Latin America offers good trade avenues for India, says envoy

June 16th, 2009 BANGALORE - Nucleus Software Exports Ltd has tied up with Mexican consulting and distribution firm Praxis to market its software products in the Latin American country, the leading IT products firm said Tuesday. As our channel partner, Praxis will distribute our software products in the banking, insurance and financial services (BFSI) sector in the Mexican market and enable us to strengthen our presence in Latin America, Nucleus global sales head Niraj Vedwa said in a statement.

May 13th, 2009 SAN FRANCISCO - Software piracy cost companies more than $50 billion last year, according to a study by the Business Software Alliance, an industry trade group. The report released Tuesday said that worldwide losses totaled $53 billion, an 11-percent increase over the previous years.

April 17th, 2009 The recession officially takes a toll on Google. The Mountain View company was predicting that the current economic downturn may hit them.

June 24th, 2009 WASHINGTON - US trade officials sent a letter to their Chinese counterparts Wednesday urging them to revoke an order that requires a controversial internet filtering software to be installed on computers. The Green Dam software, which China will require on all new computers from July 1, could be used to restrict free speech and raises questions about free trade, US Trade Representative Ron Kirk and Commerce Secretary Gary Locke said in a letter to the Chinese government.

August 6th, 2009 BANGALORE/BOGOTA - Bangalore-based software major Infosys Technologies Ltd and Bancolombia today announced that Bancolombia, the largest universal bank in Colombia and among the top 500 banks globally, has selected FinacleTM Universal Banking Solution to power its operations in Colombia and its international subsidiaries. Bancolombia has a strong market share in the South American retail, corporate, credit cards, investment banking and housing loan sectors.

February 6th, 2009 WASHINGTON - IBM is offering its laid off employees in North America a chance to take a job with the company in India, Nigeria, Russia or other countries through Project Match, a media report said. Citing an internal company document CNN said its Project Match will help interested workers whose jobs are on the chopping block to 'identify potential opportunities in growth markets and facilitate consideration by hiring managers in those markets.' The company also will help with moving costs and provide visa assistance, it says.

March 4th, 2009 WASHINGTON - A downturn in worldwide economy, Satyam's fraud case and the terrorist attacks in Mumbai and supply chain and shipping cost issues in China are causing US technology companies to pull back from the two traditional outsourcing locations. Citing these three global factors, an annual survey by BDO Seidman, LLP, one of America's leading accounting and consulting organizations, Tuesday suggested several technology firms would choose US as future outsourcing location over India and China.

July 22nd, 2009 US wins trade dispute with China over CDs, DVDsGENEVA — Officials say the U.S. has largely prevailed in a trade dispute with China over restrictions on the sale of American CDs, DVDs, books and computer software.

June 9th, 2009 BANGALORE - Battered by global meltdown and lower tech spending, the Indian IT industry is looking up to the new government for extension of fiscal benefits and relief from multiplicity and inequity of taxes to mitigate the recessionary impact and protectionist measures being adopted globally. "Extension of fiscal benefits like 10A/10B sections for the tech industry under the Software Technology Parks of India (STPI) scheme is imperative to sustain the growth momentum and compete in the global market," IT sector trade body Nasscom chairman Pramod Bhasin told reporters here Tuesday.

October 9th, 2009 RIO DE JANEIRO - Brazil's O Globo newspaper became the first in South America to publish an edition that can be downloaded and read on the Kindle, a software developed by Amazon.com for reading e-books and other digital media. The launch this week was timed to coincide with the release of the global version of the electronic reading device created by Amazon, now available in about 100 countries.

October 5th, 2009 IBM to buy Wilshire Credit's operating assetsARMONK, N.Y. — IBM Corp.

February 10th, 2009 MUMBAI - The National Association of Software and Services Companies (Nasscom) Wednesday signed an agreement with Colombia's Federation of Software and Related Technologies (Fedesoft) to enhance software trade between the two countries. The memorandum of understanding (MoU) was signed at the India Leadership Summit, organised by Nasscom here, by its president Som Mittal and his Fedesoft counterpart Alberto Pradilla Bermudez.

September 12th, 2009 LONDON - Social networking site Facebook has launched a slimmed-down version of its site for people with slow or poor Internet connections, and it is currently available only in India and the US. Facebook's Lite site, which will be faster and simpler because it offers fewer services than the main site, had initially been meant to support users in developing countries, where bandwidth constraints make the current version too slow to use.

February 9th, 2009 NEW DELHI - Terming the Satyam Computer Services scam a 'singular case', a senior Singapore diplomat said here Tuesday that India would be able to face up to the crisis and emerge 'stronger' from it. 'What happened to Satyam came as a surprise and shock, but we are pleased at the speed of the Indian government that has replaced the board with very credible and highly respected individuals,' Tommy Koh, ambassador-at-large at Singapore's ministry of foreign affairs, told reporters.

April 20th, 2009 NEW DELHI - India's business process outsourcing (BPO) industry will double its revenues in less than two years despite the economic slowdown and protectionist measures of western countries, a report by analyst firm Gartner said Monday. The top 20 India-centric BPO service providers accounted for $4 billion in revenue in 2008, representing 5 percent of the $80-billion revenue of the top 150 BPO companies in the world.