Ubics sets aside $15 m for acquisitions in India
The information technology arm of the UB Group, UBICS Inc, has drawn up an extensive organic growth plan in India, the UK and South Africa, according to the company's president and CEO Robert C Harbage.

`Dotcoms are not dead, but the daysof absurd valuations certainly'
The Indian IT industry has seen both astounding euphoria over new found success as well as the hard rationalisation of valuations and stock markets.

Industry to demand more spectrum from DoT next week
Vacation of spectrum by the Air Force and immediate release of additional spectrum are the key demands of the telecom industry in the face of increasing spectrum requirements, according to a draft paper on spectrum agreed to by an across-the-industry technical group on spectrum.

House panel set to grill I&B unit over projector purchase issue
One can expect a lot of fireworks at the forthcoming meeting of the Standing Committee on Communications to be chaired by Mr Somnath Chatterjee.

India to be the fastest growing IT market in 2001 -- IDC
India will be the fastest growing market in Asia in terms of IT spending followed by Singapore and China while IT markets in South East Asia and South Korea will witness a slow down in 2001.

Malaysia eyes $40-billion foreign investment in IT by 2005
The Malaysian government is expecting foreign direct investment in information technology to the tune of $40 billion by 2005.


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