Chinese computer maker Lenovo has plans to launch sub-Rs 5000 smarphone in the Indian market to boost sales.

As the Chinese manufacturer has been suffering a steep decline in revenues from personal computers (PC), it is now trying to make up with bigger smartphone sales.

Nick Reynolds, Worldwide Product Marketing Executive Director at Lenovo, said, "We are watching the space because we know there are people who are upgrading from feature phones to smartphones, and that is a big trend in emerging markets today."

International Business Machines (IBM) has said that it has acquired Web hosting company SoftLayer Technologies for expanding its presence in the cloud computing market.

The company has also create a new division for clients interested in so-called cloud services in order o better compete with its rival in the global market. Company officials have not confirmed the terms of the deal between the two companies. IBM has been in talks since March to takeover SoftLayer and it is believed that the deal could be valued about more than $2 billion.

Datawind, which is the maker of affordable Aakash tablets, has emerged as the largest manufacturer of tablet computers in the Indian market during the first quarter of 2013.

According to the data from market research firm CyberMedia Research, the UK based firm become the largest maker of tablet computers in the Indian market even without the Akash tablet during the first quarter of the year. Datawind had about 15 per cent market share in the tablet market compared to Micromax that had about 12 per cent share during the first quarter of the year.

HCL Infosystem has announced the launch of its new HCL ME Connect 2G 2.0 smartphone cum tablet in the Indian market.

The phablet will be powered by 1GHz ARM Cortex A9 processor with 1GB DDR3 RAM and come with 4GB internal memory that can be expanded up to 32GB, the company said in a press release. The HCL ME Connect 2G 2.0 will run on Google Android Jellybean 4.1 OS and offers support for 11 local Indian languages and face recognition for locking and unlocking the device.

Lenovo has announced the launch of a host of new smartphones in the Indian market to expand its presence in the country.

The company said that it is launching new smartphones called K900, P780, S920, S820, A706 and A390 in the country. The Lenovo K900 was first displayed at CES earlier this year and it is powered by Intel's dual-core Clover Trail+ platform featuring the Intel Atom Z2580 dual-core processor clocking in at 2GHz.

A special committee entrusted with the task of evaluation investment proposals in computing giant, Dell has said that it is backing a buyout proposal by Silver Lake Partners and founder Michael Dell that offers $13.65 a share to the shareholders.

The backing of the proposal is a major setback for activist investor Carl Icahn, who has offered a deal with $12 a share special dividend. The special committee has written to the shareholders of Dell recommending them to vote in favour of Silver Lake and Michael Dell's takeover during the company's shareholder meeting on July 18, 2013.

American online retail giant, Amazon. com has released a series of new tools to attract more app developers to its Android App store in order to compete with Google Play in a better manner.

The new tools being offered by the company will allow the developers to track user engagement with their apps. A new tool called, Engagement Reports offers a range of metrics, including daily and monthly average revenue per device, average revenue per paid user for in-app purchases, user retention rates, number of active devices and sessions, and daily app installs and uninstalls collected from user devices.

China's second largest telecom gear maker, ZTE is increasingly focusing on the Indian telecom market for growth during the year.

ZTE India had generated total revenues of $ 700 million during 2012 but had recorded a loss of $400 million in the previous year. The company is looking to improve earnings this year and has recorded an increase of 35.9 per cent in net profits during the first quarter from January to March, 2013 in India.

XOLO might be planning to launch the new Q1000 smartphone in the Indian market to expand its presence and compete better with the rivals.

Some e-commerce sites have already listed the device with the Coming Soon sign even before the company has announced the device. The listing on the site said that the dual-SIM Q1000 will feature a 5-inch HD IPS display with 1280x720 pixels and it is powered by a 1.2GHz quad-core processor with PowerVR SGX544 graphics processor and 1GB of RAM.

Marissa Mayer, the Chief Executive Officer of Yahoo! is moving ahead with her plans to acquire blogging site Tumblr in a deal valued at $1.1 billion.

The outgoing Chief Executive Officer of chip maker, Paul Otellini has admitted that Intel has missed an opportunity to offer its processor inside the first iPhone.

Otellini said that Apple had approached the chip-maker to supply a chip for the iPhone but the two companies did not reach an agreement on the matter because of the difference on the price that Apple was willing to offer and the price estimates by Intel. He said that his gut feeling was to say yes and also expressed regret on the decision not to go ahead with the business deal with Apple.

Xolo has indicated that it is planning to launch its new Q2000 and the Play T1000 models in the Indian market soon.

South Korean electronics giant, LG has said that it is planning to launch a new LTE TDD enabled smartphones in the Indian market and five other countries within this year.

The company will also launch the device in China, North America, Japan and Australia during the year. LG had first begun working with the LTE TDD service in association with China Mobile at the Mobile World Congress (MWC) 2013. LG has said that it will first launch Optimus G smartphone in Saudi Arabia in association with Saudi Telecom Company (STC).

American online retail giant, Amazon is believed to be working on a new smartphone offering, which is dubbed, the 'Kindle Phone'.

According to new media reports, the smartphone might feature holographic display with a retina-tracker allowing users to see three-dimensional images without the need for special glasses. Experts have said that an entry into the smartphone market is a natural next step for the company after the Kindle Fire line of tablets proved to a worth competitor to Apple iPads.

Handset maker, Celkon is planning to launch its new smartphone called, A107 Signature One and a feature phone named, Celkon C779 models in the Indian market.

The new Celkon A107 Signature One comes with a 5-inch capacitive touch screen. It runs on Android 4.0 Ice Cream Sandwich and is powered by a 1GHz dual-core processor along with 512MB of RAM. The device comes with 512MB of internal storage out of which 105MB is accessible to the users.

Dropbox, a well-known Cloud storage company, has announced that it would host its first developer conference on 9th of July at Fort Mason in San Francisco.

The developer conference, which is being DBX by the company, will be used as a source to promote the Dropbox Platform.

Dropbox said in a blog post that the event would allow developers to meet other developers, engineers and designers, and share their ideas.

Researchers at New Mexico's Los Alamos National Labs have revealed that they have been running a so-called quantum Internet for the last two and a half years.

Quantum Internet is reportedly a form of Internet or communication that theoretically can not be hacked. Quantum cryptography industry will thus open opportunities to fully secure and reliable Internet connections.

Technology company, Wickedleaks has announced the launch of its new quad core 7-inch tablet called, Wammy Desire 2 in the already crowded Indian market.

The Wammy Desire 2 comes with a 7-inch Inter Plane Switching capacitive touch screen with a resolution of 1,280 x 800 pixels. The tablet comes in two versions; one runs  on Android JellyBean and another runs on the older Ice Cream Sandwich. The tablet is powered by a 1.4GHz Quad-core Samsung Exynos processor with 1GB of DDR3 RAM.

UK's technology firm, Datawind has said that it is ready to offer an upgraded version of Aakash 2 for a possible price of Rs. 2500 for supply of ten lakh devices.

The company recently announced that it has successfully completed the Aakash 2 project with the delivery of 1 lakh Aakash low-cost tablets to IIT-Bombay. The company said in a statement that Akash, which is the world's lowest cost computing access device, has been delivered to the educational institution with a one year warranty on the devices at Rs 2,263.

American online retail giant, Amazon has announced the launch of its popular Appstore for Android in the massive Chinese telecom market in order to attract more users in the country.

With the launch of the Appstore, Amazon has become the first US firm to allow Chinese users to download both free and paid apps in the country. The company is expanding its presence in China and some reports suggested that it surpassed Google in paid apps for local customers. Google Play store is currently only offering free apps in China.