GOOGLE'S VERSION OF WIKIPEDIA GOES MULTI-LINGUAL

San FranciscoThe Economic Times Google on Thursday made its version of communally-constructed online encyclopedia Wikipedia multi-lingual, opening its Knol compendium to nuggets of knowledge shared in French, Italian or German. The Internet search powerhouse is inviting people to submit written "knols," to indicate units of knowledge, in those languages as well as in English. Google's free Knol service has floundered since its July launch and international contributors could help it better compete with Wikipedia, which is consistently...

INTEL TO INVEST $11.7 MN IN TAIWAN WIMAX VENTURE

TaipeiThe Economic Times Chip giant Intel on Thursday announced a series of moves in Taiwan to support its wireless computing products, including a new T$386 million ($11.7 million) investment. Intel's venture capital arm will invest the T$386 million in VMAX, one of several companies building new wireless networks in Taiwan based on the standard known as WiMax, which can deliver data at high speeds over relatively large areas. Intel and the Taiwan government will also jointly establish a support center for Moblin, open source software...

AOL.COM ROLLS OUT HOMEPAGE REDESIGN

WashingtonThe Economic Times AOL.com, the web portal of America Online, rolled out a redesigned homepage on Thursday it hopes will become a central station of sorts for Internet travelers by letting people coordinate social networks, email accounts and more without switching from site to site. The move comes a month after AOL.com, the number four gateway to the web after Google, MSN and Yahoo, revamped its homepage to allow users to preview outside email accounts without having to leave a homepage. With "My Networks," users can now...

NOD FOR 100% FDI IN GPS UNITS SOON

Rajat Guha, New Delhi The Economic Times (Mumbai edition) The government is all set to allow 100% foreign direct investment (FDI) in global positioning system (GPS)-enabled devices. At present, there is 100% FDI in products under telecom equipment category. A notification would soon be issued about bringing GPS-enabled systems under the list of FDI-approved telecom equipment. Of late, the demand for GPS-based security systems has gathered steam following recent bomb blasts in various Indian cities. The GPS is a space-based radio navigation...

POWER SECTOR OFFERS HUGE OPPORTUNITY FOR IT COS: MINISTER

Bangalore The Economic Times (Bangalore edition) The Hindu The Asian Age The ongoing attempt to reform India’s power sector, especially in the transmission and distribution segments, presents a huge business opportunity for the country’s information technology industry, Union minister of state for power Jairam Ramesh said on Thursday. He said there is a need to replicate the success of the IT industry in the power sector, especially in the use of technology in redefining the distribution network. The minister, who unveiled a report...

IT SEZS MUST WAIT FOR 100% TAX EXEMPTION

New DelhiThe Economic Times The Tribune The Asian Age IT may be a long wait for IT SEZs, which are looking forward to a review of section 10AA (7) of the Income Tax Act for enjoying 100% tax exemption on profits. The empowered group of ministers (eGoM) on special economic zones (SEZs), which met on Thursday, has not only deferred a decision on the need for a review, it is also now clear that a change in the section can only happen through an amendment to the Act. Since the Act can be amendment only by Parliament, any change in the...

WIPRO IMPLEMENTS ORACLE'S PEOPLESOFT IN J&K BANK

BangaloreThe Hindu Business Line The Economic Times (Delhi edition) Financial Chronicle Wipro Infotech, the IT business arm of Wipro Ltd, on Thursday announced that it has implemented Oracle's Peoplesoft Enterprise Human Capital Management 9.0 for Jammu and Kashmir Bank. It will help streamline the HR management of the bank, which has an employee strength of more than 8,000. It will also enable the cutting down of paper work to a major extent and reduction of manual work thereby lending alacrity to HR processes, Wipro said in a statement...

REVENUES FROM MAINTENANCE DEALS UP

Adith Charlie, MumbaiThe Hindu Business Line The global financial crisis seems to have prompted client companies to outsource IT projects of a more traditional nature as is evident from the September quarter numbers of major IT firms. Indian IT firms have shown a significant jump in sequential revenues from the application maintenance and development (ADM) practice for the quarter ended September 30. While ADM revenues have gone up by 13.7 percent for Tata Consultancy Services, it has gone up by 9.8 percent and 8.7 percent for Infosys...

