The new rival to Explorer and Firefox, now available for testing in Windows, makes up in exceptional speed for any minor shortcomings. And it’s got a nice array of features. Google’s much-anticipated new Web browser, Chrome, arrived today like a shiny new sports car: It’s streamlined, has some great new features and is very, very […]
Fidelity, Nexus invest Rs 80 cr in Netmagic
The Mumbai-based managed IT services provider Netmagic today announced it has received Rs 80 crore in private equity funding as part of its Rs 100 crore expansion plans. The funding was led by Indian proprietary venture and growth capital arm of Fidelity International Ltd (FIL) and Nexus India Capital. This is Fidelity’s first investment in […]
500 TCS employees asked to leave
India’s leading software services firm Tata Consultancy Services Limited TCS is laying off 500 of its employees due to poor performance. In the quarter ended Dec 31, TCS appointed 4,037 employees, taking its total headcount to one lakh eight thousand two hundred and twenty nine up from 83 three and a half thousand a year […]
Consim Info gets $11.75 million funding
Chennai-based online company Consim Info Pvt Ltd has announced the receipt of $11.75 million as second round of funding here Tuesday. Formerly known as BharatMatrimony, Consim Info got the investment from Mayfield Fund, Yahoo and Canaan Partners. The actual investments by each investor and the stakes they bought in Consim Info are not disclosed. In […]
CSS zeros in on Poland
Cybernet-SlashSupport (CSS) is setting up a near shore tech support facility at Wroclaw in Poland. This will be CSS first facility in Europe. The new facility in Poland will have a built-up space of 10,000 sq. ft. CSS, which provides IT services, including tech support, remote IMS (information management system) and software testing and development, […]
Cognizant inks deal with California Auto
Cognizant Technology Solutions has inked a multi-year relationship agreement with California State Automobile Association (CSAA) to provide a full suite of IT services, including business consulting, specialised software and service implementation, besides support services. The Chennai-based IT vendor will service the contract from multiple locations, including San Francisco, Glendale and Arizona. Cognizant executives declined to […]
Taiwan company to sell laptop for Rs 13k
Taiwan’s Asustek is set to launch its Eee PC range of low-cost laptops in India by January, the company’s head of Indian operations said. The company will sell the cheapest model for Rs 13,000, inclusive of duties. The device, running on a chipset specifically designed for it by Intel and marketed under the Asus brand, […]
British Telecom to have 51 Percent stake in Accel Frontline
Accel Frontline Ltd will soon become a subsidiary of British Telecom. The Chennai-based IT company is 42 per cent owned by Frontline Technologies Corporation (FTC) of Singapore, 30 per cent by the Indian promoter Accel Ltd, and by Indian public. Today, it was announced in the Singapore stock exchange that British Telecom, through BT Singapore […]
IBM websphere tops application software market
IBM’s Webshere has been ranked as the market leader in the Application Deployment Software market in India by research firm IDC. According to IDC Packaged Software Tracker 2006, IBM Websphere’s market share stood at 28 per cent, a release from the software major said here on Tuesday. IBM has bagged significant customers in the previous […]
Polaris enters out-of-court settlement with Data Inc
Polaris Software Lab Ltd has agreed to an out-of court settlement of $6,00,000 (about Rs 2.4 crore) with US-based Data Inc. According to information provided by Polaris to the stock exchange, “the said case was there in a US Court for trial on November 26, 2007. On the said day, the plaintiffs agreed to withdraw […]
CSS ties up with Netherlands firm
Cybernet- SlashSupport (CSS), a technology operations management (TOM) company, has entered into a strategic tie-up with Bergler ICT, a Netherlands-based IT solutions company, to provide infrastructure management services (IMS) to Bergler’s customers in Europe. Initially, the tie-up is for a three-year period. The tie-up will see CSS employ an additional 200-300 people to serve the […]
MindTree to inaugurate Mahindra City in Dec
Bangalore-based MindTree Consulting will be inaugurating its Mahindra World City development centre in Chennai next month. Planned to accommodate a manpower strength of 2,500 when it is completed in 2009, 550 employees will be joining the first batch. Of this 400 would be handling IT services and the rest would be inducted into research and […]
