|
CBI to Probe Satyam scandal
The Andhra Pradesh government has decided to assign the CBI to investigate
the Rs 7,800-crore Satyam scandal. The decision was taken following allegations
that the states Crime Branch-Criminal Investigation Department (CB-CID), which
has been in charge of the probe, has been going easy on the investigations due
to political pressure from senior politicians. The case is currently being
investigated by the Serious Fraud Investigation Office (SFIO) in Hyderabad.
KPMG Lists IT/BPO Emerging Cities
According to the KPMG Exploring Global Frontiers, the new Emerging
Destinations report thirty-one relatively unexplored cities for IT and BPO has
been identified. Ahmedabad, Jaipur and Nagpur are among the emerging cities for
the IT/BPO industry in India. a pioneer in the global offshoring industry, India
has clocked revenues of $40.3 bn through exports in FY 2008 and employs close to
two million people.
Roadside Romeo Bags FICCI BAF Award
Roadside Romeo, the animation film created by Tata Elxsi Visual Computing
Labs (VCL), for Walt Disney Pictures and Indias Yash Raj Films, has been
awarded the FICCI BAF Award 2009 in the category of Best Animated Feature Film
by FICCI-Frames in Mumbai. Tata Elxsi VCL also won the award for their
outstanding visual effects in the TV commercial, Himani Fast Relief in the
category of Best VFX in a commercial.
|
Google Ocean locates lost city
of Atlantis? |
| Atlantis, the mythical lost city
is believed to have sank beneath the ocean some 11,000 years back. But some
explorers now say that it is no longer a myth and the lost city has been
located off the African coast with the help of Google Ocean, a 3D software
powered by Google. According to a
report in The Sun, Google Ocean has captured an image showing a grid that
features a rectangular perimeter of the seabed, a possible location for
Atlantis. The particular region, 620 miles off the west coast of Africa near
the Canary Islands, is a location for the legendary continent seemingly
suggested by the ancient philosopher Plato.
Atlantis is believed to be an island
civilization sunk by an earthquake and floods around 9,000 BC. According to
Platos account, the city sank beneath the ocean after its residents made a
failed effort to conquer Athens around 9000 BC. The grid showed up on
Google Ocean, a Google Earth extension that uses a combination of satellite
images and marine surveys.
It was an aeronautical engineer from Chester,
named Bernie Bamford, who spotted the lost city, the newspaper said. Dr
Charles Orser, curator of historical archaeology at New York State
University, and an authority on Atlantis, called this as fascinating, The
Sun said. The site is one of the most prominent places for the proposed
location of Atlantis, as described by Plato. Even if it turns out to be
geographical, this definitely deserves a closer look, the newspaper quoted
Orser as saying.
Despite all the security concerns the
software seems to be making a leap in discovering the hidden secrets. What
do you think of the possibility of this third eye that unravels the
oceanic mysteries? |
Satyam to Cut Cost
Satyam Computer Services has announced cost-cutting measures to deal with the
financial crisis in the company and meet the challenges posed by the global
economic slowdown. The measures include relocating onsite support staff. The
company has also reportedly put a freeze on expenses relating to internal issues
and decided to terminate lease of several rented premises to provide a sizable
saving. Meanwhile, acting Finance Minister Pranab Mukherjee has said the
government has no plans to bail out Satyam.
Pink Panties Revolt
A forum, A Consortium of Pub-going, Loose and Forward Women, created in
Facebook, has run an online protest Pink Chaddi (Panties) campaign this
Valentines Day against the recent attack in Mangalore, allegedly by Ram Sena,
on the pub going women. As the name suggests, the campaigns motto was to gift
pink panties to Pramod Mutalik, marking their love for him. The forum already
has over 17,000 women as well as men from worldwide, and the count is
increasing.
Perot Tops in RCM
For the second consecutive year, Perot Systems has received the #1 ranking
in several categories of the Black Book of Outsourcing Healthcare Industry
survey. According to the 2008 survey results, Perot Systems Revenue Cycle
Solutions team is the highest rated overall vendor in the category of Revenue
Cycle Management. The RCM solution from Perot has helped its clients to improve
their revenue cycle performance and recovered billions of dollars in the
healthcare sector.
MAIT Welcomes 3rd Financial Package
MAIT, the apex body representing Indias IT hardware, training and R&D services
sectors, welcomed the announcement of the third package for economic stimulus by
the Union Government to give a boost to domestic consumption and provide relief
to the industry through 4% reduction of excise duty and 2.5% reduction in
service tax. This will help to bring down the prices of IT products other than
computers.
Page(s) 1
| 
Print
Comment
Email
Digg
Del.icio.us
Reddit
Twitter
