Nasscom announces winners of 'Innovation in IT Awards' 2007 /Indian companies spends $85 Bn on infrastructure: Assocham/Insurers' annual IT bill to tr

Daily Dose | February 05 2008

>> TOP NEWS Nasscom announces winners of 'Innovation in IT Awards' 2007 Nasscom, the premier trade body of the Indian IT industry has announced the winners of the Nasscom Innovation in IT Awards 2007. Indian companies spends $85 Bn on infrastructure: Assocham Nearly 81 percent of the total investment by Indian companies till third quarter of financial year 2008 was used to develop core, physical and service infrastructure. Insurers' annual IT bill to triple to $9 Bn by 2012: Study Making a departure from the traditional ways of doing business, insurance companies are now embracing information technology in a big way. >> TECHNOLOGY Sasken may buy Nokia's R&D unit in Germany Bangalore-based Sasken Communication Technologies is likely to acquire the R&D unit of Nokia in Germany. Cisco to increase employees six fold in India To increase its talent pool in India, IT networking major Cisco System India has decided to increase its headcount six fold to nearly 360,000 in the next five years. >> BUSINESS Asian investors on buying spree on merger news Asia's primary stock indices surged on Monday, feeding on merger news, a strong performance on Wall Street and one another's gains. 59 percent growth in notebook sales in India The sales of personal computers in India registered 11 percent growth in the first half of fiscal 2007-08, with notebook sales logging an impressive 59 percent rise. >> VENTURE NEWS Reliance Power lists on bourses Feb 11 Anil Dhirubhai Ambani Group's Reliance Power lists on Indian stock markets on Feb 11, with the largest base of some 4.2 million shareholders. Ojas Venture Partners invests in Tyfone Bangalore based technology focused early stage venture capital firm Ojas Venture Partners has made a VC investment in mobile payment / banking company Tyfone. >> OTHER NEWS India is world's 4th-largest foreign currency holder India has replaced Taiwan as holder of the world's fourth-largest foreign currency reserves, Taiwan's central bank said on Monday. TCS asks 500 employees to leave India's leading software services firm TCS has asked about 500 of its employees were asked to look for another job after their performance was rated poor. >> BLOGS Marketing in a Flat World - Gaurav Kapoor Living in what has been the heart of innovation for the last several decades, this factor in my view is the one with most leverage. I am continuing on the discussing around Creativity and Innovation in this post.... 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 Think outside the box By Ambuj Goyal The author is General Manager, IBM Information Management Software. SiliconIndia Books An American witness to India Phillips Talbot,In 1938 the New York-based Institute of Current World Affairs awarded 23-year-old Phillips Talbot a fellowship with a mandate.... Buy Now Nuclear Weapons & Indian Security Bharat Karnad, This book deals comprehensively with the evolution of Indian nuclear weapons strategy.... Buy Now Featured Mentor Kiran Samudrala General Manager at EDS