Corporate Results of over 2500 companies
Thursday, May 11, 2000

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Think Tank
This week we focus on a complete analysis of the
subsidies industry
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IBM's Tivoli Systems eyes Indian ISPs, ASPs for network solutions
Tivoli Systems, an IBM group company, is gearing for a major push of its network management solutions at the ISP/ASP space in the country. Also in the offing is the hardselling of its solutions relating to security and storage area management.

Gujarat govt to sell IT PSU to Parekh Platinum group
Gujarat government has finally decided to sell-off a major public-sector undertaking - the Rs 115 crore Gujarat Communications and Electronics Limited (GCEL) with proven expertise in manufacturing broadcast, navigation and telecom hardware - to a private player, the Mumbai-based Parekh Platinum group.

HCL Technologies appoints Rabo Finance as M&A advisor
HCL Technologies Ltd has appointed Rabo India Finance as its advisors to pen strategies on mergers and acquisitions in the country. The technology giant is looking at acquiring at least two infotech firms in India shortly. Rabo's appointment is a part of the new investment plans of the firm.

The final word -- DoT says no to raising cap on telecom FDI to 100 pc
The Department of Telecommunications (DoT) has recommended increasing the cap on foriegn direct investment (FDI) from 49% to 100% in derived telecom services like e-commerce and call centres, but it is not in favour of increasing the cap on FDI where telecom services are concerned.

Entrepreneurs In Residence -- eVentures incubates leaders
After Internet incubators, now it's the turn of CEO incubators. eVentures India, a joint venture between e-partners, Rupert Murdoch's venture capital arm, Softbank Inc and the Ispat group, has in a unique move, introduced the concept of Entrepreneur In Residence (EIR).

Small town software units push ahead on exports despite limited logistics
Small town software development centres in Orissa have done exceedingly well during 1999-2000, in spite of inadequate logistic support. A unit in Rayagada, a small town in poverty-stricken Koraput district has joined the Software Exporters Club of India.


  e-Briefing
  HCL Comnet in talks with big league ISPs, payment gateways
  Salora to invest $2m in US-based Logic++
  Scott Systems to focus on Net technologies
  Gartner Group -- Microsoft must upgrade product security
  Intel's sixth global data centre in India
  Microtek in JV with Conexant for modems
  Seagate extends partnership programme with resellers
  ECIL forays into IT education via franchise route
  Delta Innovative Enterprises introduces pre-paid card for messaging services
  News bytes
  DTS readies action plan for 2000-01
  Sun launches Solaris 8 Operating Environment
  Inqube launches C2C portal -- evalyou.com
  Mascot's Rs 36cr offer oversubscribed 1.5 times
  Three more software companies line up IPOs
  Shares slip after Wall Street slide
  Euronext holds talks with NYSE for tieup
  Food processors -- Inalsa targets 70% market share
  Maxie-mum advantage
  JobDB.com eyes India for tapping HR
  Hindustan Lever finally launches Lux Sunscreen Formula
  Combined WPP, Y&R seen adding clout in the global media market
  Indian ad industry gets ready to face the WPP-Y&R merger

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