Albert Hieronimus, the new chairman of the board of MindTree, is not new to Bangalore. A person passionate about exploring India on wheels as the MD of Bosch Ltd (previously known as Motor Industries Co Ltd) for almost six years, he is heading MindTree at a difficult time. After deciding to scrap the telecom product business after investing about $8 million, its founder-chairman Ashok Soota left. Hieronimus tells Bibhu Ranjan Mishra and Pradeesh Chandran, he is optimistic.

Q&A: Albert Hieronimus, Chairman, MindTree 

Business Standard

With an increase in the availability of licensed music, an overwhelming number of music lovers in India are opting to download music to their devices (computer, mobile phones and music players, among other gadgets) instead of buying music CDs.

Users dump CDs, move to digital music

One may argue that group-buying sites are here to stay, with the established global players like eBay India and Groupon making a bid for the same.

E-commerce sites battle it out with group-buying sites 

Yahoo India grew twice as fast as the market last year. The reach (measured as the number of unique users visiting Yahoo in India as a percentage of total internet users in India) increased from an average of 65 per cent to 81.4 per cent during the period, according to latest comScore data.

Yahoo clicks after reboot

In 2008, HCL Technologies acquired UK-based consulting firm Axon, in what was the largest acquisition by an Indian IT company. HCL Axon President Steve Cardell, who was earlier the Axon CEO before the deal, talks to Piyali Mandal about how the move paid off for HCL, with the business line now contributing about 22 per cent to HCL&rsquo;s overall revenue and helping it to bag more deals.

Q&A: Steve Cardell, President, HCL Axon 

This is a love story. It began on a hot summer night in Santa Barbara, California, when Tamara Langman helped kill the yellow-eyed demon known as Prince Malchezaar. She was logged into World of Warcraft, the multiplayer fantasy game, and her avatar &mdash; Arixi Fizzlebolt, a busty gnome with three blond pigtails &mdash; had also managed to pique the interest of John Bentley, aka Weulfgar McDoal.

It is love at first kill

For N Chandrasekaran, MD &amp; CEO of India&rsquo;s largest information technology services provider, Tata Consultancy Services, the fourth quarter and 2010-11 numbers were one of the best since the industry was hit by the recession. Analysts feel if TCS, having crossed $8 billion in annual revenue, continues to keep this momentum, it is set for $10 billion in revenues by the end of 2011-12. In a chat with Shivani Shinde, the MD talks about the future course.

Q&A: N Chandrasekaran, TCS

Tata Communications on Monday said it had not received any communication from the Department of Telecommunications (DoT) on the issue of demerger of the company&rsquo;s surplus land. A report by a DoT panel is known to have said the department had decided to demerge the extra land into a real estate company. The panel was appointed by the communications minister and had ordered a probe last month into a delay in the demerger process.

No DoT reply on surplus land, says Tata Comm

There is a dissonance between the quarterly results of India&rsquo;s top two software companies, TCS and Infosys Technologies, and the response it evoked in stock markets. The latter apparently did not like the results as they beat down the stocks. While Infosys was faulted for not living up to the expectations of the analysts and suffered a greater fall, TCS produced very good numbers but still saw its stock decline. There can be many reasons for a stock&rsquo;s rise and fall.

The big two ride high

Pawar, who was also one of the founder members of Nasscom, will take charge from tomorrow. He was also the vice-chairman of Nasscom&rsquo;s executive council. He will replace Accenture&rsquo;s Harsh Manglik.

Rajendra Pawar of NIIT to be next Nasscom chairman

In early 2008, in the early days of the iPhone era, Google engineers began noticing something unusual in the search engine&rsquo;s logs. Owners of these phones were doing a huge number of Web searches.

Google gambles on mobile search

In a development considered an offshoot of the ongoing restructuring at Infosys, Aditya Nath Jha, a company veteran heading branding and corporate marketing, has resigned.

Infosys sees another high-profile exit

With the first quarter of the new fiscal 2011-12 offering positive business outlook, hiring sentiments for sectors like IT, ITeS and telecom has risen by over 20 per cent, says a study by TeamLease Services Pvt. Ltd.

Hiring in IT, telecom to go up by 20% in Q1

Sony launched its first tablet computers in an ambitious attempt to grab the No 2 spot in a market dominated by Apple&rsquo;s iPad and set to quadruple in four years.

Sony chases Apple with tablet launch

Reuters 

Rising salary levels, higher attrition, building onsite presence and investment in creating intellectual property is making Indian IT services vendors push the billing rates up by 4-5 per cent, says a study.

IT services vendors to push pricing by 4-5%

India&rsquo;s largest IT services provider Tata Consultancy Services (TCS) will apply for 1,500 H1-B visas for 2011-12, clearly indicating robust growth in the US.

TCS to apply for 1,500 H1-B visas

Enablement of Internet, cloud and high penetration of mobile phone and 3G services are driving the growth of product-based technology start-up companies.

'Service-led culture driving start-up growth'

VMware Inc, a NYSE-listed, $3-billion company that provides virtualisation solutions from desktop to the data centre and to the cloud, is aiming at doubling the number of virtual desktop seats in India.

VMware to double virtual desktop seats in India

The Department of Telecommunications (DoT) has asked for vacation of an additional 80 MHz from the defence services to meet the needs of the telecom industry.

DoT asks defence to vacate 80 MHz more

After a lacklustre third-quarter performance, Wipro investors had a lot to cheer about, with the company announcing a 14 per cent rise in its fourth-quarter net profit at Rs 1,375 crore.

Wipro net up 14%, but tepid outlook disappoints street

Nokia Oyj will transfer its Symbian software development to Accenture Plc as part of Chief Executive Officer Stephen Elop&rsquo;s plan to eliminate 7,000 jobs worldwide and switch to Microsoft Corp&rsquo;s system.

Accenture to develop Symbian for Nokia

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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