Apart from the embarrassment, these "crazy blogs" - as companies term them - force India Inc to spend crores of rupees to repair the damage.
With India's two leading IT outsourcing companies, Infosys and HCL Technologies, vying to acquire the UK-based consulting firm Axon, SAP implementation is back in focus.
Eyeing to make 8 buys to meet their revenue guidance.
The Olympics have come a long way since the first one in Athens where athletes alone mattered. Over a century later, technology too is helping athletes at the 2008 Beijing Olympics games to smash records.
Talks have failed between the Dhoots of the Videocon group and Mahendra Nahata of Himachal Futuristic Communications Ltd to buy out the latter's 36 per cent stake in all-India mobile licence-holder Datacom Solutions.
Can security agencies arrest you if an e-mail sent from your computer implicates you in a case of cyber-terrorism? Currently, the answer appears to be "yes" despite the fact that e-mail IDs can be spoofed (faked) and IP addresses (your computer's identity when surfing) manipulated with ease.
The department of telecommunications has raised questions about the merger between Idea Cellular and Spice Telecom violating key clauses on intra-circle merger and mobile licence conditions.
The uproar against outsourcing work to Indian IT service providers has risen once again as Nielsen Co, the media company which signed a $1.2-billion outsourcing deal with Indian IT services provider Tata Consultancy Services last October and is facing strong criticism for announcing it, would lay off 117 workers this month at its largest global technology centre in Oldsmar, Florida. It has 1,700 employees at this facility.
Mark-to-market losses due to the unexpected fall of the rupee against the US dollar, euro and pound; the impact of wage increases in the first quarter; a stagnant global economy; and margin pressure owing to inflation are expected to impact the rupee-term fortunes of Indian IT firms that will declare their quarterly results for the April-June 30 quarter beginning this week.
The contentious issue of software patents is rearing its head again, both in India and globally. The Indian Patent Office, for instance, invited companies and institutions to comment on its Draft Manual 2008 - Patent Practice & Procedure (software patents included) this April.
The Aditya Birla group's wireless telephony firm Idea Cellular has agreed to buy Spice Communications in a three-stage deal in which minority shareholders of Spice would be given an option either to swap their shares for the Birla group firm or sell them in an open offer.
In another setback to software giant Microsoft, it will have to wait for "several months" before the International Organisation for Standardisation (ISO) can take a final decision on whether its Office Open XML (OOXML) file format will be an international standard or not.
The Finnish handset giant, however, has never been able to cope with the mystique that surrounds Apple CEO Steve Jobs' iPhone, which has been illegally imported and unlocked by hundreds of Indians -- corporate chiefs and celebrities included. Jobs has now announced a 3G version of the device with full global positioning system for just $199 (around Rs 8,400) for the 8GB model and $299 (Rs 12,600) for the 16GB version.
South African major to make open offer to RCom shareholders. The deal would create a telecom colossus with 115 million subscribers in 25 countries.
Idea Cellular's bid to acquire a controlling stake in the B K Modi-promoted Spice Communications has hit a pricing roadblock. Investment banking sources said that B K Modi had asked for Rs 70 a share for his 40.8 per cent stake in Spice, valuing the company at Rs 4,829.47 crore, but Idea is reluctant to pay that much."Any price valuing Spice Communications beyond Rs 4,200 crore would be expensive for Idea Cellular," said an analyst with a domestic brokerage.
Spice Communications, owned by billionaire B K Modi, may consider buying out Telekom Malaysia, its partner in the phone company, if the latter fails to come up with a stake-raising plan by June, a top company official said. Telekom Malaysia, South Asia's second largest telecommunications company, owns 39.2 per cent in the Indian company and was keen to increase it to 74 per cent, the upper limit for foreign direct investments in the Indian telecom sector.
The Indian Institute of Technology, Bombay, has taken strong objection to the fact that despite a "No" to OOXML by a majority of the Bureau of Indian Standardsmembers, the software giant "continued to make representations to the top Indian leadership (read Ministry of Consumer Affairs), pressuring them to change the Indian vote".
Even as India's external affairs ministry has reportedly assured Canada that the Department of Telecommunications is trying to resolve the issue of a potential threat to India's security posed by BlackBerry phones, Research in Motion, the makers of the phones, said it is committed to addressing all aspects of the issue.
Bharti Airtel Chairman Sunil Mittal's bid for telecom major MTN Group has to contend with some tough negotiations with Lebanon's former prime minister Najib Mikati, one of the wealthiest men in his country, as well as stiff black economic empowerment policies in South Africa that provide for a major share in the management of companies located in the country to blacks.
In the largest deal in the domestic information technology (IT) space, MindTree Consulting is set to acquire mid-tier outsourcing product development (OPD) and testing player, Aztecsoft, for around Rs 400 crore (Rs 4 billion). Both are Bangalore-based firms. Aztecsoft has over 2,200 employees and caters to the North American, European, Indian and Australian markets.
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