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IT industry to return to growth in'10
The IT industry is exiting its worst year ever as global IT spending is all set to decline 5.2 per cent, according to Gartner, Inc, an information technology research and advisory company. However, the IT industry will return to growth in 2010 with IT spending forecast to total $3.3 trillion, a 3.3 per cent increase from 2009.

Jet to buy 26% stake in JV with Malaysian Airlines
The Board of Directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.

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Search engine poisoning poses threat to smaller units
After contaminating the search results on major search engines such as Google and Bing, search engine optimisation (SEO) poisoning is set to pose a threat to small and medium enterprises (SMEs).
Business Ideas

No plan to abolish import duty on rice: Sharma

Amid rice prices going up, the government today said it has no plans to abolish customs duty on rice import for now as there is sufficient stocks of the foodgrain. "I don"t think that stage has come. We have sufficient stocks in the country," Commerce and Industry Minister Anand Sharma said when asked whether duty elimination on rice import was under consideration of the government. India"s rice production touched record in 2008-09 at 99.15 million tonnes, helping the government achieve an all-time-high procurement of rice at about 33 million tonnes. However, crop prospects this year have been affected by drought in about half the country.


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