CORPORATE
•	Infosys Q1 net up 50 pc -- Annual growth estimate retained at 30 pc IN the season of slowdowns, software major Infosys Technologies has posted a fair top and bottomline growth for the quarter ended June 30, 2001.
•	Infosys admits to facing pressure on billing rates INFOSYS Technologies today admitted that it was facing a pressure on the billing rates from both existing and new customers.
•	Earnings forecast cause for concern INFOSYS Technologies has exceeded its own projections on the revenue front for the first quarter made during the earnings announcement for the year ended March 31, 2001 and the consensus analysts forecast in the run-up the results.
•	Tata Internet plans Rs 500-cr expansion TATA Internet Services Ltd is planning to invest Rs 500 crore in a slew of areas including international gateways, cybercafes and business-to-business (B2B) exchanges, aimed at becoming one of the three largest internet players in the country.
•	Orient gets aggressive on two listed companies ORIENT Information Technology has found a couple of listed domestic IT companies so attractive that it is willing to make an aggressive bid for their acquisition, if necessary, according to Chairman and Managing Director, Mr Ketan Sheth.
•	VisualSoft confident of 45 pc overall growth FOLLOWING the slowdown in the IT sector, VisualSoft Technologies Ltd, which has seen a significant change in terms of mix in favour of services away from 50:50 service:product mix, expects a 45-per cent overall growth this fiscal.
•	123india to scrap free e-mail from July 22 123INDIA.COM, which seems to be the first off the block in deciding to discontinue its free e-mail service (from July 22), will achieve break-even during the current quarter, according to Mr Arvind Kajaria, Director.
•	NDS gets new head MR Lalit Ahuja, former CEO of Star Interactive Ltd, a News Corporation venture, has joined as Managing Director of NDS India, a new research and development centre to provide conditional access and interactive applications.
•	Tata Cell base crosses 1.5 lakh HYDERABAD: Tata Cellular Ltd on Tuesday announced that its subscriber base has touched the 1,50,000-mark and of this 50 per cent subscriber base growth was achieved in just four months.
•	Intelligroup Asia bags SAP/3 project HYDERABAD: Intelligroup Asia Ltd, an end-to-end solutions provider and the fully-owned subsidiary of Intelligroup Inc, has further consolidated its presence in West Asia by bagging a major SAP R/3 project from the Saudi Arabia-based $ 200-million Amianti t Company.
EVENTS
•	Nasscom to host e-biz meet on Aug 2 NEW DELHI: The National Association of Software and Service Companies (Nasscom) is organising a two-day national conference on e-commerce and e-business in Bangalore, beginning August 2.
LAUNCHES
•	Under the microscope MicroWorld Software Services has unveiled a SOHO version of its anti-virus software, eScan, the eScan Virus Control (VC) Edition.

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