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SAP's Executive VP of database and technology, Steve Lucas, has reacted strongly to Oracle CEO Larry Ellison's swipe at HANA - the in-memory database server offering from SAP - in his keynote address at Oracle OpenWorld trade show.

While eulogizing Oracle's capabilities in public as well as private cloud computing, Ellison had - in his keynote address at Oracle's five-day annual trade show - described the company's newest 26TB Exadata X3 in-memory database server as the "world's fastest computer for business."

Commemorating the first death anniversary of the legendary Apple co-founder and former CEO Steve Jobs on October 5, the company's corporate home page - Apple. com - featured a video tribute to its iconic leader.

The video tribute was a well-thought-out amalgamation of Jobs' black-and-white photographs, and an audio which featured his announcements of Apple's popular devices - such as the iPhone - and his descriptions of Apple's corporate philosophy.

Within weeks of the launch of the much-awaited iPhone 5, Apple has reportedly run into a problem of sorts, with thousands of workers at Foxconn's iPhone-manufacturing Zhengzhou plant in central China going on a strike on Friday.

According to a Saturday report by rights advocate group China Labor Watch (CLW), it was on Friday afternoon that 3,000-4,000 employees at the Foxconn's Zhengzhou factory went on strike; thereby paralyzing the production of iPhone 5, which is already hit by supply constraints.

State-run Indian Oil Corporation (IOC) has raised 400 million Singapore dollar (US$326 million) loan by issuing of ten-year bonds denominated in Singapore dollar.

The flagship refiner-marketer priced the notes at 4.1 per cent yield, which is much better than 5.625 per cent that the oil company had paid for a US currency loan last year with a similar tenor.

As per the company, the deal made IOC India's first corporate that has successfully priced long-term bonds denominated in Singaporean currency.

Congress is hopeful that it will be able to convince the main opposition party, the Bharatiya Janata Party (BJP), on the issue of foreign direct investment in insurance and pension.

While the BJP has severely criticized the government's nod for opening of multi-retail sector and other reforms like cut in fuel subsidies, it supports FDI in insurance and pension "in principle."