NEW LEASE TO BE SPLA RESELLER FOR MICROSOFT

Shanthi Kannan, Chennai The Hindu New Lease Software of Chennai has entered into a joint venture with New Lease Australia to be the SPLA (service provider licence agreement) reseller for Microsoft in India, according to V. K. Chandrakumar, Chairman and Chief Executive of New Lease Software. Chandrakumar told this correspondent that under the agreement, the company was entitled to operate throughout India. But initially, it would operate in four Southern States. It had also been appointed as SPLA reseller by Microsoft, Singapore, he added....

INTEL TO SET UP SOFTWARE CENTRE IN TAIWAN

The Hindu Intel Corp. CEO Paul Otellini on Thursday announced that Intel had signed an agreement with the Taiwan Ministry of Economic Affairs to jointly provide support for open source software and applications designed for Intel’s new Atom processor-based devices in Taipei, Taiwan....

GOOGLE LOOKING TO INVEST IN ENERGY SECTOR

October 30, 2008The Economic Times Internet search and advertising leader Google Inc is increasingly looking at the energy sector as a potential business opportunity, a newspaper reported. Engineers at Google are hoping to unveil tools soon that could help consumers make better decisions about their energy use, the paper said. Google has hired engineers who are conducting research in renewable energy, former government energy officials, scientists and even a former NASA astronaut, whose experience with electronic gadgets is being put...

HP LAUNCHES $400 MINI-NOTEBOOK AS IT PLAYS CATCH-UP

San Francisco, October 30, 2008 Mint Hewlett-Packard Co on Wednesday will unveil a new mini-notebook in a move to gain ground in the fastest-growing PC category, which until now has been dominated by its smaller rivals. Netbooks - ultraportable, inexpensive laptops designed for Web browsing and light tasks - have taken the PC market by storm this year, with smaller computer firms such as Acer Inc and Asustek Computer Inc leading the charge. HP’s sleek new Mini 1000, costing about $400, is significantly different from the company’s first...

INTEL PUTS $20 MN IN GREEN POWER

Los Angeles, October 30, 2008 The Times of India The investment arm of US chip giant Intel Corp announced a $20 million investment in a Chinese solar cell manufacturing company to spur local green energy production even as oil prices decline. When oil prices peaked at $147 a barrel in the third quarter, venture capitalists flocked to sustainable energy companies. But now that the price has dropped back to the mid-$60s a barrel, that enthusiasm has waned. Intel expects its investment in Trony Solar Holdings Co Ltd to invigorate the...

GARTNER SEES LOWER IT SPEND FOR APAC

New Delhi, October 30, 2008 The Economic Times With companies in Asia Pacific expected to delay their technology spends, the region could see IT spending grow 8.3% in 2009, against an earlier projection of 11%, tech research firm Gartner said on Wednesday. The firm had earlier said that global IT spending could see only a 2.3% increase next year, in a worst case scenario, with hardware and IT services likely to be hit first. According to Gartner managing VP Matthew Boon, the second half of 2008 has seen and will continue to see shifts...

ORISSA LAUNCHES COUNTRY'S FIRST GEO-SPATIAL DATA SYSTEM

Bhubaneswar, October 30, 2008 The Economic Times Frequently hit by natural calamities like flood, cyclone and heatwaves, Orissa government on Wednesday launched a pilot project on mobile-based technology for generation of geo-spatial data system as part of it's preparedness to meet the challenges. While paying homage to the victims of Supercyclone and others in different calamities in the state and launching the service, Chief Minister Naveen Patnaik said the instrument used in the generation of geo-spatial data system was designed by...

MINISTERS PANEL TO RESOLVE TAX ISSUES FOR IT SEZS

New Delhi, October 30, 2008 The Economic Times Financial Chronicle An empowered group of ministers is meeting here on Thursday to find a way of removing anomalies in calculation of tax benefits for IT special economic zones, which account for bulk of the SEZs approved. "The issue (relating to Section 10 (AA) of the Income tax Act) will be discussed by eGom. Ministers will take a decision," Commerce Secretary G K Pillai said. Pillai said Section 10 (AA) needs to be amended so that the tax benefits under the SEZ Act are given without...

BHARAT BIOTECH TO DEVELOP BIOTECH-PHARMA-IT PARK IN ORISSA

Hyderabad, October 30, 2008 Mint The Hindu Deccan Chronicle City-based Bharat Biotech International Ltd, a producer of vaccines and biotherapeutics announced that the Orissa government has selected the company as the developer for its ‘Biotech-Pharma-IT Park’ project under public-private-partnership (PPP) mode. The proposed industrial park is coming up on a 54.86 acre land located at Mouza-Andharua in Bhubaneswar. BBIL will promote a Special Purpose Vehicle (SPV) to undertake the integrated industrial park. The project is estimated...

