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, [...]
Facebook acquires Hot Potato for USD 10 million
Posted on 21. Aug, 2010 by Latha B. Reddy in Business
Facbook buys social checking service Hot Potato to push itself further through location based service. Hot Potato confirmed the deal with Facebook and the money that exchanged in the deal was not revealed. There are rumors though that Hot Potato was bought for $10 million.
Hot Potato is a social checking service that enables people [...]
Chip maker Intel acquires security software maker McAfee
Posted on 19. Aug, 2010 by admin in Business
The Intel chips will henceforth come with security stamp from noneother than security software making behemoth McAfee.
It can be said as a monstrous move by the world’s largest chip maker, Intel Corp. as it announces acquisition of security software maker McAfee Inc., for a whopping $7.68 billion. If the deal is inked, it will be [...]
AP High Court grants bail to Satyam Ramalinga Raju
Posted on 18. Aug, 2010 by admin in Business
The Andhra Pradesh High Court grants bail to Satyam Computers former Chairman, Ramalinga Raju.
Raju is on trial for charges on his role in the multicrore scam that Satyam Computer Services Ltd. was involved. The Court granted bail to the former Chairman B Ramalinga Raju on health grounds. Mr. Raju was taken and admitted at NIMS [...]
World diamond trading group bans members trading Zimbabwe’s Maranje stones
Posted on 16. Aug, 2010 by admin in Business
One of the world’s largest diamond trading groups today said it will ban its members that will trade Zimbabwe stones.
The Zimbabwean stones come with the allegations of human rights abuses including soldiers killing 200 people, raping women and even enslaving small children.
The American-based Rapaport Diamond Trading Network has about 10,000 members in the network was [...]
Vedanta Resources in talks to buy 51 percent stake in Cairn India
Posted on 13. Aug, 2010 by admin in Business
Vedanta Resources enters into talks to get controlling stakes in the Indian subsidiary of Cairn Energy, the Cairn India. Valued at $13.6 billions, Cairn India is the 4th largest oil and gas company in India, as on August 11, 2010.
Vedanta is looking to buy 51% in Cairn India for $8 to $8.5 billion. Both Vedanta [...]
Jobs and industries will not go to India or China: Obama
Posted on 11. Aug, 2010 by admin in Business
No more jobs to China, India or Germany, says US President Barack Obama.
The President adds that America returned to its previous competitiveness and that there is no more threat from Indians, Germans or Chinese for jobs or industries.
At a Democratic Fund Raiser meeting, the President said that the Government had put in place an economic [...]
Skype files for IPO with SEC for USD100 million
Posted on 10. Aug, 2010 by admin in Business
Internet telephone giant Skype files for a public offer with the American regulators. The company expects to raise about $100millions through initial public offering.
Skype filed the S-1 statement with the SEC (Securities and Exchange Commission). Post IPO offering Skype will be trading on Nasdaq Global Market.
JP Morgan, Morgan Stanley and Goldman Sachs banks are handling [...]
Wine kiosks put on a trial run in Pennsylvania
Posted on 08. Aug, 2010 by admin in Business
Wine lovers can cheer at this news. Until now in Pennsylvania people can buy wine and/or liquor at only state-owned shops. The scene will change soon to something better.
There are a couple of wine-vending kiosks that are kept in supermarkets for a trial. All one has to do to buy wine from the kiosks is [...]
