Monday, April 14, 2008

India a hot destination for CEOs/Hardware sales to touch $360 Bn by 2015: PHD Chamber/India seeks overhaul of global financial system/Haryana collects record Rs.100 Bn in taxes

SiliconIndia  
Daily Dose |
   April 14 2008
>> TOP NEWS
India a hot destination for CEOs
It seems that the brain drain is becoming a passe.Top executives in several multinational companies are declining senior-level assignments abroad because they do not want to miss opportunities in India.
Hardware sales to touch $360 Bn by 2015: PHD Chamber
Industry body PHD Chamber said that on the back of increasing demand of consumer electronics, sales of hardware in the country is poised to touch $360 billion by 2015.
India seeks overhaul of global financial system
Haryana collects record Rs.100 Bn in taxes
>> TECHNOLOGY
Microsoft and HCL launch world's cheapest laptop
Software leaders Microsoft India and HCL Infosystems have announced a set of joint initiatives, including the launch of world's cheapest "Windows" enabled laptop computer and setting up of a centre of excellence.
Satyam to build software development centre in Australia
India's IT major Satyam Computer Services will build a new software development and training campus, creating 2,000 jobs, in the cosmopolitan town of Geelong in Australia's Victoria state.
IBM to use 'spintronics' to increase computer memory capacity
Software to locate stolen laptops launched
>> BUSINESS
Tata Communications to expand its global network to Egypt
Tata Communications Ltd. has inked a deal with TE Data S.A.E., a subsidiary of Telecom Egypt and Egypt's largest P-based data communications carrier for the expansion of its global VPN (virtual private network) service in Egypt.
Hyundai cuts export target due to strong rupee
Korean carmaker Hyundai Motor's Indian subsidiary has reduced its export target from 265,000 units to 212,000 units in 2008 due to appreciation of the rupee, said a company official.
Saudi knowledge city in tie-up with Wipro
India to import more cement from Pakistan
>> VENTURE NEWS
You Telecom, Red Snapper set up JV for wireless network
You Telecom, owned by Citigroup Venture Capital International, has entered into a 50:50 joint venture with Malaysia's wireless technology and Voice over Internet Protocol (VoIP) major Red Snapper.
Future Logistics to raise $25 Mn via PEs
Future Logistics Solutions (FLSL), the logistics arm of Future Group, will raise $25 million (Rs10 crore) by selling stakes in the venture to private equity firms.
Grasim Industries hikes its stake at Canadian JV
>> OTHER NEWS
India to work with Latin America to strengthen developing countries: Patil
India will work together with the Latin American countries on a common platform so that the voice of the developing countries be heard in the international arena, said Indian President Pratibha Patil.
Mittal brothers deny rumours of rift
Lakshmi Mittal, owner of the world's largest steel company, and his younger brother Pramod Mittal have denied rumours of a family feud, the Sunday Times reported.
20 farm suicides in three days in Vidarbha
Cell phone batteries that won't overheat
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