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This is an archive article published on December 24, 1998

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1:1 bonus from InfosysMUMBAI: Infosys Technologies Ltd has announced a bonus issue of shares in the ratio of 1:1. The company has convene...

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1:1 bonus from Infosys

MUMBAI: Infosys Technologies Ltd has announced a bonus issue of shares in the ratio of 1:1. The company has convened an extraordinary general meeting of its members on January 20 to seek approval for the purpose. 8220;Capital restructuring is a continuous process at Infosys and the bonus issue is proposed to align the equity capital in line with the capital employed in the business. The paid up share capital of the company would increase from Rs 16.02 crore to Rs 32.03 crore, consequent to the bonus issue,8221; said Infosys chairman and managing director N R Narayana Murthy.

Mercator from Nortel Networks

MUMBAI: Nortel Networks unveiled Mercator, a recent addition to its portfolio of integrated communications products for the first time in India. The Mercator offers simple but powerful transition to all-digital communications in a compact and flexible package perfect for small to medium size enterprises. Nortel Networks has appointed GEIL Project and Services I Ltd todistribute the product.

PWC to work on software for MSEB

MUMBAI: The Maharashtra State Electricity Board MSEB has hired the international auditing and consultancy firm Price Waterhouse Coopers to develop its information-technology systems. The project, which was needed primarily to make MSEB8217;s existing system Y2K-compliant, will also improve the billing cycle time. The board plans to invest Rs 40 crore in the project, and expects to break even in two years. This also includes expenses on hardware and training. The project is being carried out in coordination with Oracle Software India.

 

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