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Technology Stocks : Infosys Technologies Ltd. (Nasdaq:INFY)

INFY 17.82

-1.2%

Jan 9 9:30 AM EST

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To: Mohan Marette who wrote (14)	3/2/2000 8:54:00 AM
From: Mohan Marette	Read Replies (1) of 29

India Business Briefs: Infosys, Jammu Bk In Software Deal Thursday, March 2 8:11 PM SGT India Business Briefs: Infosys, Jammu Bk In Software Deal BOMBAY (Dow Jones)--Infosys Technologies Ltd. (INFY) will shortly provide Internet banking software to Jammu & Kashmir Bank Ltd. (P.JAK) at a cost of 7.5 million rupees ($1=INR43.57). Contech Software Ltd. will sell 1.4 million shares at 60 rupees ($1=INR43.57) each in an initial public offer that opens March 9. It will also sell an additional 200,000 shares at INR75.0 each to the founder-owners of the company. Contech offers software services and has been active in telecommunications and e-commerce. Daewoo Motors India Ltd., a unit of South Korea-based Daewoo Motor Co. (Q.DMT), is reviewing the viability of its commercial vehicle and bus manufacturing operations in India, according to United News Of India. The review was initiated in view of low sales figures for its buses and increasing demand for its Matiz small car, UNI said, quoting company officials. Dow Jones Newswires; 91-11-461-9426; 91-22-288-4211

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