Tech Span India is one of the major assets management & securities transaction software maker and it is currently focusing on expediting its goal of becoming a billion dollar company by 2010.

The efforts include the plan to increase its revenues from the existing & future contracts. Tech Span top line is growing at the pace of 50% year-on-year.

During year-ending 2005, the company reported service & software revenues of $102 million. Most of the Tech Span’s US &UK-based clients are equipped with their own captive BPOs in India or the Philippines or Outsource it to third parties in either of these countries.

Tech Span India is a subsidiary of headstrong services LLC, an American Company.

Arjun Malhotra, founder and chief executive officer of Tech Span said that most of the investment banks & asset management firms who are using their software would also prefer BPO services to manage their transaction.

The BPO operations will be started at one of the existing locations in Noida and an investment of $20 million has already been announced by the company.

The deficit was caused by the company writing down the value of its current assts. The assets included the acquisition of Germany’s Mannesmann in 2000, worth £100 billion.

The Vodafone accounts included assets worth £23.5 billion, but it the document-excluded profits worth £8.79 billion for the year to March 31.

Arun Sarin also confirmed that the underlying performance of the Vodafone group ranked well after out performing its competitors in a market place full of challenges.

The Pantech group confirmed that it would supply handsets by December 2006

The KPO sector has almost triple its size to more than $2 billion in just two years.

The CEO of Pipal research, a KPO company, Manoj Jain points that the billing rates for the KPO industry are as much as three times of those in the BPO industry. This is attracting many new players in the industry.

According to the experts, the capital requirements for the KPO industry can be anywhere between 40% & 50%. This is lower than the amount required for setting up a BPO unit.

By 2008, the $100 million worth India’s clinical research industry is expected to touch 1 billion. The figure is estimated as per the current annual growth rate of around 40-50% according to KPMG pharma.

The KPMG report has also estimated $48 billion opportunity for India in the global pharmaceutical market by 2007. This would be made possible through contract manufacturing of active pharmaceutical ingredients & intermediates, customized chemistry services & development outsourcing by adopting specialized method of pre-clinical & clinical trials.

Currently, Pondicherry has already many units such as Lenovo, Acer, HP, HC and many others.

Recently, the government has withdrawn sops to set up new units and this led many multinational companies to shift their priorities to other places.

HCL Infosystems has now planned to launch its new unit in Uttaranchal. It is not only tax sops, but also the longer time to market to the north that makes Pondicherry, an undesirable place to set up new markets.

Currently, the PC market is growing 28-30% on an annual basis and is set to double in the future with five million units a year at present.

HP’s Pondicherry unit is in a state of disuse & the company is meeting the requirements from the Bangalore facility.

North Indian regions such as Uttaranchal, Himanchal Pradesh, the Northeast & J & K offer tax exemptions for new units these days. This has made these regions more attractive.

Ka’abi said that as per the current proposal, an unskilled foreign labor would be granted a three-year residence visa for once. This will allow a total period of residence for an unskilled foreign labor will be six years & after the period ends, the worker must return to his native country for two years before coming back if he wishes with a new residence as per the same terms & conditions.

Last month, the formal bid of more than €40 billion from Sebastian was rejected & criticized by Vivendi. This resulted into raised pressure on the group to justify its conglomerate structure going forward.

Norwegian entrepreneur, Alexander Vik, who runs Sebastian Holding, an offshore investment company, left the door open on Wednesday by saying it continued to analyze the situation.

Sebastian has confirmed that it owns 4% of Vivendi while Vivendi claims the stake is only about 1.2%.

Many smart IT Companies are using the India story to create a global footprint for themselves. For instance, Finacle division of Infosys has cited the reference of ICICI Bank while making sales presentation for its core banking solutions to banks in Europe & Africa. Nucleus software also follows the trend & cites its software installation for SBI.

Telecom system integrator ORG informatics explains its role in the growth story of Airtel & Reliance Infocom to prospective telecom customers in Africa.

The initial investment for the whole project would be around $30 million and this would be hiked up further in several phases to a total of $100 million.

The new manufacturing facility by Motorola will extend up to 70acrees & in phase-I a 2.5-lakh sq. ft. facility will be ready for operations in January 2007.

The facility will be responsible for manufacturing a wide range of handsets including both GSM & CDMA.

It will also support production & assembly of Network base stations for products across Motorola’s Networks & Enterprise portfolio.