Company News

Bharti Airtel Picks Comverse SMSC Router Network

Bharti Airtel Picks Comverse SMSC Router NetworkComverse, a supplier of software and systems enabling network-based billing and VAS, has made announcement that Bharti Airtel, India’s largest cellular provider, has deployed its SMS Router network in order to maximize network performance, handle speedily increasing SMS text messaging traffic and enable introduction of unmatched SMS-related services.

Bharti, which presently has over 80 million subscribers, said that Comverse SMS Router solution will help it to raise the effectiveness of their subsisting SMS infrastructure and improve service availability.

Bosch axes 250 jobs at Hungarian plant

Bosch axes 250 jobs at Hungarian plantBudapest  - The German engineering firm Bosch announced on Thursday that it is cutting 250 jobs at its largest Hungarian plant due to falling orders.

"Since the end of last year, Bosch's largest Hungarian automotive plant has been faced with ever smaller orders from its partners as a result of the crisis in the automotive industry that began last year," Zsuzsanna Kukaj, spokeswoman for Bosch Hungary, told the local news agency MTI

The job cuts will take effect in February. The number of shifts at the plant will be cut from four to three, Kukaj added.

Apple shares slump over Steve Jobs health fears

AppleSan Francisco - Shares of Apple opened sharply lower in US trading Thursday as investors worried that the company's performance would flounder without founder and CEO Steve Jobs at the helm.

Jobs announced he was taking medical leave until the end of June to deal with health problems that were more complex than he had earlier divulged. Investors were also concerned that Apple could face shareholder lawsuits alleging that Jobs' halting revelations about his health failed to meet the necessary standards of disclosure.

Apollo Tyres Plans To Cut Prices By 3-5%

Apollo Tyres Plans To Cut Prices By 3-5%To cheer demand amid softening raw material costs, Apollo Tyres has decided to cut product prices by 3-5 percent across categories for the second time in two months.

In a declaration, the tyre manufacturer said that the price cut will come into effect immediately.

In December 2008, the company had slashed prices by 4 percent, passing on to clients a reduction in a manufacturing tax.

Microsoft Mulls Over Job Cuts – A Report

Microsoft Mulls Over Job Cuts – A ReportAccording to people familiar with the company’s plans, Software giant
Microsoft is mulling over major job cuts across its various sections.

But,
plans for job cuts have not yet been announced, and the company
(Microsoft) could end up discovering suitable methods in order to cover
up costs.

A Microsoft representative declined to comment on hearsays related to job cuts.

During
recent weeks, it had also been rumored that the figure of potential job
cuts is expected to be far less than the 15,000 positions.

Bartz confirmed as the new CEO by Yahoo!

Bartz confirmed as the new CEO by Yahoo!  In the late afternoon on Tuesday, Carol Bartz, executive chairman of the board of Autodesk Inc. was confirmed as the new CEO of Yahoo! Inc. by the online company itself.

It has been learnt that Bartz will immediately start with the new role as CEO and a member of Yahoo!'s board of directors.

Via a statement, Roy Bostock, Chairman of Yahoo!'s board informed, “We are very excited to have Carol Bartz leading Yahoo! into its next era of growth. She is the exact combination of seasoned technology executive and savvy leader that the board was looking for.”

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