MAXSOFT SIGNS MOU WITH IIT-M

October 30, 2008The Economic Times (Bangalore edition) Mint Bangalore-based computer-aided engineering solutions provider MaxSoft will sign a memorandum of understanding (MOU) on Friday with IIT Madras to establish IITM – Maxsoft Centre of Excellence (COE) for system simulation and smart structures, a company statement said. The COE will provide exposure to the multi-domain system modeling and simulation methodologies to students and corporate groups....

ELICO ACQUIRES US-BASED CODING & BILLING CO

Phalguna Jandhyala, Hyderabad, October 30, 2008The Hindu Business Line Elico Ltd has acquired a US-based coding and billing company. “The company we have acquired is the first acquisition in the BPO business and depending on the success of this acquisition we will look for more in the future,” Ramesh Datla, Managing Director, Elico Ltd said. He, however, did not want to give the size of acquisition as both the companies are privately owned. The Hyderabad-based Elico is a manufacturer of electronic analytical instruments, professional...

NEW LEASE APPOINTED SPLA RESELLER FOR MICROSOFT

Chennai, October 30, 2008 The Economic Times (Bangalore edition) Bangalore-based New Lease Software, a 51-49 joint venture between Australian company New Lease Software Pty and the nascent Indian company New Lease Software, has been appointed as a SPLA (service provider license agreement) reseller for Microsoft’s SaaS (software as a service) products in India. This comes two-years after Chennai-based Kryptos was appointed for the same purpose. “We are not exclusive resellers for these products; but we have our own sales targets in terms...

SATYAM ACCEPTED AS AN ASSOCIATE MEMBER OF AUTOSAR

Hyderabad, October 30, 2008 The Economic Times The Hindu Business Line Financial Chronicle Global consulting and information technology services provider, Satyam Computer Services on Wednesday said that the company has been accepted as an associate member of AUTOSAR, a partnership of automotive original equipment producers, suppliers and tool vendors. With the participation in AUTOSAR (automotive open system architecture), Satyam will expand its footprint in the outsourced embedded automotive engineering services market, a company release...

SEMINDIA TO MAKE CHIPS FOR MOBILES

Chiranjoy Sen, Bangalore, October 30, 2008The Economic Times The SemIndia Group aims to start making chip modules for low-cost cellphones at its Hyderabad facility from April 2009, but ambitious plans for a semiconductor fabrication unit have been put on hold, the head of SemIndia’s electronics products arm said. The modules will made at the ATMP (assembly, testing, marking and packing) facility for its Singapore-based partner Jurong Technologies, MD Bob Kondamoori said. Kondamoori is the managing partner of venture capital firm SandalWood...

IT companies look at Europe, Asia-Pacific

Economic times CHENNAIWith the US economy in the doldrums and firms cutting back on IT spending, Indian tech majors are turning their radars towards new locations such as Europe, West Asia and Latin America.However, industry observers say these markets will be tough for Indian vendors to break into, as issues such as language, labour policies and longer sales cycles are likely to impact profitability in the near-term .Earlier this year, Infosys CEO Kris Gopalakrishnan had said they planned to reduce dependence on the US to 40% from 60%, without...

Sony Q2 PlayStation 3 sales up 86 pc yr/yr

TOKYO: Japan's Sony Corp said on Wednesday it sold 2.43 million units of its PlayStation 3 game console in July-September, up 86 percent from 1.31 million units a year earlier.Sony, which competes with Microsoft Corp and Nintendo Co Ltd in the Video game industries, sold 3.18 million units of its PlayStation Portable handheld machine in the latest quarter, compared with 2.58 million units a year earli...

Windows 7 will be MS' answer to Vista's faults

SEATTLE: Bill Veghte hesitated when Microsoft Corp chief executive officer Steve Ballmer asked him to oversee sales and marketing for Windows. He even went as far as questioning the CEO’s commitment to the program.Veghte, a senior vice president of the Redmond, Washington-based company, wanted assurance that Ballmer had learned from the shortcomings of Windows Vista, the operating system panned by consumers and corporations since it was introduced in 2007. The 18-year Microsoft veteran got what he came for: authority to make changes in the next...

