[Fastboot] GDP growth touches 18-year high, inflation down/India, Brazil sign seven MoUs, set trade of $10 B by 2010/Rising rupee, high attrition rate hit IT sector hard

[si dailydose]

Title: SiliconIndia - NewsLetter

Daily Dose |   June 04 2007

>> TOP NEWS GDP growth touches 18-year high, inflation down The economy, powered by a double-digit surge in manufacturing and services, grew 9.4 percent in 2006-07, the fastest in the last 18 years. Inflation, at the same time, fell to its lowest level in nearly 10 months India, Brazil sign seven MoUs, set trade of $10 B by 2010 Brazil has emerged as India's largest trading partner in Latin America and the two sides, apart from signing seven agreements, have set a target of $10 billion in bilateral trade by 2010 Rising rupee, high attrition rate hit IT sector hard The rising rupee could impact net profit margin by almost 2.5 percent this quarter, as the dollar weakened by nearly 8 percent against the Indian currency in the last six weeks >> TECHNOLOGY Cisco keen on acquiring Indian IT firms Cisco, the $33.5 billion technology giant, is bullish on making acquisitions in India as it goes about expanding its array of solutions and products Bangalore goes hi-tech to tackle traffic snarls Electronic billboards, SMSs and handheld devices are among the new technologies that will now be used to check traffic jams on the narrow and potholed roads of India's IT capital. >> BUSINESS India's telecom equipment market grows 43 percent India's telecom equipment market grew by a robust 43.5 percent in 2006-07 to top Rs.771.17 billion ($18.8 billion) with mobile and fixed-line handsets business expanding by 45 percent AMU signs pact with Wipro for E-learning Wipro Infotech division has signed a pact with the Aligarh Muslim University (AMU) to provide training, skills and consultancy services to the latter's Centre for Distance Education. >> OTHER NEWS Supreme Court refuses to intervene in Dera-Akal Takht row Refusing to intervene in the controversy between the Akal Takht, the highest temporal authority of Sikhism, and the Dera Sacha Sauda sect, the Supreme Court Monday rejected a petition seeking steps to protect the sect's Deras and its followers Kashmir plans 500,000 jobs in five years With relentless violence since 1989 shattering its economy, Jammu and Kashmir has now set out an ambitious plan of creating about 500,000 jobs during the next five years. Indian, world newspaper circulation up, despite Internet Newspaper circulations worldwide rose 2.3 percent in 2006 with Indian sales increasing most with 12.93 percent, the World Association of Newspapers (WAN) said here Monday. >> BLOGS Beware of Bad Leadership - Sreeram Kishore Chavali Most leadership literature focuses on Good leadership qualities. There is also negative side of leadership: Bad Leadership. If a leader falls in love with himself and has blind spots of his weaknesses, it can result in bad leadership. Every leader may a have a brief bout of this phase and leaders need to be on constant vigil not to become a bad leader. MAGAZINE Cover Story The relatively undefined nature of the outsourcing market makes the game 'intellectually challenging' for Nipuna Services. Network Spotlight FEATURED MENTOR Atul Kumar Engineer MicroSoft India Buy Books and CD's In The Wonderland Of Investment For NRIs Park your money in India and profit..Buy Now World Class in India Case studies of Indian companies that tackled head-on the challenges of a market in fluxBuy Now Pranayam Rahasya It is by the concentrated and coordinated, tireless and unending efforts of one s body...Buy Now

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