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Domestic News - January 2011 Infosys starts visiting campuses across country: report

Infosys Technologies has reportedly said that it has started visiting campuses of about 1,100 colleges across the country. The report stated that the company has given out offers to 20,000 students for the next year though the salaries at around Rs. 3.5 lakh a year remain the same as that of last year. The company will be announcing Q3 results on 13 January,

2011. TCS plans to set up Global Learning Centre in Kerala: report

Tata Consultancy Services is planning to invest Rs. 15bn for Global Learning Centre at the TechnoCity project in Kerala, according to a report.The report stated that the company has signed lease deed for 82 acres of land and paid Rs. 752.5mn as the initial down payment for the land in the Technocity project.TCS director and CFO S Mahalingam has

reportedly said that the centre would train and accommodate 15,000 employees at any time. iGate seals Patni deal at US$1.22bn iGate Corp. announced that its subsidiaries have executed definitive agreements to acquire a majority stake in Patni Computer Systems Ltd.. The transaction is valued at approximately US$1.22bn, including the mandatory open offer to the public shareholders of Patni. The transaction is expected to be completed in the first half of 2011. iGate expects the transaction to be accretive by 2012 on a cash earnings per share basis. iGate CEO Phaneesh Murthy said the consortium of iGate and private equity (PE) firm Apax Partners signed definitive agreements with the three founders of Patni - Narendra Patni, Gajendra Patni and Ashok Patni - to acquire their 45.6% stake, and with PE firm General Atlantic for its 17.4% stake. The deal will become "cash accretive" by 2012, on a cash earnings per share basis. To finance the deal, iGate will be taking on a debt of $700 million from Jefferies & Company, Inc. and RBC Capital Markets. Another $100 million will come from cash on its books. For the remaining, iGate has agreed to sell to Viscaria Pty Ltd, a company backed by funds advised by Apax Partners, $270 million of preferred stock convertible into common stock. TCS, Cognizant on hiring mode: report IT major Tata Consultancy Services (TCS) is planning to hire 37,000 professionals for its domestic and overseas markets throughcampus placements in the next fiscal, according to a report.TCS Head (Global Human Resources), AjoyendraMukherjee has reportedly said that the hiring ratio will be around 54:46 trainee andlateral respectively.The company had hired 27,500 professionals through campus recruitment last year, adds report.There are reports that Cognizant is planning to hire 25,000 professionals in calendar 2011.The report stated that Cognizant's global manpower pool is at 1 lakh, out of which some 8,000 techies work in Kolkata. Cognizant’s new focus would be on markets in West Asia, ASEAN countries, Australia and Japan, adds report.

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Wipro unveils management shakeup...Names new CEO The IT major Wipro Ltd has announced a management shake-up. Girish Paranjpe, Joint CEO (IT Business) and Director and Suresh Vaswani, Joint CEO (IT Business) and Director have resigned from the services of the Company and from the Board of Directors of the Company with effect from the close of business hours on January 31, 2011. Further, the Company has announced that, the appointment T. K. Kurien as CEO (IT Business) & Executive Director with effect from February 01, 2011. Azim Premji Chairman of Wipro, said, "We announced the appointment of TK Kurien as the Chief Executive Officer of IT Business and Executive Director, Wipro Limited effective February 1, 2011. The Joint CEO structure was one of the key factors that successfully helped us navigate the worst economic crisis of our times. With the change in environment, there is a need for a simpler organization structure. Kurien’s track record with customers, passion for excellence, coupled with strategic thinking and rigor in execution makes him uniquely positioned to lead Wipro through the next phase of growth." Infosys plans US acquisition: report Infosys Technologies has reportedly said that it is planning to acquire smaller government IT contractors in the US. The report stated that the acquisition would be anywhere between US$15mn and US$25mn. Tikona to acquire HCL Infinet HCL Infosystems India’s premier hardware, services and ICT systems integration and distribution company and Tikona Digital Networks Limited (Tikona) today announced the signing of the agreement on latter taking up the entire equity stake of HCL Infinet Limited, a wholly owned subsidiary of HCL Infosystems. The sale of shares is subject to and shall be given effect post necessary regulatory approvals. The move comes as a part of HCL Infosystems’ transformation strategy under which the company will be further strengthening its core business and expanding into identified growth areas. Wipro ex-CEOs...where will they go There are more opportunities in the Indian IT sector as within hours of resigning posts, various Companies like Korn/Ferry International, Stanton Chase, EMA Partners and Head Hunters India are looking to hire Wipro ex-CEOs Girish Paranjpe and Suresh Vaswani, according to a report.There are reports that various companies are keen to have Wipro ex- CEOs Girish Paranjpe and Suresh Vaswani as independent directors.Venkat Shastry, client partner (global technology markets) at Korn/Ferry International has reportedly said that the mid-sized technology and services companies like Tech Mahindra , L&T Infotech and Aricent have reached out to such leaders to accelerate their growth in the past. Phaneesh Murthy gets 2-fold raise in salary: report Barely two weeks after the Patni's acquisition, iGate President and CEO Phaneesh Murthy has received more than two-fold growth in his annual compensation package, according to a report. The report said the company has announced increasing Murthy's annual basic salary from the present US$530,000 mn to US$1 mn, which along with the annual performance-based bonus opportunity of US$500,000 mn makes the total annual package to US$1.5 mm.The company, in a filing to the US Securities and Exchange Commission (SEC), has announced that the increase in salary is effective retroactively to January 1, 2011, adds report. iGate receives IT notice: report iGate Corporation Ltd. has received income-tax notice to pay tax on pure onsite software development and work that involves deputation of technical manpower, according to a report.iGate has reportedly said that it is not involved in deputation of technical manpower (DTM) while agreeing that

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income from this activity is not eligible for tax benefits under Section 10A.The income-tax department has asked iGate to pay around Rs. 110mn for the assessment year 2007-08 categorising its business under four heads, adds report. Ex-Wipro CEOs to get Rs70mn as severance pay Wipro Ltd. announced that the Board of Directors of the company accepted the resignation of Girish Paranjpe, JT CEO (IT Business) and Director as a Board member w.e.f. 31st January, 2011 and agreed to pay a severance pay of Rs70mn, subject to applicable deductions, in addition to Director remuneration and stock based compensation. The Board of Directors of the company accepted the resignation of Suresh Vaswani, JT CEO (IT Business) and Director as a Board member w.e.f. 31st January , 2011 and agreed to pay a severance pay of Rs70mn, subject to applicable deductions, in addition to Director remuneration and stock based compensation.The joint CEOs stepped down on January 31, after being at the helm of the country's third largest IT company for over three years. Wipro decided to dismantle its joint CEO structure to go back to the single CEO model earlier this year. While naming TK Kurien as the new CEO, Wipro Chairman Azim Premji said that the company was going back to the single CEO structure as it wanted a leaner and more efficient organisation. The two CEOs also stepped down from the company's board on January 31 where they served as executive directors. Zensar Tech plans acquisitions in UK and US: Ganesh Natarajan Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies Ltd said, "The company is riding the wave of global economic recovery with excellent order booking and volume growth in all markets. Our center in Shanghai has commenced and we intend to add another center in India soon and one in Jordan or Egypt to support our Middle East expansion in 2011." Wipro expands operations in Middle East Wipro, the global IT services major and a leading provider of IT and business transformation services has announced that the commencement of its eleventh year of operations in the Middle East. After a humble start a decade ago, the company today ranks among the leading IT services players, enjoying a commanding position in key markets of the region. Wipro began operations in UAE and Saudi Arabia in 2001 and today has a presence spread across Sharjah, Abu Dhabi, Kuwait, Qatar, Al Kobar, Riyadh, Jeddah and Bahrain. With over 1300 employees servicing the region and 100 plus customers, the company has emerged as a strategic IT partner to some of the biggest names in the region. The company has two near shore development centers in the region at Dubai and Egypt to service customers in the Middle East. In Saudi Arabia, the largest market in the region, the company has a successful joint venture called Wipro Arabia Limited (WAL) between Wipro Ltd and Dal Al Riyadh for servicing clients in Saudi Arabia. Apple launches iPad in India...Starting Rs 27,990 All those Indians who dreamt of owning the Apple iPad can rejoice, as the US company has finally decided to market the most sought-after gadget in the world in India starting today. Gizmo lovers in India can visit the nearest Apple retailer (or iStore) and pick up the tablet device that has taken the technology world by a strom. What's more, the Apple iPad is available in India at an unbelievable starting price of Rs. 27,990. The standard version of the iPad (16 GB, wi-fi only) has been selling at Rs. 33,000 in the grey market and on online stores.In less than a year of its launch, Apple has sold nearly 15 million iPad units. The iPad launch was announced in the US exactly a year ago (January 27, 2010), and went on sale in April 2011.Apple will sell six versions of the iPad in India with storage capacities of 16 GB, 32 GB or 64 GB. One can either pick up iPad with Wi-Fi only or iPad with Wi-Fi + 3G.

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Infosys gets IT notice: report Income Tax Department has slapped noticed to Infosys Technologies Ltd with the tax demand of over Rs4.5bn, according to a report. Hexaware launches first Private Cloud using VMware vShield MindTree launches Contract Pricing Framework Hyderabad, Mumbai see strong hiring trends: Naukri Job Speak index TCS BαNCS launches mobile trading in India HCL Tech enters into alliance with Tangoe Intelenet to delist Sparsh BPO MINDTECK signs MoU with MIMOS eBay India launches mCommerce in India

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International News - January 2011 Worldwide IT spending to grow 5.1% in 2011:Gartner Worldwide IT spending is forecast to total $3.6 trillion in 2011, a 5.1% increase from 2010, according to the latest outlook by Gartner, Inc. In 2010, worldwide IT spending totaled $3.4 trn, up 5.4 percent from 2009 levels.Gartner has raised its outlook for 2011 global IT spending from its previous forecast of 3.5% growth. In 2010, the IT industry performed better than Gartner's previous forecast of 3.2 percent growth. Gartner analysts said currency exchange rate fluctuations have continued to affect the U.S. dollar denominated forecast. Of the 2.2 percentage point increase in IT spending growth in 2010, 1.6 percent is attributable to the recent devaluation of the U.S. dollar against other currencies. Facebook to start revealing financials by April 2012: reports Social networking giant Facebook will most likely start disclosing financial information to the public in about 15 months, as it hopes to surpass the 500 shareholders mark. A private placement document distributed by Goldman Sachs and accessed by The Wall Street Journal (WSJ) shows that Facebook may begin filing public reports of its financial performance by April 2012. The US-based financial newspaper reports that according to the Goldman Sachs memo, Facebook intends to cross a 500-shareholder limit this year, which could force it to begin publicly disclosing financial data as soon as early 2012. It might opt for an initial public offering (IPO) of its shares by that time, according to the WSJ report. But, there is no guarantee that the social networking company would sell shares to the public once it starts opening its books to the public. Facebook is generating profits at a faster-than-expected rate. The world's No. 1 Internet social network earned US$355mn in net income in the first nine months of 2010 on revenue of US$1.2bn, according to the Goldman Sachs document. Cognizant expands North American delivery Center Cognizant, a leading provider of business, technology and consulting services, has announced it is increasing its North American service delivery center capacity to accommodate continuing rapid growth. Cognizant recently crossed the 100,000 employee mark and continues to hire talent aggressively within North America as well as Europe, Asia, South America, and Australia. Google unveils changes in top management US technology giant Google reshuffled its top deck even as it posted a 29% jump in fourth-quarter net profit that comfortably surpassed Wall Street estimates. Eric Schmidt will step down from his role as Google's CEO in April. He will be replaced by co-founder Larry Page. Another co-founder, Sergey Brin will look after strategic projects, Google said, while current CEO Schmidt will assume the role of executive chairman. Schmidt will remain as an adviser to Page and Brin. Schmidt is 55 and roughly 20 years older than the co-founders. Steve Jobs going on medical leave Apple CEO Steve Jobs is going on a medical leave amid reports of deterioration in his health as he continues to battle a rare form of cancer and the effects of a liver transplant, according to reports. Shares in Apple fell 6% on the Frankfurt market after the company said that Jobs was granted a medical leave. US markets were shut on Monday on account of the Martin Luther King Jr. day. US stock futures signaled losses for benchmark indexes as the news of Jobs taking a medical leave spurred concern over the prospects for the maker of iPad, iPhone and Macintosh computer. The announcement may lead to a marginal decline in Apple's stock, which has rallied 319% since March 2009.

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Cognizant selected by Lilly to deliver Commercial Operations solutions Cognizant, a leading provider of consulting, technology, and business process outsourcing (BPO) services, announced that it has been selected by Eli Lilly and Company, one the world’s leading innovation-driven pharmaceutical companies, to deliver an end-to-end set of services to help Lilly’s U.S. sales and marketing operations be more effective, efficient, and innovative. Cyber criminals regionalizing operations to diversify fund distribution: Fortinet Fortinet a leading network security provider and the worldwide leader of unified threat management (UTM) solutions announced its December 2010 Threat Landscape report, which identifies a concerning evolutionary step cyber criminal operations are taking to more effectively diversify the distribution of their ill-gotten gains. CRM Software spending expected to see largest increase of all application software markets: Gartner Spending on customer relationship management (CRM) software is expected to see the largest increase of all the application software markets worldwide in 2011, according to a survey by Gartner, Inc. Overall, 31% of respondents expect an increase in application software spending in 2011.In comparing their 2011 fiscal budgets with 2010, 42% of survey respondents indicated that they expect to increase spending on CRM in 2011, compared to 39% on office suites and 36% on enterprise resource planning (ERP), which ranked second and third, respectively. Samsung sells over 10mn units of Galaxy S LinkedIn to go public in 2011: reports IBM shatters U.S. Patent record Intel Corp Q4 revenue at US$43.6 bn Microsoft shakeup continues: report Mark Zuckerberg Facebook Page reportedly hacked Cognizant helps global retailers successfully manage peak shopping season Microsoft Corp Q2 revenue at US$19.95 bn Gartner Highlights 10 critical myths and realities of Master data management

