Friday, March 7, 2008

Four Indians in Forbes list of 10 richest in world

Four Indians in Forbes list of 10 richest in world
Four Indians are among the 10 richest in the world, the highest number from a single country, according to Forbes' list of world's billionaires.

Government mulls easing FDI norms
Government of India is considering an easing of the Foreign Direct Investment (FDI) policy.

India's dominance as top BPO hub declines
Pune catching up with Bangalore in IT wages

>> TECHNOLOGY

Tata Communications partners U.S. firm for Internet video
Leading telecom services provider Tata Communications (TCL) has tied up with U.S. based content provider BitGravity to provide high-quality video over the Internet.

T-Systems integrates with Cognizant
Deutsche Telekom's enterprise customer division, T-Systems, and global IT services provider Cognizant on Wednesday announced a global systems integration alliance.

Cisco introduces fully integrated networking semiconductor
U.S. slowdown will impact IT results in Q4

>> BUSINESS

Wipro's Pune Centre may employ 25,000 in two years
Wipro's Pune Development Centre (PDC) is expected to have more than 25,000 employees in the Information Technology and Business Process Outsourcing (BPO) operations within two years.

Bosch India net up 14 percent in 2007
Bosch, the Indian subsidiary of the euro 46 billion Bosch group that manufacturers automotive and industrial products, posted a net profit of Rs.6.1 billion ($152 million) in calendar year 2007.

WTO strikes down U.S. import curbs on Indian seafood
Birla opens hypermarket in Gujarat

>> VENTURE NEWS

SEBI to cut time between IPO close and listing
Securities and Exchange Board of India (SEBI) plans to reduce the time between the close of initial public offerings (IPOs) and their listing.

Deora visit: ONGC venture to be inked
A joint venture agreement between PDVSA, the national oil company of Venezuela, and ONGC is scheduled to be signed on March 8 at Caracas.

Reliance Retail in JV with Dutch firm for optical chain
Pequot ventures to become FirstMark capital

>> OTHER NEWS

Satyam opens facility in Egypt, to focus on Middle East
Satyam Computer Services, India's fourth largest software exporter, on Wednesday launched its Global Solutions Centre (GSC) in Egypt.

Online travel major launches Indian site
Global online travel company Expedia Thursday marked its presence in India with the launch of its online travel booking site targeted specifically at the Indian market.

Technologies that don't disappoint
Kerala IT event starts March 13

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