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

Friday, January 05, 2001

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Info-Tech

Financial Performance
Aztec Q3 turnover zooms
BANGALORE: The Bangalore based Aztec Software and Technology Services Ltd, which went public just a month ago has posted a five-fold increase in turnover for the third quarter ended December 31 over the corresponding period last year.

Information Technology
Compaq ties up with QSupport
NEW DELHI: Compaq Computer India has tied up with QSupport Technologies to provide online service and support to the home PC users.

Shonkh board okays preferential allotment
BANGALORE: The board of directors of Shonkh Technologies International Ltd, a convergence product company, has approved the company's plans to raise Rs 182 crore through preferential allotment.

PwC charts out IT, security strategy for AP e-initiatives
IN a trendsetting initiative for a State Government, the global risk management consultancy firm, PriceWaterhouseCoopers (PwC), has charted out a comprehensive strategy for information technology architecture and e-commerce initiatives of the Andhra Prad esh Government while covering the vital security-related infrastructure.

Formulasys plans Rs 50-cr expansion
FORMULASYS India, the wholly-owned subsidiary of US-based Formulasys, plans to expand its Pune operations with an investment of Rs 50 crore.

Kumaran solution for `i-markets'
INTERNET strategies, increasing bandwidth and convergence of application and network are transforming the business practice.

Globsyn plans software services for telecom
HAVING made its mark in high-end software education, IT-enabled services' applications and creation of an appropriate IT infrastructure to facilitate the same, the Globsyn Group plans to shortly diversify into software services aimed at facilitating mobi le telephony.



SkyCell to beef up infrastructure -- Investment pegged at Rs 60 cr
SKYCELL Communications Ltd, one of the cellular operators in Chennai, is investing Rs 60 crore in creating additional infrastructure that will be necessary to service its growing customer base.

Paisapower launches distribution arm
THE Chennai-based Paisapower.com on Thursday launched a 100 per cent subsidiary, Paisapower Network. The company claims that the subsidiary is India's first integrated, multiproduct, Web-enabled, vendor-neutral distribution company for financial products and services.

24/7 Customer.com to raise $10 million
24/7 CUSTOMER.COM, the Bangalore-based electronic customer relation management (e-CRM) services company, plans to raise $10 million to part-finance its expansion plans.


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