EMC Corporation, the information management and storage leader, on Tuesday said it will double its existing investment in India by 2010 from $250 million to over $500 million.
A move by Swedish telecom major Ericsson, the main implementation partner for Bharat Sanchar Nigam's (BSNL) disaster recovery (DR) program, to replace Sun Microsystems and EMC Corporation storage solutions with Hewlett-Packard (HP) products has kicked up a controversy.
Finance Minister Jaswant Singh on Wednesday cleared 30 foreign direct investment proposals worth Rs 130.25 crore.
Total cloud market in India, now at $400 million, is expected to reach a market value of $4.5 billion by 2015.
This is contrary to the BSNL technical committee's earlier approval to use the DR solutions of US-based Sun Microsystems and EMC Corporation. According to vendors close to the development, HP's DR solutions were not mentioned in the original purchase order issued to Ericsson, the main bidder.
Take a look at the 10 biggest IT deals ever.
Indian companies lost around $53 million (about Rs 328 crore) due to phishing scams with the country facing over 3,750 attacks in July-September this year, making it the fourth most attacked nation globally.
All the results from the I-League and ISL matches played on Thursday
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