Punjab offers uninterrupted power supply to IT firms

February 4th, 2009 NEW DELHI - State-run Punjab National Bank Thursday said it has implemented its core banking delivery solution across all its 4,604 branches in the country to offer round-the-clock services to customers apart from seamless access to its network of ATMs and Internet banking. 'The challenges of the financial sector can be met with the total connectivity and the centralisation of the banking operations,' said K.C.

May 25th, 2009 CHANDIGARH - Punjab-based Rayat-Bahra Group of educational institutes has tied u p with IBM India to give specialised training to its engineering students, it was announced here Monday."There is an immediate need to bridge the gap between industry needs and academics, and this is our firm step in that direction," Gurvinder Singh Bahra, vice-chairman of the Rayat-Bahra Group, told reporters. "This is for the first time that IBM has signed an MoU (memorandum of understanding) with any educational institute in Punjab.

September 29th, 2009 BANGALORE - Energy-starved Karnataka, a hub for software, biotechnology and other sunrise industries, has set an ambitious target of becoming a power-surplus state in the next five years with the addition of about 6,000 MW generation capacity. "With demand exceeding supply, we have been facing a crunch in meeting the growing requirement for power across the state from utilities and end-users," Karnataka Power Corporation Ltd.

May 8th, 2009 BANGALORE - Indian IT firms would not be impacted by the tax reform proposal of US President Barak Obama, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy told President Pratibha Devisinh Patil Friday.

May 5th, 2009 BANGALORE - US President Barack Obama's announcement to end tax sops to those US firms outsourcing jobs to countries like India has come under flak from Phil Harkins, a leading US management expert and chief executive of Linkage Inc, a global firm specialising in leadership development 'What Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home.

July 10th, 2009 Power.com sues Facebook over access to users dataNEW YORK — A small Web company is handing the world's biggest online hangout a counterpunch. Power.com has sued Facebook, saying the site doesn't follow its own policy of giving users control over the content they share.

January 11th, 2009 CHENNAI - Perhaps for the first time in the Indian corporate history, an audit firm - and a foreign one at that - is being dumped midway by a company. The government-appointed new board for Satyam Computer Services has declared that the fraud-hit IT bellwether will have a new audit firm to restate the books of accounts.

January 12th, 2009 SINGAPORE/MANILA - With a billion dollar revenue fraud dealing the Indian IT sector a body blow, BPO firms in the Philippines are hoping to make capital by getting some of the business from the West. Leading politician Representative Joseph Santiago said the unravelling of the massive revenue fraud at Satyam Computer Services would dissuade multinational companies from seeking BPO services in India.

January 11th, 2009 SINGAPORE/MANILA - With a billion dollar revenue fraud dealing the Indian IT sector a body blow, BPO firms in the Philippines are hoping to make capital by getting some of the business from the West. Leading politician Representative Joseph Santiago said the unravelling of the massive revenue fraud at Satyam Computer Services would dissuade multinational companies from seeking BPO services in India.

September 9th, 2009 BEIJING - The Chinese government has pledged more aid from the country's financial institutions to boost its outsourcing industry, officials said Wednesday. In a statement posted on the website of the central bank Wednesday, the government urged the banks to develop more policies and credit products tailored for the outsourcing business, especially for firms in the 20 pilot cities for the industry, including Beijing, Tianjin, Chongqing and Shanghai.

March 24th, 2009 SCOTTSDALE - To effectively counter the challenges of India's rapid growth, JDA Software has outlined five key strategies to help companies establish an efficient, flexible supply chain and successfully address the operational challenges facing the country's expanding market. "To keep pace with India's growth rate, companies have been focused on building production capabilities, distribution networks and retail outlets resulting in complex supply chains with long lead times," said Stephen McNulty, regional vice president, Asia Pacific, JDA Software.

September 18th, 2009 SHIMLA - Himachal Pradesh is developing its first information technology park near here, a senior government official said Friday. "We are developing an IT park over 63 acres near Waknaghat in PPP (public-private partnership) mode.

January 18th, 2009 NEW DELHI - The government Monday ordered a probe into possible 'nexus' between the fraud-hit Satyam Computer Services and its tainted founder B. Ramalinga Raju's two family-run firms Maytas Properties and Maytas Infrastructure.

January 1st, 2009 BANGALORE - The 8.27 percent equity stake of the promoters in IT bellwether Satyam Computer Services has slumped to 5.13 percent after their shares, pledged with financial institutions through a family-owned holding firm, were sold in the market, the firm disclosed to the Bombay Stock Exchange (BSE) late Friday. In a letter to the BSE listing department, Satyam's company secretary G.

June 3rd, 2009 Prime View International (PVI), a leading display maker, announces that it plans to acquire e-paper manufacturer E Ink for $ 125. Earlier the companies had joined hands to create displays for Sony Reader and Amazon.com's Kindle e-book readers.