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MERGERS & ACQUISITIONS: Wipro buys Citi’s captive IT unit
$127-m all cash deal includes services contract for 6 years. Bangalore, Dec. 23 Wipro Technologies completes its Christmas shopping, acquiring Citi Technology Services Ltd (CTSL), the India-based captive IT unit of Citigroup Inc for $127 million ...

SECURITY: World Bank to keep out Satyam for 8 years
Decision follows probe into charges of data theft, benefits to Bank staff. Hyderabad, New Delhi, Dec. 23 The World Bank has decided to keep Satyam Computer Services off all businesses for a period of eight years beginning ...

ISPS: Net woes: RCom writes to telecom regulator
Blames Airtel for not giving access to extra bandwidth. New Delhi, Dec. 23 Even as Internet services continued to be disrupted in the country, Reliance Communications has written to the telecom regulator that other long distance telecom ...

MERGERS & ACQUISITIONS: Maytas ‘deal’: Satyam told to provide details of board meet
Registrar of Companies report to be ready by January 10. Hyderabad, Dec. 23 The Ministry of Company Affairs (MCA) has given Satyam Computer Services a week’s time to provide all the information on the December 16 board meeting that took a ...

TELECOMMUNICATIONS: 3G auction: DoT offers sops to lure foreign firms
Not many overseas players attend pre-bid meeting. New Delhi, Dec. 23 In a bid to create interest among foreign players for the upcoming 3G spectrum auction, the Department of Telecom today said that new players who win third generation mobile ...

E-MAIL: GlobalOutlook email services for SMEs
GlobalOutlook, a Hyderabad-based company, has announced launch of email (Outlook) services for small and medium enterprises. Addressing a press conference here, Mr Dayakar Puskoor, Executive Chairman of GlobalOutlook, said the company would help ...

PEOPLE: Moser Baer names new CEO for PV biz
Moser Baer on Tuesday named Mr Rajiv Arya as the new Chief Executive Officer of its solar photovoltaic business. Mr Arya has been with Moser Baer Photovolatic (MBPV), a wholly owned subsidiary of Moser Baer, since September last year. He was ...

EXPORTS & IMPORTS: Meltdown may hit export sector this fiscal: ESC
Kolkata, Dec. 23 The country’s export sector might register a slowdown during the current financial year and the growth targets for 2009-10 might have to be revised under the current financial situation and global meltdown, said Mr ...

INTERNET: ‘Yahoo on track with hiring plans’
Mumbai, Dec. 23 Yahoo has not yet put a freeze on hiring plans for its India unit, according to a top ...

TELECOMMUNICATIONS: DoT seeks Cabinet nod on spectrum usage charges
The Department of Telecom has sought the Cabinet Committee on Economic Affair’s approval on three decisions taken last week related to spectrum usage ...

VENTURE CAPITAL: IL&FS Milestone Fund invests in tower at IT park
Pune, Dec. 23 IL&FS Milestone Fund I, a private equity fund jointly promoted by IL&FS and Milestone Capital Advisors, has invested Rs 139 crore in one of three towers at The Cerebrum, an IT park developed by Pune-based Kumar ...

From eWorld

HARDWARE: A bigger push might help
The tech industry, while welcoming the cut in Cenvat rate, wants more initiatives to get the IT bus moving.. The Government’s recent decision to effect a 4 per cent cut in Cenvat rate is expected to offer only a limited respite to IT ...

TERRORISM: Responding to terrorism
The CMD of software player Mastek offers an industry perspective.. Sitting in our office in mid-town Manhattan, when I heard of the attacks in Mumbai, my first reaction was disbelief. Over the next few hours, the magnitude of the attack and the ...

SOFTWARE: Know your language
I am working on a new initiative right now and am looking at programming and languages in a different way from what I am used to — not as an end user of programs, but as someone deploying programs for use. Probably the most ...

BOOKS: Advantage, Web writers
You can make your content a constantly changing buffet.. When you write for the Web, remember to edit for international readers, advises Crawford Kilian in Writing for the Web ( www.jaicobooks.com). Many ...

SECURITY: Tap into their talk
Security agencies need to track the communication channels of terrorist systems while guarding their own turf.. The recent happenings in Mumbai highlighted the ruthlessness and dexterity of the modern terrorist. He shows no mercy nor does he ...

MERGERS & ACQUISITIONS: Lessons from the Satyam-Maytas deal
Key points to keep in mind.. The Satyam-Maytas deal has been announced and called off within the space of a day. In that one day, the company has faced significant issues related to corporate governance and professionalism. Whatever the merits ...

INTERVIEW: Fight ‘fear of recession’ first
HR expert lists do’s and don’ts for companies.. How is the recession, the full effect of which may yet be coming, impacting our IT (information technology) companies? While a few big companies are suffering, some small players are ...

SOFTWARE: Read the consumer’s mind
Who would want to buy what, from your store? Software offers insight.. Wish you knew who would walk into your store on a Thursday afternoon to buy a bottle of perfume, or who would be happy to hear of your latest credit card scheme? 24/7 ...

CYBER QUEST: Quiz
V.V. Ramanan. 1. According to Google’s 2008 Year-End Zeitgeist for India, the top ‘How to’ and ‘Bollywood Celebrities’ searches ...

CARTOON: Cartoon
...

LETTERS: ‘e-governance selectively’
With regard to the article, ‘Reform potential of e-governance’ by D. Murali, in eWorld dated December 15, I would like to share ...





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In Focus
Pravasi Bharatiya Divas, Singapore

More

Other Top Stories
Meltdown may hit export sector this fiscal: ESC

‘Export-linked sectors likely to be hit harder’

2 lakh small, medium units may turn sick on slowdown

3G auction: DoT offers sops to lure foreign firms

Sesame oil prices ruling firm on lower output fears

Oil cos put on hold plans to invest in Brazil

10% additional cover for exporters on the cards

NTPC chalks out ‘green plans’

Looking back
Dec. 14-Dec. 20
MS India sales ‘impacted’

Outsourcing slowdown tells on SEZs

‘Consolidation will increase outsourcing’

Vodafone case: ‘No definitive findings on taxability of deal’

TRAI seeks overhaul of USO fund management

‘Satyam’s independent directors had raised concerns over the deal’

L’affaire Satyam

eWorld



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