January 8, 2005 |
BANGALORE: The Karnataka government today exempted certain sectors ? mainly export oriented companies ? including software companies in the state from payment of entry tax, according to a notification issued by Karnataka government's finance department. "The Karnataka government exempts with effect from October 1, 2004 the tax payable by an importer who is a 100% export-oriented unit or electronic hardware park unit or software technology park unit registered as such with the Government of Karnataka or Government of India, on entry of electronic goods, parts and accessories, computers of all kinds, computer peripherals and computer software caused into a local area," the notification said.
December 22, 2006 |
NEW DELHI: The board of directors of Bhagyanagar India (BIL) has announced the decision to bring in Bennett Coleman & Co Ltd(BCCL) as an equity investor in the company. BCCL would be issued 5,00,000 equity shares of the company on a preferential basis. BIL, a part of the Surana group, is into diversified areas of business including manufacturing of various copper products, telecom products, wind power project and real estate development. The preferential allotment to BCCL would be made at a price of Rs 40 per share, which includes a premium of Rs 38 per share on the face value of the share of Rs 2. The price of the allotment is calculated in accordance with Sebi pricing formula for preferential issues.
November 5, 2003 |
BANGALORE: Karnataka Hardware Consortium and the Penang Electronic Consortium of Malaysia on signed an agreement for cooperation between the two states in a bid to create an alternate destination for hardware manufacturing to China in India. The MoU was signed between Karnataka Chief Minister S M Krishna and Penang Chief Minister Koh Tsu Koon at the India Hardware Summit here organised by the Confederation of Indian Industry and MAIT, the manufacturers body in IT. "The agreement will bring smart partnership between Karnataka and Penang and synergise the strengths of Indian software and Malaysian Hardware manufacturing expertise," Koon said.
February 22, 2006 |
NEW DELHI: A group of secretaries (GoS) has been constituted to study the implications of the introduction of the Special Economic Zone (SEZ) regime this year on the growth of the Indian IT industry. The GoS headed by Planning Commission member secretary, Rajeeva Ratna Shah has commissioned the Software Technology Parks of India (STPI) to compare the SEZ policy with other export schemes available to the IT sector and make suggestions within a month. This, in view of the fact that existing schemes that extend a tax holiday under Section 10 A and 10 B of the Income Tax Act ?
December 19, 2006 |
BANGALORE: Karnataka government's plan to set up a mega technology centre on the outskirts of Bangalore city has elicited keen interest from various players, including the Ambani brothers. The proposed 10,000-acres Knowledge City, a self-contained township, has already received 32 bids which include three firms from Singapore and also from Mukesh and Anil Ambani. The State IT & BT secretary M N Vidyashankar said the Knowledge City project is expected to house many technology companies which are on the expansion mode from diverse segments such as IT, biotech and nano-technology.
December 13, 2006 |
BANGALORE: The Karnataka government's plan to set up a mega technology centre on the outskirts of Bangalore city has elicited keen interest from various players including the Ambani brothers. The proposed 10,000-acre "Knowledge City" , a self-contained township, has already received 32 bids which include three firms from Singapore and also from Mukesh and Anil Ambani. The State IT & BT Secretary Mr MN Vidyashankar said that the Knowledge City project is expected to house many technology companies which are on the expansion mode from diverse segments such as IT, biotech and nano-technology . The project which will work under the public private partnership (PPP)
June 17, 2012 |
KOLKATA: West Bengal government will set up an IT hub with private partnership in the south-east suburb of Behala in the metropolis, state Industries and IT Minister Partha Chatterjee said here today. "Chief Minister Mamata Banerjee has given instructions to look for land at Taratala or adjacent areas for this purpose," Chatterjee said at a function here. "Techno India Group, Webel and the IT department of the state will jointly set up this hub," he said.
June 7, 2006
The Sensex as well as the Nifty slumped to below Black Monday (May 22) levels on Wednesday when the Sensex touched 9800 and the Nifty 2900 in pre-noon trading. On Black Monday, the Sensex had touched a low of 9826.91 while the Nifty had fallen to 2896.40. The Sensex had gained over 85 points in early trading, only to slip back in the negative terrain and dive below the 10,000-mark. The brief flurry had been on a revival of buying by mutual funds in select blue-chip stocks.
January 15, 2004 |
HYDERABAD: L&T Infocity, a joint venture company of Larsen & Toubro and Andhra Pradesh Industrial Infrastructure Corporation (APIIC), has signed a memorandum of understanding with Andhra Pradesh government to invest Rs 200 crore in developing approximately 10 lakh square feet of multi-tenanted buildings and built-to-suit facilities for housing information technology and ITES firms on 14.1 acres of land. The infrastructure, which forms the fourth phase of Hitec City, will be developed in a phased manner over the next three years.
January 23, 2003 |
HYDERABAD: Almost an year after it started chasing the multinationals, Andhra Pradesh Inc has finally managed to get direct computer systems company, Dell Computer Corporation to set up its backoffice operations at Cyberabad. And if current moves are any indication, Dell is only the first of the big names that are likely to follow suit. Major firms like the UK-based Lloyds and IBM are assessing Hyderabad to relocate their BPO operations. The state government and Dell have recently concluded an MoU for the setting up of a 1.6 lakh square feet backoffice and technical support centre at the Cyber Gateway on the L&T Infocity campus.