The Hindu Business Line : Monday, October 06, 2003

Angel funds look outside of IT
BPO still the hottest; in consolidation mode: Survey
As many as 10 companies closed rounds of $5 million or more in the quarter ended September, compared to just two companies in the April-June quarter. More

Avello scouts for tech partners
AVELLO Limited, a UK-based enterprise of consultants, is bullish on Indian technology opportunities and is in the process of establishing office in India. It is scouting for technology partners and plans to enter into strategic partnerships ... More

SOFTWARE

Another sexual harassment suit filed in California — Phaneesh says allegations are `garbage'
FORMER Infosys employee and director Mr Phaneesh Murthy has termed the latest sexual harassment suit against him as "baseless and complete garbage" with an intention to make money. A former employee of Infosys Technologies in the US, Ms ... More

Phaneesh, Infosys are `covered'
THE case of sexual harassment filed against Mr Phaneesh Murthy and Infosys was not likely to have a major impact on on the parties involved. In fact the onus for meeting the liabilities would be on the insurers, sources said. Normally ... More

Telelogic sets up post-sales support centre
TELELOGIC India, the marketing arm of software engineering tools provider Telelogic Sweden, has set up a global support centre in Bangalore to offer post-sales support services. The Telelogic Global Support Centre has hired about 40 engineers ... More

HUMAN RESOURCES

`No immediate impact due to lower H1 visa cap' — About 4 lakh visa holders available in the country, says Nasscom
Mr Karnik says the issue of limited availability of H1-B visas will not be of much concern in 3-4 years from now as more software development will move offshore. "But yes, after a year or so and till about 2006, we might feel the shortage of visas as the present cap of 65,000 is far too low," More

EVENTS

Looking Back

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