Siliconware Q3 net profit falls on slowing demand

TAIPEISiliconware, Taiwan's No. 2 chip packaging firm, posted a 37-per cent drop in quarterly profit on Wednesday and forecast weak sales into the current quarter, as reduced demand hurt chip prices. Siliconware Precision Industry Co. Ltd made a net profit of T$3.186 billion ($96 million) for the quarter that ended in September. The profit was lower than the T$5.06 billion recorded a year ago but was higher than a consensus forecast of T$2.84 billion in a poll of 10 analysts compiled by Reuters Estimates. Siliconware also said that...

Rs100cr Biotech Pharma IT park planned

Kolkata Oct 28The Hyderabad-based Bharat Biotech International Limited has been asked by the Orissa government to develop a Rs 100 crore Biotech Pharma IT park at Andharua near Bhubaneswar.The park will be developed over 64.86 acres in public-private-partnership (PPP) mode. The project is expected to promote biotechnology, pharmaceuticals and information technology industries in the state, official sources said. Bharat Biotech has significant experience in the development and successful commercialization of technology parks in India. It has also...

HP launches $400 mini-notebook

SAN FRANCISCOHewlett-Packard Co on Wednesday will unveil a new mini-notebook in a move to gain ground in the fastest-growing PC category, which until now has been dominated by its smaller rivals.Netbooks -- ultraportable, inexpensive laptops designed for Web browsing and light tasks -- have taken the PC market by storm this year, with smaller computer firms such as Acer Inc and Asustek Computer Inc leading the charge.HP's sleek new Mini 1000, costing about $400, is significantly different from the company's first netbook release, launched last...

RUSSIA HALTS GOOGLE'S PURCHASE OF AD SERVICE

New YorkThe Economic Times Russian authorities have blocked Google Inc from buying an online ad service. Google said in July that it would spend $140 million to buy the ad service, ZAO Begun, from Rambler Media Ltd, which runs one of the most popular Web portals in Russia. Google had expected the deal to be finalized during the third quarter. At the time, Google said the deal was part of its moves to improve service for users, partners and advertisers in Russia, which has a fast-growing digital advertising market. In a statement Thursday,...

AMAZON PROFIT SOARS, OUTLOOK AND STOCK DOWN

New York The Economic Times (Delhi edition) Amazon.com said on Wednesday that its profit climbed 48 percent in the third quarter, but the company reduced its full-year sales outlook, showing that the online retailer cannot escape the weak economy. Its shares dived in after-hours trading. Chief financial officer Tom Szkutak, speaking on a conference call with analysts, said the company experienced slower growth rates near the end of the third quarter, coinciding with the onset of recent turmoil in global financial markets. Amazon said...

SAMSUNG HOOKING UP WITH NETFLIX

San Francisco The Economic Times (Bangalore edition) Samsung Electronics is equipping Bluray DVD players so they can retrieve movies and TV shows from Netflix’s Internet streaming service, accelerating Netflix’s push to develop more delivery methods beyond the mail. The deal, to be announced Thursday, could set the stage for Netflix to embed software connecting to its streaming service directly into television sets made by Samsung. In a statement, Netflix and Samsung said they are planning to plant the streaming capability in a variety...

INDIA RANKS 48TH IN GLOBAL IT COMPETITIVE INDEX

BangaloreThe Economic Times Financial Chronicle Business Standard The Times of India Mail Today India ranked 48th in the world in the 2008 IT industry competitiveness index, a study said. India has an overall score of 28.9 on the IT competitive index as per the study conducted by the Economist Intelligence Unit its second year, assesses and compares the IT industry environments of 66 countries to determine the extent to which they enable IT sector competitiveness. Although the 20 economies remained the same compared to a year ago,...

GOA DISBURSES INDUSTRIAL SUBSIDY WORTH RS 3.18 CR

PanajiDNA The Goa government has disbursed state investment subsidy cheques amounting to Rs 3.18 crore to 30 industrial units. The industrial units, which received the subsidy amount of Rs 25 lakh each, included Bharti Dura Line, Vico Laboratories, Cadila Health Care, IFB Industries, Parle Exports, B T Composites and Nestle India, whereas Intax System and Saisons Communications were given Rs 10 lakh each....

INDO-GERMAN TRADE PROMISING PROSPECTS

The Economic Times The financial system in a country plays a pivotal role in enhancing its trade relations with other economies. The efficiency of banks and financial institutions is critical for companies engaged in trade-related activities. As one of the premier banks in India, HSBC has been actively involved in helping Indian companies, including small and medium enterprises, execute their trade transactions smoothly. Puneet Chaddha, managing director and head, commercial banking, HSBC India, feels that Indo-German trade offers enormous...

