CORPORATE
•	Free software packages from Online Media ONLINE Media Solutions Ltd (OMSL), the Hyderabad-based information, communication and entertainment services company and multi-mode Internet service provider (ISP), has offered free software for life-time ownership.
•	Idea Space Q1 income, net up IDEA Space Solutions Ltd (ISSL), a Hyderabad-based software solutions company, has registered a significant rise in both income and net profit for the first quarter of the current fiscal ended June 30.
•	SBI working to create corporate database AS part of its on-going IT initiatives to make various banking applications more customer-friendly, State Bank of India is in the process of creating a corporate datawarehouse which builds on the existing range of data base management solutions across it s branches.
•	Frontier Info Q4 net down FRONTIER Information Technologies Ltd (FITL), a Hyderabad-based software services and training company, has registered a growth in turnover and a significant decline in net profit for the last quarter of year ended June 30.
•	IIIT may set up centre for free software THE Director, Language Technologies Research Centre (LTRC), Indian Institute of Information Technology (IIIT), Hyderabad, Prof Rajeev Sangal, has announced that IIIT expects to launch a `Centre for Free Software' which will undertake specific free softwa re projects and provide technical support for software professionals.
•	MIT, Media Lab to have joint IPR ownership THE Central Government and the Massachusetts Institute of Technology (MIT), partners in the Media Lab Asia (MLA) project, have decided that MIT and MLA would jointly own intellectual property rights (IPRs) of products developed together.
EVENTS
•	Lookback * Pentasoft Q1 net, sales up 22 pc and 19 pc; 40 pc growth outlook for the year.

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