Venture capitalists and seed fund providers receive around 500-1,200 business plans every year. The trend continued even among the student fraternity. Venture firms such as Morpheus Venture Partners and Centre for Innovation, Incubation and Entrepreneurship that work closely with students and incubator centres have seen a spurt in activity.
With increased awareness and concern over unexpected events like the 26/11 terror attack on Mumbai, Ganesh mandals (organisers of the Ganapati festival) are seeking higher insurance cover. For instance, Mumbai's most popular mandal, Lalbaughcha Raja Ganesh Mandal, has bought insurance worth Rs 4 crore (Rs 40 million).
China has the world's largest online community with over 300 million users, many of who are believed to suffer from excessive use of chat rooms and online gaming.
Mushrooming app stores are offering a huge 70 per cent revenue to developers.
They also siphon money through 'work@home' schemes.
With innovative digital technology and powerful solutions, IBM is also ensuring that food is traced properly as it passes though an increasingly complex global supply chain.
Experts believe it will take another three to five years for Indian IT firms to move to a non-linear business model.
McKinsey, RBS postpone placements by three to six months
According to a web information company, Alexa, Google dominates the charts but Bing is already at 19th position with about 5 per cent of users from India accessing internet to visit Bing.
The additional step is the result of a Reserve Bank of India's guideline issued this February that mandates additional authentications/verifications based on information about the card-holder that is not contained on the card. This measure is expected to contain online card fraud.
Ram Shriram, founding investor and board member of Google, thinks the Indian government should focus on better Internet access to create a conducive business environment.
In a bid to reduce costs and increased offshoring focus, Tata Consultancy Services, India's largest information technology company, has recalled close to 1,200 employees from the US and has decided not to hand out any salary increment this year.
Google has launched a free voice-based mobile internet search facility in India that has been built entirely by the internet search giant's India engineering team. Currently available only to the estimated 400,000 Blackberry cellphone users, the company hopes to extend this facility to other handsets by the end of the year.
'Our visit gives us an opportunity to understand the culture of the country.'
So far, VCs used to fund start-ups which either had product prototypes ready or had some customers on board.
Nitish Mittersain, founder of Nazara Technologies, is among the few entrepreneurs who have remained unflappable in the current economic crisis. Having set up Nazara, a mobile entertainment company, right at the time of the dotcom bust, Mittersain claims to have sufficient experience to withstand this financial downturn too.
It stands for technology that helps an organisation to place its applications and data on the Internet.
IT majors like IBM, Sun Microsystems and Red Hat have shot letters to industry bodies -- Nasscom (for software) and MAIT (for hardware) -- and the department of information technology, protesting over the inclusion of clauses which allow for 'multiple standards' and 'royalty on software' versus a 'single' standard and 'free' software.
Tech Mahindra considered a couple of options -- keep the Satyam name or replace it entirely. But research said Satyam still reflected critical strengths that were recognised and valued by customers. "By combining it with the well-known and highly-regarded Mahindra name, we are able to convey a stronger message more credibly: that Mahindra Satyam has the resources, talent and resolve to ensure a steady performance," says T Hari, its the marketing and communications head.
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