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 thiswas an important event for the company as it proves ICIL's delivery capability in producing world class software.

Wockhardt Hospital, Bluecross sign pact: Wockhardt Hospital and Heart Institute has inked a healthcare deal with US health insurance giant Bluecross and Blueshield Association. Under the agreement, Wockhardt can now treat members of Bluecross and Blueshield Health Plans. "The alliance links our hospital to the select company of 11 hospitals in Asia which are empanelled by Bluecross to treat its members through the `Bluecard' worldwide programme," a senior company official said.

TCS suggests investment in Sindhudurg: Tata Consultancy Services (TCS) has suggested an investment of around Rs 280 crore in Sindhudurg district of Maharashtra to promote tourism in the area. This is the first major development over two years when the state government announced promotion of the region as a tourist destination. The tourism development plan prepared by TCS has stated that of the totalinvestment, Rs 86 crore needs to be diverted to roads (Rs 52 crore) water facilities (Rs 22 crore) and power (Rs 12 crore).

VSNL targets higher revenues: Videsh Sanchar Nigam Ltd (VSNL) is looking at annual revenues of Rs 300 to Rs 400 crore after a year of launching its joint venture to offer ICO Global's satellite telephony services in India. VSNL, which is the second largest shareholder in ICO Global, a consortium of telecom operators, entered into a pre-launch agreement with ICO Global on Monday.

Shareholders okay Nahar merger: Nahar Exports Ltd has informed the Bombay Stock exchange that equity shareholders, secured creditors and unsecured creditors have approved the scheme of amalgamation of Nahar Fibres Ltd with the company.