The global investment arm of chipmaker Intel, Intel Capital, is investing in Happiest Minds Technologies Pvt Ltd. The company has also announced an investment in Mobile Solutions Developer – TeliBrahma Convergent Communications Private Limited. The exact quantum of investment has still not been shared. Intel had setup a US$ 250Mn Intel Capital India Technology Fund in December 2005 “To help...

Tata Communications has registered a 30 per cent decline in standalone revenues at Rs. 759 crores compared to Rs.992 crores in the same quarter last year. The bottom line also took a serious hit and came in lower by 68 per cent at Rs 10.45 Crs against Rs 33 Crs. The major reason for decline in revenues was lesser demand for wholesale voice services in telecommunication services segment which contributed...

This week Mindtree announced that it will enter the mobile products business and begin making handsets. Don’t jump yet, because they will be white labeled products. The solution will be called N!Mo (Next in Mobility) and will offer feature-rich, ready to brand mobile handsets to telecom service providers and Original Equipment Manufacturers (OEMs). This follows Mindtree’s acquisition of Kyocera...

Today we have two important Industry movements via WATJob.com.   1) Uday Zokarkar To Launch His Own Venture And Quits As Chief Business Officer Of ClickJobs   2) Dinesh Vaswani Quits Temasek And Co-Heads Englefield Capital In India   Before moving on with the main news I would like to update our readers regarding WATJob.com.   WATJob.com is job blog dedicated to jobs in Internet...