Budget dashes IT industry's hope on tax holiday extension/Space research gets $900 Mn/U.S. economy in slowdown but not headed into recession: Bush /Indo-French trade grows 55 percent in two years

Daily Dose |   February 29 2008

>> TOP NEWS Budget dashes IT industry's hope on tax holiday extension The booming IT industry in India's silicon hub was disappointed over the absence of tax holiday extension in the national budget for fiscal 2008-09. Space research gets $900 Mn In order to maintain India's growth and global presence in space, Finance Minister P. Chidambaram on Friday allocated Rs.36 billion ($900 million) for space research during 2008-09. U.S. economy in slowdown but not headed into recession: Bush Indo-French trade grows 55 percent in two years >> TECHNOLOGY Huge growth potential for animation in India: British expert Animation in India is still in the nascent stage but with huge growth potential in the domestic market the discipline has a good future in the country, said Chris Webster, a British writer. Dax Networks executes nationwide connectivity project for CAMS Dax Networks, one of the top three networking companies in India, has executed a nationwide networking project for CAMS. FirstApex signs MOU with Wuxi Government Wipro to use Informatica's platform >> BUSINESS India's ICICI bank launches financial centre in Germany India's ICICI Bank launched its German operations on Thursday by opening a branch in the financial centre of Frankfurt. Small and medium IT enterprises disappointed with budget Small and medium IT enterprises here are disappointed with the 2008-09 budget presented by Finance Minister P. Chidambaram on Friday. Banking stocks plummet on farm loan waiver India to miss export target in 2007-08: Chidambaram >> VENTURE NEWS India-China JV to set up steel plant in Karnataka Two Chinese majors and three Indian partners have formed a joint venture to set up an iron ore pellet and steel plant in north Karnataka at an estimated cost of $2.2 billion. Union Budget gives VC firms the jitters over tax norms The already vexed venture capital (VC) sector is heading to receive another jolt as the government plans to bring overseas M&As involving Indian companies under the tax net. Apollo in JV to set up hospital in Mauritius Merrill Lynch targets $500 Mn from new fund >> OTHER NEWS New IITs for Bihar, Andhra and Rajasthan Three more Indian Institutes of Technology (IIT) would come up in Bihar, Andhra Pradesh and Rajasthan in fiscal 2008-09, Finance Minister P. Chidambaram informed parliament on Friday. Tatas give 65,000 new books to poor U.S. kids The Tata Group North America has joined First Book, a non-profit organisation, in a programme to distribute 65,000 new books to poor kids across the U.S. India high on Obama, Hillary radars Steel tycoon Mittal to sell his London home >> BLOGS Psychology of winning entrepreneurs - Gunjan Sinha Entrepreneurship is often studied and analyzed from the perspective of how an entrepreneur can undertake business or social ventures and build them to a flourishing enterprise....... MAGAZINE Cover Story Arasan Chip Systems, a builder of IP solutions and related services competes with established names in numerous vertical markets and comes up trumps. Guest Contributor Hi-tech manufacturing - an opportunity in waiting By Deepak Puri The author is Chairman & Managing Director, Moser Baer Featured Mentors Rajib Chatterjee Group Project Manager,iGATE Global Ayan Bhattacharya Strategy Associate Video spotlight What do Companies look for in Experienced IT Professionals. SiliconIndia Books Set of 100 comics from Amar Chitra Katha Anant Pai: Amar Chitra Katha comics promote learning about the rich heritage of India through colorful, interesting stories presented in every one of these books. Buy Now Two Alone, Two Together: Letters between Indira Gandhi and Jawaharlal Nehru 1922-1964 Sonia Gandhi: Jawaharlal Nehru and his daughter Indira Gandhi were eloquent and prolific letter writers. The letters in this volume, selected from the extensive correspondence between.... Buy Now

If you are siliconindia network member and do not want to receive daily dose, please select "unsubscribe" from your setting page when you log in. If you are not a member, visit here to stop receiving daily dose.