Patni Computer Systems announced financial results, reporting 9 per cent decline in net profit, for the period ended December 31, 2008.
Patni's net stood at Rs 483.01 crore in the reporting period, due to decline in demand in Information Technology segment under the impact of global slowdown, as compared to Rs 483.63 crore in the same period last year.
Patni Computer Chairman and CEO, Mr. Narendra K Patni said, "The effect of the global meltdown has been more than expected for everyone and this is impacting our business in the short run."
Bhubaneswar, Feb 12, : Union Human Resource Development Minister Arjun Singh on Thursday missed the foundation stone laying ceremony of the Indian Institute of Technology (IIT), Bhubaneswar in Orissa's Khorda District.
Singh could not come and the ceremony was held in his absence at Kansapada.
IIT, Bhubaneswar is among the eight new IITs that are to established in the country by the Human Resource Development Ministry.
The ongoing world financial crisis impacted PC sales with leading computer manufacturers Intel and AMD estimated about 40 per cent decline in PC sales in the quarter ended December 31, 2008.
Earlier, Manufacturers Association of Information Technology (MAIT) and IDC forecasted steep decline in PC sales, clearly due to decline in demand in IT segment under the impact of global slowdown.
Los Angeles - A law firm has released details of what was supposed to be a confidential 65-million-dollar payoff by Facebook to plaintiffs who claimed the social networking site was based on their ideas.
The payment was made by Facebook last year to smaller rival ConnectU, which had accused Facebook Chief Executive Mark Zuckerberg, a fellow Harvard University graduate, of stealing their ideas to create his site. The ConnectU founders claimed to have hired Zuckerberg while all were students at Harvard University to create a college dating site.
Taipei - Taiwan on Wednesday lent its support to the proposed merger of Japan's top producer of computer chips - Elpida Memory Inc - with three Taiwan firms, but said details are still being discussed.
Economics Minister Yin Chi-ming made the statement to the Central News Agency (CNA) after Japanese press reported that Elpida and the three Taiwan chip makers would clink the deal Wednesday.
Washington, Feb 11: Hate waiting for your bus? Take heart, for two University of Washington students have developed a new tool that can allow you to keep a track of the vehicle using a cell phone, iPhone or computer.
OneBusAway, created by Brian Ferris, a UW doctoral student in computer science and Kari Watkins, a UW doctoral student in civil and environmental engineering since a year, already helps bus riders in Seattle to keep tabs on their buses.
OneBusAway has processed 20,000 automated phone calls since June, and the Web site gets an average of 1,000 hits a day.
People have found out about the tool on blogs, from stickers posted at a few UW campus bus stops, from a mention in a Seattle magazine and by word-of-mouth.
Patni Computer Systems announced financial results, reporting 9 per cent decline in net profit, for the period ended December 31, 2008. 
Bhubaneswar, Feb 12, : Union Human Resource Development Minister Arjun Singh on Thursday missed the foundation stone laying ceremony of the Indian Institute of Technology (IIT), Bhubaneswar in Orissa's Khorda District.
The ongoing world financial crisis impacted PC sales with leading computer manufacturers Intel and AMD estimated about 40 per cent decline in PC sales in the quarter ended December 31, 2008. 
Los Angeles - A law firm has released details of what was supposed to be a confidential 65-million-dollar payoff by Facebook to plaintiffs who claimed the social networking site was based on their ideas.
Taipei - Taiwan on Wednesday lent its support to the proposed merger of Japan's top producer of computer chips - Elpida Memory Inc - with three Taiwan firms, but said details are still being discussed.
