India-based Kale Consultants has announced that its revenues for the three month period ended December 31, 2008 rose by 26% to Rs 251.27 million against Rs 199.87 million for the corresponding quarter of the previous year (Dec 2007).

The company has recorded a net profit after tax of Rs 14.79 million, up 79% as compared to Rs 8.26 million for the same period year ago.

According to sources, company's consolidated total income climbed 29% form Rs 286.78 million for the quarter ended Dec. 31, 2007 to Rs 368.66 million for the quarter ended Dec 31, 2008.

UK’s fourth major food retailer Morrisons has joined hands with Bangalore-based IT company Wipro Technologies for development of its subsisting IT systems and applications in order to support future growth plans.

Wipro Retail, a specialist division of Wipro Technologies, will deliver an operating model, which supports the strategic and commercial objectives of Morrisons, with 375 stores and annual turnover of £13 billion.

Both the companies have not disclosed the details regarding the size of the deal.

Financial Technologies, India has announced its financial results for third quarter on Sunday. The firm reported 53 per cent increase in net profit for the third quarter of current financial year. Its PAT stood at Rs 43.2 crore in the reporting quarter as compared to Rs 28.3 crore in the same period last year.

In a bid to cut costs and ensure adequate growth rate, internet giant, Yahoo Inc. has decided to freeze salary hikes of its employees for the financial year 2009.

The company, visibly upset over low revenue and falling profit, would also employ some other cost cutting measures to keep costs in line with revenues and to mitigate the impact of global slowdown on its business.

Friday saw a meeting between Microsoft Corp. CEO Steve Ballmer and the company's executives, where Ballmer expressed that the U. S. economy likely will not bottom out until about a year from now, and it will return to a slow growth-track only after a few years

Furthermore, the chief executive of the world's largest software maker made an effort to rally troops at the company-wide meeting but stood by plans to lay off up to 5,000 employees, or about 5 percent of the workforce. The company which announced its biggest-ever job cuts a day earlier thinks the decision taken by it is fine.

It might be a bit sad to know but the hard fact is that latest technology always takes over the old, making it completely extinct from the scene. In a similar fashion, rumors are spreading all around that the desktop computer might be killed if Google's service "GDrive" comes to the scene, which would let the users access their PCs from anywhere with just an Internet connection.

As of now, Google has not confirmed GDrive but it has been learnt that it might be launched this year. It is being seen as the most awaited product by Google so far.