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Domestic News - February 2011 Shibulal may take over Infosys reigns from April Infosys Technologies Ltd is planning to replace its CEO in April as part of a re-organisation strategy, according to a report. The report stated that the company may ask SD Shibulal, one of its founders, to become the CEO of the company in April this year.There are reports that the majority of the board needs CEO transition to be separated.NR Narayana Murthy, chief mentor of Infosys, is expected to retire from the company in August this year, added report.The group HR head Nandita Gurjar has reportedly said that they will decide on a structure that will deliver high-speed to clients. The changes may be announced with the annual results if possible, adds report. Ramadorai appointed PM's advisor on skill development S. Ramadorai, Vice-Chairman Tata Consultancy Services, has been appointed Advisor to the Prime Minister in the Prime Minister’s National Skill Development Council in the rank of Cabinet Minister. The Council, which is headed by the Prime Minister, seeks to develop a strategy for skill development at the national level along with variations at the state level and formulate strategies to address the skill deficit. Mindtree shares fall as Ashok Soota steps down Shares of Mindtree Ltd. tumbled after Ashok Soota, Executive Chairman of the Company submitted his resignation to the Board of Directors. He requested the Board to release him as an employee and also as Executive Chairman / Member of the Board by March 31. "The decision is for the personal reasons. It is something i have thought about a few months and arrived at a well-considered conclusion. I will finalise and announce my plans for a new business venture, shortly after my departure from Mindtree," Soota said in a statement. The company's Board of Directors accepted Soota's resignation effective from March 31. The Board also decided that the new Chairman will be elected during a Board meeting in April. Reports also suggested that Soota was planning to sell his stake in the company. News of Soota's resignation caused Mindtree's shares to dip to a 52-week low of Rs. 442.5 on January 31 on the BSE. Ashok Soota holds 11.4% stake in Mindtree. Allied Digital plunges on disappointing results, I-T raids Shares of Allied Digital Services Ltd. slumped 20% after the company has posted poor Q3 results. The stock touched a 52 week low of Rs. 127.85. The stock touched 52 week high of Rs. 270.60 on 27 April 2010.For the quarter ended 31st December 2010, the company has posted net profit of Rs. 197.7mn as compared to Rs. 271.7mn for the quarter ended 31st December 2009.The company has posted net sales of Rs. 1758.5mn as compared to Rs. 1788.5mn for the quarter ended 31st December 2009.EPS stood at Rs. 4.25 as against Rs. 6.24 or the quarter ended 31st December 2009.Allied Digital is also under heavy selling pressure amid media reports that the Income Tax department has raided the Company's premises in Mumbai and Solan for alleged irregularities in financials. Ravi Venkatesan to step down from Microsoft India: report Microsoft India Chairman and Corporate Vice-President Ravi Venkatesan is planning to step down from the company, according to a report.The report stated that Venkatesan joined Microsoft seven years ago to head Microsoft's marketing, sales, operational and business development efforts in India.Earlier this year, Rajan Anandan quit as the country manager of Microsoft India, adds report. Infotech Enterprises in talks to acquire European aerospace company: reports

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Infotech Enterprises in talks to acquire European aerospace company. Krishna Bodanapu, President (Engineering), Infotech Enterprises stated that the company is in talks to buy aerospace services company in Europe for a consideration of approximately US$20 mn.The company is in talks with three-four companies in the aerospace sector valued of between US$10 mn and US$20 mn. The acquisition will bring high end competencies to the company's global aerospace practice. About 40% of the revenues come from the aerospace sector and the revenues are expected to grow by 26% during the fiscal. Wipro reorganizes IT biz to simplify structure Wipro Technologies, the Global IT business of Wipro Ltd., announced that it has realigned its organizational structure, in line with the changed business environment, to a simplified industry domain led business where Client Delivery, Sales and Profitability are aligned more closely with Strategic Business Units (SBUs). The changes aim to drive higher agility and customer centricity apart from reducing organization complexities, thereby driving better accountability. The Strategic Business Units (SBUs) have also been structured in a way that aligned industries in the value chain are consolidated under same SBU. Cognizant to invest US$500mn in India infrastructure Cognizant , a leading provider of information technology, consulting, and business process outsourcing services, has announced plans to further expand its real estate construction program in India. As part of the expansion program, Cognizant will invest more than US$500 mn through the end of 2014 to expand its owned campus footprint with the addition of over 8 million square feet, which will have the capacity to house over 55,000 employees.The real estate development program will create additional software development and training facilities in regions designated as Special Economic Zones in four cities: Chennai, Pune, Coimbatore, and Kolkata. In addition to the construction of owned facilities, Cognizant will continue to actively lease additional facilities throughout India to meet its future staffing requirements. TCS signs 5 year contract with UAE's integrated telecom service provider Tata Consultancy Services (TCS) has signed a five year contract with du – the integrated telecom service provider in the United Arab Emirates. As an IT Managed Services Partner, TCS will support du in its efforts to enhance customer excellence and service delivery levels. This agreement supplements du’s aggressive growth strategy and its continuous focus on enhancing the company’s capabilities in service delivery, enriching customer experiences, offering a better scope in developing and managing customer-centric products and services, besides creating more value for shareholders. Satyam Computer settles class action suit in US Satyam Computer Services Ltd. has announced that the Company has entered into a Stipulation and Agreement of Settlement (the "Settlement") with the Lead Plaintiffs in the putative class action filed against the Company in the United States District Court, Southern District Court of New York ("Court").The Company has agreed to pay to the Class members as consideration, U.S. $125 million, subject to The approval of the Reserve Bank of India and the determination of the Authority for Advance Ruling, and 25% of any net recovery that the Company may in the future obtain against any of the PwC-Related Entities The Settlement amount includes taxes, compliance costs, attorney's fees and expenses. Tech Mahindra strengthens its relationship with Microsoft Tech Mahindra has entered into an alliance with Microsoft Corp. to offer Business Intelligence (BI) solutions for telecom service providers. As a part of

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the initiative, Tech Mahindra will deploy Mahindra Satyam’s “iDecisions for telecom” onto a Microsoft platform which will enable both companies to offer customizable BI solutions to their customers. The BI solutions cover all major aspects of the telecom industry decision-making spectrum and would be available on a single platform consisting of Microsoft SQL Server 2008 R2, Windows Server 2008, SharePoint 2010 and Office 2010 with a defined roadmap to move this to a cloud-based offering using Windows Azure later this year Wipro Tech expands Canadian Operations Wipro Technologies has announced the inauguration of a new office in Mississauga, Ontario, as part of an expansion plan for its Canadian operations. This office will serve as Wipro’s Canadian headquarters as the company plans to intensify its focus on Canada, as one of the strategic geographies supporting Wipro’s growth.Wipro has been supporting customers in the Canadian marketplace since 1996. Expanding its presence through this new office in Mississauga, Ontario, will enhance Wipro’s presence and bring the company closer to its customers. Wipro’s intimate knowledge of the Canadian landscape combined with its global experience and insights will help it create and implement innovative solutions that help clients transform and achieve high performance. L&T Infotech selects InnerWorkings to deliver developer training Accenture opens delivery center for Technology in Kolkata ITC Infotech in strategic partnership with PTC Patni Computer clarifies reports on delisting plan Sparsh BPO Services to be delisted at Rs. 110/share NIIT announces strategic alliance with Zend Tech MindTree expands RUBIC Family of Business Intelligence Frameworks Wipro Infotech launches Rupee-Ready keyboard

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International News - February 2011 By 2014, notable project failures will cause 50% of organizations to shift their IAM efforts to intelligence:Gartner Organizations are rapidly shifting their identity and access management (IAM) efforts from a tactical focus on administration to a strategic focus on intelligence, according to Gartner, Inc.“The need to limit costs and deliver real world business results is forcing IAM professionals to take a more strategic approach to IAM,” said Ant Allan, research vice president at Gartner. “With this in mind, we have developed a set of key predictions for 2011 and beyond to aid chief information security officers (CISOs) and other IAM stakeholders when allocating resources and selecting IAM products and services.”According to Gartner, “By 2014, notable project failures will cause 50 percent of organizations to shift their IAM efforts to intelligence, rather than administration.” Dell Q4 revenue at US$15.7 bn Dell has reporter results for the fourth quarter ended 31st December 2011. Revenue in the quarter was US$15.7 bn and totaled $61.5 billion for the fiscal year, an US$8.6 bn or 16% increase from the previous fiscal year, including the impact of acquisitions. The company had its highest operating income in five years. GAAP operating income was $1.1 bn, or 7.3 percent of revenue. Non-GAAP operating income was $1.3 bn, or 8.2 percent of revenue. GAAP earnings per share was a record 48 cents; non-GAAP EPS was 53 cents. GAAP gross margin in the quarter was 21 percent and 18.5 percent for the year. Non-GAAP gross margin was 21.5% in the quarter and 19.1 percent for the year, the result of record profitability in the enterprise solutions and services business, lower component costs and strong commercial execution. Cash flow from operations was US$1.5 bn, and Dell ended the quarter with $15 billion in cash and investments. Google unveils online payment solution for publishers Google launched a service to make it easy for publishers to sell digital versions of newspapers and magazines. The move is in response to a similar plan launched by Apple. Google announced its plan to woo newspaper and magazine publishers in a blog post, a day after Apple rolled out a subscription platform for digital media sold through iTunes. Google said its new service, dubbed One Pass, allows publishers to sell content that consumers can view on websites as well as in specialised apps designed for smartphones and tablet PCs. Publishers can charge for content in a variety of ways, including subscriptions, metered access and sales of single articles. Synopsys announces new extensions to open source-licensed ITF Dataquest ranks Snapdeal.com, as no1 e-commerceretailer in India Dell closes SecureWorks acquisition Apple launches subscriptions on the App Store Omnesys Tech expands partnership with Dubai Gold and Commodities Exchange

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Domestic News - March 2011 What's in the Budget for IT? The Key announcements made for the IT sector:

MAT increased from 18% to 18.5% No extension of tax exemption u/s 10A & 10B (STPI) MAT to be levied on companies operating in SEZ Significant increase in plan allocation for education Positive for education Additional allocation of Rs5bn for National Skills Development Fund

Infosys faces tax, visa fraud charges in US: report Infosys Technologies American employee has filed a case against the Indian company accusing it of systematic visa and tax fraud to increase profits, according to a report.The report stated that in his 13-page complaint filed before an Alabama Court early this week, Jack Palmer alleged that Infosys sent lower level and unskilled foreigners to the US to work in full-time positions at its customer sites in direct violation of immigration laws. The report stated that Infosys was paying these employees in India for full-time work in the United States without withholding federal or state income taxes. Wipro scraps upfront payment for fresh graduates: report Wipro Technologies has scrapped the upfront payment of 75,000 towards employment bonds for new recruits, according to a report. The report stated that the fresh engineering recruits at Wipro were asked to make a payment of 75,000 while signing employment contracts. Like most IT firms, Wipro has also been grappling with high attrition after industry witnessed a return in demand in jobs last year, says report. There are also reports that the company has already made offers for 1,000 engineering candidates. Infosys, Tech Mahindra eye Telstra's back-office business deal: report Australia's largest telecommunications company Telstra is planning to offshore some of its finance, accounting and voice-related back-office processes, according to a report. Infosys and Tech Mahindra are competing with the HP and IBM for this deal, says report. Telstra spokesperson, Karina Keisler has reportedly said that they are in the market for a request for proposal (RFP) process for some back-of-house services, but no decisions have been made. Wipro Tech former joint-CEO in race for Microsoft India post: report Wipro Technologies Former joint-CEO, Suresh Vaswani, is among the front-runner for the post of Microsoft India chairman., according to a report. The report stated that Ravi Venkatesan had put in his papers last month. Suresh Vaswani has reportedly said that he is likely to take up a job in software product firms, as that is his area of expertise. Suresh Vaswani was the former Joint Chief Officer of Wipro’s IT Business and a Member of the Board of Wipro Limited. Infosys looking for acquisitions in health-care space: report Infosys Technologies Ltd has reportedly said that it is searching for acquisitions which specialize in providing health-care and government services. The report stated that the team has looked at about 150 targets, particularly in non-English-speaking markets. Infosys, L&T Infotech evacuate employees from Japan Due to severe crisis in Japan, various companies like Infosys and L&T Infotech has decided to call back employees. Infosys Technologies has said that it has decided to call back all the employees from Japan. It also said that the operations in Japan accounts for only a small part of its revenues and the impact from the recent natural calamity (earthquake and Tsunami) will be

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limited on the company. Infosys has stated that there are monitoring the situation closely. The company will continue to support our clients locally and from offshore locations till the situation stabilizes. L&T Infotech has also made arrangements to bring all the 185 L&T Group employees and their family members from Japan for a temporary period. Kingfisher Airlines has been contracted for operating a special flight on 17th March from Narita, Tokyo airport to Chennai, India. Mindtree bags SAP support deal in UK Mindtree Ltd has secured its first major SAP support deal in the UK having been selected by2e2, Europe's fastest growing ICT lifecycle provider, as a long term applications outsourcing partner, Mindtree will provide SAP helpdesk, support and development work for 2e2's Clients. Tridip Saha, Mindtree's head said,"This will increase Mindtree's reach and ability to service local requirements in the UK and perfectly complements and our experience of providing offshore expertise in SAP and other enterprise applications." Wipro board approves remuneration for T K Kurien Wipro Ltd. announced that its Board of Directors has approved the remuneration for T K Kurien who was appointed as CEO (IT Business) and Executive Director (CEO) with effect from February 1 for five years. Kurien will get salary in the range of minimum of Rs. 30mn per annum to a maximum of Rs. 100mn per annum. Salary will include periodic increments as may be approved by the Board. It will also include Variable Pay based on the performance criteria, leave travel allowance, commutation allowance, education allowance, leased accommodation, house rent allowance, company provided car with driver, furniture, PF, Gratuity, Other Retirement benefits, telephone at residence and other benefits from time to time as per Company's policy. In addition, the CEO shall be entitled to perquisites and allowances like Personal Accident Insurance and Group Life Insurance, club fees, medical reimbursement, annual health check up and insurance cover, leave with full pay and allowance as per Company's policy, grant of Restricted stock units, Employee Stock Option and other stock based compensation and other perquisites. Mahindra Satyam deploys Nimsoft Monitoring Solution Nimsoft has announced that Mahindra Satyam, a leading global business and information technology services company has deployed the Nimsoft Monitoring Solution (NMS) on its Unified Service Management Platform (USMP)―a managed services platform developed to optimize client infrastructure performance and service levels. Mahindra Satyam leverages the multi-tenancy and online reporting capabilities of NMS to provide mid-market and on-demand/managed hosting clients with cost-effective, enterprise-class monitoring services. NMS combines a highly-scalable cloud monitoring platform with customizable portals to help USMP meet the scalability, complexity and service performance requirements of its clients’ enterprise IT service demands. TCS eyes US$ 1 bn revenue from ‘iON': report TCS has reportedly said that it is planning to ramp up its customers base for its product meant for Small and Medium Business (SMB) to more than 1,000 by the end of current year. The report stated that the company is eyeing revenue to the tune of US$ 1 bn from ‘iON’ in next 5 years. TCS rolled out its fully integrated IT solutions for SMB using scalable cloud computing technology last month, says report. Hexaware launches HP Software Lab in Mexico TCS focusing on cloud computing: report Core Projects bags contract from Haryana Govt

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Intelenet Global signs 5 year outsourcing partnership with Tata Teleservices 3i Infotech to upgrade latest version of 3i Infotech’s Kastle Treasury solution Educomp adds 540 Schools under ICT implementation MindTree & Ashok Soota clarifies position on stake sale Saksoft, FICO to market solutions jointly in India

