Karnataka signs deals worth Rs 4,000 crore at investors meet
Bangalore: The recently held Global Investors' Meet, organised by the government of Karnataka, is seemingly proving to be getting the government closer to its objective of attracting investment into the state.

It is reported that the state has struck deals worth nearly Rs 4,000 crore in sectors ranging from telecom to auto. A majority of the MoUs to execute these projects were signed today.

Nearly half of the investment has come from the IT-backbone initiative. Some of the biggest industrial groups in the country today committed to invest a total of Rs 2,095 crore to set up fibre optic networks in the state.

MoUs have been already been signed with BPL group, Reliance Industries, Zee Telefilms Ltd (ZTL) and Enron India for setting up fibre optic networks, and agreements with other companies Lucent Technologies, Bharathi Mobile and Spectra Net is expected to be signed soon.

The millennium IT policy of the Karnataka government has substantial concessions and reliefs for IT parks. Proposals for 11 IT parks have been approved under the GIM. Total investment is expected around Rs 917 crore. Five of the 11 parks would be coming up in Mysore and Hubli. Infosys, Reliance Industries, Satyam Computers and Digital Equipment are some of the major players.

Major non-IT investments include TVS Suzuki’s auto project at Mysore at a cost of Rs 450 crore to make motor cycles, scooters and mopeds. The International Tech Park will commence phase 2 at a cost of Rs 500 crore.
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Handheld telecom devices hit by new virus
Washington: With handheld computers, pagers and phones that are exploding in use worldwide, computer security experts recently intercepted a new virus designed these devices.

According to antivirus firms, the virus called "timofonica" has been written to target phones on the Spanish, Telefonica, cellular network. However, Telefonica, owner of Spain's largest cell phone network, said it had received no reports of problems from its customers. And the antivirus experts suspect they may have caught the virus before it could send prank messages to cell phones.

Much of the focus in fighting cyberterrorism so far has been on stopping viruses targeted at home computers, where data can be deleted or altered, or at major computer networks, where viruses can flood networks with repetitive actions and grind them to a halt.
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