Citibank Pvt Equity invests $1.5 m in Momentum
Citibank Private Equity has invested $ 1.5 million for an undisclosed equity stake in Momentum, a Delhi-based IT company which engages in off-shore delivery for global clients.

Texas Instruments to set up end-equipment labs in 12 top institute
Ericsson, Nokia, Sony, Symbian et al working closely with software development companies at end-equipment laboratories in leading Indian technical institutes, and Texas Instruments India playing a pivotal role in the entire process.

Citibank, IFC, NIIT team up for student loans
Citibank, the IFC and NIIT together announced the signing of an agreement to start a Rs 400-crore student loan programme for high-tech education to be provided by NIIT.

...`BB+' rating for loan from S&P
The Rs 400-crore student loan programme fashioned by Citibank, IFC and NIIT has received a `BB+' rating from Standard & Poor's indicating a positive and stable outlook.

Hughes Tele.com to dial into limited mobility
Hughes Tele.com, the private basic operator in Maharashtra has said it will be making heavy investments to provide limited mobility using WLL technology.

Budget 2001 -- Surcharge on software?
Indian software companies fearing that they will finally be forced to contribute to the Government coffers in Budget 2001, the key question is: just what can be the nature of taxation?


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