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International News - March 2011 50% of Data centers to incorporate high-density zone by 2015: Gartner The fastest-growing segment of the server market is the high-density blade sector, meaning that high-density zones will need to be incorporated into most data centers during the next five years, according to Gartner, Inc. Through 2015, 50 percent of data centers will have a high-density zone, up from fewer than 10 percent in 2010.Traditional data centers built as recently as five years ago were designed to have a uniform energy distribution of around 2 kilowatts (kW) to 4kW per rack. With the increasing use of high-density blade systems, this design envelope is no longer sufficient. Gartner analysts said that high-density zones will provide the best method to balance the power and cooling requirements of different IT equipment (servers, storage and networking boxes) in the same physical data center, leading to energy cost optimization. Apple unveils iPad 2 Apple introduced iPad 2, the next generation of its magical device for browsing the web, reading and sending email, enjoying photos, watching videos, listening to music, playing games, reading ebooks and much more. iPad 2 features an entirely new design that is 33% thinner and up to 15% lighter than the original iPad, while maintaining the same stunning 9.7-inch LED-backlit LCD screen.iPad 2 features Apple’s new dual-core A5 processor for blazing fast performance and stunning graphics and now includes two cameras, a front-facing VGA camera for FaceTime and Photo Booth, and a rear-facing camera that captures 720p HD video, bringing the innovative FaceTime feature to iPad users for the first time. Though it is thinner, lighter, faster and packed with new features, iPad 2 still delivers up to 10 hours of battery life that users have come to expect. Apple to drag Amazon to court over 'App Store': report Apple Inc has sued Amazon.com Inc. over its use of the phrase "App Store," accusing the online retailer of trademark infringement.Apple in a complaint filed n federal court for the Northern District of California has asked the court for an injunction stopping Amazon from using the name as well as unspecified damages, adds report. The report stated that the lawsuit comes as competition heats up between the two companies.There are reports that Apple and Amazon compete against each other in many businesses including e-books as well as digital music and movie sales. Google suffers legal setback A federal judge in the US struck out a 2008 agreement on copyright reached with the associations that represent authors and publishers. The judge ruled that the settlement circumvented copyright law and would further entrench Google's dominance on the web. He suggested that the parties revise their deal. Separately, Google claimed that China was once again interfering with its service in the country. A slew of Gmail users complained of problems. China has reportedly stepped up its censorship of the internet in recent weeks, after the uprisings in the Middle East and an anonymous campaign calling for a Chinese jasmine revolution. IBM announces US$38mn investment in Asia Pacific cloud computing Data Centre IBM has announced a US$38mn investment in a new IBM Asia Pacific Cloud Computing Data Centre in Singapore, which will provide businesses in India with solutions and services to harness the potential of cloud computing. The new facility will extend IBM’s globally-integrated cloud delivery network with centres in Germany, Canada and the United States; and 13 global cloud

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labs, of which seven are based in Asia Pacific – China, India, Korea, Japan, Hong Kong, Vietnam and Singapore. Novell and IBM deliver DB2 Software for SUSE Gallery and SUSE Studio Customers Seagate ships industry’s easiest to deploy 3TB desktop drive Yahoo and Nielsen launch 'Brand Impact' project Microsoft launches global developer contest H-P denies report that it plans to sell PC unit: report Oracle announces Oracle Application Development Framework Mobile Client Capgemini bags seven-year EUR 15 million contract from Danfoss Sify Tech announces partnership with SAUDI TELECOM Google execs get $8.9 mn in bonuses : report IBM plans to acquire Tririga: report Microsoft unveils Internet Explorer 9

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Domestic News - April 2011 Wipro to acquire SAIC's global Oil and Gas IT services business Wipro Technologies, the global IT business of Wipro Limited has signed an agreement to acquire the Global Oil and Gas Information Technology practice of the Commercial Business Services business unit of Science Applications International Corporation, for an all cash consideration of approximately US$ 150 mn, subject to adjustments. SAIC’s Global Oil and Gas Information Technology practice provides Consulting, System Integration and Outsourcing Services to Global Oil majors with significant domain capabilities in the areas of Digital Oil Field, Petro-technical Data Management and Petroleum Application Services addressing the upstream segment. Satyam, PwC to pay US$17.5mn to settle US probes into fraud Satyam Computer Services and its former auditor PricewaterhouseCoopers (PwC) have agreed to pay a combined US$17.5mn to settle probes into an accounting fraud by the Securities and Exchange Commission (SEC).The US securities regulator has reportedly said that Satyam have agreed to pay a fine of US$10mn towards settlement of charges of fraudulently overstating the company's revenue, income, and cash by more than US$1bn over five years.Separately on Tuesday, PwC agreed to pay US$7.5mn in record settlements of fraud-related charges by the SEC and the Public Company Accounting Oversight Board.Satyam did not admit wrongdoing and agreed to improve training and internal audits. PwC affiliates agreed not to accept new US-based clients for six months, and also agreed to improve training and auditing. From Mindtree to Happiest Minds Technologies Former MindTree Chairman Ashok Soota has announced the establishment of his new business company, ‘Happiest Minds Technologies Private Limited’, according to a report. The report stated that Ashok Soota envisioned Happiest Minds achieving US$100 mn worth of sales within five fiscal years of operationsHappiest Minds, which is expected to be formally launched for customer delivery in five months, would have six lines of businesses, namely IT services, R&D services, product engineering services, remote infrastructure management, testing and consulting, says report.Ashok Soota's has resigned as the Executive Chairman and Member of the Board of Directors of the Mindtree, effective from the March 31, 2011.Earlier he was the CEO of Wipro Infotech from 1984 to 1999.Soota holds a B.E. degree in electrical engineering from University of Roorkee and a MBA from the Asian Institute of Management in the Philippines. Genpact acquires Headstrong for US$550 mn: report India's largest BPO firm Genpact has acquired Noida-based IT services company Headstrong for US$550 mn,according to a report.The report stated that Genpact will pay US$300 mn in cash and raise debt for the rest of the amount. There are reports that there were also bidders including like Capgemini, IBM and HP in the race to acquire Headstrong.Genpact expects the transaction to be accretive to earnings per share on a GAAP basis in 2011, says report. I never aspired to be the CEO of Infosys: Mohandas Pai TV Mohandas Pai clarified reports of his resignation, saying that he was considering resigning for the last one year. He further added that fresh skills sets are needed for next phase of growth. “I have gone to being a shareholder and have never aspired to be the CEO of Infosys,” said Mohandas Pai. Earlier, speculation was that the succession plan may have prompted the move.TV Mohandas Pai is looking at a larger role in public life and the resignation has nothing to do with succession plan. This was clarified by S. Gopalakrishnan, CEO and Managing Director, Infosys soon after the results. Pai has decided to relinquish the position of Member of the Board and

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has requested the Board to relieve him of the responsibilities after the company’s annual general meeting on June 11, 2011.The Board of Directors considered and accepted the resignation of T. V. Mohandas Pai. The resignation is effective June 11, 2011, post the company’s annual general meeting. Ravi Venkatesan joins Infosys board The Board of Directors appointed Ravi Venkatesan as an Additional Director of the company, with immediate effect. He will hold office up to the date of the Annual General Meeting, when his appointment as a director will be placed for the approval of the shareholders.Ravi Venkatesan was the Chairman of Microsoft India; under his leadership from 2004-2011, India

became Microsoft‟s second largest and one of its fastest growing geographies. Prior to joining Microsoft, Venkatesan worked for over 17 years with Cummins Inc, overseeing its transformation into the leading provider of power solutions and the largest manufacturer of automotive engines in the country. Mohandas Pai resigns to accept Bangalore University's offer Mohandas Pai has agreed to co-chair the committee set up to form a new economics school at his alma mater Bangalore University, said a financial daily. Pai was quoted as saying that "I have accepted the offer from Bangalore University. I will be part of a committee that will look at setting up a school of economics. We want to create an institute on the lines of the London School of Economics." According to reports, Pai received a public offer from Bangalore University vice-chancellor N Prabhu Dev to set up a school of economics after he announced his resignation from Infosys and also stated that he would like to spend 30% of his time on education. T.V. Mohandas Pai, Member of the Board of Directors, and Head – Administration, Education and Research, Finacle, Human Resources, and Infosys Leadership Institute, has resigned from the board Infosys. Mohan joined Infosys in 1994 and has served as a Member of the Board since May 2000. He was the Chief Financial Officer from 1994 to 2006. Mahindra Satyam's relisting on NYSE may get delayed: report India Business Intelligence market to grow 16% in 2011:Gartner Hexaware upgrades revenue outlook for 2011 to a minimum of $295 mn:Atul Nishar Polaris enters Cloud Computing space through strategic investment in IdenTrust Wipro Technologies teams up with Knowledge Wharton

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International News - April 2011 CIOs should take steps to manage inherent risks and unexpected costs during cloud services revolution: Gartner The $820 billion IT services market is changing quickly and dramatically, as cloud computing and offshoring become mainstream, and CIOs should take steps to manage inherent risks and unexpected costs during the cloud services revolution, according to Gartner, Inc. During the next few years, market dynamics will determine whether cloud-enabled outsourcing will be the demise of traditional outsourcing, if it will lead to the convergence of services and products currently marketed "as a service," or if it will result in next-generation outsourcing. Nortel sells patents to Google for US$900 mn: report Worldwide smartphone sales to reach 468 mn units in 2011:Gartner Apple iPad 2 is top Consumer Reports tablet pick IBM signs agreement with Ester Industries Apple iOS to dominate media tablet market through 2015: Gartner Microchip Tech expands low pin-count 16-bit eXtreme Low Power PIC MCUs Nokia to transfer Symbian activities to Accenture DesignTech Systems to sell Siemens PLM Software’s solutions

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Domestic News - May 2011 Infosys plans to step up hiring in US, China: report Infosys Technologies Ltd has reportedly said that it is planning to step up hiring in the U.S., China and other overseas markets. The report stated that the company plans to hire as many as 1,500 workers in the U.S and will more than double the workforce in China in 18 months by adding a new campus in Shanghai. Tech Mahindra sets up BPO operations in Philippines Tech Mahindra Ltd has announced that it plans to set up BPO Operations in Philippines. The company has recently signed a multi-million deal, as one of the preferred BPO partners for strategic outsoucing with a leading full-service telecommunications company in the Philipines. Patni reconstitutes board post iGate deal Further to the purchase agreements entered into on Jan 10, 2011 to acquire a majority stake in Patni Computers, iGATE and Patni has announced the completion of the acquisition. Both iGATE and Patni will continue to exist as separate listed entities and will work together on an integration exercise with the advice of professional consultants and advisors. The two companies will operate on an independent basis and in the best interests of their respective stakeholders with a view to building value for both sets of shareholders.As a consequence of the acquisition, the Board at Patni has been reconstituted comprising of the following: Jai Pathak, who will serve as the Chairman of the Board, Phaneesh Murthy, CEO, Shashank Singh, Co-Head of Apax India and Göran Lindahl, Member of iGATE Board are the new directors with existing members Vimal Bhandari, and Arun Duggal continuing as independent directors.The Patni Board appointed Phaneesh Murthy, CEO, iGATE as the CEO of Patni. Consequently, Jeya Kumar has stepped down as the CEO of Patni. Employee files lawsuit against Infosys...US may review B-1 visa norms With regards to an employee filing a lawsuit, Infosys Technologies has reportedly stated that its business could be adversely affected if the US decides to restrict the visa programme. The report stated that US senator has submitted a letter to the US Secretary of State and Secretary of Homeland Security to review the B-1 business visa programme and investigate the manner in which it is being utilised by companies, including Infosys. Earlier this year, Infosys employee Jack Palmer had filed a lawsuit alleging that he was asked by the company to sign on documents and it was done to creatively' overcome H1-B visa caps.B-1 business visas are intended for short-term uses, such as consulting with business associates, attending business conventions or negotiating contracts, says report. Pramod Bhasin to step down as Genpact CEO Genpact Ltd. announced that effective from June 17, 2011, NV “Tiger” Tyagarajan will become the President and Chief Executive Officer of the company and will be appointed to the Board of Directors. Tyagarajan, the current Chief Operating Officer of Genpact, succeeds Pramod Bhasin who has decided to step down as CEO and member of the Board and become Non-Executive Vice Chairman of the company. “Tiger is a superb choice to lead Genpact to its next phase of growth and development,” said Robert Scott, Chairman of the Board. “To have someone of Tiger’s talent and experience ready for this role is a testament to Genpact’s deep leadership bench and the strength of its succession planning process. On behalf of the Board, I would like to thank Pramod for his vision, leadership and outstanding contribution that have built Genpact into a global leader in its industry. He will leave a significant legacy.” Tyagarajan was CEO of Genpact from 1999 to 2002 and led the business through a critical growth phase as a subsidiary of GE. When

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Genpact became an independent company, Tyagarajan rejoined Genpact from GE Capital U.S. as EVP, Sales and Business Development from 2005 to 2009. Thereafter, he took on the role of Genpact’s COO. Tyagarajan began his career with the Unilever Group in India, and then worked with Citibank, India. He joined GE Capital in 1994 and held a variety of leadership roles in both India and the U.S. until 2005. He is a mechanical engineer from the Indian Institute of Technology, Mumbai, and holds an MBA from the Indian Institute of Management, Ahmedabad. Infosys gets subpoena from US court on B1 visas Infosys Technologies Ltd has received a Subpoena from a Grand Jury in the United States District Court for the Eastern District of Texas. The Subpoena requires that Infosys provide to the Grand Jury certain documents and records related to the Company's sponsorships for, and uses of, B1 business visas. Infosys said that it intends to comply with the Subpoena and to cooperate with the Grand Jury's investigation.Infosys has said that its business could be adversely affected if the US decides to restrict the B1 visa programme.Earlier this year, Infosys employee Jack Palmer filed a lawsuit against the Indian IT major, alleging manipulation to overcome the H1-B visa cap. Mahindra Satyam eyeing to play major role in Qatar's IT transformation Mahindra Satyam has revealed its plans to play a major role in Qatar's IT transormation and meet the growing demands of the country's government, Oil and Gas, Infrastructure, Telecommunications and BFSI segments.A recent IDC report has identified these segments as large IT spenders, expanding the Qatar ICT market at a double digit CAGR to reach a value of USD 3.7 bn by 2013. The high IT spends posted by these industry verticals reflect the

country‟s move to diversify and increase the private sector‟s role and participation in the move towards development.In line with this, Mahindra Satyam is participating at QITCOM 2011, the Middle East regions biggest ICT event showcasing Qatars booming technology industry, which opens today, (May 24th), and will run until May 26, 2011 at the Doha Exhibition Centre. iGATE Patni announces new five-year contract with Serco iGATE Patni, the integrated technology and operations brand providing Business Outcomes based solutions, has announced that it has secured a five-year contract for the delivery of SAP-based operational, maintenance and support services to Serco’s existing and prospective customers. The exclusive contract commenced in December 2010 and will be in place until 2015. This announcement is in line with iGATE Patni’s strategy to build its business in the EMEA region through strategic partnerships.The partnership will include services such as support desk operations, ticket handling and user profile management. It will cover SAP ERP applications such as HR, payroll and financials. Serco will offer iGATE Patni’s expertise as part of a white labelled support and maintenance service to clients and under the terms of the contract will not provide SAP services via any other outsourcing partner. 82% airlines on course for SIS compliance: Kale Consultants Spanco signs Share Subscription agreement with Spanco Power Forrester cites TCS as a Leader in Global IT Infrastructure Outsourcing report Wipro’s Tarang Lab to collaborate with CSA Group Ybrant Digital unveils new Facebook 'Quality Control Center' Subex bags deal from European Mobile Solution Provider

