Archive

Budget update: MAIT wins

By : CIOL Bureau

The zero per cent duty regime as per WTO, proposed for 2003 has
been postponed to 2005. The duty on hardware components has been fixed at 5% and
custom goods at 15%. Basic duty on cellular and pagers has been doubled by 10%.

VIA to increase market share with C3 processor

By : CIOL Bureau

Taiwan based VIA is extending its capabilities to newer areas by
enabling its chip sets into consumer electronics. VIA has set the benchmark in
creating affordable and efficient processors enabling consumers to buy
multimedia featured PC’s for as low as Rs 15,000.

Budget update: Private participation in infrastructure gets a boost

By : CIOL Bureau

The key segments in infrastructure from power to ports and aviation
are being opened up for private participation with Rs 500 crore set aside for
the purpose. Also a package concession is offered for private participation
under the Greenfield Airport project that would benefit upcoming projects in
Bangalore and Hyderabad.

Budget update: Stress on agricultural reforms

By : CIOL Bureau

The finance minister has doled out a high intensive agriculture
reform in his Budget 2002. This includes a allocation of Rs 775 crore for
agricultural research and development. Industrial growth has dipped to almost
half of last year’s growth of 5% against 2.3% this year.

Microsoft changes proposed settlement, but case to drag on

By : CIOL Bureau

Microsoft Corp. and the government say they will make changes to
their proposed antitrust settlement, as the judge overseeing the case laid out a
schedule that would likely stretch court hearings through mid-May. The changes
will be contained in legal briefs that the two sides expect to file with the
court late Wednesday night.

HP’s Fiorina: Merge or wither

By : CIOL Bureau

Carly Fiorina said her company could wither if it failed to buy
Compaq. HP shareholders are due to vote on the $21 billion deal on March 19 and
a Compaq vote is set for March 20, putting an end to a protracted race that
analysts say is still a toss up.

Budget update: Debt reforms

By : CIOL Bureau

As part of the debt reforms in this Budget, the finance minister
has increased the investment of overseas corporations to $ 100 million.

Tata Teleservices launches unique payphone-on-wheels

By : CIOL Bureau

Tata Teleservices has launched its new ‘Smart Cart’, a
payphone-on-wheels booth service. The ‘Smart Cart’ facilitates the operator to
move around a certain geographical region and offer payphone services to
customers through improved accessibility.

NEC, Matsushita set 3G software standards

By : CIOL Bureau

NEC Corp and Matsushita Communication have unveiled a joint
software platform for 3G mobile handsets. In order to promote their technology
and ensure that 3G services grow rapidly, the two mobile phone firms said they
would license the software platform to other manufacturers.

Sony launches 3G of AIT storage solution

By : CIOL Bureau

Sony has launched the third generation of Advanced Intelligent Tape
technology for backup storage. AIT-3 is a compact 8-mm cartridge, which can
deliver up to 260 GB native capacity with 2.6:1 compression.

Intel`s network processors to be supported by Wipro

By : CIOL Bureau

Wipro has declared its support for customers to develop total
networking solutions based on Intel`s network processors. Wipro will provide
services including system design, architecting and performance measurement
support to network equipment makers.

New York Times internal Web site hacked

By : CIOL Bureau

New York Times is investigating a security breach of its internal
corporate Web site, but said that security flaw had been fixed. SecurityFocus,
which provides Web security services, identified the hacker and said he was able
to gain access to a database containing the names, social security numbers, and
phone numbers of contributors to the paper.

Budget has a few crumbs for the IT industry

By : CIOL Bureau

Contrary to what the industry was expecting, the union Budget has
turned out to be fairly pedestrian as far as the Indian IT industry is
concerned. But then, if you go by this yardstick, it was a very good budget as
there were hardly any tough measures.

Financial Tech becomes official member of Keystone

By : CIOL Bureau

Financial Technologies has become an official member of
`keystone`-a strategic alliance of Compaq, Intel and Microsoft-for the financial
services industry, to market its technologies in the Asia-Pacific region.

Essel Software develops softwre for pharmaseutical industry

By : CIOL Bureau

Essel Software Services, a Hyderabad-based software development
company, has developed ‘Pharmasoft’ for the pharmaceutical industry.
Pharmasoft is a software solution that cuts down Reports Generation Time and
increases the accuracy of information.

IT industry voices mixed reaction

By : CIOL Bureau

The IT industry seems pleased and not so pleased with the Budget
2002. The hardware industry has received a boost with their immediate
recommendation of postponing the zero percent duty on IT products to 2005. But
the software sector does not seem so pleased with nothing to give its reforms an
aggressive push.

National Panasonic launches "the Sleek GD75"

By : CIOL Bureau

National Panasonic India has launched their latest mobile phone,
the GD75 Gold in the Indian market. Weighing just 82g and just 106mm tall, the
stylish GD75 features Panasonic’s first internal antenna tucked inside a compact
silver colored casing.

Budget 2002: The devil is in the details

By : CIOL Bureau

The Finance Minister did not forget the geek IT clan. Sure did he
include more or less all the IT pros when he chose to tax the salaried clan.
Then, the 10% dividend tax has been abolished. Hold on ! Now, the dividend is
taxable at the hands of the earner as regular taxable income. Read on for the
goblins within and to know what the Budget was all about.

Apcom to launch new networking products

By : CIOL Bureau

Apcom Computers is all set to roll out its new networking products
that include Wireless LANs, VoIP and VPN switches under its existing brand ‘Dax’.
The company also plans to double its revenues in the next two years.

Fiorina pleads her case on Wall Street

By : CIOL Bureau

Carly Fiorina returned to Wall Street one last time to plead with
investors to approve the $21 billion merger. She said the merger is vital for
HP’s future and will enable HP to offer more complete packages for corporate
customers because of Compaq’s strength in personal computers, Windows-based
servers, data storage and services.