THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, May 07, 2001

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Looking back

May 5

* TCS-IBM plan IT solutions.

* IDC sees revival of e-business.

* Ensit merges with Everonn Systems to provide solutions.

* 64 pc growth for software: IT Ministry annual report.

May 4

* Kale inks $-5m dollar order.

* Pentamedia, Film Roman modify deal.

* Citrix to beef up India network.

* Dell targets SMEs with new products.

* Melstar Info net up 42 pc.

* STPI to invest Rs 200 cr; to set up 15 more earth stations in small cities; exports zoom 73 pc,

May 3

* Intel to expand India R&D.

* Assemblers (in Coimbatore) feel the Chinese onslaught.

* Buffalo Networks spins off Tehelka.com.

* Sidhu replaced as i2 CEO.

* Ventureast-TeNet fund to incubate start-ups.

* IT industry raises concern over content services clause in draft convergence bill.

* Jobsahead gets $-2.5m funding.

* Mascon, Mastercard in JV.

* Nomura International picks 13 pc stake in Global Tech Ventures. Latter's valuation goes up to $ 150m plus.

* GM okays talks to merge Hughes Electronics with News Corp.

May 2

* FIPB rejects HCL Tech ESOP plan again.

* Knoah to invest Rs 350 crore in AP.

* ITI net down 45 pc.

* Mascon Global Q1 net up.

* STPI export income seen up 50 pc.

May 1

* SSI Q3 net up 68 pc; software division grows 200 pc.

* Aptech Pasona form alliance

* Soffia Software Q3 net up at Rs 3.78 crore.

* SingTel CEO sees good opportunities in India.

* MRO-Tek income up at Rs 124.86 crore.

* China tech sector in for tough time.

* Indian IT firms brace up for slowdown.

* STPI on the block; Govt to shed 74 pc.

* Indian IT professionals pouring into Britain.

April 30

* Enterprise space proves lucrative for Enterasys; aims to double growth; in pact with Siemens.

* COAI not to withdraw case from TDSAT.

* Tata Infotech in pact with IIT-B, push for more training centres.

* Jobstreet to raise $ 2m.

* HCL-Infinet forecasts break-even next fiscal.

April 29

* Birla Sun Life trims soft exposure.

* Alcatel offers $ 5b for Lucent Optical fibre unit.

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