TODAYS NEWS

1..NASSCOM, in association with the Government of Karnataka and Canara Bank, today inaugurated Karnataka's first state-of-the-art Cyber Lab in Bangalore. The Cyber Lab will have a full time project manager from the police, two instructors, and part time volunteers from the student community. The training will include familiarization on areas such as Internet, browsing, email, and online transactions among others, and education on what constitutes cyber crime. Once trained, these law enforcement officials will be able to carry out various activities like analysing and scrutinising data on hard disks, email tracking, extracting evidence using Internet and mobile phones, and on cyber crime-related legislation.
2. India would continue to lead the IT supplier market this year despite Russia's emergence as a strong contender in the IT outsourcing market.The services globalisation industry continuing to grow at a brisk rate of 25 to 30 per cent in the coming year, as more and more companies ramp up their services globalization initiatives.
3.The Indian Institutes of Management (IIMs) are expecting the number of foreign offers to double this year and salary levels to shoot up by at least 20 per cent. IIM Bangalore has received 60 international offers so far and IIM Calcutta has received 93 foreign job offers which will see a significant rise with more companies still enquiring for final placements.The institute had placed 51 students abroad last year.
4.. Institute of Economic Growth, has forecast inflation to breach the upper range of the Reserve Bank's projection, by March-end, forcing the central bank to harden interest rates further in its next credit policy on January 31. The widely tracked wholesale prices-based inflation is already close to the threshold of RBI's target of 5.5 per cent for this fiscal. WPI Inflation touched 5.48 per cent during the week ended December 23.