According to a recent report in local news papers, India is fast loosing its cost advantage in IT and software services sectors. A few companies have either completely withdrawn or cut short their operations in India due to reasons widely believed to be due to man-power costs. These companies include Apple (US), Powergen (UK), and Pervasive Software (US, Texas). SAP CEO had gone on record saying that the Company will be looking around for other destinations in the coming years.
According to a report published in the Times of India, though the salaries of entry level engineers is low, the salaries of mid and senior level employees are quite high. Some times even higher than their US counterparts. Typical salaries for mid, and high level employees in Bangalore are given below:
Mid-level employee (5-10 years experience):
USA: US$ 70,000 (or appx. INR3million)
India:INR 2.5 million

Senior level employee (10-15 years experience):
USA:US$100,000 - 150,000 (INR 4.5-6.7 million)
India: 10,000,000 (yes, INR10million)

Added to the above, the yearly salary hikes are steep (in access of 15% per year)

The employee turn-around is quite high, and the ratio of total employees to that of employees actually assigned any work is around 70%.

Other countries that compete with India in IT services include the following: The Philippines, Russia, Canada, Ireland, Singapore, Czech Republic, Hungary, Poland, Romania, Russia, Slovakia, South Africa, Brazil, Mexico, Costa Rica, China, Malaysia, Singapore, Thailand and Vietnam. Of these, the Philippines, Russia, Vietnam and some East European countries.

Nokia has announced that it will shift its global telecom network management services hub from its home-base in Finland, to India. It is Nokia's Managed Services Division that runs telecom networks of service providers as part of the outsourcing agreement. Nokia's first Global Network Solutions Centre situated in Chennai had begun operations in May, and that it would serve as a hub for Nokia Operations Centers across-the-globe.
Recently, Nokia and Siemens declared their intention to merge Nokia's Networks Business Group with Siemens' carrier-related operations to form a new company, named Nokia Siemens Networks with 50-50 partnership.
The company is expected to focus on fixed-mobile convergence capabilities, global customer base, presence in developed and emerging markets.
With estimated annual revenues touching EUR 15.8 billion and 60,000-odd employees, the joint venture will be offering Gen-Next Network convergence products including IMS, 2G GSM/EDGE access, extensive mobile core, 3G WCDMA/HSDPA access, fixed broadband, IPTV, WiMAX, et al.

Nanotechnology is developing rapidly and some products are also being offered. However, the true potential is yet to be realized and what has been achieved so far is miniscule. Nanotech is expected to transform current technologies in to futuristic applications in the field of medicine, automation, aviation, and others. A tutorial is available on nanotech at tutorialsweb.com
The contents include the following:

1. Nanotechnology
2. Types of Nanotechnologies
3. Technologies
3.a. Chemical Vapor Deposition
3.b. Carbon Nanotubes
3.c. Nanowires
4. Microelectronic Transistors
4.a Structure and Operation of a MOSFET
4.b NanoFET
5. Nanoelectronics
a. Solid-state quantum-effect nanoelectronic devices
b. Molecular electronic devices
6. Microscopes
a. Atomic Force Microscope
b. Scanning Tunneling Microscope
c. Comparison of AFM and STM
7. Computational Nanotechnology
8. Nanotechnology products
9. Major achievements of Nanotechnology
10. Future Nanotechnology
11. References