Domestic IT firms see big bucks in Railways/More people buying laptops in India/Indian IT firms fail to bag contracts for Beijing Olympics/Mutual Funds see opportunity in stock market fall

Daily Dose |   February 27 2008

>> TOP NEWS Domestic IT firms see big bucks in Railways Pursuing a $250 to $500 million business deal, Indian IT firms have evinced a keen interest in participating in the multi-crore technology upgrade plans of the Indian Railways. More people buying laptops in India The Indian personal computer (PC) market crossed 6.5 million shipments, while laptop sales doubled to nearly 1.8 million units in 2007, said IT research firm IDC India. Indian IT firms fail to bag contracts for Beijing Olympics Mutual Funds see opportunity in stock market fall >> TECHNOLOGY Rangu Salgame quits Tejas Rangu Salgame, who joined Tejas Networks as President in October 2007, has quit the company. Airtel to lay undersea cable linking Asia, U.S. Bharti Airtel, India's leading telecom service provider, along with a global consortium announced it would set up a high-bandwidth undersea cable linking Asia with the U.S. at a cost of about $300 million. Union Bank installs software to curb money laundering WorldSpace chooses NetMagic's services >> BUSINESS 37 FDI proposals in broadcasting sector cleared Foreign Investment Promotion Board approved 37 FDI proposals pertaining to the information and broadcasting sector during 2007. Siemens cutting 6,800 jobs at SEN Siemens is to cut 6,800 jobs in its corporate telecom unit SEN as it restructures the division. Siemens hopes to turn SEN into a software provider and then sell it. ICICI Bank opening branch in New York Real Estate pitches for more foreign direct investment >> VENTURE NEWS IDBI Bank may raise funds via rights issue, FPO As part of its capital restructuring plan, state-owned IDBI Bank plans to raise funds through a combination of a rights issue and a follow-on public offer (FPO) in the next year. Bean Coffee to raise $250 Mn Amalgamated Bean Coffee Trading Company, operating in the areas like plantations, exports and retailing, is planning to raise $250 million from private equity investors. Phoenix Group to expand in India PE bosses brace for more bad news >> OTHER NEWS CEOs say tax cuts will raise consumer demand Consumer demand is expected to receive a major thrust with the likelihood of Finance Minister P. Chidambaram scissoring income tax limits in the upcoming budget of 2008-09. Indo-German trade to touch $30 Bn by 2010 The bilateral trade between India and Germany is expected to rise to touch $30 billion mark by 2010. Existing airports in Bangalore, Hyderabad to be closed India likely contender to launch South African satellite >> BLOGS Professional SEO and Link Building Service - Pravakar Das ndia,uses tried and tested methods for attaining high rankings for your website ... guaranteed. We focus on your search engine rankings through our Cheap SEO..... 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 I took the road less traveled... that made all the difference! By Vineet Nayar The author is CEO, HCL Technologies Featured Mentors Firoz Shroff Deal Architecturing and Designing Guru Ramesh Phule Avaya IPoffice Engg at Exa(Australia, Melbourn) Video spotlight Rewards and Recogniton SiliconIndia Books The Romance of Tata Steel R M Lala: The Romance of Tata Steel is a moving and fascinating account that draws upon extensive archival material and rare photographs to paint...Buy Now Vikram and Vetal Poile Sengupta: The king slashes his way through the forest, his sword cutting down the terrifying rings of leaves and branches. He climbs a tamarind tree... Buy Now

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