CORPORATE
•	Tighter IT budget in US may hit Indian market THE US corporates are likely to budget less for IT spend in 2002 than actually spent during 2001 which in turn could mean flat or lesser business to Indian software vendors, said Mr Phaneesh Murthy, head of global sales, and board member, Infosys Technol ogies Ltd.
•	Chrysalis gains more stake in MphasiS BFL CHRYSALIS Capital has increased its stake in Bangalore-based software services company, MphasiS BFL, by around seven per cent through the secondary market route in the last couple of months.
•	VisualSoft Technologies embarks on a rejig strategy VISUALSOFT Technologies Ltd, the Hyderabad-based products and software solutions provider, has embarked on a rejig strategy, which will include consolidation of its Indian operations and strengthening overseas operations by establishing three more busine ss centres in the US.
•	Iopsis, Sun Micro to create solutions for B2B services THE Pune-based Iopsis Software has partnered with Sun Microsystems to develop software solutions that would enable to create, deploy, share and maintain business-to-business Web services. The partnership is based on Sun Microsystems Sun ONE (open net env ironment) vision, Mr Bhaskar Pramanik, Managing Director, Sun Microsystems India Pvt Ltd, has said here.
•	MAIT, Nasscom merger creation of media: Karnik THE National Association of Software and Services Companies (Nasscom) President, Mr Kiran Karnik has denied that Manufacturers' Association of Information Technology (MAIT) and Nasscom merger was on the cards. ``There was no such move,'' he told newspers ons here, putting to rest the speculation in the media on the merger. ``It was a creation of the media,'' he added.
•	Infosys allots ESOPs to 88 employees BANGALORE: Infosys Technologies Ltd has informed the BSE that the board of directors has allocated stock options to a total of 88 employees who joined the company between November 5 and December 4, 2001.
•	Tata Tele adds 11 more CDMA cell sites HYDERABAD: Tata Teleservices Ltd, the private basic phone services provider in Andhra Pradesh, has added 11 more CDMA (Code Division Multiple Access) cell sites to its existing base of 30 cell sites, thereby increasing the coverage to 260 sq.kms in Hyder abad and Secunderabad from 150 sq.kms now.
•	Infosys role in Van Dorn series BANGALORE: Van Dorn Demag Corp has announced that Infosys Technologies Ltd played a critical role as an engineering partner for the IntElect Series, a line of all-electric drive injection molding machines introduced in October at Plastics US.
TRENDS
•	IDC sees IT market growth sliding to 8 pc Indian information technology (IT) market is likely to grow at a measly 8 per cent in 2001-02 compared to 37 per cent in the last fiscal, International Data Corporation (IDC) India has said.

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