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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (900)	2/26/2000 4:06:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

More on CRISIL-Satyam Infoway Joint Venture. Crisil, Satyam JV to give ratings for B2B e-commerce Our Mumbai Bureau 26 February THE Credit Rating Information Services of India (Crisil) has signed an MoU with Satyam Infoway to provide web-based counter-party ratings that will facilitate business to business (B2B) e-commerce. The joint venture, which will be majority owned by Crisil, will provide performance capability ratings and financial ratings of B2B e-commerce participants. At present, while dealing over the net, a company does not know if its business counterpart has the ability to fulfil its obligations. Neither does it know the financial standing of the other party unless it is a listed company. "The JV will seek to address this niche, and will endeavour to provide ratings using an automated module and other offline inputs to deliver a rating in a compressed time frame of 24 hours," said R Ravimohan, Crisil managing director. The ratings that will be provided by the proposed JV will differ from digital certificates which merely certify that a company is indeed the entity that it claims to be and not an impostor. "Details of the JV, like capital base, exact shareholding pattern and pricing for the service area are expected to be announced in a month or so from now," said Mr Ravimohan. Satyam Infoway managing director R Ramraj said, "Through this initiative, we are together exploring the service performance ratings for Indian corporates, and thus provide the comfort and the certification factor for Indian corporates to do B2B transactions on the net." Crisil is also trying to rope in the US-based Carnegie Mellon University, which provides the Software Engineering Institute's Capability Maturity Model that is used to evaluate the standing of a software company's skill-sets and ability to deliver. "We are targeting a build-up of this service on a global basis, and Carnegie Mellon has already done some research in the area of market requirements. So it will be beneficial to involve them in the project," he added. B2B commerce is a fast emerging market and this is where most of the money is being made or saved, said a Crisil press release. Today many companies are hesitant to trade on the net specially because of lack of standards in evaluating the performance of suppliers who participate in online trading. According to the latest report by Nasscom, B2B e-commerce transactions in India were estimated at over Rs 375 crore ($81 mil) in '99-00, and this figure is expected to cross Rs 10,000 crore ($2.17 bil) by '02-03, growing at 300% a year, said the release. Satyam Infoway currently offers a range of products that cover the entire gamut of internet related services. SatyamOnline, the country's first and largest private internet service, has a presence in 34 cities across the country. Over 350 large corporates use Satyam Infoway's B2B products and services. -Economic Times