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.”

One of the new directors of Satyam Computer appointed by the government, Kiran Karnik has expressed concerns over actual financial liability of beleaguered IT giant.

He said that it is difficult to arrange loans under current scenario and it will be difficult for the company to manage the expenses.

While speaking to NDTV, he said that the company has great talent pool which is able to restore its position in the market. The board of directors is working on various measures to get financial aid and to re-build confidence of investors and employees.

Leading IT exporter, Infosys Technology has announced to recruit around 27,000 professionals by March this year. The company seems encouraged from 33 per cent rise in profit in the third quarter of 2008-09.

Infosys also added new clients recently and has issued positive future guidance. Thus, more professionals are required to deliver efficient services to new and existing clients.

India's second largest software exporter Infosys reported 33 per cent rise in profit in the third quarter of 2008-09, which currently stands at Rs 1,641 crore.

Drop in billing rates, adverse conditions of financial market and currency fluctuations failed to stop company's revenue growth in the third quarter. Infosys, CEO, S. Gopalakrishnan said, "This is a very good performance, considering the difficult times we are in."

Government is likely to announce a special bailout package for beleaguered IT giant, Satyam Computers Services in few days.

The new Board of the company has reported that the IT major is not having enough of funds for salary pay outs and future of its 53,000 employees is hanging in dark.

Government has already appointed a board of experts who are working on many ideas to restore the image of Satyam Computer Services.

It was today announced by Microsoft, Intel, and Cisco that they are working together to help ensure that proper standards are created for measuring digital literacy.

The three companies are making an effort to bring together a group of education leaders and academics in order to identify the characteristics that should form the basis of global standards, though they haven’t come up with the assessment criteria themselves.