Satyam listed on Euronext in Amsterdam
In a big leap for the Indian IT industry, Satyam computers listed its American Depository Shares (ADS) on Euronext in Amsterdam, and has become the first company to be listed on three major bourses across the world. The company can directly access a larger pool of capital, and give investors across the European Union (EU) an opportunity to directly invest in the company. The company has already been listed on the New York Stock Exchange (NYSE).

Persistent, IBM set up center of excellence
Persistent Systems, a Pune based outsourced software product development (OPD) company, recently joined IBM to set up a Center of Excellence (CoE) for IBM’s rational products. The CoE will help the company to build a virtual community of developers, support teams, and service professionals who specialize in supporting IBM products to share ideas, solutions, and resources. The new initiative will help Persistent to deliver innovative solutions and develop products. Sriram Rajan, VP, IBM Software Group, IBM India, finds this CoE as an example of how companies can come together to help organizations maximize the returns on investments and improve performance.

Anil Ambani nurturing Tech Reliance
For the Reliance Group, it has always been about the scale, be it petrochemicals, communications, entertainment, power or finance. Now, Tech Reliance, a technology consultancy services from the Anil Dhirubhai Ambani Group (ADAG), is set to make a splash shortly. The company will initially focus on providing services to various industries like telecommunication, financial services, utilities, entertainment, and healthcare. Tech Reliance plans to launch operations from four to five development centers across the country, out of which Bangalore and Mangalore will possibly be the first launch centers. The Bangalore center is engage in product-oriented research and software development for copiers, printers, and consumer electronics devices. Apart from providing services to the group companies, Tech Reliance will also provide services to diverse sectors across India.

Music for the chips