Financial Daily from THE HINDU group of publications
Friday, January 10, 2003
Markets (Jan. 09)
BL 2501147.29 (+13.05)
BSE Sensex3384.20 (+26.33)
S&P CNX Nifty1097.35 (+8)
Dollar (Buy/Sell)47.91/48.04
Gold Std (10 gm)5710 (+90)

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CORPORATE DISPUTES


Now, they need legal eagles to pore over pacts
THE Polaris experience with Bank Artha Graha in Indonesia was a bitter lesson for Indian IT services companies with operations abroad. The episode should sound a warning bell for Indian IT companies to have a strong understanding of local laws ... More

BPL Mobile Cellular, Motorola settle row out of court
BPL Mobile Cellular Ltd has settled a prolonged legal wrangle over dues with Motorola India Ltd in an out-of-court settlement. Sources said, post-settlement, Motorola has again started supplying equipment to BPL. Mr Promod Saxena, Country Head, ... More

TELECOMMUNICATIONS


TRAI tells Bharti to provide link to Tatas
`Ensure completion of calls originating in Tata Tele network and terminating in your network with immediate effect.' More

Yahoo! SMS for AirTel users
MOBILE service provider AirTel and Yahoo! India, Internet communications and media company, have struck a deal to offer `Yahoo! for SMS' applications to AirTel subscribers. According to a press release, the subscriber will have to have a Yahoo! ... More

Cellular subscriber base crosses 10-million mark
THE cellular subscriber base in the country has breached the 10-million mark, having added over 7.5 lakh additional customers in December 2002. As per the latest estimates of the Cellular Operators Association of India (COAI), the total ... More

Mahajan has BSNL, MTNL ears ringing
JUST a day after dropping tariffs on mobile-to-mobile calls to take on the private cellular operators, telecom behemoths Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) had to hear a mouthful from the Union Communications ... More

STOCKS


Institutions cut stake in Aptech
Institutional investors have reduced their stake in Aptech Ltd by more than four percentage points during September-December quarter. Institutional holding, which was 17.03 per cent at the end of September 2002, stands at 12.81 per cent as on ... More

SOFTWARE


ESC's Kolkata office to boost regional exports
THE setting up of a regional office of the Electronics and Computer Software Export Promotion Council (ESC) here on Wednesday is expected to give a fillip to exports of computer software and IT-enabled services (ITES) from the region. In ... More

MphasiS Q3 net rises 12.7% sequentially
MPHASIS BFL Group reported a net profit of Rs 18.18 crore for its December or third quarter in the current financial year, up 12.7 per cent sequentially and 41 per cent year-on-year. The group said that its consolidated revenues was Rs 115.95 ... More

Ramco solution for Boeing revamped
BOEING Enterprise One, an enterprise maintenance system, developed by Ramco Systems for Boeing, has been revamped as a result of the slowdown in the aviation industry. Following this, the company has been able to get a couple of orders in the ... More

Hughes Soft net down 21% in Q3
HUGHES Software Systems (HSS), which develops software for telecom firms, has said its net profit for the third quarter fell by 21 per cent over the same period last year as global communication industry continues to be in difficulty. However, ... More

E-GOVERNANCE


HDFC Bank launches credit card with e-Seva
HDFC Bank has launched a co-branded credit card with e-Seva, a popular e-governance initiative from the Government of Andhra Pradesh, here on Thursday. e-Seva is a one-stop point for services of various State and Central government departments ... More

STANDARDS & BENCHMARKS


Majoris hopes to break even in 2004 — Achieves SEI CMM Level 5
Majoris has also added about 50 people to its headcount taking the total to 150 in the last six months. More

ECONOMIC OFFENCES


`Bogus consultant'
HYDERABAD: Mahalakshmi Infosolutions, which was appointed as a human resources consultant for appointing processing executives, by the Director of Human Resources Department of e-Seva, has been declared as a `bogus consultant'. In a ... More
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