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

To: Mohan Marette who wrote (1012)	3/3/2000 5:07:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Business briefings Mitchell coughs up highest salary THERE the Mitchell Madison Group and Lehman Brothers have coughed up the highest annual dollar salary of $130,000 to as many as six students. Overseas firms such as Lehman, Mitchell Madison, BCG, Morgan Stanley Dean Witter, JP Morgan, Exeter and Deutsche Bank Global Markets made as many as 70 recruitment offers. economictimes.com ======= Tata Tea prices $75m GDR issue equal to Rs 430/share tatatea.com tata.com TEA major Tata Tea today priced its $75 mil global depository receipt (GDR) offering at $9.87 per GDR equivalent to Rs 430 per share. Tata Tea will deploy the $75m raised in its equity contribution to fund its œ271-m leveraged buy out of the UK-based Tetley Group. The Tata Tea GDR closed at $10.10, a premium of 2.3 per cent over its GDR pricing on the first day of trade. The acquisition is the biggest overseas by an Indian company. The issue was lead-managed by Credit Suisse First Boston, with Cazenove & Co, HSBC and Jardine Fleming acting as co-lead managers. ======== IT cos queue up to beat Mar 31 deadline for STPs stpi.soft.net EXPORTERS and IT companies are rushing to get themselves registered as export oriented units (EoUs) and software technology park (STP) units. The reasons are obvious: they are clamouring for tax holidays. But, it's time they stopped and did a rethink of their strategy. For, merely reorganising their business or transferring existing businesses will not make them eligible for tax exemptions under sections 10A and 10B of the Income Tax Act. These software companies will need to have units registered and up and running in the designated zones before March 31. =========== MTNL to enter software business via acquisitions mtnl.net.in MAHANAGAR Telephone Nigam (MTNL), the government-owned telecom service provider in Delhi and Mumbai, has decided to enter the software business through the acquisition route. "We are talking to a number of firms developing telecom software for acquiring an equity stake," said S Rajagopalan, CMD of MTNL. TBIL, a subsidiary of Telecom Consultants India (TCIL), is one of the companies holding talks with MTNL for equity participation. =========== FIIs picking up stake in Vikas WSP through pvt placement FOREIGN institutional investors (FIIs) including Morgan Stanley, GENESIS Investment Management and Zurich AMC are picking up a stake in Vikas WSP, a Rs 160 crore Rajasthan based company producing guar polymers. ============ Cadbury India sets 1:2 bonus issue cadburyindia.com bournvita.com The board of directors of Cadbury India have approved a proposal for issuing bonus shares in the ratio of one share for every two shares held, the Bombay Stock Exchange (BSE) said on Friday. ======== Infosys begins incubating staff start-ups INFOSYS which has announced its intention to use incubation funding as a strategy to increase awareness about a particular technology, and to have a stake in its potential talent, said on Friday it is evaluating a product proposal from a group of its employees. economictimes.com ============= Kaashyap in talks to buy Radiant of US kaashyapradiant.com KAASHYAP Radiant Systems Ltd (KRSL) is in talks to acquire the US-based Radiant Systems Inc. The acquisition is likely to be a stock plus cash deal and may be finalised by month-end, according to sources. hindubusinessline.com ========== SHCIL plans IPO in July STOCK Holding Corporation of India Ltd (SHCIL) is planning to come out with its initial public offer (IPO) of equity shares in the second quarter of next fiscal to fund its various expansion plans related to the capital market. hindubusinessline.com ============== Rohm & Haas to step up investment ROHM & Haas Co (Nyse:ROH), US, will enhance its investment in India through acquisitions and greenfield projects, Mr. Raj Gupta, Chairman and CEO of Rohm & Haas, has said. hindubusinessline.com ========== Melstar ties up with Linkhand, ITC Consulting melstar.com MELSTAR Information Technologies Ltd (MITL) has tied up with Swiss firm, ITC Consulting, and Linkhand Business Solutions, UK, to form a new company, Melstar UK, to provide Web solutions for the insurance sector. hindubusinessline.com