World Bank has banned Satyam Computer Services for 8 years
Satyam Computer Services has more bad news for their investors.
The World Bank has confirmed reports that they have now placed a ban on the company for a period of eight years.
They would not give any kind of business to Satyam during this time period.
This ban has [...]
IBM establishes a Social Software Research Center
US based tech giant IBM has announced the opening of their new Social Software Research Center.
This new center has been established in Cambridge, Mass.
The company said that this new unit would concentrate on developing collaborative applications and other types of social software.
IBM said: “Web 2.0 is giving us the [...]
TCS fully acquires TCS do Brasil
Indian IT giant TCS has revealed that they are acquiring the remaining 49 per cent stake in its Brazilian joint venture named TCS do Brasil.
They are paying around USD 33.4 million for this deal and would now own this venture completely.
The company added that TCS do Brasil recorded a topline [...]
Tata Motors to revamp their truck range to compete with global companies
Indian automaker Tata Motors has said that they would totally be revamping their range of truck products to take on the growing competition from the global players.
Tata Motors’ Managing Director Ravi Kant said in a statement confirming these plans: “We are revamping the whole [...]
AT&T to invest $750 million on internet business
US based telecom giant AT&T has said in a statement that they are planning to invest majorly on expanding their internet services.
The company said that it will invest more than $750 million in 2007 to accelerate the delivery of global Internet Protocol services.
They are also planning to expand [...]
China: No New Cyber Café this year
The Xinhua News Agency in China has revealed that the government has decided to not allow any new cyber café to open in the country.
The news agency reported that 14 government departments, including the Ministry of Culture and the Ministry of Information Industry has issued a legal notice saying: [...]
Analysts: Microsoft struggling in online business services
Heather Bellini, an analyst with UBS Investment Research has stated in a report that software giant Microsoft has been struggling to compete against companies like Google with their online services.
This is despite the fact that Microsoft has said that they would eventually trump Google to be number one in [...]
Time Warner to sell off cinemas in China
US based Media Company Time Warner has confirmed that they are going to sell three of the six cinema halls they operate in China with domestic partners.
These theaters are being sold to local Chinese companies and they are also in talks to offload the rest.
The deal would [...]
IBM has 52,000 workers employed in India
IBM is one of the biggest multinational companies operating in India. The company now has a worker base of 52,000 employees in India.
The company overall grew its workforce by around 8 percent in 2006. India continues to remain the market where they are expanding their worker base.
These figures were [...]
iSkoot manages to raise $7 million in venture capital funding
iSkoot Inc. is a developer of software tools to enable users to run Skype and other Internet calling platforms on mobile devices.
The company has said that they have raised $7 million in venture capital funding. These funds have been provided by a group of investors led [...]