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Nandan Nilekani picks up stake in Dhanlaxmi Bank: report Serco Group in talks to acquire stake in Intelenet Global: report UBI selects Cisco and Wipro to deploy Wide Area Network Optimization Solution Wipro Infrastructure Engineering signs agreement with CESA L&T Infotech Launches MoST-i framework Polaris Software to implement Intellect Core Banking System in RBI Wipro announces strategic partnership with Nucleus Software Mastek signs strategic framework agreement with FSA ITC Infotech partners with SAP

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International News - May 2011 Intel announces new breakthrough chip Intel announced that it was ready to use its 3D Tri-Gate chip, first unveiled in 2002, in high-volume manufacturing. The company said that its 3D chip would usher in "the next era of Moore's law". The structure it has invented is called Tri-Gate and will be first used in chips manufactured using the 22-nanometer process, nicknamed Ivy Bridge. Continuing along the path of Moore's Law would have been tough unless something changed dramatically, said Intel Senior Fellow, Mark Bohr. The new structure allows Intel to manufacture smaller, faster, and lower-voltage chips and put them into even smaller devices. In addition to the lower voltage, the chips will run with lower power leakage, which should improve both performance and energy efficiency. But, ARM Holdings played down fears that a revolutionary chip breakthrough by Intel will take a bite out of its future earnings. The UK group, which designs microchips for Apple other smartphone makers, tumbled on Thursday before recovering. China's social networking firm sparkles on US debut Renren, China's biggest social-networking site, raised US$743mn in its IPO in New York, the latest in a string of share offerings by Chinese technology companies in the US. Renren, China's biggest social-networking website by page views, surged in New York Stock Exchange trading. The Beijing-based company sold 53.1 million American Depositary Receipts at US$14 each, the high end of the proposed range, according to a company statement. Shares of Renren rose as high as around US$22, or almost 56.6% above its IPO price before closing at around US$18. Renren recorded net revenue of US$76.5mn in 2010 and about 117 million activated users as of March 31st, 2011. Microsoft in talks to buy Skype for US$8.5bn Microsoft Corp. is planning to acquire Internet-phone provider Skype Technologies SA in a deal worth around US$8.5bn (including debt), according to The Wall Street Journal (WSJ).The WSJ report states that the talks are still underway and an agreement could be announced.Microsoft and Skype declined to comment for the report, the newspaper said.Microsoft's last significant deal was the takeover of online advertising group aQuantive Inc. in 2007 for around US$6bn. Skype was set up in 2003 and is based in Luxembourg. It is owned by a group led by investment firm Silver Lake. The group also includes eBay Inc. and Skype founders Niklas Zennström and Janus Friis.In 2009, eBay sold a majority stake in Skype to a group of private investors for about US$2bn. EBay had originally acquired Skype in 2005. LinkedIn to raiseUS$271mn in IPO LinkedIn Corp. said it plans to sell 7.84 million sharesat an estimated price range of US$32 to US$35 a share in its upcoming initialpublic offering (IPO) of common stock. The IPO will raise proceeds of aboutUS$271mn. With total Class A and Class B common shares outstanding of 94.5million, LinkedIn will carry a market capitalization of about US$3.3bn, basedon an IPO price of US$34.50 a share. The IPO will trade on the New York StockExchange under the symbol LNKD. Morgan Stanley and BofA Merrill Lynch are underwritersof IPO. Microsoft denies Intel claims: reports Microsoft has denied statements made by Intel executives about Microsoft's plans for Windows 8 on ARM processors, according to a report. Intel chief executive Paul Otellini has reportedly talked dismissively of computers based on the ARM processor and also claimed that Microsoft would have four versions of Windows on ARM. Intel statements about Microsoft's plans for the next version of Windows were factually inaccurate and unfortunately misleading, Microsoft reportedly said.

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Worldwide mobile communication device sold 427.8 mn units in Q1 2011: Gartner Worldwide mobile communication device sales to end users totaled 427.8 million units in the first quarter of 2011, an increase of 19% from the first quarter of 2010, according to Gartner, Inc. Smartphones continued to outpace the rest of the market, and a newly competitive mid-tier smartphone market will drive smartphones into mass adoption and accelerate this trend. Overall, the earthquake and tsunami in Japan will have a smaller effect on the mobile communication devices market than initially anticipated. There is currently about six to seven weeks worth of inventory of finished products in the channel and about four weeks worth of inventory for components. Gartner estimates that manufacturers' sales into the channel will drop in the second quarter of 2011, while sales through to consumers will be flat. Microsoft hedge fund investor wants Ballmer to go Microsoft shares rose after large shareholder David Einhorn called for CEO Steve Ballmer to step down. Microsoft CEO Steve Ballmer should step down from his position, the well-known hedge fund investor said. Einhorn, the manager of the Greenlight Capital fund, said that Ballmer, who has been Microsoft's CEO since 2000, should give someone else a chance. "His continued presence is the biggest overhang on Microsoft's stock," Einhorn said at an investment conference, according to reports. Ballmer has been at Microsoft since 1980 and was the first business manager hired by co-founder Bill Gates. Ballmer is being criticized as Redmond, Washington-based Microsoft loses market share to Apple and Google in mobile phones and Apple’s iPad takes sales from personal computers running Microsoft’s Windows. During Ballmer’s 11-year reign as CEO, shares have declined more than 50%, even though sales have more than tripled and profit has risen 141%. Accenture , Accenture Foundations awarded Plan Intl grant of US$1.93 mn IBM announces general availability of Virtual Desktop Salesforce.com Introduces Jigsaw 2s Gulf Oil Corp selects IBM servers and storage technology Dassault systèmes to distribute Gehry Technologies' Digital Project Gartner identifies five ways to migrate applications to the cloud Salesforce.com forms strategic alliance with Toyota Motor

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Domestic News - June 2011 TCS plans to increase N Chandrasekaran's salary by 40%:report Tata Consultancy Services is planning to increase the salary of its CEO and Managing Director N Chandrasekaran by 40%, according to a report.The report stated that the company's board has increased the salary limit to Rs. 10 lakh per month with effect from April 1, 2012.The board will fix his salary within the Rs. 10 lakh per month limit at the company's annual general meeting next month, says report.There are reports that in FY 11 Chandrasekaran's salary stood at Rs. 60.9 lakh. Wipro Tech wins engagement with Chaucer Syndicates Wipro Technologies has won an engagement with Chaucer Syndicates, a specialist insurer at Lloyd’s, the world’s leading insurance and reinsurance market, to deliver a data warehouse and associated Extract, transform and load (ETL) solution to ensure compliance to meet the upcoming Lloyd’s 10 day reporting and management reporting requirements within Chaucer’s Solvency Smart Programme for Solvency II compliance. The engagement will develop an end-to-end regulatory compliance solution that will generate better analytics and improved management reporting for Chaucer. The scope of the engagement is an end-to-end solution including process analysis and definition. Wipro will be the sole vendor to deliver this capability. The delivery of this solution is closely integrated with the Finance & Actuarial Transformation initiative and overall Solvency II Smart Programme, currently running at Chaucer. Infosys and Gen-I announce strategic partnership Infosys and Gen-i announced a strategic partnership that will create a new choice forAustralasian enterprises seeking local expertise and commitment, as well as global best practices and capabilities in IT services including IT consulting, business transformation and cloud-based offerings. The partnership creates a new market proposition for local businesses by helping them to transform for competitive advantage, with newways to innovate, reduce costs and increase the effectiveness of their people,processes and technology. As near-shore delivery from New Zealand for Australian clients and global delivery headed by local management are among the joint growth strategies planned, the partnership also has significant potential to further grow New Zealand-based technology jobs. iGATE Patni top Healthcare R&D Service Provider list: Zinnov iGATE Patni has been positioned in the ‘Leadership Zone’of Zinnov Zones, emerging as the No. 1 Global R&D Service Provider in theHealthcare vertical in a study conducted by Zinnov Management Consulting. iGATE Patni was also ranked No. 2 in theIndustrial Automation vertical and was awarded an overall No. 3 ranking in the‘ Global R&D Service Providers Rating’. Additional strengths as highlightedin the study include the company’s play in automotive, computer peripherals& storage, consumer electronics, ISV and transport. KPIT Cummins gets nod to acquire IT service provider: reports KPIT Cummins reportedly got nod from its board of directors to acquire IT service provider Systime Global Solutions.The company said that the board of directors has approved purchase 50% of the equity and preference shares of Systime Global Solutions which focuses on IT Company Oracle's solution J D Edwards practice.The company will purchase these shares for Rs. 1.03bn. KPIT will acquire the remaining 50% of the equity and preference shares over a period of three years, at a price which will include a certain fixed and variable consideration. Mahindra Satyam and Saab in strategic pact for India Technology Center

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Defence and security company Saab AB, further to the intent declared at Aero India in February 2011, has entered into an agreement with leading Engineering & IT services organization Mahindra Satyam to establish Saab India Technology Center (SITC). This decision strengthens the already strategic relationship between Saab and the Mahindra Group.The aim is to increase development inIndiain terms of identifying concrete programs and technologies for SITC. The center will provide a secure platform to facilitate development of aerospace & defence projects inIndia, supporting the establishment Saab is pursuing. India presents a huge opportunity for Saab across their business areas Aeronautics, Dynamics, Electronic Defense Systems and Security and Defence Solutions. IBM ranks No 1 in India external disk storage market in Q1 IBM announced that it emerged No 1 in the India External disk storage market in revenue terms in first quarter (Q1) of 2011, according to IDC’s Asia/Pacific Quarterly Disk Storage Systems Tracker, Q1 2011, May 2011. With 28.2% revenue market share, IBM was the fastest growing Top 5 external disk storage vendor in India in Q1 2011, gaining 6.9 percentage points share on a year-on-year basis.Extending the leadership position in Q4 & CY 2010 into Q1 2011, IBM had 8 percentage points lead in comparison with its nearest competitor in revenue terms in the external disk storage market in Q1 2011. The overall External Disk storage market in India grew 16% year-on-year in Q1 2011.“We are investing both through acquisitions (like: XIV) and R&D (like Storwize V7000, SONAS) to drive innovation in key storage technologies across software and hardware.” said Sandeep K Dutta, Vice President - Storage, Systems and Technology Group, IBM India/ SA. Mindtree jumps on block deal...Ashok Soota pares stake Mindtree shares surged on Thursday after 22 lakh shares of the mid-sized IT services firm changed hands at Rs. 428 a share on the NSE. The shares of Mindtree closed at Rs. 392, up by Rs. 31 or 8% as against the previous close of Rs. 361. It had earlier opened at the day’s low of Rs. 364 and high of Rs. 426, stating the volume of total traded quantity at 5,27,028 lakh shares on the BSE. On the NSE, the stock price touched a high of Rs. 430. About 5.5% equity stake of Mindtree is believed to have changed hands in Thursday's block deal. Reports said that former Mindtree chairman Ashok Soota sold part of his 11.4% stake in the company. Soota left Mindtree in January and started a new venture.Soota's stake was picked up by Cafe Coffee Day Group owner VG Siddhartha's Global Technology Ventures, which already holds 6.12% stake in Mindtree. Siddhartha is an existing member of the Board of Directors. Satyam's US relisting possible by year-end Mahindra Satyam, formerly known as Satyam, has reportedly said that it should comply with U.S. accounting standards in September or October for a U.S. stock-market relisting, according to a report.The report stated that the company delisted in September 2010 after being unable to meet a deadline to prepare financial statements under U.S. accounting standards.In April, Satyam agreed to pay $10 mn to settle charges from the U.S. Securities and Exchange Commission that it fraudulently overstated its revenue by $1 bn for over five years, says report. Hexaware bags US$ 25+mn order in Europe TCS BαNCS Unveils Next-Generation treasury solution NucleusSoftware partners with Gantek in Turkey Mastek UK, signs a Multi-Year Framework Agreement Datamatics acquires Vista Infosystems

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Wipro Technologies announces new leadership for BPO Cerebra to acquire 51% stake in Geeta Monitorss Four Soft signs deal with Logistics Dynamic...Stock spurts CSC announces strategic partnership with NIIT and Siemens MindTree enhances SITA’s flight planning system

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International News - June 2011 Worldwide ECB disk storage market grew 14.1% in Q1 2011: Gartner Despite economic woes in North America, Europe, the MiddleEast and Africa (EMEA) and Japan,the worldwide external controller-based (ECB) disk storage market exceededexpectations and totaled $5 bn in the first quarter of 2011, according toGartner, Inc. This is a 14.1 percent increase from revenue of $4.4 bn in thefirst quarter of 2010.The Asia/Pacific and Latin America regions grew 28.9percent and 15.9 percent, respectively, followed by North America at 12.9%,EMEA at 12.3 percent and Japanat 5.8 percent. With 30 percent year-over-year growth, the deployment offile-access ECB disk storage systems shows strength in general-purposeenterprise infrastructures, as well as disk-based backup and archiving. Cognizant inks pact with MIT Center for Digital Business Cognizant has entered into a three-year agreement with theMIT Center for Digital Business (CDB) to fund research on the impacts of newtechnologies in the communications, information, media and entertainment (CIME)industries. The research program will focus on “Trends in Technology, Work, andLeadership Development in the CIME Sector: Emergence of the Social Workplace.” Facebook to unveil IPO in Q1 2012: reports Social network titan Facebook is likely to launch its much-awaited initial public offering (IPO) of equity shares early next year, and could be valued at more than US$100bn, according to reports.A leading business television network on Monday reported that Facebook will most likely launch its IPO in the first quarter of 2012. The timing of the Facebook IPO could hinge on the SEC regulation that directs US companies to start publishing financial data once they cross 500 investors, according to the report.In documents shared with prospective investors in January as part of a US$1.5bn funding, Facebook said that it expected to have 500 or more investors before the end of this year. Verizon expands Global Telepresence reach Verizon is extending the range of its immersive video, or telepresence, offering to enable virtual face-to-face collaboration in more locations around the world, under a new agreement with Tata Communications. The agreement enables meetings to take place between Verizon’s telepresence customers and any public or private telepresence room on the Tata Communications Global Meeting Exchange, which is one of the broadest telepresence networks accessible today and a gateway to the company’s public room network spanning 31 cities on five continents. This will supplement Verizon’s telepresence offering powered by its expansive global Private Internet Protocol Network service. Similarly, Tata Communications telepresence customers can use Verizon’s facilities to communicate with Verizon customers. Marketing vendors to develop apps for iPad by 2016: Gartner By 2016, 50% of all major marketing automation vendors will develop applications specifically for Apple's iPad, according to Gartner, Inc. As more consumers purchase and use media tablets, such as the iPad, they are becoming increasingly prevalent in the workplace and enterprise vendors are responding accordingly. "The initial use of iPads and tablets by marketers will be the extension of existing marketing applications, such as campaign management and marketing resource management (MRM) functionality, to be supported by the device, either disconnected or connected to the network and home-based application," said Kimberly Collins, managing vice president at Gartner. "By 2014, 65% of major marketing automation vendors will extend 25% of their functionality to the iPad. MRM vendors will lead this

