1 Mar 2011: Google backs climate-change weather insurance startup
Google was among investors pumping $42 million into a climate change inspired technology startup that calculates the chances of crops being ruined by weather.
WeatherBill launched Total Weather Insurance in 2010 as a way for US farmers protect themselves against being devastated by weather, which the US Department of Agriculture blamed for 90 percent of crop losses last year.
WeatherBill launched Total Weather Insurance in 2010 as a way for US farmers protect themselves against being devastated by weather, which the US Department of Agriculture blamed for 90 percent of crop losses last year.
28 Feb 2011: Baring puts MphasiS on billing rates
After being hammered on the bourses last Friday over issues of corporate governance, the pressure on Bangalore-based MphasiS has intensified.
Baring Private Equity Partners (BPEP), the second largest shareholder in IT services firm MphasiS, said that it could be better for the company's management and owner Hewlett Packard (HP) to disclose pricing details of the outsourced work undertaken by the former since it was a related party transaction.
Baring is not the only one. Some other restive minority shareholders, especially mutual funds, said that they are also looking at the option of putting pressure on MphasiS for a possible share buyback.
Baring Private Equity Partners (BPEP), the second largest shareholder in IT services firm MphasiS, said that it could be better for the company's management and owner Hewlett Packard (HP) to disclose pricing details of the outsourced work undertaken by the former since it was a related party transaction.
Baring is not the only one. Some other restive minority shareholders, especially mutual funds, said that they are also looking at the option of putting pressure on MphasiS for a possible share buyback.
25 Feb 2011: Nilekani seeks to allay privacy fears surrounding 'Aadhar'
Allaying privacy fears surrounding 'Aadhar', the Unique Identification Authority of India Chairman Nandan Nilekani said the project would in no way put at risk citizens' security and rights.
"The data collected of the individual by means of biometric system will only be for the sake of their identification and access to other facilities like availing bank loans, being part of the PDS system and others. There is no way other agencies or non-concerned parties having access to the Aadhar data base," Nilekani said.
Oracle Corp should be paid no more than $408.7 million for copyright infringement carried out by a SAP AG subsidiary, the European software company argued in a court filing.
A Northern California jury awarded Oracle $1.3 billion last November over accusations that SAP subsidiary TomorrowNow wrongfully downloaded millions of Oracle's files.
24 Feb 2011: Tech Mahindra bags Vodafone contract
Tech Mahindra has won a multi-million dollar IT contract from Vodafone for the telco's operations in Qatar . The contract covers application development and maintenance, infrastructure management and other services.
"The value of the deal is not being disclosed at this point," said Krishna Gopal, Vice-President (sales), Middle East, Africa and Saarc, Tech Mahindra. Vodafone has around 700,000 subscribers in Qatar.
23 Feb 2011: MindTree inks two deals worth more than $70 mn
MindTree Ltd said it has won two orders worth more than $70 million over the next five years, sending the mid-sized IT services firm's shares up more than 10 percent. The company has inked deals with an information and communication technology service provider in Europe and a U.S.-based bank
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