Kerala software park to be expanded over 160 acresJuly 27th, 2009 CHENNAI - The second phase of softyware park Infopark in Kochi, which may be developed under a public-private partnership (PPP) model, will come up over 160 acres, said a top company official here Monday. "We are getting into the second phase of Infopark's expansion.
Two Pricewaterhouse officials arrested in Satyam fraudJanuary 23rd, 2009 HYDERABAD - Two officials of PricewaterhouseCoopers, the firm that audited fraud-hit Satyam Computer Services' books, were arrested Saturday for their alleged role in the irregularities. The Crime Investigation Department (CID) of the Andhra Pradesh police, probing the Rs.70 billion (Rs.7,000 crore/$1.43 billion) fraud in the IT bellwether, arrested chief relationship partner S.
Satyam's former CFO Srinivas arrestedJanuary 9th, 2009 HYDERABAD - In the third arrest in the Satyam Computer Services scam, the former chief financial officer (CFO) of the IT bellwether Vadlamani Srinivas was held by Andhra Pradesh police Saturday night in connection with the Rs.70 billion fraud. Srinivas was very close to the company's founder chairman B.
Coming soon, prayers through Tweets!April 28th, 2009 LONDON - The leader of four million Roman Catholics in Ireland has encouraged social network members to text, Twitter or e-mail daily prayers to their family and friends. Cardinal Sean Brady made the appeal as he unveiled a statue of Father Patrick Peyton, known as the Rosary Priest.
Polaris to set up centre for insurance solutionsApril 14th, 2009 CHENNAI - City-based banking, financial services and insurance software company Polaris Software Lab Ltd will invest $20 million to set up a centre for excellence for insurance near Chennai, a top official said Tuesday. 'The eight-storey centre will house 2,500 employees and will be completed in 18 months,' Arun Jain, chairman and chief executive of Polaris, told reporters at the foundation stone laying ceremony.
Satyam's Ramalinga Raju, brother arrestedJanuary 8th, 2009 HYDERABAD - The Andhra Pradesh police Friday night arrested disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju and his brother and former company managing director B.
Indian photographer Faces Lawsuit over Displaying Water Shortage juxtaposed with Coke Ad on BillboardJuly 18th, 2005 An well-known photographer Sharad Haksar has been threatened with legal action by beverage giant Coca-Cola Co. for displaying one of his photographs - depicting water shortages against a backdrop of the company's ubiquitous logo - on a giant billboard.
Two Price Waterhouse partners arrested for Satyam fraudJanuary 23rd, 2009 HYDERABAD - Two partners of Price Waterhouse, the firm that audited fraud-hit Satyam Computer Services' books, have been arrested, police said Saturday. The Crime Investigation Department (CID) of the Andhra Pradesh police, probing the Rs.70 billion (Rs.7,000 crore/$1.43 billion) fraud in the IT bellwether, arrested chief relationship partner S.
Maine man first charged with selling stolen tractors, now accused of vandalizing carSeptember 10th, 2009 Charged Maine man now accused of vandalizing carPORTLAND, Maine — A Lewiston, Maine, man charged last month with selling stolen tractors on eBay is facing a new charge of criminal mischief. Matthew Theriault, 25, was indicted on charges of wire fraud and lying to an FBI agent.
Polaris net profit up 79 percentApril 20th, 2009 CHENNAI - Chennai-based Polaris Software Monday said its net profit was up 79 percent at Rs.130.71 crore for 2008-09, compared to Rs.73.22 crore earned the previous year. The company's revenues grew 25 percent to stand at Rs.1,377.95 crore from Rs.1,099.3 logged the fiscal before, it said in a regulatory statement.
Kerala set to open first phase of Rs.600-cr IT parkSeptember 18th, 2009 KOCHI - The first phase of the Rs.600-crore Koratty information technology park in Kerala, being set up as part of the state government's plan to open IT parks in all districts, will be opened Oct 10. The project, coming up on 42 acres in Koratty in Thrissur district, is one of the fastest developed IT parks in the state, Siddhartha Bhattacharya, chief executive of Infopark Kochi, which is developing the project, told IANS.
Two arrested from Kolkata for Noida cyber fraudFebruary 16th, 2009 NOIDA - Two suspects have been arrested from Kolkata for the Rs.4 million fraud by a BPO employee who allegedly diverted insurance funds into accounts opened in Britain under false names, the police said Tuesday. The latest arrests were made a month after key accused Edward Burns, senior executive of a leading BPO firm here, was arrested Jan 17.
Two arrested from Kolkata for Noida cyber fraudFebruary 16th, 2009 NOIDA - Two suspects have been arrested from Kolkata for the Rs.4 million fraud by a BPO employee who allegedly diverted insurance funds into accounts opened in Britain under false names, the police said Tuesday. The latest arrests were made a month after key accused Edward Burns, senior executive of a leading BPO firm here, was arrested Jan 17.
CID grills Satyam's former CFOJanuary 10th, 2009 HYDERABAD - The Crime Investigation Department (CID) of Andhra Pradesh police Sunday continued interrogation of Vadlamani Srinivas, the former chief financial officer (CFO) of the IT bellwether Satyam Computers, in connection with the Rs.70 billion fraud. CID officials said they would produce Srinivas before a magistrate later in the day.
Tamil Nadu to announce new policy for IT sectorJuly 8th, 2009 CHENNAI - The Tamil Nadu government will announce a slew of measures to help IT sector attract fresh investments, a senior official here said Wednesday. "The proposals will be announced in the assembly," IT Secretary P.W.C.
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