At least 19 people were killed and dozens injured on Monday as violent protests by youths rocked the Nepalese capital and certain other areas over the government's decision to ban social media sites, prompting authorities to deploy the army in Kathmandu to control the situation.
The former chief executive officer of American firm Computer Associates, Sanjay Kumar, has been charged with accounting fraud and obstruction of justice, the federal government has announced.
According to Computer Association of Eastern India (COMPASS) president Pawan Jajodia, 55 lakh PCs were sold in India in 2006-07 with Eastern region accounting for 15 lakh registering about 30 per cent growth in sales in the region. Jajodia said that there was a 15-20 per cent drop in prices of computer products, including PCs, pushing up sales all over the country.
CA Computer Associates India Pvt Ltd, which has an approval for setting up an infotech SEZ in Ranga Reddy district of Andhra Pradesh, has informed the commerce ministry that it is withdrawing its application.
Software major Computer Associates would hire several hundred more people over the next year to work on the core product of systems management in India, a senior company executive said on Monday.
A former chief executive of Indian origin was found guilty in an accounting fraud will pay about $52 million over two years to the victims, a media report said.
Sanjay Kumar, the former chief executive of Computer Associates International Inc, has pleaded not guilty on charges of a multibillion-dollar financial fraud levelled against him.
Andhra Pradesh Chief Minister N Chandrababu Naidu, who was instrumental in developing Hyderabad as a key information technology services destination in the country, is now embarking upon a mission to establish the state as an electronics manufacturing hub.
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