Thursday, March 13, 2008

IT companies hedge despite rupee fall/Mid-cap companies tap 'sub-prime' opportunities in U.S./Customers increasingly prefer music-enabled cell phones: Study/Government approves six projects worth $92 Mn

SiliconIndia  
Daily Dose |
   March 13 2008
>> TOP NEWS
IT companies hedge despite rupee fall
Despite the rupee's fall since the beginning of 2008, India's software and business process outsourcing companies continue to hedge their foreign exchange inflows.
Mid-cap companies tap 'sub-prime' opportunities in U.S.
Though the sub-prime crisis afflicts the profitability of firms in the U.S., opportunities are opening up for Indian companies to acquire their counterparts there.
Customers increasingly prefer music-enabled cell phones: Study
Government approves six projects worth $92 Mn
>> TECHNOLOGY
'Offshoring R&D 2008' begins in Bangalore
An event with a focus on the research and development landscape in India, "Off shoring R&D 2008-collaborate, Strategize, Innovate" was commenced here on Thursday.
India to get ARM's second largest design center
Royal Highness Prince Andrew, The Duke of York KG KCVO, inaugurated ARM's second largest design center outside Cambridge.
Lenovo plans research and development centre in India
DoT unlikely to stop Blackberry services
>> BUSINESS
BHEL bags $450 Mn contract from NTPC
BHEL has bagged a Rs.18-billion ($450 million) contract to supply boiler package to the National Thermal Power Corporation's 1,320 megawatt (MW) Barh stage-II supercritical power project in Bihar.
Sensex crashes by over 650 points in afternoon trade
Indian equity markets continued to trade deep in the red Thursday and slumped by over 650 points in afternoon trade. There was heavy selling across all major sectors.
Flawless Diamond bags $9.5 Mn export order
India's first web portal for the disabled launched
>> VENTURE NEWS
TCS enters joint venture with Thailand company
Indian IT major Tata Consultancy Services (TCS) has formed a joint venture (JV) with the Bangkok-based Thai Re-Insurance Public (Thai Re) to set up a company called Firstech Solutions.
IFC becomes strategic investor in Meghmani Finchem
For the first time while financing a project, World Bank affiliate International Finance (IFC) has decided to make an equity investment of up to 25 percent in an Indian company.
Tata Motors plans to raise $1 Bn to finance J-LR deal
Top microfinance companies line up PE to feed fund quest
>> OTHER NEWS
Global Indian award for Sam Pitroda
The Canada-India Foundation (CIF) has decided to honour Indian Knowledge Commission chairman Sam Pitroda with the first annual Global Indian Award for pioneering the telecom revolution in India.
Haier Mobile appoints new president
Haier Mobile has appointed Sudhir Aggarwal as its new president, a company statement said here on Wednesday.
Kerala to be first e-literate state by year-end
Bill Gates seeks more H-1 B visas for foreign engineers
>> BLOGS
Golden Chariot: Karnataka's luxury train - G Venkata Krishnan
A passenger on board the Golden Chariot luxury train is reported in The Hindu as saying, tourists in Vienna get to dine inside the palaces there. She wished the Karnataka train tour organizer had.....
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