NATIONAL Satyam opens Budapest centre, to hire 60 engineers India's fourth largest software exporter Satyam Computer Services today (Nov 2, 2004) said it plans to hire 60 software professionals in Hungary, where it has set up a 6,000 sq ft software development centre.
'Semiconductors next big wave in India's tech sector' A group of firms working in the semiconductor space today (Nov 2, 2004) launched the India Semiconductor Association (ISA) with an effort to bolster growth, for what is projected as "the next big wave" for the Indian technology sector.
Infosys and Smart Internet join hands on R&D Information Technology major Infosys on Tuesday (Nov 2, 2004) signed an agreement with Australian company Smart Internet Technology CRC to partner in research and development projects.
VSNL, Cisco Inc to deploy broadband at low cost Tata group company Videsh Sanchar Nigam (VSNL) and global networking major Cisco Systems Inc on Tuesday (Nov 2, 2004) signed a Rs 500 crore (Rs 5 billion) agreement to deploy broadband metro Ethernet solution, that will offer broadband services at less than Rs 1,000 per month.
"This is the largest broadband metro Ethernet deployment in India and will provide 10/100 mbps broadband connectivity," VSNL head, broadband business, Shashi Kalathil said.
TechSpan acquires B'lore based Elind Computers TechSpan India Limited today (Nov 2, 2004) announced it has acquired the assets of Elind Computers Private Limited, a Bangalore-based software provider focused on the global securities industry.
Sensex gains 51 pts as oil price falls; ends at 5754 Stocks scored impressive gains for second straight day lifting the Sensex by another 51 points at close in lacklustre activity on the Stock Exchange in Mumbai (BSE) today (Nov 2, 2004) on fresh buying support prompted by a plunge in crude prices in Asian trade this morning.
India needs big investments in Civil Aviation: Panel India must make "substantial" investments in expeditious upgradation of its civil aviation infrastructure in order to face major competition from China, Japan, South East and West Asian nations, a high-power Government committee said today (Nov 2, 2004).
All set for VAT: States to be compensated by Centre In a major step towards tax reforms, the Centre today (Nov 2, 2004) agreed on a 3-tier system of compensating the States that incur revenue loss on account of implementing the value-added tax (VAT) from April 2005, after all States, except Uttar Pradesh and two others, said they were ready with the necessary legislations.
BPO is not just cost factor, but survival too: Expert Global corporations that look at offshoring IT and BPO work to countries like India are not just looking at short term gains, but how offshoring gives returns over a 10 year period, an IT industry official said.
'Small cities will see faster IT growth in future' India's smaller cities and towns will register a faster growth in software and BPO exports as IT and BPO firms, backed by booming offshoring orders from customers expand into secondary cities to arrest costs and talent attrition, a top IT Department official said today (Nov 2, 2004).
