Business

Top 10 Software Companies in India 2012 Rank Company 1 Tata Consultancy Services Ltd. 2 Infosys Technologies Ltd. 3 Wipro Technologies Ltd. 4 IBM 5 Google India 6 Reliance Communications Ltd 7 Microsoft India 8 Accenture 9 HCL Technologies 10 L&T Infotech Ltd. Read More »

The $173 Billion bailout talks critical for Greece’s survival failed after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fueled outrage in the recession-hit country. After marathon meetings with party leaders and international debt inspectors that ended about 5 a.m. (0300GMT), Finance Minister Evangelos Venizelos headed to Brussels to ... Read More »

Oracle today,rejected $272 million award from SAP,  says it would rather have another trial over SAP’s theft of software and customer-support documents then accepting the offer. A jury awarded Oracle $1.3 billion in the case in November 2010, but a federal judge cut that amount last September. In a Monday filing in a federal court in Oakland, California, Oracle confirmed ... Read More »

Micron Technology Inc has lost it’s CEO and Chariman Steve Appleton in a small plane crash on Friday. As Micron Technology is already struggling to make ends meet this loss will further drag it behind. The 51-year-old Appleton, a three-decade industry veteran who performed stunts at airshows, died after the small plane he was piloting crashed at an airport in ... Read More »

Electronics manufacturer Sony has suffered a $2.9 Billion loss annual lose and it’s new CEO Kazuo Hirai who said he will straighten things out but it will all come with pain. Overtaken by more innovative rivals such as Apple Inc and Samsung Electronics over the past decade, Sony posted a $2.1 billion net loss for October-December, normally a strong quarter ... Read More »

Looks like everyone favorite Twinkies is in trouble. The makers of Twinkies, Hostess is seeking bankruptcy protection as the company is struggling to make ends meet. Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. In its filing with the U.S. Bankruptcy ... Read More »

India wants foreigners to directly invest in it’s stock market. Till now foreigners could not make any direct investment in the stock market but they will be able to invest through Mutual Funds. So, why this sudden move especially after the uproar in the country over Foreign Direct Investment in the retail sector. They got their reasons, they want to ... Read More »