India software revenues seen crossing $40 Bn/Rupee-hit IT sector needs STPI to survive/PE players sense deal prospects on maiden offer withdrawals

Daily Dose |   February 11 2008

>> TOP NEWS India software revenues seen crossing $40 Bn India's software revenues from exports are seen crossing $40 billion in FY08, says NASSCOM. Rupee-hit IT sector needs STPI to survive The Indian IT sector, which has been hit by rupee appreciation, wants the government to extend the STPI scheme beyond 2009. PE players sense deal prospects on maiden offer withdrawals PE players may derive benefit from signs of weakness in the primary market issuance as higher cost of debt may not prompt issuers to borrow significantly. >> TECHNOLOGY Ericsson signs consumer push e-mail contract with Aircel Ericsson, one of the world's leading technology providers, Friday announced its first contract for delivery of consumer push e-mail service to Indian operator Aircel. German firms to collaborate with Andhra Pradesh in biotechnology A high-level German delegation Saturday signed three agreements with the University of Hyderabad and APIIC for collaboration in the field of biotechnology. >> BUSINESS Digital Liberty Group takes over Kochi-based IT firm California based DLG has announced it is taking over 55 percent stakes in the Kochi based Comprehensive Software Solutions and Services. Biocon buys majority stake in German pharma company India's biotechnology major Biocon has acquired 70 percent stake in German pharmaceutical company AxiCorp for approximately $43.66 million. >> VENTURE NEWS New Vernon, 3i in race to invest $100 Mn in AnandRathi Mumbai based AnandRathi Securities may receive an investments close to $100 million from two funds based in U.S. and UK. Pioneer promoters looking to sell up to 49 percent stake CMYK Printech, publisher of English daily The Pioneer, is in search of strategic investors willing to buy 49 percent stake in the company. >> OTHER NEWS India-U.S. relations to grow even stronger: U.S. envoy India-U.S. relationship is going to be stronger in the coming years and will become the most important relationship America has, said U.S. envoy David Mulford. Three finalists for SEBI chairmanship The competition for the chairmanship of the SEBI is nearing completion with search committee forwarding three names to the Union Government. >> BLOGS Hype about Green IT - Raj Sheelvant Why is Green IT suddenly important? Here is my opinion - the confluence of 2 events that are creating new challenges and opportunities for the IT to go green..... 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 Head: Peering over the event horizon By Ram Menon The author is Executive Vice President, Worldwide Marketing, TIBCO SiliconIndia Books Governance Arun Shourie: Improving governance is the reform we need. But how is reform to be brought about when every proposal - whether it be electoral reform or getting the Government out of running.... Buy Now The IITians Sandipan Deb: IIT (Indian Institute of Technology) is India's biggest and most powerful brand, and arguably the toughest and most influential engineering school in the world. Buy Now Featured Mentor Dev Khare Venture Capital

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