Financial Daily from THE HINDU group of publications
Wednesday, December 10, 2003
Markets (Dec. 9)
BL 2501868.22 (+36.03)
BSE Sensex5229.34 (+97.80)
S&P CNX Nifty1675.85 (+29.60)
US Dollar (Buy/Sell)45.49/45.62
Gold Std (10 gm)6085 (+10)

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OUTSOURCING


`Storage networking has huge BPO potential'
THE storage networking market is set for double-digit growth in the next few years and China, Australia and India would be the main drivers of growth in this space. According to Mr Kumar Malavalli, Chairman of the Storage Networking Summit held ... More

TELECOMMUNICATIONS


BSNL slashes intra-circle STD rates by 25 pc
BHARAT SANCHAR NIGAM LTD (BSNL) has slashed the intra-circle landline-to-landline STD call rates by 25 per cent starting December 15. In keeping with the revised interconnection usage charges (IUC), a landline-to-landline call beyond 100 km ... More

Salaries, licence fees drag BSNL net 77%
BSNL has registered a 77 per cent decline in its net profit for the year 2002-03, at Rs 1,444 crore from Rs 6,412 crore during the previous year. Announcing this after the third annual general meeting of the company held on Tuesday, Mr ... More

Poor growth in telecom manufacturing
This is the first fiscal that no proposal has been filed. This trend is likely to continue, given the WTO commitment under Information Technology Agreement whereby all telecom/IT products will be under zero duty regimes from 2005. More

Aircel to spend $40 m on capacity expansion
AIRCEL Ltd is in the midst of major capacity expansion involving a total outlay of about $40 million for import of equipment and creation of the infrastructure needed, according to Mr K.V.P. Baskar, Director and CEO, Aircel Ltd. The company ... More

TI, ST Micro team up for next gen CDMA solution
TEXAS Instruments Inc (TI) and ST Microelectronics (ST) have announced that they have developed a standard CDMA2000 1xEV-DV (1xEvolution for Data and Voice) solution. The solution bringshigh-speed Internet connectivity and advanced multimedia ... More

Idea, Aaj Tak tango for Tambola
IDEA Cellular Ltd, a private cellular operator, has announced that it has tied up with Aaj Tak, a 24-hour Hindi news channel to bring to its customers the thrills of online Tambola, for the first time in India. As the clock strikes 8.00 P.M., ... More

SOFTWARE


Yash Tech partners Nasdaq-listed co
YASH Technologies Inc, an IT consulting company having a development centre in Hyderabad, has announced that it has partnered with the Nasdaq-listed Actuate Corporation. The tie-up will help Yash Technologies deliver scalable Business ... More

Kale bags Europe airline contract
KALE Consultants Ltd has been awarded an outsourcing contract from a European airline. The Indian software firm would provide end-to-end revenue accounting services for Hellas Jet, based in Greece. Kale would provide the service through its ... More

Genesis solution for ING Vysya
BANGALORE: Genesis IT Innovationson Tuesday announced the completion of the audiovisual integration solutions for ING Vysya and its corporate headquarters in Bangalore. The project incorporates multiple audio and video devices seamlessly ... More

Cranes Soft partners UK cos
BANGALORE: Cranes Software International, a global scientific and engineering software solutions provider, has entered into a partnership with Lanner Group, UK, for the distribution of the latter's Witness, Simba and System Architect range ... More

Asia Netcom Indian arm
NEW DELHI: Asia Netcom, the Pan-Asian network service provider based in Hong Kong, has announced the launch of its Indian subsidiary, Asia Netcom India Pvt Ltd. The establishment of the wholly-owned subsidiary aims to extend the ... More

INTERNET


Job portal launched
A JOB portal, kamyabi.com, was launched today. Its promoters, aforeserve.com, say that the "site has been introduced for a social cause". Employers who pick up talent from the portal do not pay anything. The money comes to the promoters from ... More

SECURITY


Small firms concerned about spam: Survey
A SURVEY by Symantec Corporation, the world leader in Internet security, has revealed that the negative impact of spam on productivity and resources is motivating small businesses to consider taking steps, if the problem worsens. According to ... More
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Mid-Term Monetary and Credit Policy for the year 2003-2004

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Top Stories
Salaries, licence fees drag BSNL net 77%


`Attrition spreading to traditional sectors as well'

Poor growth in telecom manufacturing

`Lending rates to fall with new PLR'

`EPF claims to be settled in days'

Ministry mulls revival of Mumbai-Karachi sea link

In Focus
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Iraq Diary

Looking back
Nov. 30-Dec. 6
More mobiles, and sparrows take flight

PC majors join `assembled' race

Mandatory Net exchange link-up for ISPs soon

Outsourcing for development

Software majors hire more, earn less

Bharti close to buying 2 cos in new circles

Cellular base expands by 1.9 m in November


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