ADAG in soup as Sensex hits a five month low/India 4th biggest loser among emerging markets in Jan: S&P/'Enterprises incur productivity loss of about $4000 per head'

Daily Dose |   February 12 2008

>> TOP NEWS ADAG in soup as Sensex hits a five month low Sensex fell for the fifth day dropping 22.90 points to close at 6,608.01. It had risen as much as 2 percent earlier in the day. India 4th biggest loser among emerging markets in Jan: S&P A study by Standard and Poor's says that India has become the fourth worst performer among all the emerging markets in the first month of 2008. 'Enterprises incur productivity loss of about $4000 per head' Enterprises incur a productivity loss of approximately $4000 (Rs. 160,000) per employee per annum due to non work-related surfing, reveals a survey. >> TECHNOLOGY IT sector kept out of industrial parks The government has said it will no longer permit new information technology (IT) units to be set up within industrial parks. Quality, not quantity, is the problem for IT firms As a way of offsetting the bad effect of the rupee appreciation, IT firms have begun increasingly focusing on quality by weeding out "non-performers." >> BUSINESS Canadian digital firm to invest $25 Mn in India Canadian digital company Elevator News Network (ENN) plans to consolidate its presence in India. Netmagic plans $25 Mn expansion Netmagic Solution, India's carrier neutral managed IT service provider, is planning to embark on a $25 million global expansion drive. >> VENTURE NEWS GlobalLogic closes Series C round for $29.5 Mn Sanjay Singh co-founded GlobalLogic announced that it has secured $29.5 million in Series C funding. Physware launches with $2.5 Mn Series A Funding Dr. Vikram Jandhyala founded Physware has announced a $2.5 million round of funding in series A. >> OTHER NEWS India's budget to be presented on Feb 29 Finance Minister P. Chidambaram will present the union budget for 2008-09 on Feb 29. Punjabi set to become fourth most spoken language in Canada With the latest census showing a 35 percent increase in its speakers since 2001, Punjabi is set to become the fourth largest spoken language in Canada. >> BLOGS Stock Advice India - Sam Mittra Yessss.....sensex further fell to 16500 and nifty to 4850 almost as anticipated in my last blog........prices of many of large cap companies seem at interesting levels,I'm... MAGAZINE Cover Story Arasan Chip Systems, a builder of IP solutions and related services competes with established names in numerous vertical markets and comes up trumps. Guest Contributor The next level of growth for IP By Sanjay Srivastav The author is CEO, Denali Software SiliconIndia Books Pranayam Rahasya Swami Ram Dev Ji Maharaj: It is by the concentrated and coordinated, tireless and unending efforts of one's body and mind, senses and reason, that an individual attains ... Buy Now Beyond the Last Blue Mountain: A Life of J.R.D. Tata An exhaustive and unforgettable portrait of India's greatest and most respected industrialist Written with J.R.D. Tata's co-operation, this superb biography tells .... Buy Now Featured Mentor Kumaran Sr. Program Manager,Adobe

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