ICIL gets certification: International Computers India Ltd (ICIL) has become the first software company to receive enterprise wide SEI CMM Level 5 certification. Being assessed at level 5 by the Software Engineering Institute's Capability Maturity Model, ICIL is put among a elite group of seven organisations in the world which have the high level of capability in their business processes. ICIL president and chief executive officer LC Singh said this was an important event for the company as it proves ICIL's delivery capability in producing world class software.

Ensure higher credit flow, says PHDCCI: A leading industrial chamber called for higher credit flow in the form of working capital loans at concessional rates and to set up adequate venture funds for trade and industry, especially in the small and medium enterprises (SMES). There is a persistent reluctance by bankers to lend to SMES due to fear psychosis on account of rising non-performing assets (NPAs), PHD Chamber of Commerce and Industry (PHDCCI) said in a communication to Government.