Rolta Ltd has decided to acquire a template-based solution company, Piocon Technologies of Chicago. Piocon Technologies provide various operational solutions to the oil and gas refineries.
Piocon Technologies design the tools to deliver the operational excellence, reliable matrices and efficient solutions for data base management. The solutions are capable of handling equipment and operations from various sources of large refineries. It would help to achieve downtime reduction, inventory rationalization, optimization of crude selection and improved refinery planning.
Indian IT- ITeS segment is likely to register slowest ever growth rate since 2003 for the financial year 2009. Market research firm, IDC forecasts 13.4% growth rate of the technology sector in 2009. IT- ITeS market including hardware, software and services registered a growth rate of 17.3% in 2008 and generated revenue of Rs 1,01,031 crore. 
The Andhra Pradesh government is keeping a close watch on the developments in the Satyam group as the fate of the Rs 12,200 crore Hyderabad Metro Rail (HMR) Project has become doubtful due to the turmoil in the group. The anxiety in the government is obvious as set back to the project at this stage would blot Y S Rajasekhara Reddy’s administration. 
Satyam Computer Services would focus on core activities to try to restore the confidence of investors. It has asked to forget the previous developments and pledges to bring transparency in the system. The board of the company would meet on January 10, 2009 to discus all possible steps to boost the stakeholder's confidence. 
Recently, the set up of the Sun-IIT Delhi Centre of Excellence in e-governance at the IIT Delhi campus was jointly announced by the Indian wing of Sun Microsystems and the Indian Institute of Technology (IIT). 
Recently, RIM informed in a lawsuit that Motorola is making an adverse effort from keeping the BlackBerry maker from hiring the fired or soon-to-be fired Motorola employees. 
