Wednesday, March 19, 2008

World Bank approves $600 Mn for India's power systems/Govt to keep tabs on encryption code compliance /e-payment of direct taxes mandatory for corporates/NFOs now join troubled IPO club

SiliconIndia  
Daily Dose |
   March 19 2008
>> TOP NEWS
World Bank approves $600 Mn for India's power systems
The World Bank has approved a $600 million loan to the Power Grid Corporation of India to strengthen the country's electricity transmission system.
Govt to keep tabs on encryption code compliance
The Department of Telecom is taking steps to ensure that all providers of Internet services strictly follow the prescribed encryption code.
e-payment of direct taxes mandatory for corporates
NFOs now join troubled IPO club
>> TECHNOLOGY
"Huge opportunity for Global companies to set up plants in India"
"India has become a global hub of innovation. Innovation in mobile and communication technologies are now started penetrating into even rural poor," said Siddharth Behurua, Secretary, DoT.
Tata Consultancy opens delivery centre in U.S.
Software major Tata Consultancy Services (TCS) has opened its North America delivery centre, TCS Seven Hills Park, in Milford, Ohio, the U.S.
Biocon chief unveils radiology training centre
PacNet to address bandwidth demand in India
>> BUSINESS
U.S. seeks India's help to improve global healthcare
The U.S. is seeking additional scientific, regulatory and technical collaboration with India as a means to improve healthcare outcomes for patients around the world.
Tata Motors borrows $3 Bn to buy Jaguar, Land Rover
Tata Motors has secured a $3 billion loan from Citigroup and J.P. Morgan Chase to finance its intended purchase of the British marques Jaguar and Land Rover from their American owner Ford Motors.
Technology Frontiers targets retail chains and malls
January infrastructure output plummets to 4.2 percent
>> VENTURE NEWS
Hindustan Latex, Acumen Fund to build hospitals in India
Hindustan Latex and Acumen Fund, a non-profit venture philanthropy fund on Tuesday announced the formation of a joint venture (JV) to build a chain of small hospitals across India.
Baring Pvt Equity picks up 12 percent stake in Sharekhan
Baring Private Equity has picked up 12 percent stake in Mumbai-based brokerage firm Sharekhan in a deal worth Rs 240 crore (60 million).
Osian's sells 9.4 percent stake to PE firm
Air India IPO only after performance review
>> OTHER NEWS
BrahMos underwater launch in 2008, air-to-air launch in 2009
The next two stages of the BrahMos missile programme would be completed by 2009, with its underwater launch likely this year.
Goa gets Rs.17.37 Bn for development
The Planning Commission Tuesday approved Rs.17.37 billion as plan outlay for Goa for 2008-09 during a meeting with Chief Minister Digambar Kamat.
Mauritius company to hire 500 Bihar youths
Emirates' new budget carrier to bring relief to expats
>> BLOGS
Techshare: putting accessibility to information centre stage in India - Henny Swan
At the start of February I attended Techs hare India the first ever accessibility conference and exhibition in India that highlights the needs of people with disabilities......
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
Making the world a cleaner, better and smarter place
Jan Money
The author is Senior Vice President, Freescale Semiconductor
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