Ex-Goldman talent have had influence at the highest reaches of government

September 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.

July 13th, 2009 CIT Group, Goldman Sachs, Microsoft are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: CIT Group Inc., down 18 cents at $1.35 Despite indications of government support, shares of the troubled lender sank as talks with regulators on help raising capital continued. Goldman Sachs Group Inc., up $7.57 at $149.44 Analyst Meredith Whitney, famous for her pessimistic calls, upgraded the investment bank to a "buy" a day before its earnings release.

January 12th, 2009 NEW DELHI - A parliamentarian had raised the issue of irregularities in Satyam Computer Services way back in 2001 but then Andhra Pradesh Chief Minister N. Chandrababu Naidu and the National Democratic Alliance (NDA) government had ignored the matter, the Congress party said Tuesday.

June 26th, 2009 SILICON VALLEY - Hailing the appointment of Infosys chief Nandan Nilekani as chairman of the Unique Identification Database Authority of India (UIDAI), Silicon Valley's Indian giant Kanwal Rekhi said Prime Minister Manmohan Singh should induct more professionals in his government. "This is a very good move.

September 18th, 2009 Govt review: No privacy problems in cyber securityWASHINGTON — The Justice Department has concluded that a beefed-up surveillance program that monitors federal employees' Internet traffic does not violate their rights or those of private citizens who communicate with them. But the review of the Einstein 2 program was limited and leaves important questions unanswered, said the vice president of an Internet freedom watchdog group.

August 13th, 2009 AIG reaches deal to sell Indian IT unit to MphasiSNEW YORK — American International Group reached a deal to sell another unit on Wednesday. The battered insurance giant will sell its AIG Systems Solutions Pvt.

July 6th, 2009 NEW DELHI - The government expects to raise as much as Rs.35,000 crore ($7.2 billion) from auction of third generation (3G) spectrum, Finance Minister Pranab Mukherjee said Monday while presenting the budget for 2009-10 in the Lok Sabha. The estimated figure, included in the receipts from the "other communications services" category in the budget, is higher than what Communications and IT Minister A.

April 12th, 2009 BANGALORE - India's fourth largest software exporter Satyam Computer will get a new buyer Monday, a little over three months after its founder B. Ramalinga Raju shocked India Inc by admitting massive financial fraud of Rs.7,800 crore (Rs.78 billion).

March 5th, 2009 NEW DELHI - The government Thursday named External Affairs Minister Pranab Mukherjee - seen as the man for all reasons - as the head of a group of ministers (GoM) formed to suggest the base price for third generation (3G) radio spectrum, giving hope that the auction may still take place before elections. The GoM will not only decide the minimum bid amount for the scarce radio frequency, but also the number of players who can offer the next generation mobile phone services in each circle, officials said.

January 19th, 2009 CANNES - Spanish singer Enrique Iglesias has said that illegal downloading of songs from the Internet 'is like going to the supermarket and coming out with... two melons under your arm, free: it's all stealing in the end', EFE news agency reported.

February 2nd, 2009 WASHINGTON - China is unlikely to overtake India in outsourcing business anytime soon and it would take not one country but a lot of small ones to knock it off the top, according to a US expert. 'China is pretty far behind India and even places like the Philippines and Eastern Europe.

January 26th, 2009 HYDERABAD - The fraud-hit Satyam Computer Services has received several proposals from corporate entities and private equity (PE) firms to evaluate it as an integrated company, the IT bellwether said here Tuesday but ruled out selling 'parts' of its business. 'Appropriate, fair and transparent measures for enabling open bids will be devised by the board in consultation with market regulator (SEBI) and the government, as adequate number of bidding interests have been evinced,' board member T.N.

February 11th, 2009 NEW DELHI - The perpetrator of the Rs.70-billion (Rs.7,000-crore/$1.43 billion) accounting fraud at Satyam Computer Services will not go scot-free, Minister for External Affairs Pranab Mukherjee said here Thursday. 'In the recent past, we have seen an unfortunate case, a failure which has attracted considerable attention,' Mukherjee said in his address at the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).

February 12th, 2009 COLOMBO - Sri Lanka's President Mahinda Rajapaksa Friday appointed N.R. Narayana Murthy, chairman of India's Infosys Technologies, as his international advisor on information technology, the president's office said.

January 8th, 2009 HYDERABAD/NEW DELHI - The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major. The government has cancelled a Satyam board meeting scheduled for Saturday in Hyderabad.