India's Pay Commission suggests hefty salary hikes/IT sees dip in M&A deals in value terms/IMF to boost transparency of sovereign wealth funds/IT companies, investment banks eye economics graduates

Daily Dose |   March 24 2008

>> TOP NEWS India's Pay Commission suggests hefty salary hikes Hefty salary hikes await some four million employees of the Indian central government with effect from January 2006 if the recommendations of the sixth Pay Commission get the official nod. IT sees dip in M&A deals in value terms The cross border merger and acquisition (M&A) deals in the Indian IT industry have seen a dip in terms of value this year by half compared to the previous year. IMF to boost transparency of sovereign wealth funds IT companies, investment banks eye economics graduates >> TECHNOLOGY All Gujarat villages now connected to the net by broadband Gujarat has brought broadband connectivity to all village bodies so that "every household can avail the advantages of information technology". NetMagic plans more data centers IT firm NetMagic Solutions has stepped up its data center investments in India, demonstrating a growth from one data center to five in the last 12 months. Skoch announces 'The World Is Open Awards' winners BT completes acquisition of Frontline Technologies >> BUSINESS SBI aims at $250 Mn business in Sri Lanka Indian banking titan State Bank of India (SBI) hopes to do business of the order of $250 million in Sri Lanka in the coming three years. Small industries hold key to industrial progress: Ahluwalia Deputy chairman of the Planning Commission of India Montek Singh Ahluwalia has said small and medium enterprises (SME) hold the key to the country's industrial progress. ICICI Bank buys back bonds worth $50 Mn Tata to seal Jaguar, Land Rover deal Wednesday >> VENTURE NEWS Global PE duo to invest $500 Mn in Unitech SPV Private equity players Lehman Brothers and Deutsche Bank will jointly invest $500 million in an SPV floated by Unitech, India's second most valued real estate developer. PE firms cut corpus of realty funds Due to a tightening of global liquidity markets, private equity fund raising for the real estate and infrastructure sectors has become difficult. ETA Star plans IPO, acquires mine in Mozambique SEBI says no to non-IPO first day price band >> OTHER NEWS Bihar to set up FM radio stations in schools The Bihar government plans to set up Frequency Modulation (FM) radio stations in schools across the state to make education more effective and user-friendly. Indian American lawyer sues TV serial producers for libel An Indian American lawyer who claims he was defamed by an episode of popular crime drama "Law & Order" can press on with his $15 million libel suit against the TV show's producers, a U.S. judge has ruled. Cheap and clean fuel in plenty by 2048: Arthur Clarke New Hyderabad airport opens, but with initial glitches >> BLOGS Electronic Surveillance in India - Shayam Prasad Of late we are witnessing a controversy raised by the concerns of security agencies to regulate Blackberry services in India. The security agencies are demanding an access to data that are being...... MAGAZINE Cover Story Kirusa with its patented Voice SMS software is already making waves in this booming global mobile telephony market across various geographies. Guest Contributor Build Soft Skills for a Competitive Advantage Utkarsh Rai The author is Managing Director, Infinera India Featured Mentors Alok Varma Software Professional Somnath Das RCM Business Video spotlight Art Of Delegation Effective delegation of work is an essential management tool that frees you to become a more focused and strategic thinker, giving you a reputation for getting things done SiliconIndia Books Romancing with Life: An Autobiography Dev Anand is something of a Bollywood institution. His romantic persona, dialogue delivery song picturizations and mannerisms are legend.... Buy Now The Indian CEO The Indian CEO uses the framework developed by David McClelland of Harvard University, to determine key competencies necessary .... Buy Now

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