The Hindu Business Line : Tuesday, February 18, 2003

IndiaSoft to focus on outsourcing, services
THE Electronics and Computer Software Exports Promotion Council (ESC) is organising the IndiaSoft 2003 IT exhibition and international conference here from February 20. Mr Arun Shourie, Minister for Communications, IT and Disinvestment, would ... More

TELECOMMUNICATIONS

Telecom group talks `fruitful'
THE select group on telecom constituted by the Union Communications Minister, Mr Arun Shourie, to sort out various controversial issues haunting the industry held its first meeting today lasting close to three hours. The group , which includes ... More

Cut in telecom licence fees on the cards
IN what should be clear pointers towards a reduction in the licence fee rates for cellular and basic service telecom operators, the Department of Telecommunications (DoT) has pegged the collections for fiscal 2003-04 at just Rs 88 crore over and ... More

BSNL lucky draw for prompt customers
BHARAT Sanchar Nigam Ltd proposes to conduct a lucky draw for those paying their telephone bills promptly. The draw will be held at three levels — SSA, circle and national level. While all the 18 SSA level winners will be presented with ... More

STOCKS

Mid-cap tech stocks sizzle
WITH fears of an impending war between the US and Iraq temporarily allayed, mid-cap software stocks such as Pentamedia Graphics, Silverline Technologies and DSQ Software went on a roller coaster ride on the bourses today. Trading for after ... More

Hexaware shines ahead of results
THE Hexaware Technologies stock today saw a sharp jump in price in anticipation of improved results for the quarter ended December 2002 on the major bourses. Interestingly, the December quarter results, which came in after the market hours, ... More

SOFTWARE

Hexaware posts Rs 7.47-cr net
HEXAWARE Technologies Ltd has posted a net profit of Rs 7.47 crore for the year ended December 31, 2002, compared to Rs 1.607 crore in the corresponding period in the previous year. According to a company release, the previous year's figures ... More

MERGERS & ACQUISITIONS

CDAC revamped; to focus on R&D
THE Electronics Research and Development Centre (ER&DCI), the National Centre for Software Technology (NCST) and the Centre for Electronics Design and Technology, India (CEDTI), Mohali, have been merged with with the Pune-based Centre for ... More

ALLIANCES & JOINT VENTURES

Softex, DictaScribe to float new outfit
THE Thiruvananthapuram-based Softex group has announced the formation of a joint venture with DictaScribe, a UK-based company that provides transcription and data capture solutions. Disclosing this to Business Line, Mr F.C.A Hamilton, ... More

Satyam, ANSYS in pact for simulation solutions
SATYAM Computer Services Ltd has entered into a strategic alliance with ANSYS Inc., a Nasdaq-listed company engaged in simulation software, to facilitate customers to accelerate product innovation.This strategic alliance will allow these ... More

VENTURE CAPITAL

VCs turning match-makers!
Mr R. Viswanathan, first Vice-President, Taib Bank, says the idea is to ensure that investee companies expand their portfolios and grow at a healthy pace in the present downturn by forging alliances, especially that of the marketing types. More

OUTLOOK

i-flex looks to Citibank for more products' revenue
I-FLEX Solutions Ltd expects a gradual reduction in its dependency on services business from Citibank to around 20-25 per cent, from the present 75 per cent, even as the company projects a significant increase in non-Citibank clients. A top ... More

Infosys sticks to Q4 guidance despite Iraq
SOFTWARE major Infosys Technologies Ltd stuck to its fourth quarter revenue projections of $204 - $207 million despite the prevailing economic uncertainty due to the Iraq crisis. "We had factored in the uncertainty due to the war-like ... More

ESC sets $50-b target by 2008
SOFTWARE and hardware exports to West Asia, particularly to the UAE, have grown multi-fold in the last three years, according to a spokesman for the Electronics and Computer Software Export Promotion Council (ESC), India. Mr Kamal Vachani, who ... More

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