Shedding its image of a brick-and-mortar organisation, the Life Insurance Corporation of India (LIC) is all set venture into the digital era.
The corporation is close to signing a Rs 1100 crore Electronic Data Management System (EDMS) contract with a consortium-led by global IT major Hewlett-Packard (HP) that will transfer it to the paperless world by 2010.
HP will lead a consortium of IT firms, including Mumbai-based Vakrangee Softwares for three-and-a-half year that would entail digitalization of its 20 crore policies. The global IT major would also have to rollout LICâ€™s EDMS initiative and computerize all its 2,048 branches.
The technical and commercial evaluation process has been completed, and a formal announcement would be made sometime later sources close to development said.
IT majors Wipro, Electronic Corporation of India Ltd (ECIL), Tata Consultancy Services (TCS) and hardware major CMS Computers were the other bidders for the project.
Read More @ Business Standard (26 Jan â€™07)
India’s top IT firm Tata Consultancy Services (TCS) is planning to set up an offshore development centre in South Karnataka. The company will invest nearly Rs 1,000 crore to set up the centre, which will house close to 2,000 people, sources close to the development told HT.
This would be one of the largest centres of TCS in the country, which currently employs 83,000 people across the world.
This offshore development centre would be undertaking high-margin work such as writing codes for ERP and other package implementation along with some application development and maintenance work.
Read More @ Hindustan Times (25 Jan â€™07)
Life would be easier if we didnâ€™t have to patch our operating systems and apps. Patrick Gray explores the real reasons why updating is important.
It would be easier if hackers, who say theyâ€™re acting in the public interest by releasing information on the vulnerabilities they find, would just get real jobs and stop pointing out the weaknesses in our software, right? Wrong. â€¦
Read More @ SC Magazine (29 Jan 2007)
Shankar Mahadevan sets your pulse racing with his India Poised anthem. Lyrics by Gulzar and set to music by India ‘s hottest musical team of Ehsaan and Loy.
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Source :- India Poised
IT bellwethers Infosys and Wipro are participating in the World Economic Forum (WEF) at Davos in Switzerland in a big way to showcase Indiaâ€™s technology prowess and its expertise in handling socio-economic issues to global leaders.
In separate statements here, both the Bangalore-based tech firms said their head honchos â€” Nandan M. Nilekani of Infosys and Azim H. Premji of Wipro â€” will be attending various sessions and interacting with leaders on emerging economies, global trading system and technology innovations at the annual meet that began in the Swiss ski resort on Wednesday.
Read More @ Asian AgeÂ
Kumar Mahadeva, founder of US based software services company Cognizant Technologies, has raised a $225-million fund to invest in Indian companies.
Kumar has teamed up with Ramanan Raghavendran, who had earlier raised a fund called Connect Capital, to raise this fund under Kubera Partners on the London Stock Exchange (LSE). Mr Raghavendran is an experienced private equity fund manager and has worked with firms like Insight Venture Partners, General Atlantic, TH Lee Putnam Ventures and McKinsey in his past avatars.
LSE Alternative Investment Market (AIM) is increasingly becoming favoured to raise funds for making investments in Indian sectors or companies. About 15 Indian and India-focused companies have raised funds on AIM in the past one year. They have raised over $4 billion from AIM
Read More @Â Economic Times
Wipro, Tata Consultancy Services (TCS) and Suzlon are planning expand their network to Dakshina Kannada and Udupi districts “in a big way” as per assurances given by the companies to Minister for Industries Katta Subramanya Naidu at an investors’ meeting, here on Monday.
According to Mr. Naidu Wipro had assured to set up an information technology park on 100 acres of land either in Dakshina Kannada or Udupi with an investment of Rs. 1,800 crore. The company had plans to invest Rs. 180 crore on the project in the first stage. According to the company, the park would create jobs for 15,000 people.
Mr. Naidu said that TCS had assured to invest Rs. 640 crore on 100 acres of land. It had plans to provide employment to 20,000 people.
Suzlon had plans to set up a windmill at Padubidri in Udupi district with an initial investment of Rs. 500 crore. It had agreed to raise the investment to Rs. 1,000 crore in a phased manner to provide employment to 3,000 people, he said.
Read More @ Hindu (24 Jan â€™07)
TrustedID, a leading provider of solutions to prevent identity theft, launched a free global service that allows consumers to search a secure database to check if their personal information has been stolen or compromised.
The new service, dubbed StolenID Search, contains more than 2 million compromised credit card and Social Security numbers. The company wants to give consumers tools to help them proactively prevent identity theft, said Scott Mitic, CEO of TrustedID. â€¦
Search more than 2,346,139 compromised numbers @
A computer virus caused driver licensing delays at state motor vehicle agencies and service centers, but was fixed by 2 p.m., a spokesman said Tuesday.
The virus was first detected last week in computerized driver license testing and also impaired digital driver license processing at some agencies, said Mike Horan, spokesman for the state Motor Vehicle Commission.Â Â â€¦
Read More @Â Extremenano.com (23 Jan 2007)
Hackers from West Asia pulled off a coup when they defaced the homepage of zone-h.org, a website known for archiving and monitoring the hacking activity.
The defacement did not appear to be politically motivated, but the Saudi Arabian hackers left a message with a four-letter word pointing out that the security of the website was bypassed. The site was not repaired till Tuesday night. â€¦
Read More @ The Hindu (24 Jan 2007)