Silicon Valley startup ViVu Inc. (with a development center in Bangalore) has raised around $1 million in its first round of funding. The round was led by Draper Fisher Jurvetson and Amidzad Partners, with participation from Quest Ventures and other angel investors, including serial entrepreneurs Bill Carrico and Amarjit Gil. Founded by startup veterans from […]
Chandni Chowk to China is Garbage, Say Critics Will Warner Bro. explain its double standards when it comes to piracy? Warner Bros has no problems in working with stars like Akshay Kumar, whose Heyy Babyy was an outright theft of the Hollywood film Three Men and a Baby. But when it comes to the same Akshay Kumar […]
What are Indian policemen doing when they are not busy encountering (i.e engaging in cold-blooded murder of people)? Easy answer – When Indian policemen are not encountering, they are very busy extorting bribes. A new report by Trace International based on a 16-month study of collecting and analyzing reports of bribery demands in India has found that policemen […]
Trading in Indian IT services provider Satyam shares resumed today on the New York Stock Exchange after they were halted following disclosures of massive accounting fraud by the top management of the company. Satyam’s shares were down about 82% to $1.64 on the NYSE at 1:52PM EST. Earlier today, Satyam’s shares fell as low as […]
Wipro took over 18 months to disclose its troubles with the World Bank that led ultimately to the bank banning it for providing improper benefits to its staff. Se we asked Wipro a few basic questions like why the company had not disclosed the serious problems with the World Bank earlier, the names of the […]
What Else is Wipro Hiding? After Satyam, another major Indian IT services provider – Wipro – now stands disgraced. The World Bank has banned Bangalore-based Wipro for four years from receiving direct contracts from the Bank Group under its corporate procurement program. On its web site, the World Bank has cited Wipro for providing improper benefits […]