Computer forensic lab launched
Hyderabad: The country's first computer forensics laboratory to provide digital evidence in tackling cyber crimes has been set up here. The lab will develop expertise to collect, examine and analyse data retrieved from computer storage media in a legally defensible mode.

Computer-related crimes such as hacking into networks, manipulating data, pornography, misuse of the Internet by terrorists are among the priority issues to be tackled by the laboratory.
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Compaq introduces extra thin server
Houston: Compaq Computer has introduced slimmest-ever server computer that piles all of the chips and a hard drive onto one board the size of a long book, rather than current pizza-box-size models. This allows users to place several servers into a smaller space.

The servers are used to manage Web pages and run security firewalls to bar unauthorized access.

Compaq's smaller servers will allow 280 servers per a standard rack, compared to 42 that a rack typically handles.
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APIIC, IRDA to set up insurance body
Hyderabad: Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) and Insurance Regulatory and Development Authority (IRDA) will jointly establish a global institute for insurance, risk management and other allied financial services here.

IRDA would take part in the equity of the institute in its capacity as a sponsor.

The APIIC would take part in equity of the institute equivalent to the cost of land transferred by APIIC to the institute.
The government would provide necessary infrastructure such as approach roads, power and water connectivity in tune with industrial policy of state government.
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DPC takeover by FIs mooted
Mumbai: The Maharashtra government has proposed a management takeover of the 2,184 MW Dabhol power project by financial institutions.

The suggestion came at a recent meeting of the representatives of power ministry, Maharashtra State Electricity Board (MSEB) and financial institutions, convened by the ministry of finance
Documents incriminating DPC have been obtained and it is reported that nearly 74 crates of documents have been removed from the premises of DPC without authorization and many documents have also been destroyed.

The IDBI-led consortium of domestic lenders has also set a target of starting the due diligence process for the sale of Enron's stake in DPC by this month end.
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Journalists were on Enron payroll
Washington: Bankrupt energy major Enron channelled thousands of dollars to journalists, according to a report in The Washington Post'.

The New York Times columnist Paul Krugman is alleged to have got $ 50,000 from the Enron advisory board, while Bill Kristol, editor of the Weekly Standard, was paid $ 100,000 for serving on an Enron advisory board over two years.

Lawrence Kudlow, contributing editor of National Review and co-host of CNBC's America Now, received $ 50,000 from Enron, while Peggy Noonan, a Wall Street Journal columnist and former Presidential speechwriter, got $ 25,000-50,000 for helping Enron with a speech and annual report.
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US warns India on Dabhol
New Delhi: United States has cautioned that the dispute over Enron-promoted Dabhol Power Company, if not resolved soon, may result in India being deprived of big international investment.

"Dabhol dispute feeds a chronic perception among the overseas investing community that India may not be ready for big time international investment," US Ambassador to India R D Blackwill said, delivering the keynote address at a meeting organised by the American Chamber of Commerce in India and Indo-American Chamber of Commerce.

Blackwill said US investment in India had less than halved from $737 million in 1997 to $336 million in 2000. US firms were investing only 38 per cent of what was approved by the Indian government.

Most of the investments were not required to be approved by the government in the first place while it took a 3,456 man-days to get a final clearance for foreign investment.
This equalled 10 years of effort from a single person and over a hundred additional clearances were required for power projects.
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