Google expands its empire, acquires Angstro
Posted on 30. Aug, 2010 by ARK in Business
Search engine major Google Inc, buys Angstro, a site that aggregates information from social networking sites.
The products at Angstro will surely help Google to compete against the most popular social networking site, Facebook.
The co-founder of Angstro, Rohit Khare has already put a note on the website saying he had joined the Google. Angstro has [...]
SIFY to issue equity shares worth USD 86 million as preferential allotment to promoters
Posted on 29. Aug, 2010 by Latha B. Reddy in Business
SIFY Technologies Limited., the Indian leader in Enterprise and consumer Internet Services mulls on the idea of issuing equity shares as preferential issue to the promoters worth approximately $86 million.
The shares issuance that was proposed was around 125 million equity shares of Rs. 10 each whose purchase price will be Rs. 32 (includes premium of [...]
PepsiCo CEO stays off the race to succeed Ratan Tata as Chairman of Tata Group
Posted on 29. Aug, 2010 by Latha B. Reddy in Business
CEO and Chairman of PepsiCo Indra Nooyi has been talked about as promising successor to Ratan Tata.
However, Ms. Nooyi puts an end to all speculations by ruling herself out from the race to succeed Ratan Tata, Chairman of the Tata Group. She says she loves what she’s been doing currently.
When questioned about her linking to [...]
Bank of America Online Banking Service experiences snag and online services slow down across US
Posted on 28. Aug, 2010 by Allen Smith in Business
Online banking services on all branches of Bank of America experienced a snag for sometime during the day on August 27, 2010.
The service was restored say the Bank. Tara Burke, the representative for the Bank; however, said that the snag was due to temporary issue and that it’s been fixed. She did not inform the [...]
Paul Allen sues major technology giants
Posted on 28. Aug, 2010 by Allen Smith in Business
Microsoft co-founder Paul Allen mulls on suing big technology companies which apparently includes giants such as Google, Yahoo, Facebook, eBay, Netflix, Staples, Youtube, Office Max, Apple and Office Depot
Billionaire Paul alleges that these technology majors infringed on the four Web technology patents that are held by Microsoft’s Interval Licensing LLC.
The Interval Licensing LLC filed [...]
Drought coupled with wildfires and ban on grain exports push food prices to record high in Russia
Posted on 25. Aug, 2010 by Allen Smith in Business
The worst drought, and the recent wildfires have led to rise in the prices of basic commodities in Russia.
While the losses due to drought was estimated at $1 billion, its 3rd week in row prices have been soaring high, the inflation shows a 0.2% which is way too much than what it was prior to [...]
New home sales in US touch the lowest ebb since 1963
Posted on 25. Aug, 2010 by Murthy in Business
The July 2010 sales of new homes in US touched the ebb and set a slowest pace record. The sales of new one-family houses dropped 12.4 per cent equating to 276,000 units a year rate. This is the lowest level since the series started in 1963 according to the date provided by Commerce Department. The [...]
HSBC eyes on USD 6.8B stake in South Africa Nedbank
Posted on 23. Aug, 2010 by ARK in Business
UK-based HSBC Holdings PLC confirmed that it is holding talks with financial group Old Mutual PLC to buy and own major stakes in South African Nedbank Group Ltd; the deal is worth $6.8 billion.
The Old Mutual said that the discussions are on for sale of about 70 per cent stake in the Nedbank. Nedbank is [...]
Wipro Arabia wins Microsoft Large Account Reseller bid
Posted on 22. Aug, 2010 by Murthy in Business
The Indian IT major Wipro’s Middle East arm gets Microsoft (LAR) Large Account Reseller status in Saudi.
The Middle East arm of Wipro Limited, the Wipro Arabia Ltd., achieved the distinction of becoming Microsoft’s reseller partner for the Kingdom of Saudi Arabia.
Wipro Arabia, the Joint-Venture unit of Wipro Ltd in Saudi Arabia has been a leading [...]
Google buys shop visually site Like.com
Posted on 21. Aug, 2010 by Murthy in Business
Looks like, it has been a week of big acquisitions: Intel acquired McAfee, Facebook acquired Hot Potato, and no, it’s not the end to the week’s buying. Now it is Google turn and it buys the shopping site major Like.com.
Like.com is the shop visually store that sells retail products, especially accessories such as handbags, belts, [...]
