Shipping firms require $20 Bn to retain market share/Investors promise $2.5 Bn to Madhya Pradesh/Tara Tiny joins Nano Race with 1-lakh tag /M&M first Indian automaker to start rolling in the U.S.

Daily Dose |   February 15 2008

>> TOP NEWS Shipping firms require $20 Bn to retain market share To retain the existing market share of 13 percent in carrying Indian cargoes, the Indian shipping companies need to invest $20 billion in next five to six years. Investors promise $2.5 Bn to Madhya Pradesh The Madhya Pradesh government Friday signed memoranda of understanding (MoUs) at an investors' meet here that would bring $2.5 billion (Rs.100 billion) worth of investments to the state. Tara Tiny joins Nano Race with 1-lakh tag M&M first Indian automaker to start rolling in the U.S. >> TECHNOLOGY Wipro wins $50 Mn Pantaloon contract IT bellwether Wipro Infotech has signed a $50 million deal with Pantaloon Retail India to streamlin the IT operations of the retailer's outlets. Vitage Technologies forays into Middle East for Managed Services Vitage Technologies, a pioneering business service management (BSM) company, has chalked out an ambitious growth plan to go global. HDFC Bank inks IT compliance deal with Symantec Satyam to add 3,000 staff by March-end >> BUSINESS NTPC to invest $40 Bn over next 5 years With a view to transform itself, the country's largest power utility NTPC will be investing up to $40 billion over the next five years Larsen and Toubro bags $78.8 Mn contract in Qatar Engineering and construction company Larsen and Toubro (L&T) has secured a $78.8 million contract from Qatar General Electricity and Water (Kahramaa), a government agency of the Middle East country for transmission and distribution of electricity. Tata Industries, Boeing to form JV in India ThoughtWorks opens centre in Chennai >> VENTURE NEWS NYSE plans local entry, to acquire 5 percent stake in MCX The world's biggest bourse New York Stock Exchange (NYSE) will pick up five percent stake in Multi Commodity Exchange (MCX) - India's largest commodity exchange. Cochin Shipyard seeks govt nod for IPO Cochin Shipyard Chairman and Managing Director M. Jitendran said that the company has sought approval from government to launch an initial public offering. L&T Info to delay IPO on U.S. recession Tata Capital forms alliance with Japanese securities major >> OTHER NEWS NRIs, American friends popularise polio drive in India Sixty-four-year-old Anil Garg left India in 1970 for the United States, but for the last few years he has been visiting his homeland to motivate people to "fight the last battle against polio". Bhave will be new SEBI chief CB Bhave, Chairman of National Securities Depository, will be the new chief of market regulator Securities and Exchange Board of India. India, China will be world's growth engines: PM 'India to ensure greater private sector role in defence' >> BLOGS Maintaining Your H-1b Visa Status - Sonia Munoz The majority of people in the United States who have entered as H-1b visa holders believe that because they have obtained the H-1b visa stamp on their passport, they are able to enter, live.... 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 Challenges to start a technology company from India By Ram Gopalan The author is Managing Director, Argusoft America Featured Mentors Raghu Sethuraman Sr. Director - Supply Chain and Customer Service Abhijit Sen Prof,Kwantlen University College Video spotlight What do companies look for in experienced IT professionals. SiliconIndia Books Billions of Entrepreneurs: How China and India Are Reshaping Their Futures and Yours Tarun Khanna: This book reveals how such differences will influence China's and India's future development...... Buy Now The Puffin Book of World Myths and Legends Anita Nair: All the people on earth get together to push the sky up with giant poles because it is too low and they keep bumping their heads against it. .... Buy Now

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