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charge with adaption of functionality for reviews and approvals. Marketing fulfillment vendors are likely to enable access to content via tablets as well." Steve Jobs to unveil iCloud Service: report Google gives 5 tips for staying safe on the web BT and ZTE announce research partnership Internet Explorer 9 now available in your local language! IBM accelerates social business initiative with new software Adobe enables developers to build mobile apps

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Domestic News - July 2011 Mahindra Satyam to sign large global deal with F1: report Mahindra Satyam is planning to sign a large global deal with Formula 1 (F1) at the forthcoming Indian Grand Prix scheduled to be held in Delhi on October 30, according to a report.The report stated that F1 is the highest class of single-seater auto racing sanctioned by the Federation Internationale deRs Automobile.Mahindra Satyam is currently providing IT solutions for the ongoing FIFA Women's World Cup in Germany, says report. TCS plans to hire 60,000 employees for FY11-12 The Country's largest software exporter Tata Consultancy Services is planning to hire upto 60,000 employees in the financial year 2011-12.The company is expected to hire about 17,000 to 20,000 people, said CEO MD N Chandresekaran. The company added 24 clients in its first quarter.The company continued to hire to support business growth. With campus trainees joining the company from the beginning of July-September quarter, lateral hiring accounted for 75% of total hiring in Q1.There was a total gross addition of 11,988 people (net addition of 3,576) taking the total employee strength of 202,190 on a consolidated basis. Bharti Airtel hires IBM for IT solutions in Africa Bharti Airtel has reportedly said that IBM will provide IT solutions to its employees across 16 African countries under a new 10-year agreement. The report stated that the deal was expected to bring cost savings and efficiencies. iGate Patni signs $30 mn contract iGate Patni has reportedly signed a $30 mn contract to provide managed information technology infrastructure services to Weyerhaeuser NR a forest products firm.According to reports, iGate Patni will use a private cloud model to manage Weyerhaeuser’s servers at various locations and provide on-demand storage.Reports quoted Robert Massie head of sales for North America at iGate Patni as saying that, “(the deal) reflects the market’s demand for a flexible, outcomes-based model—a model which focuses on the end results and on delivering a measurable impact on a client’s overall business.”Reports stated that, iGate Patni provides infrastructure management services, application development and support services, testing-related services and business intelligence system implementation and support to Weyerhaeuser, which is an existing client of iGate Patni. CBI to complete Satyam trial within deadline The Central Bureau of Investigation (CBI), has reportedly stated that proceedings were the Satyam case were in full pace and would be completed within the deadline.Reports quoted CBI Deputy Inspector-General V V Lakshmi Narayana as saying that, “Our prosecution of evidence in the trial court in support of the charge sheets that we had filed is over. Now cross-examination of our witnesses by the defence is remaining. This will be followed by the magistrate questioning (if any) the accused and then the defence, and then the arguments.” According to reports, the apex court had fixed July 31 as the deadline for completing the trial, failing which, the accused, including founder B Ramalinga Raju, can approach the court to obtain bail. Infosys eyes IT Centre in Gujarat: report Infosys Chief Mentor N R Narayana Murthy has reportedly said that they would look at the possibility of starting IT Centre in Gujarat.The report stated that Infosys mentor is slated to meet Gujarat Chief Minister Narendra Modi and is likely to discuss the company’s plans to set up a centre in the state. Infosys dismissed visa allegations: report

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Infosys dismissed allegations by Jay Palmer, one of its American employees testifying before a US senate sub-committee on alleged misuse of B1 visas by the Indian IT major, according to a report. Earlier in February this year, Palmer had filed a complaint in a court in Lowndes Country, Albama, alleging that Infosys had misuses B1 business visa programme to bring Indian employees to the US to work at clients’ sites. Infosys, which gets 60% of its revenues from the US, has been silent on the issue, says report. Microsoft opens new R&D facility in Bangalore Microsoft has announced new state-of-the-art R&D facility situated in the heart of Bangalore’s business district. This 1,54,000 sq ft building will house the Bangalore Microsoft India Development Center (MSIDC) team that contributes to Microsoft Corp’s adCenter technologies, as well as the researchers from Microsoft Research India. Microsoft’s first R&D center was set up in Hyderabad in 1998, while Microsoft Research India was established in Bangalore in 2005.Inaugurating the building, Qi Lu, President, Online Services Division, Microsoft Corp, said: “For the last one decade India has been a key player in Microsoft’s strategy of global shared development. The availability of world class talent, advanced infrastructure and proximity to the booming emerging markets of the world are key reasons behind this. The decision to set up our second R&D center in Bangalore reinforces Microsoft’s commitment towards India.” Wipro to carve out new agriculture vertical in next fiscal: report Wipro Technologies is planning to carve out new agriculture vertical early in the next financial year, aiming to provide IT services to seed, fertiliser, agro chemical, bio pharma and commodity companies, according to a report. The report stated that the vertical, expected to be operational by April 1, will be part of the fast-growing Energy Natural Resources and Utilities (ENU) strategic business unit headed by Anand Padmanabhan, says report. Wipro does get some business from seed and fertiliser companies, but it is a minuscule amount, says report. Capgemini strengthens its BPO footprint in India with Gurgaon facility Kale Consultants reconstitutes Board of Directors NIIT collaborates with IBM iGATE Patni partners with TIA Technology Eli Lilly and HCL announce unique collaboration to bring new ideas to reality D-Link partners with TAITRA to promote Taiwanese brands in India EdServ plans to raise USD 35mn through GDR issue Infotech Enterprises provides integrated data solutions to Southern California Edison Geometric implements large scale desktop virtualization

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International News - July 2011 Apple’s App store downloads top 15 bn mark Apple announced that over 15bn apps have been downloaded from its revolutionary App Store by the more than 200 million iPhone, iPad and iPod touch users worldwide. The App Store offers more than 425,000 apps and developers have created an incredible array of over 100,000 native iPad apps.“In just three years, the revolutionary App Store has grown to become the most exciting and successful software marketplace the world has ever seen,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “Thank you to all of our amazing developers who have filled it with over 425,000 of the coolest apps and to our over 200 million iOS users for surpassing 15 billion downloads.” Global spending on gaming ecosystem to exceed US$74bn in 2011: Gartner The gaming ecosystem is undergoing major technology and business model transitions that will last beyond 2015. Gartner, Inc. estimates that worldwide spending on the gaming ecosystem* will exceed $74 billion in 2011, up 10.4% from 2010 spending of $67 bn. By 2015, spending will reach $112 bn. Overall, Gartner estimates that the gaming software component will represent $44.7 bn in 2011, and it will continue to dominate the overall gaming market in the next five years as it absorbs almost two-thirds of consumers’ gaming budgets. Google celebrates web heroes and showcases inspiring stories Google India has launched a ‘The Web Is What You Make of It”’ campaign - Google’s global online and offline campaign celebrating everyday people in India and around the world who are pairing their passion and creativity with the power of the web to do amazing things. Capturing the best moments in life, the campaign showcases the emotional and personal connection that people have with the web today. Cognizant, Visma in outsourcing arrangement with Norway Post Cognizant, a leading provider of information technology, consulting, and business process outsourcing (BPO) services, and Visma, a leading provider of business software and services for accounting and administration, announced that they have entered into an outsourcing arrangement with Norway Post, the leading Norwegian postal and logistics services company owned by the Norwegian Ministry of Transport and Communications. Norway Post is engaged in the development and delivery of integrated, value-adding communications and logistics solutions to domestic and international customers through physical and electronic networks. Capgemini and Microsoft to offer accelerated Cloud Services Capgemini Group, one of the world's foremost providers of consulting, technology and outsourcing services, and Microsoft Corp. announce a global plan that will bring the expertise of Capgemini's consulting, technology and outsourcing services to help deploy customer solutions on the Windows Azure platform. As part of the agreement, Capgemini will market and deliver services around Windows Azure, Microsoft's cloud platform, mobilizing Capgemini's full lifecycle capabilities in orchestrating, designing, developing and running cloud-based application services. As a business priority for both firms, the joint plan will offer Windows Azure solutions across 22 countries with a first focus on the UK, the Netherlands, the United States, Canada, France, Belgium and Brazil. NTT to launch new data center in Malaysia CA Technologies announces enhanced products and programs

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Google ties up with Mansycom Consultants U.S. PC shipments fell 5.6% in Q2:report Yahoo's Open Hack attracts over 800 developers Microchip Technology partners with Kalki Technologies Google in talks to buy InterDigital: report Adobe acquires EchoSign Informatica forms partnership with Toshiba solutions for financial services market Oracle announces availability of Java SE 7

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Domestic News - August 2011 Jack Palmer to take Infosys to court on H-1B visa rules: report Infosys employee, Jack Palmer, who has accused the company of large scale visa fraud in the US, will not go for an out-of-court settlement, according to a report. Jack Palmer has reportedly said that the company was circumventing H-1B visa rules by sending low-level and unskilled employees to the US on B1 visas instead. H-1B visas have become more expensive and harder to get than B1 visas that are meant for meeting, conferences and business negotiations, says report. Infosys has been silent on the matter so far and gave a statement last week saying that it did not have a practice of sending employees on B1 visas when they were required to go on H-1B visas. Financial Technologies, NSE settles software dispute: report Jignesh Shah-promoted Financial Technologies India Ltd (FTIL) and the National Stock Exchange (NSE) have finally settled a dispute, according to a report. The report stated that NSE has now agreed for the software to be used in the currency segment. In 2009, NSE had denied permission for a software developed by FTIL for currency futures and kept the company under 'watch list', says report. There are reports that FTIL happens to be the technology vendor whose software has been allowed by NSE for trading in equity, cash and futures and options for a decade. Mahindra Satyam to de-list ADS next year Mahindra Satyam has announced plans to wind-down its American Depository Share program in 2012 in an orderly manner. The company's American Depository Shares (ADS) currently trade on the over-the-counter market in the US. The report stated that the delisting move followed the company's inability to comply with certain US regulations. Mahindra Satyam Chairman Vineet Nayyar has reportedly said it is purely a regulatory issue on account of the fraud perpetrated by the former management over several years. Mahindra Satyam anticipated that the delisting of ADRS from NYSE will be effective on or before October 14, says report. Narayana Murthy to log out of Infosys Nagavara Ramarao Narayana Murthy, better known as N.R. Narayana Murthy, the current Chairman of Infosys Ltd. is retiring from his post on 20th August. Murthy, 65, is retiring after a 30-year long stint at Infosys. He is the founder and chairman Emeritus of the IT giant. Murthy founded Infosys in 1981 in Pune with an initial capital of US$250, most of which was borrowed from his wife Sudha Murthy. He serves as an Independent Director on the boards of HSBC, DBS Bank and Unilever. Infosys launched its IPO in February 1993, with Enam as its merchant banker cum underwriter. The offer was priced at Rs. 95 per share. The Company offered about 40% of its post-offer equity capital through that IPO, aiming to raise Rs. 130mn. The stock was listed at about Rs. 100-105. After that, it took the company about 15 months to list on the Nasdaq. KV Kamath: Infosys may spend US$1bn on acquisitions The new Infosys Chairman, KV Kamath, who will take charge from 21st August, will be introducing new strategies for the IT company's growth. Kamath is currently an independent director on the board of Infosys. The company is likely to increase its mergers and acquisition budget, report quoted Kamath as saying. Infosys' budget for M&A stands at US$1bn, it added. Kamath's transformed ICICI Bank from a Government-owned project lender into India's second-largest bank, making a string of acquisitions. IT cos shortlisted for UIDAI’s Rs20bn contract: report The Unique Identification Authority of India (UIDAI) has shortlisted TCS, Wipro, HCL Infosystems, Tech Mahindra and Mahindra Satyam for the IT sourcing contract for Rs20bn, according to a report. The report stated that

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UIDAI is currently going through the companies’ technical bids and winner will manage all IT-related operations of the prestigious Aaadhar project. Out of the original nine bidders, Accenture, IBM, HCL Technologies and HP did not make it to the short list, while Infosys did not participate in the bidding process, says report. The report also stated that the winning managed services provider (MSP) will manage IT systems and data of all Indian residents during the project’s 7-10 year duration Datamatics selects Ingres VectorWise for Its hosted smart meter cloud service for utillities Infosys Technologies unveils Infosys TalentEdge HCL to automate enterprise-wide loan origination & processing MindTree named among top industry leaders in IT

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International News - August 2011 Google+ attracts 25mn visitors: comScore Google+ has reportedly attracted 25 mn users, making it the fastest website to reach that audience size, data released by comScore showed.According to comScore data, Google+, launched in June, had 25 mn unique visitors as of July 24 and is growing at a rate of roughly one million visitors a day.The reports stated that, Facebook took about three years to attract 25 mn visitors, while Twitter took over 30 months. The United States and India, had more than 6 mn and 3.6mn respectively, followed by Canada, UK, Germany, Brazil, France and Taiwan, comScore data showed. Apple halts sale of Samsung's Galaxy tab in EU Apple Inc. succeeded in its patent litigation battle against Samsung after a German court disallowed the Korean company from temporarily selling its Galaxy tablets in the European Union except the Netherlands, reports stated. Apple reportedly said that Samsung’s Galaxy line of phones and tablets infringes Apple patents, including the “look and feel,” and touchscreen technology of the iPad. Apple spokeswoman Kristin Huguet confirmed that a district court in the German city of Dusseldorf granted the preliminary injunction against the Galaxy Tab 10.1, the order however did not include the Netherlands, reports added. According to reports, Samsung will challenge the court’s decision which comes a week after Apple had forced the Korean firm to delay the launch of its Galaxy tab in Australia. Google to acquire Motorola Mobility for $12.5 bn Google Inc is planning to acquire Motorola Mobility Holdings Inc for about $12.5 bn, according to a report. The report stated that the deal would give Google control of Motorola Mobility's attractive patent portfolio after the Internet giant recently missed out on a bid for Nortel Networks Corp.'s (NRTLQ) portfolio. Google has a thin portfolio of wireless and telecommunications patents, says report. The report stated that Google will run Motorola Mobility as a separate business that will remain a licensee of Android. Apple to invest in Sharp LCD plant: report Apple Inc is planning to invest $1bn in a Sharp Corp factory to secure a supply of LCD screens for iPhones and iPads, according to a report. The report stated that the proposed move comes as Apple and key supplier Samsung Electronics battle in courts over patent disputes, spurring talk that Apple may diversify suppliers. Japanese chipmakers in particular, such as Elpida Memory Inc and Toshiba Corp, are hopeful of larger orders from Apple if the U.S. company's relationship with Samsung deteriorates further, says report. Huawei introduces Hilink InterGlobe Tech launches integrated solution for managing airline and cruise crew Zebra Technologies unveils Next Generation QLn Mobile printer Verizon adds Mobile Satellite Solutions to its Private IP Service Suite CA Technologies unveils CA Service Operations Insight 3.0

