News makers:
25 Dec 2000
The first such angel funding from Mr.Bhatia is expected by the fist quarter of 2001 most likely in a communications technology company. Details of the proposed venture are still undisclosed. Mr. Bhatia would invest either as a venture capitalist and/or an angel investor.
Mr. Bhatia, who has plans to set up a voice mail services company in India, has recently joined the board directors of an Indian bank.
27 December 2000
Mr Vandrewala elected
chairman of NASSCOM
New Delhi: Mr Phiroz Vandrevala,
executive vice president of Tata Consultancy Services (TCS) has been elected as the
chairman of National Association of Software and Service Companies (Nasscom) for 2001. Mr
Vandrewala takes over from Mr. Atul K Nishar, chairman of Aptech Ltd. Mr Vandrevala was
earlier the vice chairman of Nasscom during 2000.
"Our immediate endeavour at Nasscom would be to increase the size and revenue of the domestic software and IT services industry, both in qualitative and quantitative terms and also provide a roadmap to achieve the target of $ 87 billion of revenue by 2008." the new chairman-elect Mr. Phiroz Vandrevala has said. Further elaborating on his plans, Mr. Vandrevala said that Nasscom would increase the activities through opening of more offices in different parts of the country, and launch Nasscom chapters in overseas markets.
Among other office bearers, Mr. Dewang Mehta continues to be the president of Nasscom. Mr. Anil Laud, managing director of Siemens Information System Ltd.has been elected as vice chairman and Mr. Arun Kumar, president of Hughes Software Systems Ltd. has been re-elected as the honorary treasurer.
