iPhone can’t act pricey

It’s cool and trendy. But can iPhone, the cult device from Steve Jobs Apple that turned one year old on Sunday, take on India’s hot market when it launches in the cold of the coming winter? The jury is out but Apple needs to watch out. The touchscreen device must cope with a price conscious market - and a bunch of affordable look-alikes from big brands including Korea’s LG and Samsung. Read on» » » »

Oil price reaches new high

At USD 135 a barrel, the price of oil today reached a new high. BBC News has reported that this recent increase is due to figures showing a large decrease in the US petroleum supply.

However, as of 20:00 UTC prices have fallen nearly two percent since yesterday and are back below USD 131. Over half of oil executives believe that the price will fall to USD 100 a barrel toward the end of the year according to an Associated Press report. Read on» » » »

Finnair negotiating possible partnership with major Indian airlines

photo: McGun

Finnish air carrier Finnair has entered talks with major Indian airlines concerning a possible partnership deal to feed Finnair’s international operations with doemstic conecting flights, said president and CEO Jukka Hienonen. Read on» » » »

EDS buyout pumps up pay prospects for IT army

An early sign emerged on Wednesday that the mega IT acquisition of EDS by old behemoth Hewlett Packard Company (HP) would bring cheers to techies looking for better pay and prospects amid a US economic slowdown.

The $13.9 billion marriage of the two giants is set to heat up the war for talent in the industry - and that probably means salary gains for competitive software experts. Read on» » » »

HP to Acquire EDS for $13.9 Billion

Image: włodi

Hewlett-Packard (HP), a global technology leader with major businesses operations in computer hardware, software, printing and services announced today that they will acquire Electronic Data Systems (EDS) for US$13.9 billion in an all cash deal.

The Wall Street Journal has reported that the deal has been in various stages of developement since October 2007 when the CEO of EDS, Ron Rittenmeyer, approached HP CEO Mark Hurd with a proposition to join forces. Read on» » » »

iPhone India rollout to be largest in the world

The rollout of Apple, Inc’s iPhones in India is set to be the largest, anywhere in the world. It is understood from industry sources that Apple’s iPhones will be sold through about 2.5 lakh Vodafone and Airtel retail outlets including franchisee owned shops. This rollout would be mammoth when compared to iPhones being available only in about 7000 AT&T outlets in the US apart from the Apple Stores. Read on» » » »

Now Use Google to Translate Webpages to Hindi

Google has recently added Hindi translation services to its online translation tool - Google Translate Beta.

You can even translate entire web pages to Hindi from any of the supported languages. And all this comes absolutely free. To see this in action, click here. Read on» » » »

Climbing your way to the top

Our management professors always told us about corporate life and that is why we studied and worked hard to score well and join the corporate rat race. Those were the easy days. The corporate ladder would stare at our face and we would strive hard to go up the next rung. If the corporate ladder was steep, we would run into the occasional snake and falter but it was clear that the way forward was up.

But the ladder disappeared and the corporate race changed the rules. The way forward was no longer up, it was now dictated by, what I coin, ‘The Corporate Trellis’. The corporate race today is not on the ladder but has been replaced by ‘The Trellis’. The way forward is sideways. Corporates hire and value cross-department exposure. How you move using ‘The Corporate Trellis’ dictates when you will reach the top. Read on» » » »

Price of crude oil reaches new record high

The price of oil per barrel has risen to a new all time high. During trading in Asia and in London, England the price of NYMEX Crude oil futures, per barrel, was at USD 124.34 (22:07 eastern time) setting a new record high. Read on» » » »

Microsoft Withdraws Its Bid for Yahoo

Microsoft Chief Executive Officer, Steve Ballmer

Microsoft has announced it is dropping its bid to acquire one of their Internet competitors, Yahoo, after a three-month courting effort by Microsoft.

Microsoft chief executive officer, Steve Ballmer notified Yahoo chief executive officer, chairman and co-founder, Jerry Yang via a letter that Microsoft was dropping their bid for the Sunnyvale, California based search engine giant.

In a press release from Microsoft, Ballmer said, “Despite our best efforts, including raising our bid by roughly $5 billion, Yahoo! has not moved toward accepting our offer. After careful consideration, we believe the economics demanded by Yahoo! do not make sense for us, and it is in the best interests of Microsoft stockholders, employees and other stakeholders to withdraw our proposal”. Read on» » » »