Tax holidays set to expire, IT biggies warn of potential impact-R s

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SiliconIndia Daily dose

Tuesday ,May 26 , 2009
Top news
As the U.S. economy is groping in the dark over uncertain financial position, India increased its investment in American debt securities by three times to $38.2 billion. Till March 2008, nation's investment in American debt stood at $11.8 billion.
With the tax holidays which India's IT industry has been enjoying so far set to expire by March 2010, top Indian software exporters like Infosys and Wipro have cautioned investors about a potential impact on their profitability.
Technology
Mckinsey & Company, on its report on cloud computing found that external cloud computing is more suited for the needs of small and medium enterprises than large organizations.
Cost cutting has now become imperative for most organizations.In such a situation perhaps what people need is a technology that is cost effective. Multi-seat computing enables around 30 people to share one PC.
Residential layout within BDA limits
Shiviris Jasmine residential layout 9 km from K.R. Puram Cable Laid Bridge, near White Field & ITPL
Business
Three companies in the Reliance Anil Dhirubhai Ambani Group were among the five top-performing stocks of the S&P CNX Nifty of the National Stock Exchange (NSE) last week, all of them outshining the 50-share index by a wide margin
IT infrastructure solutions provider HCL Infosystems Monday said it had bagged an order worth Rs.240 crore from state-run telecom major Bharat Sanchar Nigam Ltd (BSNL) to implement a system integration project.
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Venture
Of the 20 largest global IPOs issues in 2008, 15 were by the companies in the emerging market, which include the stock sale of Reliance Power as the single Indian offering, states a report from the glob al IPO consultancy major Ernst & Young.
Taking cue from the other realty majors, the board of real estate firm Parsvnath Developers Monday approved a proposal to raise up to Rs.2,500 crore (Rs.25 billion/$529 million) through qualified institutional placement (QIP).
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Revolutionary IT Trends in the Indian Datacenter industry
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