IT News

IT sector may get some regions to bloom once software parks scheme expires: Union budget 2008-2009 may announce some incentives for IT investment regions to replace the current software technology parks of India scheme, which will expire in 2009.Some main highlights of the policy are

* Government will set up exclusive investment regions which will be spread over at least 40 Sq km for development of IT sector.
* Company having any type of IT operation will be eligible to set shops in the proposed regions
* Government will be responsible for creation of ready made facility

Cni

CNI Research Ltd has informed BSE that the Company has signed a consulting agreement with Wakabayasbi Fund, LLC, a Japanese Limited Liability Company (the "Company"), a corporation organized and existing under the laws of the Japan., whose address is 2-6-2 Kamiosaki, Shinagawa-ku, Tokyo, Japan 141-0021.

The agreement is for liaison of Capital Funding and Institutional Relationship (non exclusive in India and overseas). The alliance will improve the top line of CNI Research Ltd which is a fully paid portal.

This agreement will strengthen the existing business of CNI Research in more than one way. Cni Research is in talks for more such alliances with few leading overseas investment bankers.

OnMobile Global makes its debut at the issue price

OnMobile Global, a Bangalore based company, a provider of telecommunication value added products and services made its debut and opened at the issue price of Rs. 440. The stock recieved a good buying support because of the strong sentiments in the market today and it touched a high of Rs. 470 and also hit a low of Rs 411 on NSE.

On BSE it has touched a high of Rs 472 and a low of Rs 421.

Rural Electrification Corporation

Rural Electrification Corporation, February 19-22, 2008 Offer Price - Rs. 90-105 Would advise investors to invest in this IPO as it is reasonably priced after couple of IPOs were withdrawn from the market. REC is a very good company to invest and one should apply as there are chances to get decent allotment of these share and making reasonable gains.