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%

Business Standard

CDMA telecom player Sistema Shyam Tele Services Ltd (SSTL), a joint venture between Sistema of Russia and the Shyam Group of India, has been reeling under losses and has close to '5,570-crore consolidated debt from banks and financial institutions.

Q&A: Vsevolod Rozanov, President & CEO, SSTL

Renren Inc, China&rsquo;s biggest social-networking website by page views, surged 29 per cent in New York Stock Exchange trading after raising $743.4 million in its initial public offering.

Chinese social network beats Facebook in valuation

DesignTech Systems said it has signed an agreement to sell Siemens's PLM (Product lifecycle management) Software's NX&trade; software, Teamcenter&reg; software and Tecnomatix&reg; software in India. As part of this agreement, DesignTech Systems has joined the Siemens Solution Partner Program and will help further strengthen Siemens PLM Software&rsquo;s market presence and customer service in the country.

DesignTech to sell Siemens PLM software solutions

Patni Computer Systems is set to see the exit of some top executives. The information technology services and solutions company has been bought by Phaneesh Murthy-led iGate.

Patni to see top exits in run-up to iGate merger

The concept of &lsquo;digital classroom&rsquo; is catching up fast in private schools, with the segment growing at almost 25 per cent annually.

Boom in switch to digital classrooms

The Finland-based mobile handset manufacturer Nokia, which reported a drop in market share below 30 per cent for the first time in almost a decade, is now betting big on India to regain the business momentum.

Nokia to introduce dual SIM models soon

With a host of new features, the device is definitely worth a buy.

Should you be queuing up for the iPad2?

Take the waiting out of the waiter service at restaurants and let your fingers order your favourite dishes over the touchscreen tabletops with interactive menus.

A La Touche: Serving up a virtual menu

ExlService Holdings, the back office services provider, was recently in the news for being an acquisition target, but surprised the market by acquiring Outsource Partners International (OPI), another pure-play BPO firm, for $91 million. Rohit Kapoor, president and CEO, tells Piyali Mandal why the deal is beneficial.

Q&A: Rohit Kapoor, ExlService Holdings

The infomercial segment consists of television commercials that run from five minutes to an hour and is also called teleshopping. The Rs 2,000-crore infomercial segment, currently dominated by players like Homeshop18, is the natural step ahead for e-commerce portals, which already have most of the delivery infrastructure in place.

E-commerce portals' foray into TV

All right, class, here&rsquo;s your homework assignment: Devise an app. Get people to use it. Repeat.

The class that built apps, and fortunes

IT services company Cognizant Technology Solutions and global consulting firm Ernst &amp; Young Global Shared Services have taken up space in Athulya, the recently opened&nbsp;IT block at Infopark Kochi campus.&nbsp;For E&amp;Y, this would be its second centre in Kerala, with the first located at Thiruvananthapuram-based Technopark.

Cognizant, E&Y set up units in Infopark

Vodafone Essar on Monday wrote a letter to the Telecom Regulatory Authority of India (Trai) asking it to remove issues pertaining to &lsquo;new operator asymmetries&rsquo;, in the consultation paper released on interconnection usage charges (IUC) between telecom operators.

Vodafone questions 'new operator asymmetries'

Apalya Technologies Private Limited, a Hyderabad-based mobile TV and video delivery platform developer, has bagged the global rights for exclusive mobile, video streaming for all Indian Premier League (IPL) matches for two years, including the current 2011 season. The company was also the mobile TV partner for IPL&rsquo;s 2009 and 10 seasons.

Apalya bags global rights for IPL streaming

With financing through bank loans getting tougher day-by-day, the IT industry in Gujarat has sought for venture funding from the state government. Having met for the first time with the state government, the industry has also sought the former's help in setting up a software and hardware testing laboratory in Gujarat.

IT industry seeks venture funding in Gujarat

BPG-The Big Idea (BPG-TBI), a communications agency based in the UAE recently announced a collaboration with city based software development company Extentia Information Technology.

Extentia ties up with UAE's BPG TBI

State-run Bharat Sanchar Nigam Ltd (BSNL), among the top three in the mobile telephony sector till recently, has been under tremendous pressure due to increased losses and declining market share.

BS People: R K Upadhyay

Google Inc is preparing to unveil a new online music service, similar to a service recently launched by Amazon.com Inc, a move that escalates the battle to create the next generation of internet businesses for storing and listening to music, says a media report.

Google to unveil online music service

Press Trust of India

Sony said Tuesday it aimed to fully restore its PlayStation Network, shut down after a massive security breach affecting over 100 million online accounts, by the end of May.

Sony to restore PlayStation Network by May-end

Tech major IBM has projected that revenue from value-added services (VAS) would touch Rs 21,000 crore by 2014 if telecom operators adopted an aggressive VAS strategy, as their average revenue from voice is on a steep decline due to fierce competition and regulatory nudging.

VAS to touch Rs 21,000 cr by 2014: IBM

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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