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Domestic News - September 2011 Everonn tumbles 20% on MD's arrest in bribery case Everonn Education shares hit a 20% lower circuit safter the company's founder and Managing Director, P. Kishore, was arrested for allegedly bribing a tax official. Everonn Chairman Jamshed. J. Irani also resigned and the company appointed Susha John, Whole-time Director as the Chief Executive Officer (CEO), to exercise the powers delegated to the Managing Director. The Board also appointed a business council, comprising of two independent Board members to advise the CEO. Everonn said that its business would continue as usual despite the Managing Director's arrest. The CBI reportedly arrested P. Kishore, along with an Additional Commissioner of Income Tax, Andasu Ravindar, in connection with payment of bribe to conceal a taxable income of Rs. 600mn out of Rs. 1.16bn unearthed during a search and survey operation on 4th August. In a communication to the stock exchanges, Everonn said that it would extend all cooperation to all concerned to clearly demonstrate its commitment and adherence to principled corporate governance. The Board expressed its confidence in the management and the business and in its ability to steer the company forward successfully. Five ex-MindTtree officials join Happiest Minds IT enterprise Happiest Minds, founded by former MindTree chairman Ashok Soota, announced 11 more co-founders, five of which were former senior executives at MindTree. According to reports, Salil Godika, former chief strategy officer at MindTree, Puneet Jetli senior vice-president, vice-presidents Dattatri Salagame, Aurobinada Nanda and Joseph Anantharaju, have joined Happiest Minds as co-founders along with Wipro executives Ramakanth Desai and Prasenjit Saha and Infosys' Raja Sekher. "Nearly 60 offers made by us have been accepted and 26 are already on board. We will eventually take the company public," Soota was quoted as saying. Happiest Minds will have an initial capital of Rs. 2 bn, with investments from Soota, external investors and some of the co-founders. "While it is not necessary for the cofounders to bring in capital, most of them have expressed interest to do so," Soota was further quoted as saying, adding that "A term sheet has been signed with one venture capital investor and we are in active dialogue with another." Reports stated that the company will develop solutions in security, multi-channel retailing, demand shaping and forecasting, and partner with a vendor for human capital management. Wipro BPO inaugurates first rural BPO center in TN Wipro BPO, the Business Process Outsourcing arm of Wipro Technologies has announced the inauguration of its first rural BPO center at Manjakkudi Village in Tamil Nadu. Wipro Technologies is the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT). The Manjakkudi center has a capacity of 120 seats, and will open with a 50 seat pilot project for an international client in the retail sector. Wipro plans to expand its rural BPO operations to 500 seats by March 2013, in Tamil Nadu and to replicate this BPO model across other states in India, in the near future. The Manjakkudi center is a result of a tie-up with the Swami Dayananda Educational Trust, a public charitable trust involved in providing quality education to the economically backward sections of rural Tamil Nadu. Manjakkudi is a village on the banks of the River Kaveri in Tiruvarur district of Tamil Nadu with a population of about 2,500. Kumbakonam is the closest town to Manjakkudi. Conceptualized on the ‘Back Office to the Back Office’ (BOBO) outsourcing model, the focus of the center is to capitalize on the literate talent pool available in the region and in doing so, create employment opportunities in the village and its surrounding areas. Graduate students between the age group of 21 to 25 will be employed in the Manjakkudi Wipro BPO center, delivering a range of services to customers across industry sectors.

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HC dismisses bail pleas of Ramalinga Raju, 7 others The Andhra Pradesh High Court today dismissed the bail petitions of B. Ramalinga Raju and seven other accused in the multi-crore Satyam Computer Services accounting fraud. Besides Raju, Satyam’s former MD, B. Rama Raju, ex-CFO Vadlamani Srinivas, former employees G. Ramakrishna, D. Venkatpathi Raju and Ch. Srisailam, former PWC auditor, Subramani Gopalakrishnan, and Satyam’s former internal chief auditor, V.S. Prabhakar Gupta, are currently lodged in Chanchalguda Central Prison in Hyderabad. The accused had earlier sought bail on the grounds that the trial in the Satyam scam was not completed within the Supreme Court stipulated timeline of July 31 and all the prosecution witnesses were examined. The Supreme Court had stated that the accused could file another bail application only after July 31, 2011, if the trial in the case was not completed in the local court. Infosys hires criminal lawyer in US for visa case: report Infosys Ltd has hired a noted criminal lawyer in the US, Stephen A Jonas, and his law firm, WilmerHale, to defend it in all kinds of criminal matters pertaining to the alleged visa misuse case, according to a report. The report stated that Jonas, a partner in WilmerHale’s litigation/controversy department and the chair of the firm’s investigations and criminal litigation practice group, represents major corporations and their officers and directors in criminal matters. Earlier this month, Infosys relocated its group HR head Nandita Gurjar to the US for a temporary period, says report. The report also stated that Gurjar is expected to oversee the entire investigation process engaging with local employees, says report. India IT sector high on PC sales: MAIT MAIT, the apex body representing India’s IT hardware, training and R&D services sectors, has announced the findings of its Industry Performance Review for the Financial Year 2010-11. The total PC sales between April 2010 and March 2011, with desktop computers, notebooks and netbooks taken together, were 9.31 million (93.1 lakh) units, registering a growth of 16% over the last fiscal. The sales of desktops stood at 6.03 mn (60.3 lakh) units registering a growth of nine per cent. Notebooks and Netbooks taken together recorded a consumption of 3.28 mn (33 lakh) units, growing thirty-one per cent over the last year. Given the rise in disposable income and the stability of jobs in the country, PC sales are expected to cross 12.60 million (126 lakh) units in FY 2011-12, growing about thirty-five per cent. US court clears settlement in class action suits: Satyam Satyam Computer Services Ltd has announced that the class action settlement agreement that was entered into between the Company and Lead Plaintiffs representing the Class on February 16, 2011 ("Settlement Agreement"), has been granted final approval by the United States District Court for the Southern District of New York through a judgment ("Judgment"), which Judgment is subject to an appeal period of 30 days from the date of its entry. The settlement shall become effective pursuant to its terms and the terms of the Judgment. In exchange for the settlement consideration, the Lead Plaintiffs and the members of the Class who do not opt-out of the Class, would release, among other things, their claims against the Company. Mahindra Satyam eyeing strategic opportunities in Middle East sports industry Mahindra Satyam, a leading global consulting and IT services provider, has revealed its strategic move to create stronger focus towards the Middle East region's rapidly growing sports industry. The move reflects the leading company's efforts to address the industry's increased demand for more cutting edge technologies that can be used across key activities like sports events, sports training and even sports medicine.

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TCS signs multi-year contract with Nets Tata Consultancy Services has announced that it has signed a multi-year contract with Nets, one of the largest payment cards, payment solutions and payment exchange information companies in Northern Europe. The contract comprises application maintenance and development services across Nets’ value chain of cards, payments and eSecurity.For several years the Norwegian BBS and Danish PBS have been strengthening their market position in the Norwegian and Danish payments market. In autumn 2010 these Nets’ group companies were merged to become the leading payments provider in the Nordic region. Now they aim to expand into Northern Europe . Infosys close to acquire health care business of Thomson Reuters: reports Infosys to reportedly buy Thomson Reuters Corp. (TRI)’s health-care business for as much as $750mn in the Indian company’s biggest acquisition. According to reports, Thomson Reuters is also seeking to sell its BARBRI bar-exam- preparation business and the risk-management Enterprise Risk unit. Infosys plans to add customers in industries outside of banking, while Thomson Reuters seeks to sell its health-care division. Ratan Tata unveils book: The TCS Story... and Beyond Ratan Tata, Chairman, Tata Sons has said that "Ram is a key member of the close knit team which has made TCS into an end-to-end global IT services company;this is a narration of the company's transformational journey which deserves to be widely read". The TCS story is one of the modern India's great success stories. In this fascinating book, S Ramadorai recounts the steps to that extraordinary success: how TCS played a pioneering role in establishing offshore development centres in India through the IT boom. TCS wins 5 year multi-million dollar Deutsche Bank deal Tata Consultancy Services has announced that Deutsche Bank has selected the company as a strategic partner for their Production Management Transformation Initiative, within their Capital Markets Business Unit. To achieve this transformation, TCS will deliver a global application service desk, service operations and all other ITIL (IT Infrastructure Library) services to the bank at locations across seven countries - USA, UK, Germany, Hungary, Philippines, Singapore and India. TCS will partner with Deutsche Bank to transform to an ITIL aligned model, aimed at significantly improving service delivery through this framework of best practices. The team will leverage the concept of LEAN to eliminate non-value added activities and provide cost efficiencies to the bank. Wipro plans to sell data centres of Infocrossing: report Wipro is planning to sell data centres and other computer hardware assets of its US subsidiary Infocrossing, according to a report. The report stated that the company has already received initial offers from several medium to large US telcos, and the company is deliberating to carve out five data centres owned by Infocrossing for a potential sale estimated to be worth anywhere between $300 mn and $400 mn. In August 2007, Wipro had acquired Infocrossing for $600 mn, with then revenues of around $200 mn, says report. Advent Intl in talks to acquire BT's Stake in Tech Mahindra:report Private equity powerhouse Advent International has intensified its negotiations with UK telecom major BT to acquire its stake in Tech Mahindra, according to a report. The report stated that BT has been associated with Tech Mahindra since the latter’s inception and contributes 40% to the firm’s revenue. As on June 30, BT held 23.27% stake, which equals 29.5 million equity shares, says report.

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Datamatics Global plans acquisitions in India and abroad: report Datamatics Global Services, an IT, KPO and consulting firm is planning to invest $10-40 mn on further acquisitions in India and abroad, according to a report. The report stated that company is looking at service providers for online retailers and online publishers and firms providing financial data and document processing. There are reports that the company is in talks with companies and deals are expected this financial year Infosys strengthens relationship with European Credit Management Omnitech launches REVIVE

Infosys Partners with Singapore Management University

eBay India launches interactive app for iPhone users

Prism Informatics on track to acquire majority stake in Idhasoft

Taksheel Solutions plans to raise Rs. 825mn in IPO

Sachin Pilot unveils Text-to- Speech system in 6 languages

Net4 India partners with Smart Phone Solutions

Onward Technologies to recruit 350 Mechanical Engineers

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International News - September 2011 IBM to acquire Algorithmics for US$387mn IBM announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing. Algorithmics is a risk analytics firm with operations in Toronto, Canada. Algorithmics risk analytics software, content and advisory services are used by banking, investment and insurance businesses to help assess risk, address regulatory requirements and make more insightful business decisions. Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris, France.This acquisition expands IBM's business analytics capabilities in the financial services industry by helping clients quantify, manage and optimize their risk exposure across a range of financial risk domains, including market, liquidity, credit, operational and insurance as well as economic and regulatory capital. GIGABYTE announces 6 series mobos to support next generation Intel 22nm CPUs GIGABYTE Technology, a leading manufacturer of motherboards, has recently announced their entire range of 6 series motherboards are ready to support the next generation Intel 22nm CPUs (LGA1155 Socket) as well as offer native support for PCI Express Gen. 3 technology, delivering maximum data bandwidth for future discrete graphics cards. Wanting to provide maximum upgradeability to customers, GIGABYTE has enabled native support for PCI Express Gen. 3 across the entire range of GIGABYTE 6 series motherboards, including the recently launched G1.Sniper 2 motherboard, when paired with Intel’s next generation 22nm CPUs. Yahoo ousts CEO Carol Bartz Yahoo Inc has reportedly said that its board of directors has removed Chief Executive Officer Carol Bartz from the helm of the company. Yahoo said that Chief Financial Officer Tim Morse has been named interim CEO, but will also continue in his CFO role, adds report. The report stated that the new leadership group would also work on a “comprehensive strategic review that the board has initiated to position the company for future growth. Yahoo also reportedly said that it would hire “a nationally recognized executive-search firm. Genpact to buy EmPower Research: report BPO major Genpact is planning to acquire media and business research firm EmPower Research for an undisclosed amount, according to a report.The report stated that this acquisition will add significant expertise and intellectual property to Genpact’s Smart Decision Services business, comprising analytics, research, re-engineering and risk management services, it added.The deal is expected to close by the end of the month, subject to the satisfaction of certain customary conditions,says report. US govt launches criminal probe of eBay: report U.S. prosecutors are investigating whether eBay Inc.employees misappropriated confidential information from Craigslist, according to a report. The report stated that the subpoena, issued last week on behalf of the Justice Department, seeks a vast amount of information and documents, including those related to eBay Chairman Pierre Omidyar. Worldwide media tablet sales to end users are on pace to total 63.6 million units:Gartner Worldwide media tablet sales to end users are on pace to total 63.6 mn units, a 261.4% increase from 2010 sales of 17.6 million units, according to Gartner, Inc. Media tablet sales will continue to experience strong growth through 2015 when sales are forecast to reach 326.3 mn units. Apple’s iPad is projected to account for 73.4% of worldwide media tablet sales in 2011,

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down from 83% share in 2010. Beyond Apple iOS and the Android operating system (OS), Gartner does not expect any other platforms to have more than 5 percent share of the tablet market in 2011. Cognizant expands relationship with The Hanover Insurance Group Cognizant has announced an expanded relationship with The Hanover Insurance Group, Inc, a leading provider of property and casualty insurance products, with the successful deployment of remote infrastructure management (RIM) services. With The Hanover’s geographic expansion into new territory in the western U.S., and its recent adoption of a 24/7 support model, the insurer required round-the-clock monitoring and management of its technology infrastructure and storage capacity. These capabilities are strategically important to enable speed to market for new and enhanced insurance products, as well as ease of use and expanded system availability for The Hanover’s insurance agents. IBM to deploy SAP ERP at Automotive Axles Hitachi GST ships one Terabyte per platter Hard Drive Accenture settles lawsuit for $63.7 mn:report

