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BARC develops supercomputer
Mumbai: The Bhabha Atomic Research Centre
has developed a cost-effective supercomputer, 'Anupam Pentium'. The computer clocks a
speed of over three times that of the 'Cray/Y-MP' class supercomputers.
The 16-node supercomputer was made using 16 personal computers
based on Intel Pentium II microprocessors operating at a 333 megahertz speed and a100
megabits per second ethernet switch, with a sustained speed of 1,300 million floating
point instructions per second.
The speed of Cray/Y-MP is about 400 mflops.
The Anupam-Pentium supercomputer had demonstrated that it
can solve very large computer-intensive jobs, BARC's computer division head H.K. Karua
said. He said the system could be configured with the Linux or Windows operating system on
all nodes.
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Rs 20-crore licence fee for FM
operators
New Delhi: The government intends to impose
a licence fee of Rs 20 crore for players wanting to enter the radio FM business in Mumbai
and Delhi. The fee is for a period of 10 years.
The fee will be broken up into Rs 1.25 crore for the first
year, escalating 15 per cent every year, and touching Rs 2 crore in the sixth year.
Licence fees for Calcutta and Chennai has been put at
lower levels, starting at Rs 1 crore in the first year and going up to Rs 2.36 crore in
the 10th year.
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Syndicate Bank offers
floating rate for deposits
New Delhi: Syndicate Bank has become the
first bank to introduce a floating rate on deposits. The bank has linked interest rates on
fixed deposits to the fixed repo rate of the Reserve Bank of India.
The bank calls the product Syndifloat, and hopes to
provide it to institutional investors initially to hedge the interest rate risk.
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Shareholder directors
for Corporation Bank
New Delhi: Corporation Bank has become the
first bank to appoint shareholders on its board. The government had recently directed all
banks that have accessed the capital market to appoint shareholders representatives as
directors.
The bank has inducted Tarjani Vakil, ex-chairperson of
Exim Bank, V.K. Chanana, a retired bureaucrat, B. Ganapathi Rai, chairman and managing
director of Bharat Beedi, and K.K.G. Pillai, president of Harita Infoserve, as
shareholders' representatives.
The bank is also taking steps to implement corporate
governance.
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Small towns lead in PC sales
Mumbai: Desktop PCs have registered a 57 per
cent growth in sales in towns with population of less than 2.5 million and in towns with
population of 2.5 million to 5 million, the growth rate is 49 per cent. These figures are
part of the findings of the Manufacturers Association for Information Technology.
MAIT's report had earlier said India has clocked one
million in sales of PCs in 1998-99.
The report came out with some other surprising details:
- Intel's Pentium accounted for nearly 51 per cent of all
desktops, with PII 300/350 MHz chip contributing to 29 per cent of the total sales and PII
233/350 MHz claiming the rest
- The PIII chip, released early this year, accounted for 1.3
per cent of the market.
- Local assemblers accounted for nearly 53 per cent of the
total sales volume. Domestic branded PCs had 25 per cent share and branded MNCs 22 per
cent.
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Inflation rate drops
New Delhi: The inflation rate dropped to a record
two-decade low of 2.03 per cent for the week ended 26 June.
The inflation rate had not come below 2.03 per cent since 1980s.
The overall decline in prices of articles and primary commodities is responsible for the
fall in the inflation.
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Technopark to float JV
subsidiary
Thiruvananthapuram: Technopark, the software
technology par set up by the Kerala government here, is floating a new joint venture
company as part of its expansion plans and is hoping to rope in one partner who will hold
a 51 per cent equity in the new company.
The state government-promoted technology park has so far
invested Rs 75 crore to develop the park and is taking the joint venture route for its
expansion plans. The state government will have a 26 per cent stake through Technopark
while private parties will hold 74 per cent.
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