Sam Lessin sold his Web startup to Facebook for millions last year, and Facebook promptly shut it down. All Facebook wanted was Lessin.

Looking for talent? Buy start-ups 

Business Standard

Following allegations by a senior colleague about co-founders calling the shots when it comes to a significant decision, Infosys chairman and chief mentor N. R. Narayana Murthy has expressed his anguish.

Murthy spent sleepless nights over Pai rap

iON, an integrated information technology solution for small and medium businesses (SMBs), by Tata Consultancy Services (TCS) is planning to have 1,000 clients in India by the end of this year and expects about 20-30 per cent of them to come from Eastern part of the country.

TCS launches iON in West Bengal

Dell, the world&rsquo;s second-largest personal computer (PC) manufacturer, reported a three-fold increase in its India revenue in the quarter ended April.

Dell's India revenue trebles in April quarter

Smartphones of Apple and Google are likely to face tighter regulation in Europe after a data protection panel ruled that location information collected by the devices should be classified as personal data, says a media report.

Apple, Android phones face tighter laws in Europe

Press Trust of India

City based VisionIndia Software Exports Limited, a company engaged in varied e-governance projects now introducing an ICT led initiative to fight female foeticide, where it will not only enable authorities to monitor the use of sonography machines but would also provide them with analytical reports for further action. This was announced by Sunil Umrani, managing director, VisionIndia Software Exports (VISEL) Limited today.

VisionIndia devolops technology to fight female foeticide

Signalling further tensions in relations, Telenor is pushing Unitech&rsquo;s Sanjay Chandra to quit the board of Unitech Wireless. Chandra, arrested in the 2G scam, has already resigned as the chairman.

Telenor wants Chandra out of board too

Beetel Teletech, a Bharti group company and a leader in the fixed-line equipment market for years, has entered the mobile phone space late but aims to be among the top five soon.

Beating the late mover disadvantage

LinkedIn Corp&rsquo;s founder Reid Hoffman and its three top venture backers will own a combined stake of about $2.5 billion after an eight-year wait for the first initial public offering by a major US social-media site.

$2.5 bn bonanza for LinkedIn backers

Running a company is not new to N V &ldquo;Tiger&rdquo; Tyagarajan, the newly-appointed CEO of the country&rsquo;s largest business process outsourcing (BPO) company Genpact.

Newsmaker: N V Tyagarajan

A new service called Social Flights aims to help people avoid standard commercial flights and their long security lines, crying babies and cramped aisles.

The group-deals craze comes to private jets

In the latest chapter in the unfolding tale of the book evolution from ink to pixels, Amazon.com has said its customers now buy more e-books than print books.

E-books outsell print books at Amazon

Company to invest $125-150 million to open a development centre in Shanghai; this is the largest investment by Infosys outside India.

Infy buys land in China to build own campus

IBM was perhaps the first global technology company to realise the potential of India as a market. It established the hardware manufacturing unit in India in 1951, and exited in 1978, a few years after the Foreign Exchange Regulation Act (FERA) was implemented. In 1992, Big Blue, as the company is termed, re-entered India with a joint venture with the Tatas. Since its inception in 1999, IBM India Pvt Ltd&rsquo;s journey in India has been a successful one.

Q&A: Shanker Annaswamy, MD, IBM India

Hopes it would prompt new regulatory guidelines, lead to clarity in the sector and drive out fly-by-night operators.

Direct selling industry welcomes Speak Asia probe

FB, Twitter are becoming real-time customer feedback tools for companies.

Social networking lends a helping hand

Users complain of poor service, inadequate support from customer care.

3G: Boon or bane?

Acer is eyeing a bigger share of the Indian market with five tablet PCs and five smartphones in its portfolio. The brand enjoys 11.3 per cent and 10.6 per cent share in the PC and notebook segments, respectively.

Acer eyes a bigger slice of the PC, smartphone pie

Give robust guidance for the year, while client-specific issues continue to hit Sasken &amp; MindTree.

Midcap IT: Hexaware, Polaris set to shine through

The proposal of Mahindra Satyam (the brand identity of Satyam Computer Services Ltd) for merger with its parent company Tech Mahindra is likely to take place by April-May 2012. The company is in talks with the US regulator, Securities and Exchange Commission (SEC), to clear the air on certain issues and is hopeful of its relisting on&nbsp;the New York Stock Exchange (NYSE).

Satyam-TechM merger likely by May 2012

Bharat Sanchar Nigam Ltd (BSNL) is planning to rope in private equity investors, including telecom companies, to pick up stake in a new company that will be floated by hiving off the state-run telecom major&rsquo;s towers.

BSNL may court private equity funds for tower unit

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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