Financial Daily from THE HINDU group of publications
Thursday, June 12, 2003
Markets (June 11)
BL 2501191.02 (+6.38)
BSE Sensex3314.60 (+25.05)
S&P CNX Nifty1044.10 (+6.30)
Dollar (Buy/Sell)46.66/46.79
Gold Std (10 gm)5490 (-90)

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ANNOUNCEMENTS


Red Hat offer for Linux optees
BANGALORE: Red Hat India is offering a special price of Rs 25,000 to existing Red Hat customers choosing to migrate to Red Hat Enterprise Linux ES. This offer will be valid till June 30, 2003, according to a press release. The company ... More

OUTSOURCING


`No threat as of now to outsourcing' — Govt will fight curbs, asserts Shourie
THE Government is determined to counter the moves of the US, Germany and other European countries to restrict outsourcing of IT services to India, according to the Union Communications & IT Minister, Mr Arun Shourie. He was addressing a press ... More

Newgen hopes to ride BPO wave
RIDING high on the strong BPO (business process outsourcing) wave, Newgen Software Technologies, a homegrown solutions provider for business process, document management and workflow with business applications, expects to post 100 per cent growth ... More

TELECOMMUNICATIONS


Mahindra British Telecom net up 36 pc
MAHINDRA British Telecom (MBT) has reported a 35.85 per cent growth in net profit, at Rs 171.54 crore for the year ended March 31. The company, which is as yet unlisted, had reported a profit of Rs 126.27 crore the previous financial ... More

Insurance cover for cell phone subscribers — BPL Mobile inks pact with Bajaj Allianz
MOBILE phone service provider, BPL Mobile, has announced a tie-up with insurance firm, Bajaj Allianz General Insurance Co, to offer special packages on handset and personal accident insurance cover for subscribers across Maharashtra and ... More

SOFTWARE


Star Alliance to source more IT services from India
STAR Alliance, the 16 airline global alliance, is keen on sourcing more IT services from India. The Alliance's Chief Information Officer and Vice-President (Information and Project Management), Mr Michael Stagl, told Business Line that ... More

TCS to resell Informatica products
INFORMATICA Corporation on Wednesday announced that Tata Consultancy Services would now be a global reseller of its products and that TCS planned to double the number of consultants trained on Informatica's family of analytics software to 600 ... More

SQC offers help in raising funds for CMMI transition
THE Bangalore-based Software Quality Centre (SQC) is offering small and medium sized companies in Kerala the option of talking with leading private banks for part-funding the process of quality assessments/ improvement against the Capability ... More

Microsoft to begin development centre construction in AP next month
THE global software giant, Microsoft has indicated that it will commence construction of its India Development Centre, adjacent to the Indian School of Business at Manikonda near here, on July 7, according to Mr M.V.S. Prasad, Vice-Chairman and ... More

Ramco Systems plans to issue debentures
RAMCO Systems Ltd has said that its board of directors at a meeting held today has decided to raise further capital either by issue of fully or partially convertible debentures or of equity shares or in any other manner, up to an amount of Rs 75 ... More

MERGERS & ACQUISITIONS


HMA Data to buy out STARware
THE HMA STARware Ltd, a closely-held firm, is to become fully private as HMA Data Systems, which has 83.5 per cent stake in HMA STARware, plans to buy out the remaining 16.5 per cent stake from the public. The HMA Data Systems would buy back ... More

ALLIANCES & JOINT VENTURES


Aftek Infosys, UK's 3 to form jt venture co
THE Mumbai-based Aftek Infosys Ltd has signed a MoU with the UK-based 3 to form a joint venture company, Aftek 3G Tel. Aftek Infosys will bring in 49 per cent of the equity and the rest will be contributed by Mr Niran Talgeri, Chief Technology ... More

Qualcomm inks pact with Mack Telecom
QUALCOMM Inc has signed an agreement with Mack Telecom Services Pvt Ltd, a telecom engineering services company to provide CDMA training. Under the terms of the agreement, Qualcomm's CDMA University will provide the curriculum, training ... More

Fortune Info, BillJunction in pact
HYDERABAD: Fortune Informatics Ltd, the Hyderabad-based software products company, has announced it has entered into a strategic alliance with BillJunction Payments Ltd, a network company of ICICI Venture, to offer electronic bill ... More

E-MAIL


Most Netizen-kids get `offending' spam
MORE than 80 per cent of children who use e-mail receive inappropriate spam on a daily basis, according to a survey by Symantec Corporation. In addition, half the kids surveyed reported feeling uncomfortable and offended when seeing improper ... More

MARKETING


Samsung mulls `$ biz sales' model for PCs
TARGETING a total sales of 100,000 PCs this calendar year, the Information Technology and Telecommunication division of Samsung India Electronics Ltd is planning to launch what it describes as "$ business sales" model like Dell and is looking at ... More

IT-ENABLED SERVICES


Wipro Spectramind top ITES earner
WIPRO Spectramind has emerged as the frontrunner in a survey on the top-15 third party IT-enabled services (call centre and BPO) companies based on revenues for 2002-03 reported in accordance with US GAAP, conducted by the National Association of ... More

APC launches in-house call centre
BANGALORE: American Power Conversion, major provider of power protection solutions, has announced the launch of its Multiple Access Centre. The MAC is in-house call centre catering to its clients across the country. Equipped with a ... More

NEW PRODUCTS & SERVICES


Samsung launches `BuildurPC' concept
THE information technology and communications division of Samsung India Electronics Ltd on Wednesday launched its range of personal computers under BuildurPC concept in the Andhra Pradesh market. The company also plans to increase its reach ... More
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