HINDU group of publications
Thursday, January 12, 2006
Markets (January 10)
BSE Sensex9445.30(-138.15)
S&P CNX Nifty2870.80 (-39.30)
US Dollar (Buy/Sell)44.25/44.38


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TELECOMMUNICATIONS


Mktg @ ur fngrtips
On average, an Indian mobile user gets six SMSs and sends four a day. Brands are taking advantage of this to reach customers in newer ways. More

Reliance Info plans big roll-out
RELIANCE Infocomm plans an aggressive rollout of its mobile and fixed telephony access network to reach more towns and cities across the country during the next six months. The company, which plans to augment its network to cover 9,000 cities ... More

INFRASTRUCTURE


AP to set up 1,200-acre hardware park
AFTER years of focus on software services and ITES companies, the State Government is now turning attention to the hardware sector. The State Government has identified 1,200 acres of land for promoting the hardware sector to woo companies, along ... More

FINANCIAL PERFORMANCE


Infosys Q3 net up 31 pc — Volatile rupee hits profitability
A VOLATILE rupee impacted the profitability of Infosys Technologies for the third quarter ended December 2005, which fell marginally short of analysts' expectations. Sluggish volume growth of a little over 6 per cent against the double-digit ... More

MphasiS Q3 net rises 52 pc
MPHASIS BFL has posted a 52-per cent growth in its net profitfor the quarter ended December 2005 at Rs 40.84 crore compared to Rs 26.85 crore in the corresponding period last year. Consolidated revenues for the quarter grew by 26 per cent to Rs ... More

iGATE operating profit up 127 pc in 3rd quarter
iGATE Global Solutions Ltd said on Wednesday that its operating profits for the third quarter ended December 2005 grew by 127 per cent to Rs 19.71 crore from Rs 8.66 crore in the corresponding quarter last year. However, the company's net ... More

HARDWARE


NID-designed HCL desktops
NEW DELHI: HCL Technologies has introduced a range of `Designed in India' desktop computers designed by the National Institute of Design (NID), Ahmedabad. The desktops are designed keeping in view the changing lifestyles, customer needs ... More

SOFTWARE


Infosys ADR down 8 pc
THERE is a cue for the domestic investors on what is in store for them on Thursday with respect to Infosys: The ADR, which represents one equity share of Infosys, tumbled by over eight per cent. Infosys ADR, which hit its new 52-week high on ... More

SatNav tool for ISB
SATNAV Technologies Ltd, a Hyderabad-based IT company, has announced that it would implement a-Mantra at the Indian School of Business. a-Mantra is an integrated technology solution that helps better manage a large facility, events and travel ... More

Infosys expanding fast outside Bangalore
The company will add capacity in Pune and Chennai. There will be significant investment in Mysore. More

Power problem: Wipro thinks `captive'
THE Bangalore-based Wipro Technologies is exploring the possibility of setting up its own captive power plant. "We are thinking about it, we are exploring the various options available," said a company official. He added that the requirement ... More

HUMAN RESOURCES


Infosys headcount to hit 50,000 soon
INFOSYS Technologies, which expects to touch the 50,000 mark soon in terms of employee headcount, has made 6,500 campus offers for 2006. These graduates are expected to join sometime in the second or third quarter of fiscal 2007. Speaking to ... More

MERGERS & ACQUISITIONS


Genpact eyes buys in US, UK; funds no constraint
SETTING the pace for a hectic merger and acquisition activity in the BPO space for 2006, Genpact has said it is looking at buying out companies in the US and UK with revenues of $100-200 million, in a bid to acquire domain expertise in HR, ... More

REGULATORY BODIES & RULINGS


12 short-listed for TRAI Secy post
THE race for the post of Secretary, Telecom Regulatory Authority of India, is heating up with the Government short-listing 12 senior officials from various agencies. The interview is scheduled to be held over two days. The post was left vacant ... More

ALLIANCES & JOINT VENTURES


SRIT to buy IP rights
BANGALORE: Sobha Renaissance Information Technology Pvt Ltd (SRIT) has entered into an agreement with Australia-based Ortex Global Solutions to acquire the latter's intellectual property rights (IPRs) and about 1,000 installed bases of its ... More

Alphaa in MT joint venture
COIMBATORE: Trans-Venture BPO Solutions Pvt Ltd, a joint venture between the New York-based Reporters Transcription Centre (RTC) and Alphaa Systems in Coimbatore, is aiming to tap the US medical transcription (MT) segment. The joint ... More

OFF-SHORE DEVELOPMENT


Deere opens tech centre
DEERE & Company inaugurated on Wednesday the John Deere Technology Centre here. The centre will provide services in information technology, engineering, supply chain management, embedded systems and technical authoring for its global operations. More

BROADBAND


Telsima to set up broadband gear manufacturing base
TELECOM equipment company Telsima Corporation on Wednesday announced setting up a manufacturing base in India for offering customised wireless broadband solutions. The company will make an initial investment of $20 million for developing ... More

ISPS


TRAI for migration to next gen Internet protocol
THE Telecom Regulatory Authority of India (TRAI) has suggested migrating the country's Internet backbone to the next generation protocol called the IPv6 — Internet Protocol version 6, to facilitate the growth of broadband and Internet ... More

EVENTS


Satyam, Wipro, MS India bag Gitex awards
SATYAM Computer, Wipro, Microsoft India R&D and Google (as a start up here) are among a host of IT companies having their centres in Hyderabad chosen by the State Government for awards during the three-day Gitex exposition. The fifth edition ... More

CSI student chapter meet in Thiruvananthapuram
THIRUVANANTHAPURAM: As part of the efforts to involve the student community in its activities, the Thiruvananthapuram Chapter of the Computer Society of India (CSI) is organising a State-level student convention on Friday and Saturday ... More

IT-ENABLED SERVICES


CBay in expansion mode; to set up campus in Hyderabad
The company made an entry into Hyderabad after it took over Ckar Systems, a medical transcription company of the Karvy group here. More

OUTLOOK


Infosys to review hedging policy — `Rupee volatility very high this quarter, we have to be slightly more active'
STUNG by the impact of the rupee volatility, Infosys may review its hedging policy. The company has hedged $300 million by taking range-bound options and has marked them to the market, said Mr T.V. Mohandas Pai, Chief Financial Officer. "We ... More



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