Here’s a look at this week’s Top 10 tech news.
- 1 Joint Working Group to strengthen cyber security
- 2 Microsoft launches Ed-vantage in India
- 3 Google unveils Chromebook
- 4 Prayag Group enters mobile market, makes Govinda brand ambassador
- 5 Microsoft launches Xbox Music
- 6 EXL Services acquires Landacorp Inc for $38 million
- 7 Yahoo exits its first Asian market, pulls out of South Korea
- 8 Quarterly reports: HCL Tech’s net profits increase 78%, TCS’ 44%
- 9 6.5 crore Facebook users in India, 8 fold increase in just two years
- 10 Google reports 20% lower profits, trading halted on NASDAQ after sharp plunge
Joint Working Group to strengthen cyber security
The government announced that a permanent Joint Working Group will be set up under the National Security Council Secretariat (NSCS) to strengthen cyber security in India. JWG will be a public-private partnership and will oversee establishment of testing labs, audits and setting up a centre of excellence. Training law enforcement agencies in cyber crime and making people more aware about cyber securities are among many other recommendations given by the JWG’s report.
Microsoft launches Ed-vantage in India
Microsoft India launched Ed-vantage in India in a bid to partner with academic institutions including universities and colleges to further technological innovations and to make students employable.
"The introduction of Ed–vantage represents an all new way that in the way academic institutions can work more closely with Microsoft than ever before, to leverage the technology and programs that we have to offer, build the right skills to become more employable while getting innovative " said Sanket Akerkar, MD, Microsoft Corporation India Pvt Ltd.
Google unveils Chromebook
Google unveiled Chromebook, a low cost notebook that will retail for $249. Based on Google Chrome’s browser, the notebook has an 11.6 inch screen, Wi-Fi, VGA Camera, Bluetooth, USB ports and an HDMI port. Chromebook does not have a hard disk, is aimed at functioning like a terminal connected to the internet and will be integrated with Google services including Gmail and YouTube. The search giant is offering 100 GB of Google Drive Cloud Storage with Chromebook.
Prayag Group enters mobile market, makes Govinda brand ambassador
Kolkata based Prayag Group entered the mobile market with four handsets priced between Rs. 2,000 and Rs. 3,000. The value-for-money devices are aimed at rural and semi-urban markets. It was reported that Prayag Group will import parts from China and assemble them at their unit in Kolkata.
The company has also launched budget android tablets priced between Rs. 7,000 and Rs. 10,000 in a bid to enter the growing tablet market in India. Bollywood actor Govinda has been roped in as a brand ambassador.
Microsoft launches Xbox Music
Microsoft launched Xbox Music, a service that will go head to head with Apple’s iTunes and Amazon’s Cloud Player. Made available to Xbox console users this week, the service will also be branched out to Windows based devices post the launch of Windows 8.
Microsoft reportedly wants to take Xbox Music to the android and iOS platform by next year.
EXL Services acquires Landacorp Inc for $38 million
NASDAQ listed BPO firm EXL Services acquired Landacorp Inc, a healthcare tech solutions provider for $38 million.
"This acquisition brings us a best-in-class proprietary technology platform, embedded analytics and deep healthcare domain expertise. Equally important are Landacorp’s strong relationships with many leading health insurers and its strong culture of client centricity" said Rohit Kapoor, Vice-Chairman & CEO, EXL Services. Landacorp Inc will be renamed as EXL Landa, said the company in a press release. Headquartered in US, EXL Services has a significant presence in India apart from offices in other countries including UK and Singapore.
Yahoo exits its first Asian market, pulls out of South Korea
Yahoo announced that it would be pulling out of South Korea, its first exit from an Asian market. Increased competition from local competitors and Google was said to be the driver behind the move. The company will be shutting down its office which employees about 250 people and will be terminating its South Korean portal.
Quarterly reports: HCL Tech’s net profits increase 78%, TCS’ 44%
As quarterly reports continued to emerge, HCL Tech posted a net profit of Rs. Rs. 885 crore for July to September 2012, up 78% from the same period in 2011. The company’s shares rose to a 12 year high, closing the week at Rs. 603.80. TCS’ reported a quarterly net profit of Rs. 3,512 crore, up 44% QoQ. The company added 41 new clients during the period.
6.5 crore Facebook users in India, 8 fold increase in just two years
"We are pleased to announced that over 65 million people in India are using Facebook to share and connect" said Kirthiga Reddy, Director, Facebook India.
This indicates an 8 fold increase in the number of Indians logging in to the social network at least once a month in the last two years. In 2010, there were 80 lakh active Facebook users in India, a number that has spiraled into 6.5 crore in just 24 months. comScore had reported Facebook as the most visited website in India.
Google reports 20% lower profits, trading halted on NASDAQ after sharp plunge
Billions of dollars were wiped off Google’s market value after a document regarding the company’s latest earnings report was accidently released by its printers. Google’s share price dropped from $754.51 to below $680 after which trading was halted.
"Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document." said a company statement. The search giant reported quarterly net profits of $2.18 billion as compared to $2.73 billion in Q3 2011.