Dell's board adds $5 bn for stock repurchases: report

Microsoft debuts Windows 8 for developers: report

Oracle announces pillar axiom release 5 storage system software

CA Technologies announces CA Mainframe Application Tuner

Sify Technologies partners with Voxbone

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Domestic News - October 2011 Steve Jobs - The Apple of this generation’s eye dies Apple co-founder Steve Jobs died at the age of 56 after a long battle with pancreatic cancer. Jobs was surrounded by his wife and immediate family when he died in Palo Alto, California. Jobs is survived by his wife Laurene and five children, as well as his sister, the novelist Mona Simpson.The iPod, iPhone and iPad are his gifts to the world. "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve," Apple said in a statement."His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his extraordinary gifts."Apple changed it's website to a big black-and-white photograph of him with the caption "Steve Jobs: 1955-2011." Jobs took a medical leave from Apple in January and stepped down as chief executive in August saying he could "no longer meet (his) duties and expectations."Born on February 24, 1955, and then adopted, Jobs grew up in Cupertino, California - which today is home to Apple's headquarters.Jobs launched Apple Computer Inc. with co-founder Steve Wozniak. They built their first commercial product, the Apple 1, in Jobs' parents' garage in 1976. Infosys bags Rs7bn contract from DoP: report Infosys has managed to bag the Rs. 7-7.5bn financial services systems integrator contract from the Department of Posts (DoP), according to a report.The report stated that the company has emerged as the lowest bidder for the contract. Other vendors in the fray includes India’s largest software exporter Tata Consultancy Services and global services giant HP, says report.As part of the new project, Infosys would help with postal banking and insurance solutions, enabling the department to perform ‘anytime, anywhere’ banking. India moves up 10 pts in Global Ranking of IT Competitiveness India has become more competitive in information technology compared to other countries , the Business Software Alliance (BSA) reported with its publication of the 2011 edition of the Economist Intelligence Unit's IT Industry Competitiveness Index. Updated for the fourth time since 2007, the Index benchmarks 66 countries on a series of indicators covering the critical foundation areas for IT innovation: overall business environment; IT infrastructure, human capital; research and development (R&D); legal environment and public support for industry development.The 2011 IT Industry Competitiveness Index is available for download on BSA’s website at www.bsa.org/globalindex, along with interactive ranking tables, detailed country summaries, industry case studies, and video interviews with IT experts. India promisingly climbed 10 spots to 34th in the worldwide rankings on the strength of a strong showing on indicators of human capital and research and development (R&D), among other criteria. Infosys strengthens Presence in South-East Asia Infosys Limited inaugurated its new Development Center (DC) at the Changi Business Park Crescent in Singapore. Serving as its regional hub in South-east Asia, the new Singapore DC will play a strategic role in the company’s operations, allowing it to drive business opportunities in the region. Ashok Vemuri, Member of the Board, Infosys Limited. along with Gerald Chan, CEO and Country Head UBS Singapore, jointly inaugurated the new DC. Other senior leaders associated with the Singapore DC were also present for the inaugural ceremony. The new Singapore DC is spread over 25,000 sq. ft. of space and can currently seat up to 450 people. Infosys plans to expand this facility to seat 1,000 people by end of 2012.

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TCS plans to hire 45000 trainees for FY12: report Tata Consultancy Services is planning to hire 45,000 trainees in fiscal year 2012-2013 from 37,000 in the current fiscal, according to a report. Ajoyendra Mukherjee, executive vice president and global head human resources at TCS has reportedly said that last year they have made 37,000 offers to trainees.We have so far made 35,000 offers for next fiscal year visiting around 200 institutes across the country. iGATE Patni strengthens Partnership with The Mosaic Company Integrated Technology and Operations (iTOPS) brand iGATE Patni, that provides Business Outcomes-based solutions, has announced that it is extending its multi-million-dollar, multi-year contract with the ‘The Mosaic Company’ to provide Global Service Desk support in English, Latin American, and APAC languages. As part of the Global Service Desk support engagement, iGATE Patni will provide multi lingual support in English, Portuguese, Spanish and Mandarin through its global delivery centers. iGATE Patni will leverage its delivery center in Pensacola, Florida to deliver English language support to Mosaic worldwide users. In line with the joint initiative of iGATE Patni and Mosaic, the engagement is expected to generate additional jobs in Pensacola center which currently employs more than 200 people. Accenture awarded Portal Implementation contract Avea Turkey selects ROC Partner Settlement from Subex Tecpro Systems receives order worth Rs. 4.05bn from NTPC Wipro plans to launch low-cost products: report Naukri Job Speak index for Sep-11 remains stable:Naukri.com HCL Infosystems unveils new ME Tablet Microsoft India launches Forza Motorsport 4 exclusively on Xbox 360 console Tata Elxsi forms JV with A Squared Entertainment Ramco Systems bags order from Columbia Helicopters Mahindra Satyam becomes SAP Business ByDesign Solution Reseller Sonata Software strengthens Its focus on Mobility

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International News - October 2011 President Obama on Steve Jobs death US President Barack Obama has given the statement on Apple co-founder Steve Jobs death. "Michelle and I are saddened to learn of the passing of Steve Jobs. Steve was among the greatest of American innovators - brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it.By building one of the planet’s most successful companies from his garage, he exemplified the spirit of American ingenuity.By making computers personal and putting the Internet in our pockets, he made the information revolution not only accessible, but intuitive and fun. And by turning his talents to storytelling, he has brought joy to millions of children and grownups alike. Steve was fond of saying that he lived every day like it was his last. Because he did, he transformed our lives, redefined entire industries, and achieved one of the rarest feats in human history: he changed the way each of us sees the world." Worldwide platform as a service revenue on pace to reach $707.4 mn in 2011: Gartner Worldwide platform as a service (PaaS) revenue is on pace to reach $707.4 mn in 2011, up from $512.4 mn in 2010, according to Gartner, Inc. The market will experience consistent growth with worldwide PaaS revenue totaling $1.8 bn in 2015."Cloud has three technological aspects — infrastructure as a service (IaaS), platform as a service (PaaS) and finally software as a service (SaaS)," said Fabrizio Biscotti, research director at Gartner. "While SaaS is the most developed aspect, PaaS is the least developed, and it is where we believe the battle between vendors is set to intensify." Facebook users expose passwords online A study from security expert, Jason Hart, commissioned by life assistance company CPPGroup Plc (CPP) has revealed that one third (32%) of Facebook profiles contain at least two pieces of personal information such as their mother's maiden name, date of birth, hobbies or children's names. This information is often also used as a password or as an answer to a security question when users look to reset their online account log-in details. In the study, details including the name of the user's first school (64%), employer (46%), dates of birth (25%), children's names (25%) and favourite football team (17%) were found to be visible on many people's Facebook profiles. Cos to get 50% web sales via social presence, apps by 2015: Gartner By 2015, companies will generate 50% of Web sales via their social presence and mobile applications, according to Gartner, Inc. Vendors in the e-commerce market will begin to offer new context-aware, mobile-based application capabilities that can be accessed via a browser or installed as an application on a phone.As the number of mobile phones overtakes PCs, customers will use mobile browsers and applications as the main points of interaction. Windows Phone: Putting People First The snazziest way to keep connected with your family and friends this festive season is with the Windows Phone. With THE coolest integration of social apps including Facebook, Twitter, LinkedIn and Windows Live; seamless gaming with Xbox Live, Threaded messages and much much more, this is the essential GIFT of the season! It’s all about your social quotient during this festival and windows phone brings together your entire social world in one place with the People Hub. Whether it’s about knowing the weather, or ensuring you never miss a moment with groups and threaded messaging, Windows Phone delivers unmatched experiences. So what are you waiting

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for? Bring home the most coveted gift this Diwali with the HTC Radar Windows Phone. Google and Samsung unveil Galaxy Nexus with Android 4.0 Google and Samsung have announced the launch of a new smartphone called Galaxy Nexus, which is based on the Android 4.0 Ice Cream Sandwich operating system. The two companies introduced the high-end model at an event in Hong Kong, after delaying the launch last week to pay respect to the late Apple co-founder Steve Jobs. The Android Ice Cream Sandwich Os is designed to unite tablet and smartphone platforms. Genpact opens delivery center in Dubai Genpact Limited has announced the opening of its Dubai, United Arab Emirates (UAE) global delivery center. The 80-seat modern center set up in Dubai as a licensed partner of Dubai Outsource Zone (DOZ) will provide business process services such as claims processing, customer service, collections, treasury operations, finance and accounting, analytics and risk-related services for clients in the Middle East and North Africa. “We are delighted to begin operations in Dubai and hope to grow this center into a 500-person center in the next three years,” said Tiger Tyagarajan, President and CEO, Genpact, speaking at the opening. “Not only will the center deliver business impact through our uniquely scientific Smart Enterprise Processes (SEPSM) framework, it will also help our clients make smarter business decisions through our Smart Decision Services comprising analytics and research, reengineering and risk management.” Apple unveils video of Steve Jobs memorial iPhone and iPad maker Apple has released the video footage of the private memorial of the company's late co-founder and CEO Steve Jobs.The star-studded memorial service was held last week for Apple employees to celebrate the life of Steve Jobs at its Cupertino headquarters.Apple posted a link on its website late Sunday to a video of the service,The exclusive ceremony was closed to the public and media.Jobs, the visionary co-founder of Apple, died at the age 56 on Oct. 5 after a long battle with pancreatic cancer.The 81-minute long video shows several executives and board members reminiscing about their time with Jobs besides speeches on the big impact he left on the technology world. The video includes appearances by current CEO Tim Cook and by Jonathan Ive, Apple’s design head. Former US Vice President and Apple board member Al Gore also paid tribute to Jobs.The service also included performances by Norah Jones and Coldplay. CA Technologies launches CA ERwin Data Modeler for Microsoft SQL Azure Norton 360 Version 6.0 delivers strongest protection and performance ever IBM brings intelligent operations to improve services to citizens LinkedIn announces Talent Pipeline for recruiters Oracle buys RightNow for US$1.5bn Virginia M. Rometty elected IBM CEO British Airways extends outsourcing contract with WNS

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Domestic News - November 2011 Infosys faces legal battle...US court denies arbitration in Palmercase Infosys Ltd is facing a legal battle onalleged visa misuse as US federal court rejected its plea to decide the casethrough arbitration, according to reports. The report stated that the ITcompany had earlier requested the court to decide the case filed by its formeremployee Jack Palmer on the alleged B-1 business visa misuse by an arbitratorinstead of a judge or a jury. Palmer had initially filed awhistleblower complaint and thereafter a case in a civil court in the US, says report. TCS bags mega order Diligenta, a leading BusinessProcess Outsourcing (BPO) provider in the UK and a subsidiary of TataConsultancy Services (TCS) (BSE: 532540, NSE: TCS) the leading IT services,consulting and business solutions firm, today announced that it will assumeadministration responsibility for 3.2 million policies for Friends Life, aprovider of pensions, investments and insurance. The agreement, effective 1March 2012 is worth $2.2 billion (£1.37 billion) over 15 years. This major business win underpins Diligenta’sproven expertise in the Life and Pensions industry and will increase the totalnumber of policies administered by Diligenta to just under 8 million. Outsourcingmuch of its customer service and IT functions for its UK heritage business willallow Friends Life to focus on its new proposition developments, including itsnew corporate platform, in its core markets of corporate benefits, protectionand retirement income. Internet users in India cross the100mn mark In September 2011, India crossed the 100 million mark of internet users. Accordingto the annual I-Cube Report jointly published today by Internet and MobileAssociation of India [IAMAI] and IMRB, India is all set to have 121 millioninternet users by December 2011. Out of 121 million, 97 million would be activeInternet users who access Internet at least once in a month. Of the 121 millionusers who claimed to have used Internet in the past, there will be 92 millionInternet users from the urban cities of the country and 29 million from ruralareas. Of the 97 million active Internet users, 73 million will be from urbancities and the rest 24 million from rural villages. 100million internet users is considered a critical landmark for the country. Withthis internet use in India is expected to enter a critical period of growth withthe possibility of becoming the largest internet using country in the world inin this decade. The report also found that of the active internet users 48% used internet at least4-6 times a week and 28% per cent used it daily. iGATE to delist Patni Computer iGATE Corporation has announced its intention to commence, through its subsidiaries Pan – Asia iGATE Solutions and iGATE Global Solutions Limited, a process that could lead to the delisting of its Indian subsidiary, Patni Computer Systems Limited, Ltd. (Patni). Under applicable Indian laws, Patni can be delisted by the acquisition of ordinary shares (excluding the depository shares and the ordinary shares underlying such depository shares held by the custodian) of Patni if such acquisition would result in the equity interest of the iGATE group in Patni being at least equal to the higher of (a) 90% of the total ordinary shares, and (b) the aggregate of pre-offer shareholding of iGATE plus 50% of the delisting offer size. Hexaware announces contract worth US$250mn Hexaware Technologies Ltd. said that it has won its largest contract till date with estimated revenue worth US$250 mn.The new contract has been awarded to the company by an existing client headquartered in the UK for an additional five years starting January 1, 2012. Hexaware said that it has been associated with this multi-billion enterprise for over seven years. The Company said that it will have an estimated US$60mn worth of incremental

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business through this new contract. The additional revenues from this contract will begin to accrue from the first quarter of 2012, Hexaware said. The contract is also expected to improve the company's offshore ratio. Wipro Technologies to set up a strategic delivery center in South Africa Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited, announced its growth plans for the region and said it plans to set up a strategic delivery center in South Africa and create opportunities in the region for around 1000 skilled professionals in the next 3 years. Wipro had chosen South Africa as a market for potential growth and created a special structure to drive global presence and business growth in these focus geographies. South Africa’s IT spending is projected to increase from US$10.7bn in 2011 to about US$17.4bn in 2015. The largest industries contributing to South Africa's GDP include financial services, business services and manufacturing. The South African government has launched a number of initiatives to drive IT sector growth and bolster the position of the nation in the global economy. Ashok Soota's new company raises US$45mn IT services startup Happiest Minds Technologies has raised $45 mn or Rs. 2.29bn in its first round of funding , led by VC firm Canaan Partners, according to reports. The report stated that Intel Capital, as well as co-founder Ashok Soota and other founders of Happiest Minds, also invested in the round. This deal makes Happiest Minds one of the most highly capitalized start-ups in the technology sector. Soota had quit as chairman of MindTree in April this year and launched this start-up in August. Infosys may miss FY12 $ revenue guidance: reports IT major Infosys Technologies Ltd. said that it might miss the top end of the FY12 dollar revenue growth guidance due to the volatile and uncertain global economic backdrop. The Bangalore-based company expects to meet the guidance though may not hit the upper end of the annual revenue growth guidance, CFO Balakrishnan was quoted as saying. Infosys was likely to achieve the mid point of the dollar revenue growth guidance for FY12, he told a business channel. "In an uncertain environment like this, it is very difficult to say if we will meet our third quarter guidance," he was quoted as saying."We have not revised guidance for now but it should not be a surprise if we fail to meet or remain on the lower end of the guidance," Balakrishnan said. "Customers are cautious about spending, which is likely to impact growth," he added.Earlier, media reports said that Infosys was likely to miss the top-end of the 17-19% full year dollar sales growth outlook.Reports also said that the IT major's third quarter and fiscal year sales growth was also likely to fall short. Google India's Rajan Anandan inducted into board oF ASCI: reports Google India's Rajan Anandan who is Managing director and country head has been inducted into the board of directors of the Advertising Standards Council of India, according to reports.The report stated that this moves comes when ASCI is looking to strengthen the monitoring of online ads.Being on the board will help ASCI and Google to jointly create awareness about fair advertising practices, Rajan Anandan reportedly said. Wipro has seen growth momentum build up in IT biz: Premji Rajesh Chandiramani quits Tech Mahindra: report Google India to bring 5 lacks Indian SMBs online for free NIIT Technologies plans to invest Rs1.75bn: report

