Technology Sector

CA Appoints Saurabh Srivastava As Chairman For Its Indian Operations

CA Appoints Saurabh Srivastava As Chairman For Its Indian Operations  For its Indian operations, independent IT management software company CA has nominated Saurabh Srivastava as Chairman, effective from April 6, 2009.

Mr. Michael Christenson, President and Chief Operating Officer, CA made this declaration.

Bharti Airtel launches 16 Mbps broadband in India!

Bharti Airtel launches 16 Mbps broadband in India! Powered by Airtel's Carrier Ethernet Network, the fastest wireline broadband - based on optic fibre-based DSL technology, and offering a speed of 16 Mega bits per second (Mbps) - has been launched in Delhi by Bharti Airtel! A similar launch for Chennai and Bangalore is also on the cards in the near future.

Sun balks at IBM takeover price, conditions; IBM retracts offer

Sun balks at IBM takeover price, conditions; IBM retracts offer New York - IBM's takeover bid for Sun Microsystems collapsed over the weekend on disagreements over price and conditions of the deal, Bloomberg financial news agency reported Monday.

After Sun's board broke off the talks, IBM withdrew its offer, according to an unnamed person close to the deal cited by Bloomberg.

Sun balked not only over the price, but also over the absence of guarantees that the deal would go forward even if there were delays such as an antitrust review, the source said.

HCL-Xerox sign six-year transformation deal; HCL shares soar 8.18%

HCL-Xerox The bigwig information technology service provider HCL Technologies has signed a $100 million six-year transformation deal with document management firm, Xerox Corporation, for the outsourcing of data-center services. The two companies already entered into a partnership in November, according to which HCL would facilitate companies in the incorporation of Xerox's manage print services into their systems.

Satyam’s New Owner To Be Announced On April 13

Satyam’s New Owner To Be Announced On April 13Satyam Computer Services is ready to have a new owner on April 13.

Deepak Parekh, Satyman board member and HDFC Chairman, announced that suitors will now have more time to submit their financial bids for the company.

He said that the financial bids will be opened at 9 am on April 13.

Moreover, the winner will be declared on the same day.

Research In Motion posts stronger-than-expected fiscal fourth quarter profit

Research In Motion posts stronger-than-expected fiscal fourth quarter profitThe manufacturer of Blackberry smart phones – Research In Motion (RIM) on Thursday beat market forecasts, announcing stronger-than-expected fiscal fourth quarter profit. The Waterloo, Ontario based Canadian wireless device company, RIM reported that its revenue surged 84 percent in the fourth quarter, against the revenue in the same quarter a year ago.

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