U.S. venture major Greylock Partners has invested in Indian electronic payment processing outfit TechProcess Solutions (formerly BillJunction). The size of the investment has not been disclosed. Greylock executives Asheem Chandna and Ganesh Rengaswamy are managing the investment in TechProcess. TechProcess was originally backed by ICICI Ventures. TechProcess’ CEO Bikramjit Sen was an ICICI executive in the […]
This is straight out of Ripley’s Believe it or Not. Remember those clowns in the U.S. intelligence services who failed to see the 9/11 attack coming but managed to see non-existent weapons of mass destruction. Yes, those dodos now want to launch an internal communication tool called A-Space modelled on the popular social networking sites MySpace and Facebook. […]
Following in the footsteps of its larger rival TCS, Indian IT services provider Infosys has crossed the U.S. border to set up its first Latin American subsidiary in Monterrey, Mexico as part of its nearshoring strategy. The Mexican subsidiary, which includes a development center, will let Infosys provide services in time zones that are more […]
Several years after Tel3, Pingo and Reliance rolled out their card-less phone services to India, VSNL is rolling out a similar me-too international calling service for South Asian immigrants in the U.S. Dubbed Trueroots, the service was unveiled at a function on August 16 in New York City. The per minute rates for the calls, […]
Feeling the heat from Nikon, Canon has launched two new digital SLR cameras – EOS40D and the EOS-1Ds Mark III. The EOS40D is aimed at the amateur and semi-professional. Highlights of the EOS40D include: * 10.1 MP APS-C CMOS sensor * 6.5fps, 75 JPEG image burst * High precision wide area AF * 3.0″ LCD with Live […]
Silicon Valley start-up Tilera has launched a new processor called TILE64 that contains 64 programmable cores, each capable of running the open source Linux operating system. TILE64 is the first in a family of TILE Processor chips that can supposedly scale to thousands of cores. Tilera executives claim that TILE64 delivers 10X the performance of […]