IIT dept meet under way
The Department of Management Studies (DMS) of the Indian Institute of Technology (IIT) Delhi, in association with the Global Institute of Flexible Systems Management, has organised a global conference which began on Monday. The meet on till Wednesday has the theme - `New Business Paradigm: Global, Virtual and Flexible'. Software developers seek tax incentivesDomestic software developers who cater to software requirements of Indian clients, mainly corporate and banking sectors, have asked the government to extend better income tax concessions and other incentives, B Suresh Kamath, chairman of the Chennai-based Laser Soft Infosystems Ltd, told reporters. After launching "Laser Touch", the `lobby banking product' of the company, he said Indian software developers catering exclusively to the domestic market were being taxed heavily and unfairly, he said.

Lucent to supply mobile network to Telefonica
Telefonica Moviles, the mobile services subsidiary of Spain's Telefonica SA, has selected Lucent Technologies as one of the suppliers of its Universal Mobile Telecommunications Services (UMTS) network to its third generation (3G) consortium in Germany with the Finnish operator, Sonera. The supply agreement for products and services is valued up to Euro 900 million (nearly $800 million). This pact may form the basis for a collaboration between companies in Austria, Italy and Spain.