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IBM and IIT join hands to develop future technology

Sat, 24/06/2006 - 14:44 by MT Bureau

The Indian Institute of Technology (IIT) in Bombay has signed a Memorandum of Understanding (MoU) with IBM Corp. for collaborative research, officials said Friday.

Oracle's Profit takes a 27 Percent Jump

Fri, 23/06/2006 - 15:10 by MT Bureau

San Francisco -- Business software maker, Oracle Corporation, announced on Thursday that its fourth-quarter profit has risen 27 percent on record revenue as sales surged across most of its business lines and geographic regions.

Nokia Cancels Sanyo Venture

Thu, 22/06/2006 - 17:07 by MT Bureau

Nokia, the world's largest mobile phone maker, and Sanyo Electric Co. have taken back their plans to jointly develop handsets for the main standard in North America and Japan, as the Finnish company plans to cut spending on the technology.

Univision's Sale; Still under Bid Controversies

Thu, 22/06/2006 - 12:02 by MT Bureau

Univision Communications Inc.'s plan to sell the company has recently received a setback and that is no less than a shock. Kohlberg Kravis Roberts & Co. and Blackstone Group LP have dropped out of the group planning to bid for the biggest U.S.

Aditya Birla group acquires Tata group's entire stake in Idea

Wed, 21/06/2006 - 13:15 by MT Bureau

Aditya Birla group (AV Birla group) yesterday declared it had concluded acquisition of Tata group's nearly 49% stake in Idea Cellular Ltd. for Rs 44.06 billion, putting an end to the high-profile corporate battle between the chief stakeholders in the telecom company, the Aditya Birla Group and the Tata Group.

Electronics Arts acquires online game developer Mythic

Wed, 21/06/2006 - 12:14 by MT Bureau

In an attempt to sustain its supremecy in the online multiplayer video game business, American developer, marketer, publisher, and distributor of computer and video games - Electronics Arts Inc. said after Tuesday's closing bell that it has agreed to acquire Mythic Entertainment.

Nestle buys weight loss product maker Jenny Craig Inc.

Tue, 20/06/2006 - 10:55 by MT Bureau

If you are under the possession of the modern world's twin obsessions - indulgence and guilt, then the international food giant has just the answer to how to get rid of it.

Nestle SA, the world's biggest Food and Beverage Company, said Monday it would purchase weight loss product maker Jenny Craig Inc.

Nokia and Siemens; The Next Big Merger

Mon, 19/06/2006 - 12:00 by MT Bureau

Nokia and Siemens AG have planned to combine their telephone equipment units in a deal which is valued at roughly 25 billion euros ($ 31.6 billion).

Seagate launches 10 new products

Fri, 16/06/2006 - 10:15 by MT Bureau

A major manufacturer of hard drives, Seagate Technology announced the launch of a lineup of hard drives and solutions meant for entertainment, consumer electronics and computing, and all designed to support the growing demand for digital content.

Dell Helps Michigan Agencies

Wed, 14/06/2006 - 14:26 by MT Bureau

Technology from Dell is now enriching the lives of citizens of Michigan and also helping state agencies to more efficiently provide vital human services such as child protection, adoption and adult placement.

Microsoft launches two new Webcams

Wed, 14/06/2006 - 12:42 by MT Bureau

Microsoft, on Tuesday, has announced a line of Webcams as the newest additions to its hardware line that, until now, has kept to keyboards and mice.

The newly launched pair of Web cameras - the LifeCam VX-3000 and LifeCam VX-6000 will be tied to Microsoft's Windows Live Messenger program for video messaging or calling. Live Messenger is presently in beta testing, and can be downloaded from the Microsoft Web site.