Friday, March 7, 2008

Indian companies' creditworthiness takes a knock /India's inflation at nine-month high/Gap between suffering and shining India increases: Swaminathan/Canadian firm to tap educational tools market in India

SiliconIndia  
Daily Dose |
   March 07 2008
>> TOP NEWS
Indian companies' creditworthiness takes a knock
Corporate India is witnessing a fall in its creditworthiness as Indian companies are borrowing heavily to acquire businesses several times their own size.
India's inflation at nine-month high
Despite a tight money policy of the central bank and the government's resolve to tame prices, India's annual rate of inflation based on wholesale prices crept up to a nine-month high on higher food prices.
Gap between suffering and shining India increases: Swaminathan
Canadian firm to tap educational tools market in India
>> TECHNOLOGY
IRCTCmobile: harnessing mobile technology for railways
Mobile rail ticketing had already been in use for several months before Railway Minister Lalu Prasad announced it as one of the highlights in his budget to modernize train reservations.
Infosys unveils Islamic banking solution
Software solutions major Infosys Technologies on Friday unveiled of its Islamic Banking Solution (IBS) for European, West Asian and Far Eastern markets.
NIIT to partner Ramco Systems
Get wired, send SMS from your ailing heart!
>> BUSINESS
Wipro's Pune Centre may employ 25,000 in two years
Wipro's Pune Development Centre (PDC) is expected to have more than 25,000 employees in the Information Technology and Business Process Outsourcing (BPO) operations within two years.
Bosch India net up 14 percent in 2007
Bosch, the Indian subsidiary of the euro 46 billion Bosch group that manufacturers automotive and industrial products, posted a net profit of Rs.6.1 billion ($152 million) in calendar year 2007.
Bank of Baroda to double its operation in three years
ICICI Bank repurchases bonds worth $50 Mn
>> VENTURE NEWS
Learning assessment company gets venture capital funding
Ahmedabad based learning assessment company, Educational Initiatives, has received an undisclosed amount of first round funding from Footprint Ventures, IFMR Trust and Maryland, U.S. headquartered Novak Biddle Venture Partners.
Pequot ventures to become FirstMark capital
Pequot Capital Management and Pequot Ventures have announced that they have decided to separate their businesses, effective from June 30 this year.
Britain's Thomas Cook to buy controlling stake in Indian arm
China Railway IPO set to buck trend
>> OTHER NEWS
Indo-Canadians make history as 5 elected MLAs in Alberta
A record five Indo-Canadians have been elected as lawmakers in the March 3 elections in Canada's booming province of Alberta.
Train services, power supply disrupted in Northern India
A major power outage in the northern parts of India cut electricity supplies to several states, including the national capital, and disrupted train services, before being completely restored by around 10:30 a.m.
Sikhs lose challenge to helmet rule in Canada
Embattled Indian telecom firm loses $70 Mn in Nepal
>> BLOGS
CARBON NANOTUBES...THE NEXT REPLACEMENT OF CMOS? - Priya
Carbon nanotube science and technology Carbon nanotubes are molecular-scale tubes of graphitic carbon with outstanding properties. They are among the stiffest and strongest fibres known......
MAGAZINE
Cover Story
The global mobile telephony market has grown at a rapid pace in the last few years. Kirusa, with its patented Voice SMS software is already making waves in this booming market across various geographies..
Guest Contributor
Think outside the box
By Ambuj Goyal
The author is General Manager, IBM Information Management Software
Featured Mentors
Manikandan A
Exserviceman, Have BPO unit
Hardy Alexander
Sr. Director
Video spotlight
Why are soft skills important for experienced techies?
SiliconIndia Books
Set of 25 Comics on Mythology from Amar Chitra Katha
Amar Chitra Katha literally translates into "Immortal Picture Stories". These are a series of comics most Indian children and adults read in....
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Get Smart: The Puffin Book of Games, Puzzles and Activities
A fun informative activity book for six-eight-year-olds, where they can revise as well as learn new concepts in Maths, English and General Knowledge.

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