To prevent Satyam-like incidents in future, industry body Nasscom today said it has formed a corporate governance and ethics committee.

Nasscom sets up panel to avoid Satyam-like case

Press Trust of India

Three Indian cities have made it to the list of top 31 destinatons across the world as key emerging alternatives to existing places for the IT/ITeS industry, global consultancy firm KPMG said.

3 Indian cities among 31 top global IT locations: KPMG

Nokia Corp today said it will close a research centre in Finland and axe upto 320 jobs in a move to save costs as the global economic downturn hit the mobile phone industry. It also announced temporary layoffs.

Nokia to axe 320 jobs, temporarily lay off 2,500

Business Standard

With the likes of TCS, Patni Computers, Mphasis, Aegis, Azure and Motif witnessing flourishing business out of Ahmedabad, the Gujarat's commercial capital is now among 31 emerging cities globally for the information technology (IT) and business process outsourcing (BPO) industry, says a latest report by KPMG, the global accounting firm. Apart from Ahmedabad, Jaipur and Nagpur are the only two Indian cities that have featured in the report.

Ahmedabad among 31 emerging cities globally in IT: KPMG

Inching closer towards sealing the deal with Norway-based Telenor, Unitech Wireless today signed an infrastructure sharing pact with the tower arm of Tata Teleservices (TTSL) and Quippo Telecom Infrastructure.

Unitech Wireless signs tower sharing deal with TTSL, Quippo

Upping the ante in telecom price war, Reliance Communications (RCom) has reduced its GSM tariffs by 50 per cent by doubling talktime period and extending validity for lifetime. However, the move has failed to amuse the existing GSM players as they have opted for a &ldquo;wait and watch&rdquo; policy.

RCom halves GSM rates

Over the past few years, globalisation of markets, supply chains, and the formation of trading blocs have all resulted in high Interdependence and markets being intertwined. Governments, the world over, are grappling with what steps to take, forcing them to undertake unprecedented policy measures with high levels of intervention.

Reshaping the global economy

RCom&rsquo;s launch of GSM services will attract and sustain only low-usage subscribers, with other service providers already cornering affluent customers. Moreover, the launch is likely to have &ldquo;limited impact&rdquo; on competition, according to analysts.

GSM foray to have limited impact on competitors

The slowing economy could create additional opportunities for the global sourcing industry despite companies being compelled to revisit their spending budgets, notes software body Nasscom&rsquo;s Strategic Review 2009 report. The advantages of global sourcing, the report argues, will help organisations tide over tough times and maintain competitiveness.

Outsourcing must to remain competitive

Taking a cue from the recent Satyam Computer Services fraud case that has hit the corporate image of India, software body Nasscom announced the formation of a Corporate Governance and Ethics Council today.

N Murthy to head ethics council

Indian outsourcers will have to face stringent client scrutiny and probably renegoniate service contracts, post Satyam fiasco, according to analsyts at the Nasscom Leadership Summit here. Peter Redshaw, vice-president (IAS Banking &amp; Investment services), Gartner said their Indian companies could see a dip in the cumulative values of outsourcing deal sizes.

Value of outsourcing deals to dip for Indian IT firms

As existing havens for outsourcing and shared services become increasingly saturated, newer cities are emerging as centres for these services. These cities offer new and improved incentive packages and talent availability is on a par with existing centres.

&#39;Ahmedabad, Jaipur potential BPO havens&#39;

Kamal Nath pointed out the IT industry has helped the country by moving 20 million people from having one meal in a day to two and went on to add: &ldquo;This is the industry that we wear it with pride on our sleeves.

Kamal Nath&#39;s copyright on &#39;next practices&#39;?

Hyderabad-based identification technology services provider Bartronics India Limited has informed that Bartronics Asia Pte Limited has received a trial purchase order for supply of RFID (radio-frequency identification) tags from the Singapore government housing and development board.

Bartronics bags order from Singapore

IT major Infosys Technologies today said it has extended the period of training for people on the &quot;bench&quot; to 29 weeks from the present 16 weeks because of the ongoing global economic recession.

Infosys extends staff training period to deal with crisis

After an over 100 per cent surge in its share prices on rumours of a possible stake sale, Hexaware Technologies today denied any such move, saying its promoters and the two private equity investors in the company remain committed to the IT firm.

Hexaware denies stake sale buzz

Reliance Communications (RCom) today launched an STD pack offering call facility of 50 minutes across all networks for the period of 30 days on e-recharge of Rs 35 for GSM users of Uttar Pradesh and Uttarkhand.

RCom launches new STD offer

Global IT and BPO services provider Hexaware Technologies today said it has frozen hiring in the company and the coming 3-4 quarters are going to be tough for the firm in the backdrop of an economic slowdown.

Hexaware sees challenges in next 3-4 qtrs; freezes hiring

The broadcast regulator Telecom Regulatory Authority of India (Trai) has moved the Supreme Court challenging a sectoral tribunal ruling that rejected its tariff order proposing to put a ceiling on cable services charges across the country.

Trai moves SC on cable tariff ceiling issue

Internet and telecom major Tata Communications (formerly VSNL) will invest $430 million to set up a new Internet data centre in Singapore and extend its intra-Asia submarine cable system to the Philippines and Vietnam.

Tata Comm invests $430 mn in Asia-Pacific for data centre, cable network

In an attempt to optimise costs and fight competition, small and medium enterprises (SMEs) are increasingly investing in data storage and other solutions, states a latest NetApp India and Nielson Company study. Titled as 'Data Explosions in India - Trends and Challenges', the study by NetApp - Nielson, talks about organisations have been spending on software solutions leading to data explosion.

SMEs most prone to data explosion: NetApp study

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