NATIONAL FIPB clears 25 FDI proposals worth Rs 150 cr
New Delhi: Close on heels of the economic cooperation agreement inked during Prime Minister Atal Behari Vajpayee's visit to China, the government on June 26 cleared the Rs 30 crore FDI (Foreign Direct Investment) proposal of a Chinese company Haier Electrical Appliances to set up a 100 per cent subsidiary in India.
Wipro announces alliance with Sistina software
Bangalore: Wipro Infotech, Middle East and Asia Pacific IT arm of Wipro Limited, on June 26 announced a strategic alliance with the US based Sistina Software Inc, the premier storage infrastructure software company delivering data-sharing solutions.
FirstApex launches its European operations
Bangalore: India-based FirstApex on June 26 announced the formation of FirstApex Europe Limited, that addresses business and technology "challenges" facing European insurers, with a mix of software and services.
'US firms mull global delivery model sourcing'
Bangalore: Global Information Technology (IT) research and advisory firm Gartner on June 26 said all US companies would consider global delivery model sourcing as one of their top strategic options by 2004.
GECIS sets up BPO facility in Hyderabad
New Delhi: GE Capital International Services (GECIS) on June 25 announced the setting up of an IT-enabled services facility in Hyderabad.
Subex Software wins order from RPG Cellular
Bangalore: Subex Systems Ltd, Bangalore-based telecom software company, said on June 25 it has won an order for its In-charge Revenue Assurance Solution from RPG Cellular.
INTERNATIONAL 'India, China must not look at each other as rivals'
Shanghai: Favouring a new beginning between India and China to forge better understanding and cooperation in view of the landmark agreement reached this week, Information and Technology Minister Arun Shourie on June 26 said both the countries should not look at each other as rivals.
