Apple CEO Steve Jobs today sent out an e-mail to all Apple employees acknowledging that his health issues are more complex than he’d thought earlier. Jobs is now taking medical leave of absence from Apple for five months, i.e. until the end of June. No details were provided on the nature of Jobs’ health problems. […]
Adding to its investments in India, Intel Capital (the VC arm of the chip giant) is putting $23 million in three startups in the country. The startups are One97 Communications, a provider of value-added services like ring tones and games for mobile phones, online B2B marketplace IndiaMart and vocational educational institute Global Talent Track, according to […]
Silicon Valley startup ViVu Inc. (with a development center in Bangalore) has raised around $1 million in its first round of funding. The round was led by Draper Fisher Jurvetson and Amidzad Partners, with participation from Quest Ventures and other angel investors, including serial entrepreneurs Bill Carrico and Amarjit Gil. Founded by startup veterans from […]
Chandni Chowk to China is Garbage, Say Critics Will Warner Bro. explain its double standards when it comes to piracy? Warner Bros has no problems in working with stars like Akshay Kumar, whose Heyy Babyy was an outright theft of the Hollywood film Three Men and a Baby. But when it comes to the same Akshay Kumar […]
What are Indian policemen doing when they are not busy encountering (i.e engaging in cold-blooded murder of people)? Easy answer – When Indian policemen are not encountering, they are very busy extorting bribes. A new report by Trace International based on a 16-month study of collecting and analyzing reports of bribery demands in India has found that policemen […]
Trading in Indian IT services provider Satyam shares resumed today on the New York Stock Exchange after they were halted following disclosures of massive accounting fraud by the top management of the company. Satyam’s shares were down about 82% to $1.64 on the NYSE at 1:52PM EST. Earlier today, Satyam’s shares fell as low as […]