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Leading IT firm of the country CMC Ltd. has announced its first quarter financial results for the fiscal year 2010-11 and it has managed to post an impressive 66% rise in its net profit figure. CMC Ltd. is a subsidiary of software major Tata Consultancy Services.

The company has posted a consolidated net profit of Rs 46.44 crore for the quarter that ended in 30th June, 2010. The consolidated net profit was reported to be Rs 28.02 crore for the same quarter in the financial year 2009-10. This net profit figure has grown up by 65.73% in this quarter as compared to the same quarter in the last fiscal.

HTC soon will be offering six new smartphones in the latter half of the year indicating a boost in sales upto 8.5 million, as reported by Chinese-language Commercial Times.

It was further stated that the devices will come for the U. S. and Europe markets. Precisely speaking the industry sources claims that HTC will be releasing the HTC Vision in Europe later in the year (possibly October), which is an Android based device that is powered by dual 1.2GHz processors.

This is expected to come with another offering based on Windows Phone 7, named "Mondrain."

Android Market has attained 1 billion downloads in just two years of its launch, reports AndroLib.

This when compared to Apple come has more than 5 billion apps downloads since the store came up in 2007.

Google states that around 160,000 Android-based devices are being downloaded on a regular basis and are being activated daily, and similarly the Android Market continues to surge its path with 100,000 apps available.

According to the reports of Business Standard, comes the latest social media work policy designed for one of the India's top IT companies Infosys.

This policy will keep a tab on the leakage of sensitive information on open platforms such as Facebook and Twitter, and at the same time will see to it that none of the employees vent their grievances on this platform.

Hibuddy, a voice social networking and blogging service for mobile users comes from the Indiatimes platform.

It was further stated that the service comes in handy for the splurging mobile web users in India. One needs to call 58888199 in order to activate the service which means people can easily be able to connect via the service.

This service allows people to connect to other users over voice blog and at the same time come out with their verbal talents. Users who wish to go with this patterns aims to make it a C2C continuum.

Lava International, a mobile manufacturer launches its two new handsets B2 and B5 with Alpha Keypad in the Indian market.

The handsets are first of their own kinds, different from QWERTY keypad. Lava becomes the first mobile manufacturer of Alpha Keypad, in this keypad keys are arranged in the ABCD alphabetical order.

Company believes that Alpha keypad will make messaging and emailing better and easy.