Financial Daily from THE HINDU group of publications
Tuesday, February 28, 2006
Markets (Feb 27)
BSE Sensex10282.09(+81.33)
S&P CNX Nifty3067.45(+17.40)
US Dollar (Buy/Sell)44.47


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INFO-TECH

ECONOMIC SURVEY


Survey for holistic growth plan for sector
`Slow hardware development leads to under-investment in capital'

Vast growth
Total spend on products and services rose from $5 b in 1997-98 to $20 b in 2003-04.
Hands-off approach behind software success. More

TELECOMMUNICATIONS


TRAI says `end differential tariff'
The Telecom Regulatory Authority of India (TRAI) has asked mobile service providers in Maharashtra, Tamil Nadu, West Bengal and Uttar Pradesh not to have higher tariffs for calls made to BSNL subscribers. The move comes after consumers ... More

Broadband is the next frontier
The Economic Survey 2005-06 said that the telecom sector would need to address and harness the challenges being posed by the Internet and convergence. Even as the Survey said that the government and telecom players are doing well registering a ... More

TAXATION


IT cos seek tax reliefs
MAIT wants excise anamolies removed

THE IT industry is hoping that the key sectoral issues pertaining to Fringe Benefit Tax, BPO taxation and the current CENVAT overflow arising out of nil excise duty on finished hardware products are addressed in the Union Budget on Tuesday. ... More

HARDWARE


Banking on star power
360-DEGREE PROMO Shah Rukh Khan kicks off Compaq's nation-wide campaign to promote Hewlett Packard's notebooks and desktops. With him is Mr Ravi Swaminathan, Vice-President, Personal Systems Group, Hewlett-Packard India Pvt Ltd. ... More

eInfochips to set up outfit in Japan
eInfochips, Ahmedabad-based semiconductor design services firm, is planning to set up a wholly-owned marketing subsidiary in Japan later this year. Mr Tapan Joshi, Vice-President (marketing), e-infochips, said the company was aggressively ... More

SOFTWARE


US Technology to set up campus
US Technology will invest Rs 500 crore in setting up its own world-class campus on the 36 acres of land acquired on lease from the State Government. Mr Sajan Pillai, President and Chief Operating Officer, US Technology, and Mr V. J. Jayakumar, ... More

HCL Tech chief wants I-T tax breaks beyond 2009
`If something works fine, you should not tamper with it'

The Chairman of HCL Technologies, Mr Shiv Nadar, today said that he would welcome tax breaks - given now to the IT industry - to go beyond 2009. The year 2009 is when tax all breaks to the Indian IT software industry would come to an ... More

Tessolve Services plans facility in India
Tessolve Services, which provides solutions for test development, failure analysis and reliability tests for semi-conductor companies, plans to set up a testing, assembling, packaging and prototyping facility in India. The facility is expected ... More

Scandent bags US Govt contract
Scandent Solutions Corp Ltd has announced a $7.8 million contract from the US State Government. The 18-month contract involves re-platforming the State's system and covers an additional six months of warranty. With this win, ... More

PIRACY


BSA initiates legal action for`piracy'
Business Software Alliance (BSA) has alleged the Delhi-based Icon Multimedia Systems of distributing pirated software of Microsoft and Avid Technologies. Highlighting the details of a legal action, a BSA release said that the Delhi High Court ... More



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Top Stories
Fertiliser subsidy to exceed Budget estimates
Total subsidy may cross Rs 24,000 crore


Will Budget bring relief to cancer, AIDS patients?

LIC plans to invest Rs 13,000 cr in equities — Favours bank stocks

Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'


Core sector growth slows to 3.3% in Jan

Gas supply issue: Meet today to resolve deadlock
Chiefs of Panna-Mukta venture partners, GAIL to participate


In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 19-Feb. 25
Telcos want refund of excess ADC

Key meeting today on new ADC policy — TRAI, DOT set to dial in One India tariff

DoT for lowering cost of telecom operations



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