Tata Consultancy Services has rolled out IT-as-a-Service (ITaaS) for small and medium businesses. A subscription-driven model, some of ITaaS’ features include: 1) Customized low-cost solutions scalable to SMBs growing needs 2)Â Flexible pricing options that lets SMBs pay as they use 3)Â Allows SMBs to take advantage of TCS’ intellectual property, infrastructure and scale, as well as […]
ICICI Bank has lost $263 million because of its exposure to credit derivatives and fixed income investments. ICICI executives acknowledged that the bank and its overseas banking subsidiaries have an aggregate exposure of $2.2 billion in credit derivatives. The bank claims it †has no material direct or indirect exposure to US sub-prime creditâ€.
Greedy desi butcher and Citigroup CEO Vikram Pandit may fire more employees than previously reported. Soon after taking over as CEO of struggling Citigroup, Vikram Pandit started sacrificing Citi jobs even as he grabbed about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. New […]
(Update – Shivani Sud wins Intel Science Talent Search Competition.) The fate of the Eight Desi geniuses who made it to the finals of the Intel Science Talent Contest will be decided on March 11, 2008. The eight desis are competing with 32 others for honor and $500,000 in prize money. The grand prize is […]
Watching George Clooney on screen after seeing our Bollywood bozos like Ajith, Vijay, Shahrukh Khan, Salman Khan, Abhishek Bachchan, Aishwarya Rai, Priyanka Chopra et al prance around like hippopotamuses in heat in movie after movie is like the sight of water to a lost traveler in the vastness of the merciless Sahara. “Do I look […]
For over six years, we stood steadfast in our determination not to join the hordes who fell under the sway of Apple’s iPod music player. Launched in October 2001, the iPod has achieved iconic status in the U.S. It’s everywhere – in the subway, in the bus and in the mall. Apple claims to have sold […]