The World Bank has decided to ban, India's top computer software services provider Satyam Computer, for eight years, starting from September this year. The company has been charged with the data theft and paying bribes to its staff for its vested interests. The bank has decided to snap all business ties with the computer giant, following a flood of complaints.
IT services firm Hexaware Technologies has appointed new heads for its business units and has strengthened its organisational structure and the management team.
The software exporter shall now focus on three specific business areas, banking, financial services and insurance (BFSI); travel and transportation; and Emerging verticals.
The Emerging verticals unit will concentrate the manufacturing and healthcare areas and the existing non BFSI and non travel and transportation activities at one place, for better management.
A new font has been developed by a Dutch company, which had been long looking for ways to reduce the environmental costs of printing.
According to the company, the new font cuts ink usage by about 15 percent. Basically the new font, dubbed as "Ecofont" has little holes in the letters.
The font was designed by Spranq, the Utrecht-based marketing and communication company, which struck on a Swiss-cheese design after failures with the earlier experiments using thin letters and partial letters - like the stripes of a zebra.
Company co-founder Gerjon Zomer said, "It turns out that it's necessary to preserve the size and outline of the letters to keep them readable."
The role of technology in supporting the counter terrorism and internal security efforts was highlighted today by the Prime Minister Dr Manmohan Singh.
The Chandigarh-based Compact Disc India (CDI), an integrated media and entertainment company, said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming.
The board of directors has approved the budget of $63 million.
Satyam Computers' controversial decision to buy two group-promoted companies and then reversing the deal within a few hours under pressure from investors may have put them in a soup as the government is understood to have ordered a probe to look into whether the company violated any corporate governance laws while entering into such a deal involving shareholders money.