Microsoft has acquired UK-based European online mapping service provider Multimap for an undisclosed sum. Multimap provides online maps, point-to-point driving directions and geo-spatial (“where’s my nearest?”) searches to businesses and consumers in Europe. Besides free mapping services for consumers, Multimap offers location-based services such as mapping, proximity searching, routing, aerial images with map overlay, local information and […]
Struggling financial services conglomerate Citigroup named Vikram Pandit, 50, as its new CEO and board member effective immediately. Vikram Pandit, who hails from Nagpur in India, was most recently Chief Executive Officer of Citigroup’s Institutional Clients Group, which comprises Citi Markets & Banking and Citi Alternative Investments. For his new job as Citi CEO, Vikram […]
We remember it all as if it happened just yesterday. But it was actually 1992. IBM reentered India through a joint venture with the Indian conglomerate Tata called Tata Information Systems Ltd (subsequently changed to Tata-IBM and later to IBM after Tata and IBM parted ways in 1999). And Mike Klein, the Bullet motorcycle-riding IBM expat, […]
Vikram Pandit is the favorite to be named as CEO of struggling financial giant Citigroup. Reporting that Citigroup would name a CEO soon, the Wall Street Journal (subscription required) said in its Saturday edition: The front-runner is Vikram Pandit, who currently oversees Citigroup’s investment bank and alternative-investments businesses, the people said. That would fill the […]
U.S. Jaguar car dealers are opposed to selling the premium Jaguar brand to an Indian company saying that it would screw the brand’s luxury image. Two Indian companies Tata and Mahindra have expressed interest in acquiring the Jaguar brand from Ford. Ken Gorin, Chairman of the Jaguar Business Operations Council, a group representing Jaguar car […]
India’s active Internet user base in 2007 is still a pathetic 32 million, according to a new survey report put out by the Internet and Mobile Association of India (IAMAI). This represents a growth of 10.9 million active users over 2006. The IAMAI is also throwing out a figure of 46 million Internet users in the […]