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Thinksoftglobal announces Partnership with Nastel Technologies WiproTech wins engagement with UK based Premier Foods Everest Group positions TCS as a Leader in Insurance Applications Outsourcing Persistent Systems and Proactive partner to offer Economical Migration to Cloud TCS with SAP launches AURA Dealer Business Management Service Atom Tech tie-up with RMC 3i Infotech enters into alliance with Smartesting

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International News - November 2011 Yahoo contemplates minority stake sale: reports Yahoo! Inc is contemplating the sale of a minority stake to a private equity firm, followed by a large share repurchase,according to reports. The report stated that under such a plan—one of many being considered by the board—a private equity firm would take a stake in Yahoo! of around 20% and ally itself with Yahoo! co-founders Jerry Yang and David Filo, who together own another 9.5% of the company. Huawei to buy out Symantec in JV for US$530mn Huawei Technologies Co., Ltd. (Huawei) and Symantec Corp has announced an agreement on a transaction where Huawei will acquire Symantec’s 49% stake in Huawei Symantec Technologies Co., Ltd. (Huawei Symantec) for USD $530 mn. Upon closing, the agreement will give Huawei full ownership of Huawei Symantec. Huawei Symantec is a Hong Kong-based joint venture established by Huawei and Symantec in 2008.The company provides customers with innovative security, storage and systems management solutions. Over the past few months, Huawei and Symantec have held several rounds of discussions and negotiations over the future of the joint venture. Huawei and Symantec have mutually agreed that the next stage of growth for the joint venture would benefit from the direction of a single owner. Microsoft signs confidentiality agreement with Yahoo: reports Microsoft has signed a confidentiality agreement with Yahoo on the move, joining other potential bidders like the private equity firms Silver Lake and TPG Capital., according to reports.The report stated that by signing the non-disclosure pact, Microsoft will get a closer look at Yahoo’s books. Microsoft held talks with potential partners last month about a possible bid, says reports.Yahoo is undergoing a "strategic review," to revamp its business and its stagnant revenue growth Symphony expands global delivery and support capabilities in South America EMEAEnterprise IT spending in Euros will decline 1.4% in 2011 :Gartner Seagate announces CES Innovation 2012 Design And Engineering Award Honoree Asia Pacific IT decision makers look to Ethernet fabrics to realize cloud ambitions: Brocade Sabeer Bhatia launches Jaxt Rsms, World’s first free and open texting application Check Point acquires privately held Dynasec Brocade announces new enterprise networking solutions

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Domestic News - December 2011 N R Narayana Murthy chaired jury meeting The Institute of Chartered Accountants of India achieved major milestone towards organization of ICAI's Corporate Forum, 2011.A jury meet was organized to choose the best Chartered Accountantsworking in the industry.The Jury meeting was chaired by N R Narayana murthy, Chairman Emeritus, Infosys Ltd.On the Foreign Direct Investment issue, N R Narayana murthy stated"Any new Policy announced by the Government would be good for the country."He added,"I am happy to work with finance Professionals.ICAI has invited me for the extremely important award.The winners are in three categories, CFO, Senior CFO and Mid-level Managers." Infosys BPO plans to set up rural centres globally: reports Infosys BPO is planning to set up rural centres in Tier II and Tier III towns in foreign countries,according to reports.Infosys BPO has reportedly said that it is tough to put a timeframe, but the company would be doing this over the next four to five years.Infosys BPO has five centres in India and seven centres internationally in countries such as Poland, China and the Philippines, says reports. McCamish Systems announces strategic alliance with Pegasystems McCamish Systems LLC, an Infosys BPO company, specializing in life insurance and retirement business process and technology solutions, has announced their strategic business alliance with Pegasystems Inc. , the leader in business process management and software for customer centricity. This partnering of two best of breed companies will offer significantly enhanced capabilities to the insurance and retirement services marketplace. McCamish’s VPAS® Life, the robust life insurance and annuity Policy Administration System (PAS), is used in both BPO and in SaaS implementations by top life insurers in North America. Wipro Technologies consolidates structure for Business Operations Wipro Technologies announced its plans to create a focused global unit called the “Business Operations Unit”, which will enable Wipro to deliver differentiated value for clients with seamless, predictable execution. The company will consolidate its Business Application Services, Global Delivery, Quality and IS teams under the newly formed Business Operations Unit. Bhanumurthy BMwho is currently the Senior Vice President and Head of Wipro Technologies’ Retail, Consumer Goods, Transportation & Government (RCTG) Strategic Business Unit will take over as the Chief Business Operations Officer. In close to twenty years at Wipro, he has worked across business, service line, delivery and operations. A strategic thinker and leader, he is well positioned to lead the next wave of operational excellence and seamless delivery across Wipro’s global operations. Infosys signs multi-year IT services contract with Syngenta Infosys has signed a multi-year Transformation and Business IT services contract with Syngenta AG , one of the world leading agribusiness companies based in Switzerland . In a landmark contract that will provide consistency and predictability of service delivery, Infosys will consolidate Syngenta’s Global Business IT services landscape under a single shared services engagement.Infosys will be the preferred partner for Syngenta for all technology enabled Business Transformation initiatives. This engagement will enable Syngenta to roll out standardised processes, platforms, tools and ways of working across 90 countries. Cyan Holdings shakes hand with Wipro for IT Services Cyan Holdings Plc announces an alliance with Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited. Wipro will provide Consulting and IT Services to power

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utility companies in India deploying wireless meters incorporating CyLec, Cyan Technology's wireless communication solution for electricity metering. Cyan Technology is an integrated system design company delivering mesh based flexible wireless solutions for utility metering and has become a recognised player in the Indian utility sector.The alliance with Wipro forms the core of Cyan Technology's approach to building strategic partnerships with key players in India to become a major player in the fast growing Indian electricity metering market. TCS bags 5-year contract from Call Genie: reports Tata Consultancy Services has bagged a five-year arrangement from digital advertising solutions provider Call Genie to distribute the latter's suite of products worldwide, according to reports.The reports stated that TCS will resell the full suite of ‘Call Genie' and ‘UpSnap' mobile products worldwide.Call Genie reportedly said that Revenues from this arrangement will be comprised of consulting and implementation fees, licence fees, hosting fees, revenue sharing and maintenance fees. Infosys BPO to acquire Portland Group of Australia Infosys BPO Limited, the business process outsourcing subsidiary of Infosys Limited has announced the signing of a definitive agreement to acquire all of the outstanding share capital in Australia-based Portland Group Pty Ltd, a leading provider of strategic sourcing and category management services. The acquisition is expected to be completed by early January 2012, subject to certain closing conditions being met. Portland Group was founded in 1999 and today counts several large ASX 200 organizations within the Australia region as clients. It is headquartered in Sydney and has offices in Melbourne, Brisbane, and Perth. The company reported revenue of approximately AUD 31.3 million for the fiscal year ending 30 June 2011. The company employs 113 professionals.The purchase consideration for the deal is AUD 37 million, subject to customary post-completion adjustments Wipro Tech bags contract from AstraZeneca: reports Wipro Technologies has been selected as an IT partner for a multi-million dollar engagement with AstraZeneca, according to reports.The reports stated that the deal size was not disclosed. The company has been selected as one of four IT partners, to enhance AstraZeneca's end user computing infrastructure, says reports. Microsoft India Technostars of 2011 Intel India hosts “The Cloud Summit 2011” GIGABYTE to promote gaming in India Mindtree selected as strategic IT partner for Millennium & Copthorne Hotels QuEST Global inaugurates Offshore Design Centre for Siemens in Bangalore 3i Infotech and Smartesting enters strategic alliance to drive "Zero Defect" Spanco surges on receiving 5-year tax holiday in Nigeria TCS to set up large software development campus in Nagpur Polaris implements Brocade for Campus and Data Center Network Infosys BPO plans to set up new centre in China: reports BT Group puts plans to sell stake in Tech Mahindra on hold: reports

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Subex plans to raise US$135mn through QIP, FCCB, GDR and ADR: reports Microsoft collaborates with HomeShop18.com

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International News - December 2011 Facebook may raise US$10bn in IPO: reports Facebook Inc. is reportedly contemplating raising US$10bn in an initial public offer (IPO) that could value the social media titan at more than US$100bn.Facebook is reportedly targeting dates between April 2012 and June 2012 for the IPO, according to a Wall Street Journal (WSJ) report.Facebook is in discussions over the timing of its filing with the Securities and Exchange Commission (SEC) for the IPO, and is considering filing with the regulator before year-end, the WSJ reported.Facebook CEO Mark Zuckerberg has not made any final decisions regarding an IPO. Philippines edges out India to emerge leader in call centre biz Americans calling the customer service lines of their airlines, phone companies and banks are likely to speak to Mark in Manila than Bharat in Bangalore, according to reports.The report stated that the quiet revolution has been reshaping the call centre business: The rise of the Philippines that has a large population of young people who speak lightly accented English and, unlike many Indians, are steeped in American culture. Genpact signs five-year strategic partnership with Qingdao Govt Genpact Limited, a global leader in business process and technology management, announced that it had signed a five-year strategic partnership agreement with the government of Qingdao to foster the globalization of Chinese corporations.The Qingdao government will facilitate the establishment of partnerships between Genpact and domestic multinational enterprises in order to promote the development of Qingdao’s economy. Charles Hunting, CEO of Genpact Asia; Li Qun, Qingdao City Party Committee Secretary; relevant Qingdao government leaders; and several enterprise representatives were present at the recent ssigning ceremony. Cognizant being selected a strategic partner by Telefónica UK Cognizant has been selected as a strategic partner by Telefónica UK, a leading communications company for consumers and businesses in the UK, to develop and manage the Company’s online applications that are critical to improving sales and enhancing customer service. Under the multiyear, managed services agreement, Cognizant will provide comprehensive business and operational support to Telefónica UK’s online applications and enhance their agility, flexibility, and responsiveness to consumer demands and market changes. These applications perform a wide array of business-critical functions, ranging from promoting and providing access to Telefónica UK’s products and services, to delivering end-user self-service functionalities. Bill Gates rules out return to Microsoft: reports Bill Gates has ruled out ever returning to the helm of Microsoft while dismissing criticism by late Apple founder Steve Jobs, according to reports. Gates reportedly said recent rumours that he was considering a full-time comeback to the US software giant he founded, but stepped back from in 2006, were untrue. Gates has faced his share of criticism, with Apple innovator Jobs portraying the Microsoft founder as "basically unimaginative", says reports. IBM buys software firm Emptoris IBM announced a definitive agreement to acquire Emptoris Inc., a leading provider of cloud and on-premise analytics software that brings more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Financial terms were not disclosed. With more than 350 customers in 75 countries, Emptoris is based in Burlington, Mass. with offices in the U.S., U.K., France, Germany, Australia, India, Brazil and China. Emptoris' global clients span multiple industries including consumer products, financial services, healthcare,

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telecommunications, chemical/oil/gas, utilities, construction and industrial manufacturing. Apple acquires Israel's Anobit for US$500mn: report Apple has acquired Israel's Anobit, a maker of flash storage technology, for up to $500 mn, according to reports.The report stated that Anobit's management was in the process of gathering its staff to formally announce the acquisition by Apple.Last week Calcalist had reported that Apple was in advanced talks to buy Anobit for $400-$500 million, says reports. Cognizant plans to restructure management changes: reports Cognizant Technology Solutions is planning to restructure its management across key verticals, according to reports.The reports stated that the two global heads will lead the company's two major verticals — banking, financial services and insurance and healthcare. Cognizant reportedly said that the companyperiodically fine-tunes its organisational structure to stay truly aligned with the changing dynamics of the marketplace. CA Technologies releases new global report...‘The Future Role of the CIO 2011’ CA Technologies released a new global report; ‘The Future Role of the CIO 2011’ which reveals the extent to which cloud computing is transforming how CIOs view themselves and their role in their business. Of the Indian CIOs surveyed for the report, 60 % agree that cloud computing has enabled them to spend more time on business strategy and innovation. The ‘Changing Role of the CIO’ survey by CA Technologies has uncovered that those CIOs who have adopted cloud computing are more ambitious than non-cloud adopting CIOs. Demonstrating the extent to which CIOs view their position as a route to more general roles, almost all those (93%) who have adopted cloud computing, see their position as an opportunity or stepping-stone to other management roles compared to only 30% of non-cloud adopting CIOs Of those surveyed, 46% of cloud adopting CIOs versus 13% of non-cloud adopting CIOs saw their current job as a stepping stone specifically to the CEO position. Carlyle Group and Duff & Phelps chooses iLevel's Portfolio Management Platform Cognizant to deliver comprehensive biostatistics services for AstraZeneca Salesforce.com unveils Radian6 Social Marketing Cloud Zynga seeks up to US$1bn in IPO: reports Google inaugurates new French headquarters SAP’s subsidiary enters into merger agreement with SuccessFactors Progress Software acquires Corticon Technologies YouTube acquires licensing firm RightsFlow Zynga prices IPO at US$10 per share Google, KKR to pick up stake in California solar projects Seagate completes acquisition of Samsung hard drive business Infor acquires Product Lines from RSVP Business Yahoo plans to reduce its 40% stake in Alibaba Group: reports

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Published in 2011. © India Infoline Ltd 2011 This report is for the personal information of the authorised recipient and is not for public distribution and should not be reproduced or redistributed without prior permission. The information provided in the document is from publicly available data and other sources, which we believe, are reliable. Efforts are made to try and ensure accuracy of data however, India Infoline and/or any of its affiliates and/or employees shall not be liable for loss or damage that may arise from use of this document. India Infoline and/or any of its affiliates and/or employees may or may not hold positions in any of the securities mentioned in the document. The report also includes analysis and views expressed by our research team. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions as of the date appearing in the material and may be subject to change from time to time without notice. Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment objectives, risk profile and financial position. The recipients of this material should take their own professional advice before acting on this information. India Infoline and/or its affiliate companies may deal in the securities mentioned herein as a broker or for any other transaction as a Market Maker, Investment Advisor, etc. to the issuer company or its connected persons.

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