Information Technology
SIP Tech to watch the market before opening book
SIP Technologies Ltd, which is planning to raise Rs. 45-odd crores through book-building route, offering 15 lakh shares for sale, is to take a decision next week whether or not to go through the book-building exercise now.
PSI Data to pick up stake in two firms
PSI Data Systems Ltd, the Groupe Bull subsidiary, is planning to pick up equity stakes in two companies based in the UK and the US.
Visteon Software gears up Indian operations
VISTEON Embedded Software India, a group under Visteon Powertrain Control Systems India Pvt Ltd, is expanding its Indian operations. From about 30 software professionals now it will have about 100 professionals by the end of this year. Visteon is an ente
rprise of the Ford Motor Co.
Consumer electronics portal launched
DIGITAL Shoppy, claimed to be the country's first click and mortar consumer electronics store, was inaugurated by the Sony India Deputy Director, Mr. Prem K. Nair.
DSQ Software allots 3 m shares to US firm
DSQ Software Ltd has allotted three million shares of Rs. 10 each to a US-based `strategic' company, New Vision Investment, at a premium of Rs. 970, raising an aggregate of Rs. 294 crores, according to a company statement.
Netbanking software from Infrasoft
INFRASOFT Ltd, a banking software products company, has launched CORONet2.0, an Internet banking system. This system is aimed at creating `Internet-enabled banks' and making the geographical location of customers or the banks immaterial.
IT briefs
BANGALORE: Condor Infotech Pvt Ltd has launched its Internet Access Services in Bangalore. The company, at present, is a B class license holder operating throughout Karnataka.
Stocks
Tech stocks continue to stay depressed
THE stockmarkets continued to remain in a depressed mode with technology stocks reflecting the overall gloom in the markets. The BL Technology Index declined by 9.1 per cent falling even more sharply than the BL-250 Composite Index which dipped
by a mere 2.2 per cent. Between the two industry sub-indices, the BL Computer Hardware and Office Equipment Index, bore the brunt of the bear hammering, shedding 15.4 per cent during the week. In relative terms, the BL Computer Software Index decli
ned by only 1.9 per cent.
