The Hindu Business Line : Saturday, February 23, 2008

BUDGET
Nasscom reiterates demand for extension of STPI sops
Hyderabad, Feb. 22 With the Union Budget next week, the Nasscom President, Mr Som Mittal, on behalf of the IT industry, appealed to the Union Finance Minister to extend tax sops under the STPI scheme beyond 2009.He was hopeful that the ... More

HARDWARE
Huge investments coming up in photovoltaic wafers
About half the investments that are coming up from companies that want to avail themselves of the benefits of the ‘semiconductor policy’ are for producing photovoltaic wafers.This is clear from the details of the proposed ... More

HUMAN RESOURCES
Cognizant to raise global headcount by 19,600 in 2008
Over 75% of net addition to be in India centres More

MERGERS & ACQUISITIONS
First Advantage acquisition
The Nasdaq listed First Advantage Corporation has acquired Verify Ltd, an employment screening company for an undisclosed amount. The acquisition further extends First Advantage’s ability to deliver its global talent acquisition solutions, ... More

ALLIANCES & JOINT VENTURES
HCL Tech partners with SAP
HCL Technologies Ltd has announced an expanded global services partnership with SAP AG that underscores the latter’s focus on extending its industry lead in ecosystem innovation, and HCL’s focus on delivering value to its customers ... More

BEL ties up with 3 Israeli cos
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OFF-SHORE DEVELOPMENT
Hexaware new offshoring deals get higher price
Mumbai, Feb. 22 Hexaware Technologies has said that it has managed to command higher pricing of between 3-10 per cent on new offshoring deals.“We see a pricing uptake in every geography where we have presence. The trend is, ... More

VENTURE CAPITAL
IDG Ventures invests $3 m in Aujas Networks
Bangalore, Feb. 22 IDG Ventures India, a $150-million early-stage technology venture capital fund, has announced an investment of $3 million in Aujas Networks Pvt Ltd, a pure-play digital security services start up. The Bangalore-based Aujas ... More

OUTLOOK
Satyam eyes larger pie in life sciences
IT services provider Satyam Computer Services is eyeing a larger pie out of the global life sciences outsourcing market.The company has about 6 per cent of the business coming out of this area, and believes that this segment has ... More

NEW PRODUCTS & SERVICES
Intellicon launches video phone
Intellicon Private Ltd has partnered with Italian company Aethra and launched video-phones, integrating video, telephone and computer, customized to local needs in India. Intellicon basically offers solutions in video-conferencing, enterprise ... More