Financial Daily from THE HINDU group of publications
Tuesday, December 31, 2002
Markets (Dec.30)
BL 2501126.21 (-4.93)
BSE Sensex3374.97 (-23.03)
S&P CNX Nifty1091.95 (-6.45)
Dollar (Buy/Sell)47.90/48.03
Gold Std (10 gm)5645 (+5)

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STOCKS


FII buying lifts i-flex Solutions
i-flex Solutions has been gaining strength over the past few days on account of increased institutional buying. In fact, the stock touched yet another a `new' 52-week high on the BSE today with an intra-day high of Rs 887.95. In the past week, ... More

SOFTWARE


Polaris to write off $1 m on `Indonesian safari' — Board for legal action against Bank Artha Graha
POLARIS Software Lab Ltd plans to write off about $1 million on the Bank Artha Graha-related expenses. This included about $6,60,000 Polaris got from the bank for the order and legal expenses, Mr Arun Jain, Chairman and Managing Director and CEO, ... More

Cognizant bullish on healthcare practice
Currently, Cognizant addresses the three key drivers in the healthcare industry — which encompasses quality care, administrative efficiencies and compliance and provides the entire range of solutions to all the players. More

TCS solution for City Union Bank
TATA Consultancy Services (TCS) has bagged an Rs 15-crore order from City Union Bank (CUB) for implementing its core banking and market risk solution for the bank. TCS would provide quartz-based core banking software solution to CUB, which has ... More

DesignTech distributor for Altair
BANGALORE: Altair Engineering has announced the appointment of DesignTech Systems Pvt Ltd as their sole distributor in India. DesignTech will distribute Altair's HyperWorks suite of products in India. DesignTech is focused on ... More

IT TRAINING


E-literacy scheme gaining momentum in Kerala
THE month-old `Akshaya- Bridging the Digital Divide' campaign is gaining momentum in Malappuram district, one of the two places where it was formally launched. Akshaya, conceived and implemented by the State IT Mission, seeks to make all ... More

MERGERS & ACQUISITIONS


Polaris board okays merger with Orbitech
THE shareholders of Polaris Software Lab Ltd on Monday approved the scheme of amalgamation between the company and Oribtech Solutions Ltd. The approval was given at an extra-ordinary general meeting (EGM) convened by Polaris here. In another ... More

Mascot to acquire 2 cos for $10 m
BANGALORE: Mascot Systems Ltd proposes to pay approximately $10 million for acquiring two group companies eJiva and Aqua Regia Technologies Pvt Ltd. Mascot has informed the Bombay Stock Exchange that the board of directors at its ... More

BROADBAND


Value-added services to pull BSNL growth
BHARAT Sanchar Nigam Ltd's (BSNL) growth in the days ahead will be propelled by its portfolio of value-added service offerings. Stating this during an interface with newspersons here, the Chairman and Managing Director of BSNL, Mr Prithipal ... More

EVENTS


`Convergence India' to focus on broadband
THE eleventh edition of Convergence India, the largest and longest-running infocom event in the region could not have come at a more appropriate time. With increasing competition in the telecom sector, the stage seems set for a massive ... More

PEOPLE


Zutshi is new COO of Infinite
BANGALORE: Infinite Computer Solutions India Pvt Ltd, has announced the appointment of Mr Upinder Zutshi to the position of Chief Operating Officer. In this role Mr Zutshi will be responsible for managing Infinite's operations in ... More

TRENDS


Linux gaining stature: Nasscom
``LINUX has the potential to grow into a leading operating system (OS) in India, co-existing with the other established players in this market,'' according to a recent the National Association of Software and Services Companies (Nasscom) study. ... More

NEW PRODUCTS & SERVICES


AirTel unveils local direct dialling
BHARTI Cellular Ltd has introduced AirTel Local Direct Dialling (LDD) for subscribers in Kerala. The calls made through the LDD route enable subscribers to make substantial savings on their call rates as compared to regular STD/ISD rates, Mr T. ... More
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