Facebook founder and CEO Mark Zuckerberg will get millions of dollars in salary, bonuses and stock options, but cannot work on creating a rival to the social networking giant. This has been disclosed in Facebook's amended registration document for its upcoming IPO, filed with the US market regulator Securities and Exchange Commission (SEC) last night.

Zuckerberg can't create a rival to his own Facebook

Press Trust of India

Signalling consolidation in the Indian online retail space, leading e-commerce company Flipkart has acquired Letsbuy, a strong cyber player in the consumer electronics category. While the industry referred to the deal as an Amazon-Junglee effect, co-founder and CEO of Flipkart Sachin Bansal told Business Standard, &ldquo;the discussions have been on for some time. So it would be incorrect to say that it&rsquo;s a fallout of Junglee.

Flipkart buys Letsbuy in a cash-equity deal

Business Standard

The Enforcement Directorate (ED) has issued a foreign exchange violation notice to internet giant Google for alleged irregularities in transfer of funds to its foreign entities.

Google gets foreign exchange violation notice from ED

Vodafone Plc's trusted ally, Analjit Singh of Max India, has been appointed non-executive chairman of its India operations. He talks to Business Standard in the backdrop of the two recent Supreme Court verdicts.

Competition is always welcome, but it was becoming excessive: Analjit Singh

Telecom operator Uninor has asked the Telecom Regulatory Authority of India (Trai) to fix Rs 1,658 crore as the base price for reauction of 2G spectrum and to restrict to players whose licences have been cancelled and new firms rather than the incumbents.

Uninor wants Rs 1,658 cr as base price for 2G auction

The Telecom Regulatory Authority of India (Trai) on Friday proposed operators need not pay entry fee to migrate to unified licences.

No entry fee for licence migration, suggests Trai

Scientists claim to have for the first time built the smallest room-temperature nanolaser to date and a &quot;no-waste&quot; laser, which require very low power for operation.

Smallest nanolaser 'built'

To protect mobile users' interest in the backdrop of cancellation of 2G licences by the Supreme Court, the Telecom Regulatory Authority of India (Trai) is likely to come out with fresh guidelines on the business modalities to be followed by the companies that have lost licences, according to sources.

Trai may issue biz guidelines for new operators

Microsoft India's retail website was down on Monday after an apparent hack, with a purportedly Chinese group called Evil Shadow Team posting doctored screenshots that seemed to be of partially obscured customers' usernames and passwords.

Microsoft India retail website down after hacking

Reuters 

Going on a holiday abroad is always fun, and what adds to the fun is making new friends. But communicating with new friends becomes difficult as you may be knowing little French or Spanish and the foreign friends&rsquo; knowledge of English is limited.

A chat app to break  language barrier 

Ask any buyer about the one thing that they dislike about shopping, and the majority of them will point out to the unending wait in long queues at the cash counters.

Retailers pick the tab for customers

Telephonic communication sensed a handicap in Himachal Pradesh over the past weekend, as S Tel mobile services suddenly collapsed in the hill state. The development, which continues, has led its lakhs of customers to believe that the mobile company has even stopped its services in Himachal Pradesh, even though there has been no official confirmation on the matter.

S Tel mobile services go silent in Himachal

Its not just retailers and hoteliers that are cashing in on the Valentine's Day's fever, but also cybercriminals, who are looking at new ways to spam netizens and steal personal information like credit card details, warn experts.

Cyberworld criminals love Valentine's Day 

Som Mittal, president of the National Association of Software and Services Companies (Nasscom), agrees the uncertainty surrounding the business has increased, but despite that he believes the goal of a $225-billion industry by 2020 is achievable. Nasscom will kick off its 20th annual Nasscom India Leadership Forum on Tuesday, and see participation from over 1,000 delegates from across 25 countries.

IT will be crucial for inclusive growth: Som Mittal

Security software provider McAfee has appointed Jagdish Mahapatra as the Managing Director for India and SAARC operations.

Jagdish Mahapatra appointed McAfee India's MD

Expanding its online reach, Railways' Delhi Division has come up with a dedicated page on social networking site Facebook where passengers can check out availability of berths, train timings and other related information.

Now, check status of train berths, timings on Facebook

Traditional cheques may soon be a thing of the past. In perhaps a world's first, a team of British researchers claims to have developed an electronic cheque which offers the advantages of the traditional system but cuts down much of the processing and transport costs to the bank.

And now, e-cheques that save paper, but look real

In the latest case of website defacing in the country, software giant Microsoft India's retail website has been hacked, forcing the company to shut it down temporarily.

Microsoft India's retail website hacked

Apple Inc raised the stake in an intensifying global patent battle with Samsung Electronics by targeting the latest model using Google's fast growing Android software, a move which may affect other Android phone makers.

Apple launches new legal attack on Samsung phones

Apple Inc plans to announce a fourth-generation (4G) version of its iPad in the first week of March, a Wall Street Journal report said, citing a person briefed on the matter.

Apple to launch 4G iPad in March

Even as the economy of West Bengal remains in limbo, Mamata Banerjee&rsquo;s government might well have fired another missive to stall industrial growth.

Infosys, Wipro to stall Bengal campuses

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

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