Hint of tech fund

Mumbai, Feb. 7: Nasscom plans to set up a Rs 100-crore fund to promote innovation in information technology. “The first-of-its-kind initiative by the apex body, the fund will be supported by the industry and willdrive innovation by IT firms,” Nasscom president Kiran Karnik said. Innovation is the next imperative to sustain the growth of the Indian IT industry in global markets.

Nelp blocks

New Delhi, Feb. 7: The government is likely to award 52 oil and gas blocks — including the 19 blocks that received ‘erratic financial bids’ — tomorrow, petroleum minister Murli Deora said today.

CCAI renamed

New Delhi, Feb. 7: The Call Centre Association of India (CCAI) has rebranded itself as the Business Process Industry Association of India (BPIAI).

Wipro plan

Mumbai, Feb. 7: Wipro Technologies has said it was actively looking at about a dozen companies for acquisition and hopes to complete at least one in the current quarter to fill up value gaps.