EGOM ON SEZS TO MEET TODAY

Amiti Sen & Deepshikha Sikarwar, New Delhi The Economic Times (Delhi edition) A number of policy issues that could decide the fate of special economic zones (SEZs) set up by companies including Essar, Adani, Infosys, and TCS will be taken up by the empowered group of ministers on Special Economic Zones (SEZs) on Friday. The group, headed by external affairs minister Pranab Mukherjee, will try to decide on the definition of ‘vacant land’ which in turn would decide whether Essar’s steel SEZ in Hazira and Adani’s port SEZ should qualify...

NASSCOM PITCHES FOR STPI EXTENSION BEYOND 2010

Surabhi AgarwalThe Financial Express The continuation of the STPI scheme beyond March 2010 has a stronger case now with global economies in the tailspin said Ganesh Natarajan, chairman, Nasscom. The Software Technology Parks of India (STPI) scheme, which was meant to be a 10-year tax-holiday for companies, was originally set to end by March 2009 but was extended by a year till March 31, 2010. “It was the global industry that put India on the IT map. With the economic meltdown, the STPI should get an extension,” said Natarajan. IT companies...

SILVER, ATENA FORM SAFETY ENGINEERING SERVICES JV

Thanuja B M, BangaloreFinancial Chronicle Anglo-Indian firm Silver Software, which has a Bangalore presence, has announced its merger with Germany’s Atena Engineering and formed a joint venture — Silver Atena. The merged entity plans to double headcount and revenues in next four years. Currently, the company employs about 500 people of which 200 are in the Bangalore development centre. Senthil Kumaran, MD of Silver Atena India said the plan is to hike total headcount to 900 people in next four years. Over 550 staff will be based in India....

COGNIZANT SIGNS $95M DEAL WITH ASTRAZENECA

S Shyamala, ChennaiFinancial Chronicle The Hindu Business Standard Cognizant Technology Solutions announced a five-year agreement with pharmaceutical-major AstraZeneca on Thursday. The company will provide application maintenance services in research, clinical development and sales and marketing. AstraZeneca is a global pharmaceutical major with healthcare sales of $29.55 billion (about Rs 1.4-lakh crore). The five-year contract is worth about $95 million. The agreement will further expand Cognizant’s long-standing relationship...

OVERSEAS FIRMS EVINCE INTEREST IN EMRI TECH

Chennai/Hyderabad Business Standard Satyam Global Life Network, a wing of Satyam Computer Services, which provides technology support to the Emergency Management and Research Institute (EMRI), is now looking at offering its services offshore. EMRI chief executive officer Venkat Changavalli, said there had been requests from Egyptian and African countries for replication of the EMRI services. Though there are no plans at present to extend its footprint to other countries, Satyam Global is actively considering to tie up with some local...

GREEN TECH HELPS OTHER SECTORS TOO

The Economic Times The semiconductor industry has transformed the world. As the semiconductor industry greens itself, it has an important catalytic role to play as it contributes to the greening of other industries. For example, in automobile industry, the efficiency of hybrid cars becomes possible because of the role of semiconductors, MindTree chairman and managing director Ashok Soota said. “But the market requires us to produce millions of products in every field. The solutions are use of clean energy, a huge improvement in power...

DELL HOPES TO IMPROVE MARKETSHARE IN INDIA

BangaloreThe Hindu Business Line DNA The Asian Age The Economic Times Computer-maker Dell Inc said the current slowdown would eliminate some of its competitors and help the company to gain market-share, though it would also create some softness in demand for its products. The company said it is seeing a little bit of softness in the market. “The slowdown is not localised to just one market, but is pretty much around the world,” said Mark Jarvis, Chief marketing Officer, Dell Inc. He said the slowdown would eliminate some of Dell’s...

LENOVO TARGETS SMBS

Bangalore, Anand Parthasarathy The Hindu Business Line Building on the brand equity of IBM's `Think' range of computing products, Lenovo has launched a new series of ThinkServers, into the Indian market, adding some user-friendly software icing of its own. The five platforms - 3 towers and 2 racks - are all architectured on Intel's x86 chip sets and are fuelled by quad core Xeon processors. The launch, the first for this series in the Asia-Pacific region, is sharply angled, cost and usage-wise, towards the `small guys' of the business world....

