Norwegian telecom major Telenor today wrote off its remaining fixed and intangible assets in India worth 3.9 billion Norwegian krone (Rs 3,583 crore). And, the company said it was likely to quit the country if the Telecom Regulatory Authority of India (Trai) recommendations of a steep base price for re-auction of 2G band spectrum were accepted by the government.

Telenor sets stage for likely India pull-out

Business Standard

Microsoft Corp is jumping into the fast-growing e-books market by investing $605 million over five years in Barnes &amp; Noble Inc's Nook e-reader and college business, as it looks to unlock Amazon.com and Apple Inc's grip on the exploding tablet computer market.

Microsoft eyes tablet lift via Barnes & Noble deal

Reuters 

When Vineet Nayyar, vice-chairman, CEO and managing director (MD), Tech Mahindra and now chairman, Mahindra Satyam, flashed the victory sign after having emerged as the highest bidder in the race to acquire Satyam Computer Services, many within the industry were not so sure that there was any reason to feel triumphant.

IT underdog now ready to run with the pack

A section of employees of the New York Stock Exchange-listed WNS has gone on strike to demand better wage hikes and protest against the retrenchment of five employees. The strike has been on for four days at the Nashik centre of the BPO (business process outsourcing) company, which has a headcount of 23,874. The employees have also taken help from local politicians.

White-collar strike hits outsourcing company WNS

Singapore-headquartered travel metasearch site Wego.com is foraying into India. The company has set up an office in Bangalore with 10 employees and plans to launch wego.co.in, the India version of the site, by the end of this month.

Metasearch site Wego.com to travel to India

Business process outsourcing (BPO) company WNS has managed to quell the upheaval caused by some employees demanding wage rise and reinstatement of five colleagues.

WNS quells Nashik strike

Business process outsourcing company Firstsource Solutions on Wednesday said it had extended its partnership with British Sky Broadcasting, the UK&rsquo;s largest entertainment and communications company, by another three years. Financial details of the deal were not disclosed.

Firstsource extends contract with BSkyB by 3 yrs

Genpact, India&rsquo;s largest business process outsourcing services company, on Wednesday reported a 6.7 per cent rise in its March quarter net profit at $38.5 million, compared to a year earlier. Revenue for the first quarter rose 32 per cent to $435.5 million.

Genpact net grows 6.7%, raises annual revenue guidance

Nevertheless, the stock went up on Wednesday by 2.4 per cent to close at Rs 317.95. The reason was primarily because operations were on the upside.

Markets cheer Bharti Airtel despite net drop

Genpact, India&rsquo;s largest business process outsourcing services company, on Wednesday revised its annual revenue guidance upward, signalling sound growth in turbulent times. Its president and chief executive officer, N V Tyagarajan, tells Piyali Mandal the company will keep investing in new businesses, despite the uncertain times.

We have not seen much impact on decision making cycle of clients: N V Tyagarajan

Indians are far ahead of their global counterparts in the use of social media to get customer service response. According to a recent survey by the American Express, 54 per cent of Indian consumers, who participated in the survey, said they used social media at least once in the past year to get customer service response, more than twice the global average of 20 per cent.

'Indians more open to social media for customer services'

In 2008, Subroto Bagchi took on the decidedly odd role of &lsquo;gardener&rsquo; at IT services firm MindTree where he is one of the co-founders. This doesn&rsquo;t necessarily mean that he spends his days hunched over Bonsai plants. Instead, it refers to the grooming of human minds that Bagchi took on the responsiblity for, by focussing on expanding the company's leadership capacity beyond just the founding team.

Constant gardener helps MindTree grow

Indian Angel Network, an angel group, is eyeing Bangalore-based technology start-ups for making angel investments. IAN (Indian Angel Network), which has funded nearly 35 differentiated scalable IP-led ideas from a variety of sectors, is presently focused on enhancing its presence in cloud-based projects &mdash; both in the &lsquo;software as a service&rsquo; and &lsquo;platform as a service&rsquo; &mdash; as well as those who have scalable ideas in the skill building space.

IAN keen on being angel investor in tech start-ups

Database software maker Oracle, which had completed the acquisition of Sun Microsystems, including the Java computer programming language and all of its related technology in 2010, is lining up cloud-enabled Java platforms for summer 2013, according to Anil Gaur, vice-president (software development) &ndash; Java EE and GlassFish Server), Oracle Corporation.

Oracle to roll out new Java platforms in summer 2013

The Telecom Disputes Settlement &amp; Appellate Tribunal (TDSAT) on Friday restrained Etisalat DB from transferring its equipment lying with Anil Ambani group company RInfra, which has claimed dues of Rs 1,270 crore from the operator.

TDSAT on Etisalat  

Press Trust of India

Pune based Icertis, cloud independent software vendor (ISV) and the provider of enterprise solutions in the Microsoft Cloud, has developed its new Contract Lifecycle Management product (ICLM) on Windows Azure in India. According to company, ICLM is easy to use and makes the contract lifecycle available on all devices, including smartphones and tablets. Also, the company is planning to expand its operations in UK and India by starting new offices and will invest around &#39; 54 crore for this. It will be hiring more than 150 IT professionals for in the next one year.

Icertis develops contract lifecycle management product for Microsoft

Within a few days of the Telecom Regulatory Authority of India (Trai) announcing tariff rules for cable TV, cable operators and multi-system operators have slammed the telecom regulator, saying the guidelines were not realistic.

Digitisation: Cable operators, MSOs flay Trai guidelines

Code division multiple access, or CDMA, player Sistema Shyam TeleServices Ltd (SSTL), whose licences have been ordered cancelled by the Supreme Court along with other companies, today filed a curative petition in the court to re-examine the cancellation of its 21 telecom licences. A curative petition is filed after the dismissal of a review plea and is heard by three senior-most judges of the Supreme Court.

Sistema Shyam seeks second opinion from SC on 2G licences

The regional director (RD) of the ministry of corporate affairs and the registrar of companies (RoC) received several complaints against six telecom companies, including Reliance Communications, Vodafone, Idea and Bharti Airtel.

Bharti accounts under RoC lens since November

Apple Inc won sanctions against Samsung Electronics Co for its failure to produce source code in a patent-infringement case in federal court in San Jose, California. US Magistrate Judge Paul S. Grewal wrote in his order that Samsung &ldquo;plainly violated&rdquo; a court order requiring it to turn over code to Apple, and ruled that Samsung won&rsquo;t be able to offer evidence in the case about its efforts to &ldquo;design- around&rdquo; three patents at issue in the case. In its lawsuit, Apple claims that Samsung&rsquo;s 4G smartphone and Galaxy Tab 10.1 tablet computer infringe its patents.

Apple wins patent infringement case against Samsung

The SlideShare engine, which helps users upload presentations online and embed these on blog, websites, intranets and social media, was mostly developed by the company&rsquo;s Indian developers. The company that was recently acquired by online professional networking company LinkedIn for a handsome $119 million (about Rs 640 crore) has majority of its developers and designers in New Delhi.

SlideShare success an inspiration for Indian developers

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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