Government clears way for DTH
NEW DELHI: In a landmark move the government has cleared the way for Direct
To home (DTH), freeing the viewers from the clutches of cable operators.
Announcing the DTH guidelines, information minister Sushma Swaraj said that the
ban on the reception and distribution of television signals on Ku band now stood
withdrawn.
As a result of this announcement, the subscribers will now be able to access
satellite channels without the intervention of the cable operators. According to
the guidelines issued by the ministry, "DTH refers to distribution of
multi-channel TV programmes on Ku Band by using a satellite system by providing
TV signals direct to subscriber’s premises without passing through an
intermediary such as a cable operator."
The guidelines also say that an applicant company will have to be Indian and
registered under the Indian company’s act, moreover the total foreign equity
holding whether FDI, NRI or FII in the applicant company should not exceed 49
per cent. -CNS
TCS in alliance to form eAsiaFinance
MUMBAI: Tata Consultancy Services (TCS) has announced a partnership with Sweden’s
Skandinaviska Enskilda Banken (SEB), New York's Ankar Capital Management and
Compass Venture to form eAsiaFinance. eAsiaFinance will provide wealth
management products and services for the banks and will use Internet as a
communication and delivery channel along with the bank’s existing distribution
networks. eAsiaFinance (eAF) will offer a range of wealth management products
and services to banks and financial institutions in thirteen Asian countries.
eAsiaFinance will partner with banks and financial institutions to focus on Asia’s
emerging "mass affluent" market to offer global and local securities
trading, mutual funds, life insurance and various financial planning tools. —CIOL
Bureau
Wipro launches macromedia products
MUMBAI: The Enterprise Software Division of Wipro Infotech, has launched the
latest version of macromedia’s award winning product Dream Weaver Ultra Dev 4
in India. This product would provide web developers one single design
environment in which one can create, edit and deploy ASP/JSP and Cold Fusion
applications in addition to the regular HTML authoring which dream weaver
already provides. The latest version offers enhanced database support, live data
preview and better JSP and cold fusion support.
Wipro Infotech, Enterprise Software is the sole distributor for Macromedia in
the country - the San Francisco-based software giant, which specializes in
technology and services that enable developers and enterprises to create
successful Web site products.- CNS
Rolta revenues up by 42%
BANGALORE: Rolta India Ltd. has announced 42.6 per cent growth in annual
revenues, which touched Rs 254.52 crore during the financial year ending
December 31, 2000 against Rs 178.55 crore posted during the previous year.
According to a release, the cash profit generated by the company during the year
was Rs 121.49 crore, reflecting an operating margin of 66.9 per cent. The net
profit after depreciation and provision for taxation was Rs 90.86 crores,
netting a growth of 50.9 per cent over the net profit of Rs. 60.20 crores in the
last financial year. The earning per share rose by 34.5 per cent to Rs 14.80 as
compared to Rs 11 last year. The cash earning per share has increased to Rs.
19.80 as against Rs. 13.30 in the previous year. The company has announced a
dividend of 27.5 per cent. -CIOL Bureau