The Hindu Business Line : Friday, April 11, 2003

Progeon breaks even; BT centre under way
PROGEON, the BPO (business process outsourcing) subsidiary of Infosys Technologies, has achieved a break-even in the fourth quarter of its operations. "As estimated earlier, Progeon has broken even in its fourth quarter of operations and ... More

TELECOMMUNICATIONS

BSNL loses 1.6 m landline users in one year
DESPITE its best efforts, Bharat Sanchar Nigam Ltd (BSNL) has not been able to stem the rapid surrender of landlines. As many as 1.6 million customers gave up their connections in fiscal year 2002-03. According to official sources, the trend of ... More

TRAI clears alternative tariff packages
THE Telecom Regulatory Authority of India (TRAI) has approved the alternative tariff packages filed by Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL) and Tata Teleservices Ltd (TTL). A TRAI statement said that the new ... More

Revival package in offing for radio paging industry
THE Lok Sabha was informed that the licensing system for radio paging industry under the Indian Telegraph Act 1885 has not been scrapped even as the Government was working on a relief package for the revival of the ailing radio paging ... More

ITI seeks Rs 725-cr aid to stay afloat
"The small equity base of only Rs 88 crore has made the company highly dependent upon market borrowing at high. This is sought to be rectified," the sources said More

Escotel ties up with Federal Bank
KOCHI: Escotel Mobile Communications Ltd is to provide free mobile phone to all account holders, both savings bank and current account, of the Federal Bank in Kerala. According to a press release here, the joint marketing initiative ... More

STOCKS

Infosys forecasts take its toll on stock
INFOSYS Technologies' revenue growth forecast of 21-23 per cent and per share earnings growth of 11-12 per cent has jolted the markets. The stock plummeted by Rs 1,113, or 26.7 per cent, during the day's trading. Why has the Infosys stock ... More

Tech stocks battered
TECHNOLOGY stocks suffered the steepest fall so far in a single day amidst concerns over the future earning potential of most companies due to an uncertain business environment. These concerns resulted in heavy selling pressures that had the tech ... More

SOFTWARE

Net rises, but Infosys warns of slow growth
THE largest listed software exporter Infosys Technologies Ltd that topped its earnings guidance said its net profit for financial year 2002-03 was Rs 957.93 crore, up 18.56 per cent from Rs 807.96 crore a year ago. It, however, cautioned that ... More

Pricing pressure to cramp growth: Infosys
INTENSE pricing pressure tracking increased competition and external uncertainties would continue to cramp growth for Infosys Technologies in the current fiscal. A volume-driven revenue growth would be checked by rate squeeze, the company ... More

US rater gives i-flex top ranking
I-FLEX Solutions Ltd has announced that it has been ranked as the No.1 pure Web-based cash management solutions provider by Celent Communications, US-based research and advisory firm for financial institutions. The latest study by Celent ... More

`War, SARS have hit client visits'
INFOSYS Technologies today said that the war on Iraq and the outbreak of SARS ( Severe acute respiratory syndrome) in South East Asia did have an impact on its business to some extent as several of its clients had cancelled their visits to India. ... More

Covansys looks to more revenue from India
THE US-based Covansys Corporation, provider of information technology services, expects revenue from India to go up from 17 per cent currently to about 30 per cent of global sales in three years. The percentage of revenue derived from India ... More

Crisil reaffirms Infosys ratings
NOTWITHSTANDING Infosys Technologies lower-than-expected earnings and the slide on the stockmarkets, rating agency CRISIL has reaffirmed the ratings assigned to the company's long-term and commercial paper programmes, which stand rated at AAA and ... More

MagnaQuest solution for Asianet
HYDERABAD: Magnaquest Technologies, the Hyderabad-based customer management and billing solutions provider, has entered into an agreement with Asianet Satellite Communications Ltd, Kerala, to provide them with customer care cum billing ... More

HUMAN RESOURCES

Infosys to hire 1,000 more by June
INFOSYS Technologies has said that it expected to hire about 1,000 professionals in the April-June quarter of the current fiscal. "We are looking to add about (gross) 800-1,000 employees in the first quarter," said Mr S. Gopalakrishnan, Deputy ... More

IT cos losing charm in campus recruitment
THE information technology (IT) firms appear to be slowly losing charm as employers while there seems to be an increased preference for old economy companies among fresh graduates in campus recruitment. This was evident from the fact that ... More

MERGERS & ACQUISITIONS

Bharti Mobitel, Cellular merger completed
BHARTI TeleVentures Ltd has announced the completion of the amalgamation of Bharti Mobitel Ltd, a company running the mobile service operations in Kolkata, with Bharti Cellular Ltd. Bharti Cellular Ltd, is a wholly owned subsidiary of Bharti ... More

E-COMMERCE & E-BUSINESS

`Public-private partnership must to boost e-com'

TRENDS

Calm amid storm
It was business as usual for this worker at the Hitec City in Cyberabad, the nerve-centre of information technology companies, on Thursday. As tech stocks had a free fall, he went about his job calmly while the employees who had accepted stock ... More

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