Layoffs begin at Satyam, non techies first target-R s

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Wednesday, June 03, 2009
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The first phase of layoffs has started at Satyam Computer Services with trainers, HR and sales and marketing executives being asked to leave by Tech Mahindra, Satyam's new owner.
The continuous deferral of 3G spectrum auction has resulted in a loss of $16 billion, as per a study. The losses are incurred in terms of direct investments and notional productivity gains.
Though projected as a 'Technology Hub', semiconductor is one space, where India is yet to make its presence felt. Smaller countries like Taiwan and Malaysia have been the frontrunners in this sphere, while India has been lagging behind.
Microsoft said Tuesday that it will debut its new operating system Oct 22 as it seeks to block a growing challenge from Google, Apple, and the open-source Linux operating system.
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Formal approvals were Tuesday granted to eight more special economic zones in the country, including those from infrastructure majors Emaar MGF and Larsen and Toubro, both in IT-related sectors.
The annual per capita income in Delhi is twice the national average, Delhi Chief Minister Sheila Dikshit Tuesday said, citing the Human Development Report (HDR).
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Austin Ventures, one of the growing fastest venture capital firms, has announced an investment commitment of $ 50 million with to form a new software company named Brazos Software Corporation.
Foreign exchange firm Integral Development Corporation ( has raised $11 million investment led by the Adam Street Partners, one of the largest managers of private equity fund globally.
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