Hot News from 30th Aug to 4th Sept

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Hot News from 30th Aug to 4th Sept 2010 : 

Presented by Harsimran Singh MBA 2 c Hot News from 30th Aug to 4th Sept 2010

Google acquires social networking startup Angstro : 

Google acquires social networking startup Angstro AN FRANCISCO: Google Inc has acquired Angstro, a startup that sorts news and information across social networks like Facebook, a spokesman for the leading Web search provider said on Sunday. Palo Alto-based Angstro has developed applications to find photos on Facebook, combine Caller ID with LinkedIn profiles and other tools for Twitter, according to the company's website. "The struggle for open, interoperable social networks is still only just beginning," Angstro co-founder Rohit Khare said in a blog post last week. Google, which runs the top search engine in the United States with more than two-thirds of the market, did not disclose the terms of the agreement.

Contd… : 

Contd… The Angstro deal underscores the importance to Google of social networks in an increasingly competitive Internet search arena which it dominates. Last week, Google launched a website for users who want to sift through news, comments and other information on the Internet in real time, letting them follow conversations on social network hubs like Facebook and Twitter in one place. Microsoft has also announced partnerships with Twitter and Facebook to provide real-time search results. The buying of Angstro follows acquisitions by Google earlier this year of small startups like Plink, which makes visual search engines, and video broadcaster Episodic.

Infosys BPO loses work from Deutsche Bank : 

Infosys BPO loses work from Deutsche Bank BANGALORE: Deutsche Bank is moving a portion of its back office processes from Infosys BPO to its captive centre in the city. Critical processes related to clients' trade and derivatives will move to Deutsche Network Services in Whitefield. Some 150 people are working on this process. Infosys has another 500-plus BPO executives working for various other processes of Deutsche Bank who will remain with Infosys. Following the bank's decision, Infosys sent an official communique to the 150 employees giving them the option to leave the company to be with Deutsche Network Services for much higher salaries.

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The salary increment varied from person to person, but many got about 50% increase. Most are accepting this MNC job offer," said a person close to the development. When contacted, an Infosys spokesperson told TOI, "Clients often move work back and forth and it is only a routine affair." Deutsche Bank could not be reached for a comment.

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EW DELHI/MUMBAI: Indian companies are mulling options that include leaving Research in Motion (RIM) for other smartphone makers as they face a threatened ban on BlackBerry services that could disrupt business. RIM's rivals Apple Inc and Nokia would be among the biggest gainers if India blocks BlackBerry services. BlackBerry ban? Apple, Nokia could be among main beneficiaries

Contd.. : 

Contd.. Both firms are waiting to gain share in a market that has been mostly dependent on BlackBerry. BlackBerry, once a synonym for safe corporate communication, faces an Aug 31 deadline for giving Indian security agencies access to its corporate email and messenger services, failing which the services would be blocked, the government has said.

Contd : 

Contd General Electric's Indian unit, which has about $2.6 billion in revenue in the country, has already started discussing options to switch to other services, a person familiar with the matter told Reuters. The person said options included Apple's iPhone services, though a final decision would be made only after the government makes a decision. Infosys Technologies Ltd, India's No. 2 IT software services exporter, would look at using alternate services for communications to ensure that its business was not affected if some BlackBerry services were banned. "We hope that this issue will be resolved soon," said an Infosys spokeswoman. "If the need arises, we will use alternate services to help our staff remotely access mails."

Contd.. : 

Contd.. An official with one of the leading European banks in India said the bank could look at using other smartphones if BlackBerry services were blocked in the world's fastest-growing wireless market. "The plans are very preliminary at this stage, but we will have to look at some alternate arrangements if the BlackBerry service is blocked in the country," said the official with the bank, declining to be named as the discussions were confidential.

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Thank you

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