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Wednesday, July 08, 2009
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INFO-TECH

TAXATION: IT industry sees valid case for tax holidays
High employee base contributes to Govt kitty via individual taxes. Chennai, July 7 The argument that the software industry should lose its pampered status is getting louder, even as voices from within the industry say that smaller companies, and ...

TELECOMMUNICATIONS: ‘Green’ push to rural telecom
USO funds for renewable energy-powered cell towers. New Delhi, July 7 The Department of Telecom has decided to offer financial support from the Universal Services Obligation fund to telecom players using renewable source of energy to power ...

TELECOMMUNICATIONS: New Samsung handsets
Samsung Electronics has launched its latest touch screen mobile handset, the Samsung Jet. Mr Sunil Dutt, Country Head, Samsung Mobile Division, said the Jet is the eighth in its series of high-end touch phones and is priced at Rs 24,150. It ...

MERGERS & ACQUISITIONS: SEBI guidance to Bharti on MTN deal
Open offer only on GDR conversion. Mumbai, July 7 The Securities and Exchange Board of India ( SEBI) in an “informal guidance” to Bharti Airtel has said that MTN Group would be required to make an open offer only if it converted the ...

BUDGET: STPI benefit extension for a year seen inadequate
July 7 The single biggest concern of the IT industry has been addressed by the extension of the Software Technology Parks of India (STPI) benefits, though by only a year, Mr S. Mahalingam, Chief Financial Officer and ...

ENVIRONMENT: For recycling
...

SOFTWARE: Mahindra Satyam told to allot shares to Venturebay
New Delhi, July 7 The Company Law Board (CLB) has authorised Mahindra Satyam, the erstwhile Satyam Computer Services Ltd, to allot 19,86,58,498 equity shares of Rs 2 each to Venturebay, a sunsidiary comtrolled by ...

BUDGET: Tech sector sees some clicks, some misses
Chennai, July 7 Increase of Minimum Alternative Tax from 10 per cent to 15 per cent is ‘a big negative’ for the software industry. Though the impact on the service industry is expected to be mild, it will have a greater impact ...

TELECOMMUNICATIONS: Audit of telecom cos' accounts
...

From eWorld

HUMAN RESOURCES: On a roll
Slowdown or not, it looks like salary increment just below the top level of the tech sector are just what the doc ordered for depressed souls.. Indian IT employees have long been associated with long working hours, stressful deadlines and high ...

INTERVIEW: ‘Xchanges’ with India
British BPO company talks of its expansion plans.. British BPO firm Xchanging plc, which holds more than 75 per cent stake in the Bangalore-based Cambridge Solutions Ltd, has big plans for the Indian market. Over the next three years, the ...

OUTSOURCING: Outsource your tech shopping
Start-up offers outsourcing in a new avatar.. Recently, when a library chain in Bangalore wanted to build an IT platform, it decided to try a new recipe.It was neither interested in investing in an in-house IT team, nor was it keen to outsource ...

INTERNET: Caught in the crossfire
If you think the world is a peaceful place (except for some hotspots), you are wrong. There is a major war in progress and it will go on as long as the world exists. I am talking about ...

INTERVIEW: Telecom wants positive tone
Industry hopes Government will take its call in Budget.. As the telecom sector has been growing at a fast pace and has significantly contributed to the economic growth and development of the country, it should be given equal importance and ...

INTERVIEW: Make SEZ scheme attractive
Expert suggestions to draw long-term investments.. There is urgent need for the Government to announce an extension of the tax holiday for the IT sector under the Income Tax Act, 1961 beyond March 31, 2010. However, to help in mitigating the ...

INTERVIEW: IT industry awaits a ‘holiday’ Budget
Some worries need to be taken care of too, stresses senior tax professional.. The US’ stand on tax breaks for firms outsourcing jobs to overseas destinations, and the competition to Indian IT-ITES (information technology enabled services) ...

OUTSOURCING: `BPO will lead IT recovery'
iGate on the unfolding trends in the economic turmoil and its aftermath.. The BPO industry which, for long, was seen as the poorer cousin to the IT services industry, may be leading recovery from the recent economic slump. This stems from ...

WEBSITE REVIEW: Find your job
Tarun Matta founded iimjobs.com because he felt big job portals do not address the needs of MBAs from premier business schools. “Most MBA graduates get job leads through their social/professional networks or through alumni mailing lists. ...

INTERVIEW: The ‘holiday’ debate
It’s time for a paradigm shift on this question concerning tech companies, says expert.. It is time for a paradigm shift on the debate about tax holidays for IT (information technology) companies, says Abhishek Goenka, Partner and Leader ...

NEW PRODUCTS & SERVICES: Fast connection
Netgear has come out with its WNR3500 RangeMax Wireless-N Gigabit Router, offering “blistering wireless speeds and improved range for connecting to the Internet.” It allows the user to surf, e-mail, stream HD video, play online ...

CYBER QUEST: Quiz
1. The second T-Mobile Google Android device, after the G1, ...

CARTOON: Cartoon
...






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Markets (July 07)
Nifty (at close)4,202.15 (+36.45)
US Dollar (Buy/Sell)48.44/45
Brent crude (a bbl) Rs3,063
Gold (a gram) Rs1,353
Silver (a kg) Rs22,765


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In Focus
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Who is hiring?

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Jun. 28-Jul. 4
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