However, according to its audited financial results for the first quarter ending on June 30, 2011 the company has posted a revenue growth of 20 per cent quarter-on-quarter to Rs 171.31 crore from Rs 145.46 crore.

Persistent Systems net profit declines by 13%

Business Standard

High unemployment rates and increased scrutiny by the immigration department in the US have increased the woes of Indian information technology (IT) services companies. These firms are already affected by falling margins, delays in getting orders and the ongoing financial crisis in their second-biggest market, Europe. Industry analysts and IT companies agree the rejection rates of H1 and L1 visas by the US, their biggest market, have almost doubled in the recent past.

Stricter US visa norm continues to plague Indian IT companies

Jet Airways, Bajaj Auto, BlackBerry, Hyundai, Ford, Volkswagen and several leading lifestyle brands like DeBeers are now using the Quick Response (QR) code to target the smartphone user base in India.

Advertisers adopt 2D barcodes

Researchers at Rensselaer Polytechnic Institute have developed a new method to harvest energy from flowing water. This discovery aims to hasten the creation of self-powered microsensors for more accurate and cost-efficient oil exploration.

Graphene: An aid to harvest energy

Amid increasing censorship of internet sites by governments, Telex&mdash;created by computer security researchers from the universities of Michigan and Waterloo&mdash;is the latest approach to circumventing internet censorship. Telex seeks to place anticensorship technology into the internet's core network infrastructure through cooperation from large internet service providers (ISPs).

Circumventing net censorship

US prosecutors arrested and charged 14 people with involvement in a cyber attack on EBay Inc&rsquo;s Paypal unit that the group Anonymous claims it instigated in retaliation for the online payment company suspending the account of WikiLeaks. An indictment unsealed yesterday in San Jose, California, charges the individuals with conspiracy and intentional damage to a computer. Two others from New Mexico and Florida were arrested on cyber-related charges for improper access to computer files, the Justice Department said in an e-mailed statement.

16 charged with attacks on Paypal, AT&T  and FBI

Infotech Enterprises Limited, a Hyderabad-based technology solutions provider offering engineering and geographic information services, reported a net profit of Rs 26.85 crore for the first quarter ended June 2011, as compared with Rs 32.89 crore during the same period a year ago, reflecting a decline of 18.36 per cent. Revenues, however, grew 37 per cent to Rs 346.67 crore, as against Rs 252.89 crore.

Infotech Q1 net dips 18% 

Chennai-based EdServ Softsystems Ltd has tied up with CAClubIndia, an interactive online platform of finance professionals, to offer online Chartered Accountant (CA) training.

EdServ ties up with CAClubIndia

7Seas Entertainment Limited, an independent game development company, is planning to develop five games for Android-based mobile phones with an investment of Rs 2 crore, to be funded through internal resources, said managing director L Maruti Sanker.

7Seas to launch games for Android phones

Yahoo! Inc, the most-visited US Web portal, reported revenue that missed estimates as marketers favored competing sites and a sales-team shakeup made it harder to clinch advertising orders. Shares fell in late trading.

Yahoo! sales miss profit estimates 

Nokia Oyj may tomorrow predict further declines in handset sales, potentially eating into cash reserves as the Finnish company struggles to compete against smartphones using Google Inc&rsquo;s Android software.

Nokia sales slump may cut into $9-bn cash pile 

South Korea&rsquo;s Samsung Electronics Co launched a thinner and lighter version of its Galaxy tablet in its lucrative home market, trying to chip into blockbuster sales of Apple Inc&rsquo;s iPad.

Samsung takes shot at iPad with new Galaxy Tab

Reuters 

It's being touted as the new outsourcing wave with foreign companies beginning to outsource new media work like online reputation management, data mining, influencer identification and crisis management directly to small and mid-sized Indian social networking agencies. This, even as big agencies continue to sub-contract work to smaller agencies in India.

New media outsourcing to India gathers steam

As many as 10 Indian IT companies are set to exhibit their wares at the India Pavilion during the 2011 Internet Show being held in Abu Dhabi in September, indicating the growing interest of Indian companies in West Asian region, it has been revealed.

Ten Indian IT firms to exhibit in UAE Internet Show

Press Trust of India

A couple of years ago, it would have been almost unthinkable to imagine candy-coloured BlackBerry phones in the hands of college youth. BlackBerry was positioned as an enterprise phone for mobile executives &ndash; hence, black in colour. Today, however, one can even spot young college girls in the country, flaunting their pink BlackBerry phones.

Colour works for BlackBerry

Carbonite, a Boston-based company providing online data backup services, is in the process of replacing its call centre in India with one in the United States.

US company moves back call centre from India

Artificial intelligence has been the inspiration for countless books and movies, as well as the aspiration of countless scientists and engineers.

Artificial neural network made out of DNA

Scientists have reported a breakthrough in their quest for &lsquo;single-molecule electronics&rsquo;, a mechanism through which common electronic circuits in computers, smartphones, audio players and other devices may shrink to the size of a grain of sand.

A step towards ultra-portable electronic devices

There are a lot of similarities in the 2011-12 first-quarter results of the two software leaders, Tata Consultancy Services (TCS) and Infosys. Both have grown their topline at a slower pace than in the previous sequential quarter. The bottomlines of both have actually dipped, again sequentially, leading to a fall in net margins.

First-quarter blues

When it was under scrutiny for selling spectrum cheap to new operators in 2008, the department of telecommunications or DoT submitted in its defence that the policy directives were to improve telecom services in the country and not to maximise revenue. Low-priced spectrum would keep the cost of business low, and more players in the market would keep prices under check and improve the efficiency of spectrum usage, the argument went.

Bhupesh Bhandari: Not-so-cheap spectrum

Google Inc, owner of the world&rsquo;s most popular search engine, plans to wind down the website through which it let users explore early product prototypes to help better prioritise development of new services.

Google set to wind down Google Labs

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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