The Tata group has bought another 30 per cent stake in South African network operator, Neotel, to increase its shareholding in the company to 70 per cent.

Tata Comm increases stake in Neotel to 70%

Business Standard

For the first time in many quarters, Wipro has given a lower guidance for the coming (fourth) quarter as compared to the previous quarter. Giving a lower guidance indicates that bad days are ahead for the IT industry. In an interview with Bibhu Ranjan Mishra, the Joint CEOs of the Bangalore-headquartered company &mdash; Suresh Vaswani and Girish Paranjape &mdash; speaks about the difficult environment.

&#39;Most clients will review budgets quarterly&#39;

Sasken Communication Technologies, a leading telecom software products firm, said it has finalised a scheme relating to impairment of assets.

Sasken finalises assets impairment scheme

Wipro Ltd &mdash; the soaps to IT major &mdash; reported an 18 per cent net profit growth in the third quarter ending December 31, 2008 but said it expects revenues in dollar terms from its software services business to decline sequentially in the fourth quarter. Software services account for 70 per cent of Wipro's revenues.

Dollar steamrolls Wipro's Q3 IT services business, Q4 outlook weak

Enterprise systems management supplier and product development company Quest Software Inc is looking at taking its Indian operations into the next level of growth via the inorganic mode. The company is looking at acquiring a product company in the target range of $50 million - $200 million, Quest Software managing director &mdash; India sub-continent Krishnan Thyagarajan said.

Quest Software keen on acquisition

LifeSize Communications, a provider of high definition video communications solutions, has expanded its operations in India by opening an expanded engineering design center in Bangalore. The center will be responsible for software development for the company&rsquo;s HD video conferencing and telepresence products, the Austin-based company said here on Tuesday. The company however did not divulge the investment figures.

LifeSize expands operations

My colleague asked me the other day if I wanted to watch Slumdog Millionaire. I declined saying I would watch it on the big screen. Did she have a pirated DVD, I asked. Well, sort of, she said. &ldquo;What was sort of ?&rdquo; I asked. &ldquo;Actually, its on a pen drive,&rdquo; she smiled. The whole movie ?&rdquo;. &ldquo;Yes, it&rsquo;s a 1 GB drive, it fit quite neatly,&rdquo; she smiled.

Slumdog Millionaire in your right pocket

Dealing a blow to its revival plans, the beleaguered Satyam Computer has got notice from two large customers for a possible termination of contract.

Satyam gets termination notice from two clients

Press Trust of India

Asus, which is behind the extremely popular Asus Eee PC range, has now introduced its first smartphone for 2009 &mdash; the Asus P565 Windows 6.1 that packs in a 800MHz Marvel CPU making this device the fastest smartphone in the world, at least on paper. The noticeable feature in this device is the Glide feature which offers a single finger sliding gesture to navigate the four directions, as well as tapping to call up applications.

Take the call

The US Securities and Exchange Commission is investigating whether Satyam Computer Services misled investors in an alleged $1 billion accounting fraud, two people familiar with the matter said.

Satyam may draw SEC scrutiny

Searching for information on your city? Your cellphone could be of use. Telecom firms offering local search service to subscribers say the response to the service has been good. They also expect volumes to swell once 3G, the spectrum that allows more room for value-added services (VAS), is allotted.

Telcos bet on local mobile searches

In the wake of its lacklustre performance in the quarter ended December 31, 2008 due to a mark-to-market (M2M) losses to the tune of Rs 66.58 crore (on standalone basis) IT services firm MindTree, for the first time, has decided to give the EBITDA guidance for the fiscal 2009, apart from their revenue and PAT guidance.

MindTree decides to give EBITDA guidance, for the first time

Bucking the global trend, IT giant Apple has crossed the 10 billion-dollar-mark of revenue in the quarter ended December -- the first time in history -- with its leading products, iPod and iPhone posting robust sales.

Apple bucks trend, posts record $10 bn revenue

Finnish mobile phone giant Nokia today reported a 69 per cent dip in net profit at euro 576 million for the fourth quarter ended December 31, 2008, amid deteriorating global economic conditions impacting the company's handset sales.

Nokia Q4 profit drops 69% amid falling handset sales

Involuntary attrition at Wipro, which peaked in the second quarter of FY09, is expected to continue at least for another two quarters, according to the Bangalore-based company. In the third quarter, about 1,200 people have been asked to quit on grounds such as poor performance, background verification and integrity.

Wipro expects involuntary attrition to continue

In an attempt to clear its name following allegations of account manipulation by a &quot;bear cartel&quot;, education solutions provider Educomp Solutions has also selected an innovative way of advertising, besides filing a police complaint.

Educomp turns to Google ads to clear name

Aditya Birla Group company Idea Cellular has posted a net profit of Rs 219.45 crore on a consolidated basis in the third quarter ended December 2008, a 7.32 per cent fall from Rs 236.77 crore recorded during the comparable period a year ago.

Idea Cellular net down 7 per cent to Rs 219.45 crore

Bharti Airtel, the country's largest mobile-phone operator, posted a 26 per cent growth in its third-quarter net profit after the company added record subscribers and widened its lead over rivals.

Bharti profit rises 26% on record rise in subscriber base

Google Inc.'s profit slipped for the first time in the fourth quarter,&nbsp;but the Internet search leader is still weathering the economic storm better than analysts anticipated.

Google tops Q4 forecasts, though earnings drop

Shyam Telelink (STL), a JV company between Russia's Sistema and Shyam Group, today said it has changed its name to Sistema Shyam TeleServices (SSTS).

Shyam Telelink rechristened as Sistema Shyam TeleServices

The number of internet users globally has crossed one billion-visitor mark in December 2008, with the Asia-Pacific region accounting for the highest 41 per cent, as per a leading internet marketing research firm comScore.

Global internet users cross 1 bn-mark in Dec: comScore

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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