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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5105)	7/13/1999 8:53:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Analyst Recommendations. Associated Cement Company Raised to 'Hold' at CSFB Bloomberg News July 13, 1999, 1:44 a.m. PT Mumbai, July 13 (Bloomberg Data) -- Associated Cement Cos Ltd (ACC IN) was raised to ''hold'' from ''sell'' by analysts Asit Shah and Prashant Gokhale at Credit Suisse First Boston Inc. ====================== Tata Iron Steel Named 'Neutral' at SBI Capital Markets Bloomberg News July 13, 1999, 1:42 a.m. PT Mumbai, July 13 (Bloomberg Data) -- Tata Iron & Steel Co Ltd (TISCO IN) was named ''neutral'' by analyst Prateek Agrawal at SBI Capital Markets. ======================= Smithkline Beecham Consumer Healthcare Named 'Buy' at CSFB Bloomberg News July 13, 1999, 1:48 a.m. PT Mumbai, July 13 (Bloomberg Data) -- Smithkline Beecham Con Healt (SKB IN) was named ''buy'' by analysts Asit Shah and Manish Nigam at Credit Suisse First Boston Inc. =================== BFL Software Ltd Maintained 'Outperform' at BNP Prime Bloomberg News July 13, 1999, 2:11 a.m. PT Mumbai, July 13 (Bloomberg Data) -- Bfl Software Limited (BFL IN) was maintained ''outperform'' by analyst Vs Hariharan at BNP Prime Peregrine. ================== Infosys Technologies Ltd Named 'Outperform' at BNP Prime Bloomberg News July 13, 1999, 3:39 a.m. PT Mumbai, July 13 (Bloomberg Data) -- Infosys Technologies Ltd (INFO IN) was named ''outperform'' by analyst Vs Hariharan at BNP Prime Peregrine

To: Mohan Marette who wrote (5105)	7/13/1999 9:17:00 AM
From: Mohan Marette	Respond to of 12475

Videocon To Make Net TVs, Plans To Be An ISP Videocon Web site: videoconinternational.com By Uday Lal Pai InternetNews India Correspondent [July 12, 1999--MUMBAI] Videocon International, one of India's large Consumer Electronics and Home Appliances Company, is all set to start manufacturing set-top-boxes (STB) in the country. It also plans to become a national (A-grade) Internet Service Provider (ISP) in India. A combination of STB manufacturer and ISP would put Videocon in a unique position - the first Indian company to combine consumer electronics, information technology and communication. Its competitor, electronic giant BPL, holds an ISP license and is planning to become a major player in the convergence sector, but it has not yet revealed its complete plans to the public. According to Naveen Mandhana, CEO of Videocon's India OA Systems (previously called Videocon Infochannel), the company plans to manufacture about 25,000 STBs per annum to begin with and increase the output once the market expands. "Currently nobody manufactures set-top boxes in India. And for us it will be a good synergy with our existing range of televisions," he said. Videocon plans to launch its set-top boxes, priced at US$375 each, sometime next month, according to sources. However, the company was not willing to divulge the name of the technology provider. Apparently, the technology for Videocons Net TV offering was acquired from a US-based laboratory. Unconfirmed reports say that Sony of Japan is the only other company to have acquired this technology from the same lab. Though a decision to apply for ISP license has not finalized yet, the company is actively perusing for the foray to Internet market, states Videocon International president Pradeep Kumar Dhoot. He says the STB will come equipped with a wireless keyboard and 8 MB memory that will allow users to download small amounts of data. The company will use its existing television distribution channel to market its STBs. It also plans to enter into an OEM agreement with large cable companies which start offering Internet services. According to analysts, the market for STBs in India will grow exponentially when Internet access becomes easier in the secondary level cities, which will mainly be targeted by the Cable TV operators. Apart from STBs, Videocon is planning to launch tv.comp - a combination of television, computer with multimedia facility - with 21 inch television. The earlier versions of tv.comp launched earlier this year came with 25 inch TV and a price tag of around US$950. According to Dhoot, the tv.comp would co-exist with STBs, where tv.comp would target consumers seeking higher configurations. However, experts point out that the surfing experience on a television will not be that satisfying because of the poor resolution of a television when compared to that of a monitor. Videocon has embarked on a massive globalization program, with the objective of building a US$5 billion company by the year 2007. The STB project forms part of the plan, says Dhoot.

To: Mohan Marette who wrote (5105)	7/13/1999 9:25:00 AM
From: Mohan Marette	Respond to of 12475

Voltas bags Rs 750mn Abu Dhabi contract Voltas Web site: tata.com Date: 7/13/99 6:18:04 PM Voltas International has bagged a Rs 750mn contract to provide electrical services for the first phase of upcoming Abu Dhabi Trade Center. Abu Dhabi trade center will be built in three phases. The first phase includes a 3-level podium, shopping mall, 6-screen cinema complex, entertainment center, water sports facilities, coffee shops, restaurants, 260 retail shops and double level basement park for 3,000 cars. Second and third phases of the contract include a hotel, apartment towers and offices. (Probity Research)