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INFO-TECH
MANAGEMENT:
Govt to take over management control of Satyam Computer
Existing board disbanded; 10 nominee directors soon. New Delhi, Jan. 9 The Company Law Board on Friday allowed the Government to effectively take over the management control of the beleaguered Satyam Computer Services, following the Rs ...
SOFTWARE:
Ramalinga Raju surrenders
Hyderabad, Jan 9 Mr B. Ramalinga Raju, who quit as Chairman of Satyam Computer Services admitting to a Rs 7,136 crore financial fraud, surrendered to the State police here on ...
CORPORATE GOVERNANCE:
Satyam would be out of F&O from January 30, say bourses
Move would limit the price movement during intra-day. Chennai, Jan. 9 After excluding Satyam Computer from the indices, the exchanges have excluded the stock from the derivative segment as well. This means the stock would not see a free fall or ...
MERGERS & ACQUISITIONS:
Satyam still has many buyers as it plunges to a new low
FRENZIED ACTIVITY. Mumbai, Jan. 9 Hyderabad is the cynosure of all eyes and the woes of Satyam Computer Services Ltd are far from over. But, at the dealing rooms of brokerage houses in Mumbai, it was business as usual at the counters, with many ...
SOFTWARE:
Serious Frauds Office team examining Satyam records
Raju to appear before SEBI today. Hyderabad, Jan. 9 On a day of dramatic developments at Satyam Computer Services, one thing became clear: Mr B. Ramalinga Raju is likely to appear before SEBI (Securities and Exchange Board of India) on Saturday ...
NEW PRODUCTS & SERVICES:
MS previews new Windows version, seeks user feedback
Trial version available; will work only as Vista upgrade. Bangalore, Jan. 9 It’s always a good idea to listen to your customer. If you don’t, you might end up creating something they won’t accept. Microsoft learnt this the hard ...
HUMAN RESOURCES:
Satyam staff in dilemma as cash crunch fears rise
‘January salary commitment may not be met’. Hyderabad, Jan. 9 “Should I go to office today or not?” is the dilemma several Satyam employees faced on Friday morning after the interim management said it did not have ...
HUMAN RESOURCES:
To quit or not to quit – Satyam employees risk lower salary elsewhere
Mumbai, Jan. 9 ‘To leave or not to leave’, this could be the biggest question in the minds of the 53,000 odd employees at the troubled Satyam ...
INFRASTRUCTURE:
Gujarat may cancel allotment of land to Satyam’s IT SEZ
Gandhinagar, Jan. 9 With Mr B. Ramalinga Raju’s admission of account-fudging to the tune of Rs 7,000-plus crore over the last few years and uncertainties the controversy has kicked off, the GujaratGovernment is likely to cancel allotment ...
SOFTWARE:
Aviation clients to wait and watch
Mumbai, Jan. 9 While Satyam Computer continues to walk the tightrope, early feelers from its aviation clients suggest that they would rather adopt a wait and watch attitudeAirbus and Qantas Airways claim that the tainted Indian IT ...
SOFTWARE:
IT majors prefer to park cash with Indian banks
BL Research Bureau The Satyam debacle has raised questions on the real cash position of Indian IT majors and where these companies really park their cash. Even as doubts are being raised about whether Satyam’s cash balances really ...
INDUSTRIAL POLICY:
Semiconductor Policy brings in 17 projects
Chennai, Jan. 9 Seventeen projects amounting to an investment of $31 billion (Rs 1,57,000 crore) have been received by the Government under the Semiconductor Policy, according to Mr A. Raja, Union Minister of Communications and ...
SOFTWARE:
Can confession help Ramalinga Raju?
Hyderabad, Jan. 9 Why did Mr B. Ramalinga Raju, founder of Satyam Computer Services, choose to confess? Perhaps, he might have thought that it would not be long before his misdeeds were ...
CORPORATE GOVERNANCE:
HCL Tech, Genpact reach out to clients
Reassurance on corporate governance. New Delhi, Jan. 9 IT and BPO giants such as Genpact and HCL Technologies are rushing to soothe overseas clients and reassure them on high levels of corporate governance in their own firms, in the aftermath of ...
INTERNET:
Travel portals had reasons to smile over festive season
Bangalore, Jan. 9 The festive season in December 2008, the week from Christmas to New Year,, has given a much-needed break to recession-hit travel ...
HUMAN RESOURCES:
Does the bell toll for us too, worry IT employees
SATYAM SHIVERS. If one thought the traffic congestion, crowds at eating joints during lunch hour and a stroll for few, portrayed one type of picture, the inner feelings were ...
TELECOMMUNICATIONS:
Karnataka plans to have 1,000 e-PCOs by March
Mangalore, Jan. 9 The e-PCO (public call office) initiative – which has been jointly launched by Bharat Sanchar Nigam Ltd (BSNL), Intel, Itz Cash and PCO Association – will be extended to 1,000 PCOs by the end of March, according ...
TELECOMMUNICATIONS:
Roll-out may be linked with sale of equity by new telcos
New Delhi, Jan. 9 The telecom regulator has suggested that the Government could consider linking roll-out obligation to sale of equity by promoters of new telecom players in case it is felt that no lock-in period may be specified for shares ...
SOFTWARE:
Ramalinga Raju in Hyderabad, says AP CM
Chennai, Jan. 9 “To the best of my knowledge, he is in Hyderabad,” asserted Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, to a question on whether Mr B. Ramalinga Raju, former Chairman, Satyam Computers, was still in ...
FINANCIAL PERFORMANCE:
Logix Microsystems net down
Logix Microsystems Ltd, maker of automotive e-retailing solutions, reported a 21 per cent decrease in net profit in the December quarter, but total income increased 6.9 per cent. For the quarter, net income was Rs 242.78 lakh, compared with ...
INFORMATION TECHNOLOGY:
Part and parcel of IT
Now, a hand-held device to speed up the courier delivery process.. We’ve all been through this. The courier delivery man rings the bell to hand over a cover/parcel. To confirm delivery, he asks you to sign on the acknowledgement slip and ...
HUMAN RESOURCES:
Interview insights
...
INTERVIEW:
`Clients now ask probing questions'
Any views on mergers and acquisitions (M&A)? Most Indian companies have that kind of cash. Any more on the horizon such as HCL ...
INTERVIEW:
Exciting software times ahead
Kuliza Technologies sees software product development moving beyond financial domains.. Taking time off from the recent PanIIT conference in IIT-Madras are three senior IIT-ians, busy discussing with Business Line important issues such as ...
TECHNOLOGY:
LED by innovation
Light Emitting Diodes could take over from CFL in the future.. Are electricity costs pinching your wallet? Do you clench your teeth every time your child leaves a light switched on unnecessarily in an empty room? Take heart, for innovation is ...
INTERNET:
Is the Internet addictive?
An update on changing definitions.. There is no denying that the Internet tops the spot in our lives today. From virtually instant e-mails to reading chapters from an online book or taking up a course using MIT’s Open Course Ware, the ...
BOOKS:
Men who made IT happen
...
INTERVIEW:
Explore Google
Much of what you do in a day depends on Google. “But there’s so much more that people can do with Google. Most users haven’t explored the entire spectrum of search areas within Google,” says Alok Goel, Product ...
E-MAIL:
Try this route
Slow Internet connections needn’t be a problem any more if Rediff.com India Ltd is to be believed. Its new ‘Web-in-mail’ service is a way to access the Internet in your mail. “Web-in-mail will let people ...
CYBER QUEST:
Quiz
V.V. Ramanan. 1. What is the name of the new computer by Dell that many experts believe will rival Apple’s MacBook ...
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