On Monday, one of the Democratic source informed that Julius Genachowski, a technology executive and former classmate from Harvard Law School, has been chosen by Barack Obama, the new President of U. S. to lead the Federal Communications Commission.

The profile of Genachowski is quite impressive as the man served as chief counsel for former FCC Chairman Reed Hundt, the chairman under former President Bill Clinton, and held various positions at IAC/InterActiveCorp (IACI. O), as well as other technology posts.

The World Bank had banned Indian IT giant, Wipro Technologies on account of extending undesired benefits to its employees in 2007. The company would not able to do business with bank for four years till 2011.

Earlier, beleaguered IT service provider Satyam Computers was also banned to do business with WB following serious bribery charges. Hyderabad-based Megasoft Consultants has also been banned for four years on similar grounds.

New Delhi, Jan 13: Expressing concern over the Satyam Computer Services scandal, analysts have said that it has exposed serious shortfalls in corporate governance in India, and added that this must be addressed to ensure credibility in an increasingly globalised and competitive world.

Just three months ago, Satyam Computer Services received the Golden Peacock Award from a group of Indian directors for excellence in corporate governance.

Country’s second largest software services exporter, Infysos Technologies, on Tuesday announced a better-than- expected 14.5 per cent rise in profit in the October-December quarter.

Net profit rose to Rs 1641 crore, from Rs 1432 crore a year earlier. Income rose Rs 5786 crore versus Rs 5418 crore (corresponding year). Besides this, company’s earning per share was at Rs 28.63 as against Rs 21.47 a year ago. When compared to Rs 1,186 crore (Oct-Dec07), Infosys net profit grew 34.7% to Rs 1,598 crore (Oct-Dec08).

With the aim to attract more and more customers, Sony Ericson recently unveiled its W508 Walkman phone. The highlight of this set is that the users are allowed to mange their music via PlayNow arena, TrackID, Shake and Gesture Controls without any hassle.

The users are also allowed to personalize the phone with eight changeable style-up covers and SenseMe depending on the mood.

On Monday, it was revealed by World Bank that action against a total of five entities in India, including Wipro Technologies, and an individual has been taken. This comes in the scene when the controversy involving Satyam's debarment has also not vanished completely.

Besides offering improper benefits to Bank staff, these entities and individual were also found to have violated the fraud and corruption provisions of the Procurement Guidelines or the Consultant Guidelines. So the action against them was taken by the World Bank authorities.