A court here today fined corporate honchos Shahid Usman Balwa and Vinod Goenka, accused in 2G spectrum allocation scam, for filing "frivolous" pleas seeking to visit Mumbai for business purpose saying the "government machinery cannot be made subservient to the money power of the accused to serve their business." Balwa and Goenka had urged the court that they b
Tata Consultancy Services (TCS) has become the country`s third most valued company in terms of market capitalisation as the software giant toppled oil & gas major ONGC to grab the coveted place during the past week. The market cap of the country`s largest software company advanced by Rs 6,948.06 crore to Rs 2,32,642.58 crore. During the last week, the company`s counter also a
Addressing his last AGM, Infosys Chairman N R Narayana Murthy on Saturday described himself as an average guy with "many below-average attributes", and said his life story should encourage ordinary people who want to make a difference in the world. "As I close, I thank God, this country, this world, family, relatives and friends for helping me - an average person w
The country`s second largest software exporter Infosys Technologies today inducted four new members to its board, including current CFO V Balakrishnan. "The company has appointed V Balakrishnan, B G Srinivas, Ashok Vemuri and Ann Fudge to the Board," Infosys Chairman N R Narayana Murthy told reporters here. While Balakrishnan is currently serving as the c
Dell will now enhance focus on small and medium businesses in the city and offer relevant holistic solutions, services and targets. A company official said here the company will offer technology solutions to the city industries like gems and jewellery, textiles and others. "As a part of our SMB outreach strategy to work closely as and IT partner with emerging
The government today said it is working on modalities to take a decision on the surplus land owned by international long distance phone company VSNL, now owned by the Tata group. "There was a Cabinet decision to hive off all the land assets into a separate company. We are working on the modalities. Then we will take further action," Telecom Secretary R Chandrasekhar tol
The government is expected to take a decision on cancelling licences of telecom operators who failed to meet the eligibility criteria in about a month, a top government official said. "We have received clarification from the Ministry of Corporate Affairs on date of reckoning for compliance of various conditions, whether it be change in memorandum of association or equity-based
With the rapid growth of the country`s retail industry, coupled with higher Internet penetration and improved spending power, online group buying market is expected to grow by around 200-300 per cent over the next two years, an industry expert said. In online group buying, websites put up discount deals offered by merchants on various services and products. The deal materialises
After mobile phones, the competition is hotting up for "tablets" in India with BlackBerry-maker Research in Motion (RIM) all set to launch its PlayBook in the country later this month to face the likes of Apple`s iPad and Samsung`s Galaxy Tab. The Canadian firm will launch PlayBook in Indian markets and some other countries this month, sources said. According to the com
A Rs 57-crore data centre designed to meet e-governance requirements of the Karnataka government for the next decade was set up in Bangalore on Thursday. The centre will offer latest technologies including virtualisation and provide the servers on demand to various department of the government to facilitate e-initiatives. The centre will host e-governance initiatives such as UID
India along with the US and UK accounted for 70 per cent of the brands targeted by phishing in April, says a global survey. RSA, the security division of EMC, in its May Fraud Report said the US accounted for 42.5 per cent of brands targeted by phishing, followed by UK (19 per cent) and India (8 per cent). Worldwide as many as 17,376 attacks were launched in April,
Recruitment trends improved last month, primarily driven by increased hiring activities in sectors such as oil, gas, petroleum, power and retail, according to job portal Monster.com. Indicating better hiring trends, the Monster Employment Index -- a monthly gauge of online job demand -- climbed 12 per cent in May 2011 as compared to the year-ago period. "The Index continues
Anil Dhirubhai Ambani Group company Reliance Communications is planning to launch an under-sea cable system HAWK with an estimated investment of Rs 650 crore. The new cable will connect Mediterrenean region to rest of the world via Europe and Asia. This cable will be part of FLAG network of Reliance Communications, connecting Cyprus to Alexandria. It will work as an alternative
Financial technology solutions and services provider 3i Infotech has unveiled the advanced and upgraded version of their Enterprise Resource Planning (ERP) Solution, Orion Enterprise in Kuwait. The ERP platform, with built-in CRM and SCM and Business Intelligence capabilities, offers organisations sharp insights into and control over operations across the value chain through a single ap
The government on Thursday said the Planning Commission will soon give suggestions on spectrum allocation and pricing to the Department of Telecom (DoT) to end all arbitrariness involved in the process. "Preliminary discussions have taken place and we are in the process of giving very detailed comments. Some comments we have already sent and we will soon be giving our detailed comm
The controversial Rs 570-crore data lines connectivity deal of state-run telecom Mahanagar Telephone Nigam Limited (MTNL) with HCL Infosystem for Commonwealth Games 2010 was cleared by a committee of secretaries, headed by Indian Cabinet Secretary K M Chandrasekhar, an official of the state-run telco said. "Purchase order of the tender was issued after committee of secretaries appr
Infosys BPO on Thursday announced it has jointly developed a highly customised case study with the Indian Institute of Management Bangalore (IIM-B). Developed by Infosys and Professors Janat Shah and L S Murty of IIMB, and slated to be used by business schools as part of management curriculum, the key objective is to impart industry specific knowledge to management students while integr
To tap the growing telecom infrastructure industry, MHS Energy - a subsidiary of clothing, infrastructure and energy company Tenstar Infratech Ltd on Thursday inked a deal with Germany-based b+w Electronic Systems to set up Rs 150 crore facility in India, a top official said. As per the agreement, MHS Energy would set up solar- powered telecom towers for mobile companies, MHS Energy Man
Handset maker Nokia on Thursday said it will spread its Mobile Money services pan-India by next year, enabling consumers to transact and make payments directly using their Nokia phones, a top official said. Mobile Money allows the users to make electronic transactions in exchange of products or services without the use of hard cash. Kaustuv Chatterjee, head of solution marketing
Technology giant IBM on Thursday said it has maintained its numero uno position in the Indian non-x86 UNIX server market, driven by strong demand for its products. A server is designed for various functions like serving e-mail, protecting internal networks and hosting web sites. "According to IDC`s Asia/Pacific Quarterly Enterprise Server Tracker, IBM has emerged No 1 in th
