The National Association of Software and Service Companies (Nasscom) would soon revise it export growth forecast in the first week of December. It had forecasted revenue rate between 21 and 24 percent for the financial year 2008-09.The IT body is forced to revise its export policy following slowdown in the US economy. The body is, however, expected to meet its target of $60-billion for 2010.

The National Association of Software and Service Companies (Nasscom) would soon revise it export growth forecast in the first week of December. It had forecasted revenue rate between 21 and 24 percent for the financial year 2008-09.The IT body is forced to revise its export policy following slowdown in the US economy. The body is, however, expected to meet its target of $60-billion for 2010.

Aksh Optifibre, an Indian provider of optical fibre solutions, has entered into 3-year agreement with Sony Pictures Entertainment to bring Hollywood content for iControl, to provide the best possible entertainment to the viewers.

Icontrol is a television connection allowing viewers to control television programmes as per their convenience with more than 130 channels, value added services like video on demand, time-shifting, live television voting etc.

On Friday, a top official from Software services firm NIIT Technologies Ltd informed that the company is planning to bring a rise in the revenues from its travel, financial services and retail sectors from the present 80% to nearly 90%.  

Arvind Thakur, Chief Executive Officer, told that they have to push it over 90%. He referred to the revenues from three segments, but did not assign any timeframe for this.

Revenues up to 42% were accounted by Banking, financial services and insurance (BFSI), with 28% of contribution given by insurance itself.

HCL Technologies (HCL), a leading offshore IT & software development company, has made a cash offer to acquire UK-based IT firm, Axon Group Plc (Axon).

Under the condition of the offer, Axon shareowners would obtain 650 pence in cash for each Axon share, inclusive of the Interim Dividend. The offer price values the entire issued and to be issued share capital of Axon at approximately £441.1 million.