Cognizant Technology Solutions has reported net profit of $208.3 million during the first quarter of 2011, as compared to $151.5 million during the same period last year, an increase of 38 per cent. These figures are on the GAAP (generally accepted accounting principles) basis.

Cognizant net profit up 38% in first quarter

Business Standard

ExlService Holdings, a business process outsourcing company, today acquired finance and accounting (F&amp;A) outsourcing service provider Outsource Partners International for $91 million.

EXL to acquire Outsource Partners for $91 mn

Some television news watchers had already heard the news of Osama bin Laden&rsquo;s death through social media.

Social networks spread the news

A long, long time ago &mdash; in the year 2003, to be exact &mdash; when Facebook was a gleam in Mark Zuckerberg&rsquo;s eye and twittering was still for birds, blogging was the now thing. For troops heading to war, it was a revelation.

Military blogging goes mainstream

Facebook Inc, the world&rsquo;s most popular social-networking site, was sued for not getting parents&rsquo; permission before displaying that minors &ldquo;like&rdquo; the products of its advertisers.

Facebook sued over social ads

Michael Dell built his company and his fortune in the personal computer business. But the company&rsquo;s future is increasingly going to rest on services and the bigger gear used in data centres &mdash; server computers, storage and networking equipment.

Dell's future beyond the PC business

The board of Tata Technologies has approved preferential allotment of shares to two entities promoted by Tata Sons, the holding company for the group. This comes amid objections from some minority shareholders that the placement was being done at a low price to benefit group entities. The board says the Tata Group companies were chosen after evaluating many private equity entities.

Tata Tech defends preferential allotment to group entities

The Seoul police raided Google&rsquo;s office on suspicion that its mobile advertising unit, AdMob, had illegally collected users&rsquo; location data without users&rsquo; consent, the police said. The raid represents the latest setback to the US Internet search company&rsquo;s South Korean operations.

Google's seoul office raided

Reuters 

Apple Inc and Google Inc are trying to reassure iPhone and Android handset users they aren&rsquo;t tracking their locations. Online dating companies are betting their bottom lines on doing just that.

Privacy an issue with dating sites

Google is once again taking up arms in the browser wars, in the belief that people who use its Chrome Web browser will be more likely to keep using Google search.

Google takes to television to promote Chrome

Apple Inc, Google Inc and other makers of smartphone operating systems may generate $3.8 billion this year from sales of downloadable games, organisational tools and other applications.

Apple leads the apps market

Microsoft Corp&rsquo;s Bing will be the default search engine and map application on Research In Motion Ltd&rsquo;s BlackBerry smartphones, a boon for the software maker as it seeks expand in mobile devices and catch up with Google Inc.

Blackberrys will search on Bing

Cognizant is to invest $285 million in 2011, the bulk of it in India, said Coburn. The bulk would be on its notified techno-campuses in Special Economic Zones. The company has planned to add eight million sq ft, with the capacity to house 55,000 employees. Around 75 per cent of the global headcount of 111,000 is in India. &ldquo;We saw a decline in attrition during the first quarter. This number has decreased sequentially to 15.1 per cent,&rdquo; he said.

Cognizant to invest $285 mn in 2011

Bharti Airtel Telemedia Services recently launched broadband TV for its 1.4 million subscribers. It has also partnered with photo service firm Zoomin.Com, wherein its broadband customers will be able to store an unlimited number of photos.

Q&A: Girish Mehta, CMO, Bharti Airtel Telemedia Services

Unitech Wireless, the joint venture between Norway&rsquo;s Telenor and real estate firm Unitech, has posted a operating loss of Rs 1,046 crore (Norwegian Krone 1.2 billion) in the first quarter ended March, against Rs 934.9 crore (NOK 1.13) in the same quarter last year.

Unitech Wireless posts Rs 1,046-cr loss 

Time Warner Inc&rsquo;s Warner Bros division is paying about $80 million for the Flixster movie application and related Rotten Tomatoes website.

Time Warner buys Flixster movie app

Intel announced that it had again found a way to make computer chips that could process information more quickly and with less power in less space.

Intel's new transistors rise 'upward'

Idea Cellular has gone off the beaten track in its 3G growth strategy. While peers like Bharti Airtel, Vodafone and Reliance Communications launched their services in metros before going to smaller towns, Idea is doing exactly the opposite.

Idea takes 3G bets on rural market

Earmarks $3.1 bn as capex for India, Africa, South Asia.

Bharti Airtel net income dives 31%

iGate, the Nasdaq-listed information technology services company, reported a net profit of $17.9 million for the first quarter ended March 31, an increase of 54 per cent when compared with the same period last year. The company follows a calendar year (January-December) and saw a 31 per cent increase in revenue to $75.8 mn in the quarter, compared to last year.

iGate profit up 54% 

On the back of increased business from its global clients abroad, Genpact, the country's largest business process outsourcing (BPO), on Thursday reported a better-than-expected first quarter numbers. It posted a 28.2 per cent increase in net income to $36.1 million for the first quarter ending March compared to $28.2 million in the same period last year.

Genpact net jumps 28%

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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