Tuesday, June 9, 2009

Bit of Rajeev Motwani in every technology, says Google




Business Week Daily dose

Tuesday, June 09, 2009
Top news
India's leading businessmen Anil Ambani and Azim Premji, as also author Vikas Swarup of "Slumdog Millionaire" fame, will be honoured at a Synergies Summit here next week to "reboot" US-India ties.
"Today, whenever you use a piece of technology, there is a good chance a little bit of Rajeev Motwani is behind it," wrote Google co-founder Sergey Brin on his mentor's death.
Technology
The fraud-tainted Satyam Computer Services has a bank balance of Rs 373 crore (about $75 million) as on March 31, the IT bellwether said Tuesday.
A Bangalore based entrepreneur, KT Lingesh committed suicide by hanging from his house ceiling in the city after he had lost a project to another company due to the lack of funds.
Venture
India's biotechnology major Biocon Ltd. Monday announced the setting up of a cell for innovation management at Hyderabad's Indian School of Business (ISB) with a corpus of Rs.1 crore.
The State Bank of India is in the final stages of inking the set up of private equity funds with
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HCL Technologies (HCLTECH) stock stood as the top gainer today, when it shot up by 12.67 percent reaching 194.35 points with a total volume of 3,140,659 shares traded.
Indian equities markets rallied Tuesday, with a key index shutting shop 461.08 points above its last closing figure.
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