APPLE BRINGS IMPROVED MACBOOK RANGE TO INDIA

Anand Parthasarathy, Mumbai The Hindu Just a week after the U.S. launch, Apple has brought its new MacBook consumer notebook family to India, offering seven models in three product categories. All of them are built using the new mechanical design which uses a single ‘unibody’ ultra light aluminium chasis — which enables the company to claim the lightest, thinnest title in their class, for many of the offerings. The most radical change inside is an across-the-board shift to a graphics-intensive integrated chip set from NVIDIA — making...

APPLE LAUNCHES LED CINEMA DISPLAY

MumbaiThe Economic Times DNA US-based IT major, Apple on Thursday launched its LED cinema display and redesigned laptops that offers advanced features to customers. The cinema display features 24-inch LED-backlit wide-screen display with built-in iSight video camera, mike and speakers and an integrated MagSafe charger, three USB 2.0 ports and the new mini display port, the company said here in a statement. "The new LED Cinema display is the most advanced display that Apple has ever made," Apple's Senior vice president of worldwide...

VISA, HUAWEI, ARM TO JOIN SYMBIAN GROUP

HelsinkiThe Economic Times British chip designer ARM, card network Visa, Chinese technology group Huawei and nine others said on Tuesday they planned to join the Symbian Foundation to get free access to its software. Since June 2008, 52 companies have said they plan to join the foundation, including all major mobile phone makers, AT&T said in a statement, giving it an edge over Google's Android in a battle over who will dominate the mobile phone software market in coming years. Nokia, the world's No.1 mobile phone maker, said in...

T-MOBILE STICKS TO THE PLAN, BRINGS GOOGLE PHONE TO THE MARKET FOR $179

New YorkThe Economic Times Google is jumping into the mobile phone business with its new G1 phone. The G1 is available starting on Wednesday for $179 with a two-year contract from T-Mobile. The new gadget features a touch screen, slide-out keyboard and a trackball. This alternative to Apple’s iPhone is the first phone powered by Google’s opensource Android operating system. Open source means the operating system’s blueprints are published, allowing software developers to create programs, or “apps,” that users can download. There are apps...

DELL EYEING CHINA FOR GROWTH

ShanghaiThe Times of India Dell computer chief Michael Dell said his company would increase investment in emerging markets, and China in particular, so it can continue to grow as the world economy slows. Demand for Dell products in China has continued to grow despite the weakening global economy, with sales up 33 percent year on year in the second quarter, the computer maker said at a briefing in Shanghai. "China is one of the most critical emerging countries in the world," Dell, the company's chairman and chief executive, told reporters...

SEZS AMONG REALTY GROWTH DRIVERS: STUDY

Supriya Unni, Bangalore Financial Chronicle Five sectors have been identified as sunshine industries as the growth of the Indian manufacturing sector through the development of SEZs, industrial corridors and townships is expected to create a significant impact in the real estate market. According to a report released by real estate consultants Jones Lang Jones Lang LaSalle Meghraj- The Indian Industrial Real Estate Landscape – An emerging investment opportunity, automobile and auto components, telecommunications, semiconductor, pharmaceuticals...

MORE FSI FOR IT ENABLED FIN SERVICES

Chittaranjan Tembhekar, Mumbai The Times of India (Mumbai edition) In a major policy decision, the state government has now allowed IT-supported financial establishments like banks and insurance companies 100% additional floor space index (FSI). However, 20% of the FSI will be allowed for commercial establishments in IT parks. A notification issued by the urban development department on October 20 states that 80% of the total FSI will now be used for IT-supported financial services (ITSFS). The state government had in 2004 modified...

AIG GLOBAL INVESTS IN VELANKANI TECH PARK

ChennaiThe Hindu AIG Global Real Estate has invested in Venlankani Tech Park, part of the Bangalore-based Velankani group. Velankani is developing a notified special economic zone in Sriperumbudur. According to a release, the proposed development of 8.5 million sq. ft is aimed to provide plug-and-play space for electronics hardware and telecom component manufacturers and IT/ITeS compani...

SUBEX REDUCES DEPENDENCY ON BRITISH TELECOM

Bibhu Ranjan Mishra, Bangalore Business Standard Telecom software product firm Subex is gradually reducing its dependency on its biggest client British Telecom, which contributes more than 20 percent to the company’s top line. Even as the business it is deriving from BT is increasing in absolute terms, the revenue contribution to Subex’s annual revenue in 2008-09 might fall to 18-20 percent this year from 21-22 percent a year ago, Subex said. This is mainly due to faster growth of its other top-10 clients including AT&T, Telstra,...