Intel India collaboration with Techno Park

Intel India has agreed upon a working engagement model with Techno Park here to offer the Intel Software Partner Program (ISPP), a programme for Independent Software Vendors (ISVs) developing applications on Intel platforms and technologies.

Under the programme, Intel gives ISVs tools and resources they need to enable, market, and sell innovative applications that run on Intel technologies ranging from mobile to multi-core to virtualisation technology, Intel Software and Solutions Group Asia Pacific Director Narendra Bhandari told reporters here yesterday.

The programme helps software organizations to be more competitive with resources to support them through all phases of their business cycle, he said.

Techno Park CEO N Radhakrishnan Nair said the programme would help the medium and small software organisations in the Park. "We hope that this alliance will be beneficial and enterprising for all the parties involved", he added.

On investment possibilities, Bhandari said it would depend upon the progress of the tie up. 'This is our first Park oriented and cluster focussed ISPP", he said.

Intel will offer ISPP to the member companies of Technopark as well as research and development support for niche ISVs and would also invest in marketing initiatives in terms of resources that were aimed at enhancing the scale efforts of the partner companies.

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Petro prices fuel inflation to over 11 per cent

Fuelled by the sharp increase in fuel and cooking gas prices, the inflation shot to a thirteen year high of over 11 per cent. Coupled with increase in petrol product prices, the food prices put the pressure on inflation that touched 11.05 per cent on week ending June 7, a development that could cause a major worry for the government.

Capturing the Central Government's decision to hike petrol prices by Rs five a liter, diesel by Rs 3 a liter and domestic cooking gas by Rs 50 a cylinder led to the spurt in inflation, management of which is proving a major challenge for both the finance ministry and the Reserve Bank.

Inflation was 8.75 per cent for the week ended May 31 mainly on account of rising food, vegetable and fruit prices.

Within a minute of release of the government data on price movement in the country, the sensitive Bombay Stock Exchange benchmark Sensex dipped by over 200 points, reflecting the concern of the investing community.

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