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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (843)	2/23/2000 1:32:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT NIIT forges equity alliance with U.S. firm niit.com NEW DELHI, FEB. 22. The software major NIIT today said it has formed a strategic equity participation with U.S.-based Relativity Technologies to popularise 'e-transformation' of software that has a global market of $30 billion. By forging the alliance, NIIT has set up an e-transformation competence centre in Calcutta to offer web-enablement services to various organisations in India and invested a few crores of rupees, a top company official said. ``NIIT has set up a software facility in Calcutta to handle e- transformation business for global clients," the President of the software business, NIIT, Mr. Arvind Thakur, told Pti. The company would generate $7 million this year from the e- transformtion business and the revenue from this sector would be going up in the coming years, he said. However, Thakur declined to disclose the quantum of equity picked up by NIIT in the relativity technologies. - PTI

To: Mohan Marette who wrote (843)	2/23/2000 1:54:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT India to downsize government Prime Minister Atal Behari Vajpayee's government is reported to have formalised a scheme to downsize the Central government. The formal announcement to the effect would be made by Union finance minister Yashwant Sinha when he presents his Union Budget, 2000, on February 29. The new scheme is expected to offer a handsome package for employees accepting the Voluntary Separation Scheme (VSS) which could be four or five times what an employee would normally get at the time of retirement. The government also plans to ban fresh recruitment. Currently, about 39 lakh (3.9 million) people are working for the Central government, as against the sanctioned strength of 41 lakh personnel. The department of post and telecom and the railways account for the bulk of employment. Meanwhile, representatives of Janata Dal (U), Trinamul Congress, Shiv Sena and the DMK have opposed the blanket ban on recruitment in the Central sector and conveyed their views to the government in this regard. -OutlookIndia