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US IRS Ruling Raises Uncertainty About Yahoo’s Alibaba Spinoff

A crucial deal for Yahoo has hit a snag after the IRS refused to bless the Internet company’s proposed spinoff of its $23 billion (roughly Rs. 1,52,719 crores) stake in Alibaba Group as a tax-free transaction. Despite the rebuff, Yahoo emphasized Tuesday that the IRS didn’t rule out the possibility that the spinoff could still be completed without triggering taxes ... Read More »

Optic Fibre Laid in 23,604 Gram Panchayats Till July: DoT

The government has laid optic fibre cable (OFC) in 23,604 gram panchayats till July 2015 to provide high speed broadband connectivity under the BharatNet project. The target, though, was to roll out the network across 50,000 village panchayats by March 31, 2015. As part of the project, all the 2.5 lakh panchayats will be connected by the end of 2016. ... Read More »

Google Expands Home Delivery in US

Google on Tuesday expanded its shopping home delivery service into the midwestern portion of the United States, coving an additional 25 million people. Google Express shopping service launched two years ago added Illinois, Indiana, Iowa, Michigan, Ohio, and Wisconsin to the roster of states where it will let people order online from selected shops and then get the goods to ... Read More »

Infosys Says Cleared in US Visa Probe by Labor Department

The US Labor Department has cleared Infosys Ltd of any wrongdoing and closed its investigation after American technology workers at Southern California Edison complained their jobs were wrongfully outsourced to foreigners working on H-1B visas, Infosys has confirmed. “Infosys fully cooperated with the (Department of Labor) in this activity,” the company told Reuters in a statement, noting the company was ... Read More »

EU, US Reach Data Protection Deal

Brussels and Washington reached agreement Tuesday on a data protection deal that will allow Europeans to sue over improper use of their personal information in the United States, the EU said. The agreement, covering personal information transferred for law enforcement purposes, follows four years of talks bedevilled by European concerns about revelations of large-scale US snooping. The deal also helps ... Read More »

Microsoft Buys Cloud Computing Security Startup Adallom

Microsoft said Tuesday it bought an Israel-based cyber-security startup specializing in defending programs and content in the cloud, as it expands offerings for the enterprise. Microsoft did not disclose how much it paid for Adallom, but the website TechCrunch put the purchase price at $250 million. The acquisition comes as Microsoft responds to the trend toward cloud-based computing, in which ... Read More »

Amazon Jumps Into Restaurant Delivery in Seattle

Online retailer Amazon Inc said on Tuesday it will begin offering its own restaurant delivery service to Prime members in Seattle, marking its first push into an increasingly crowded market for meal delivery known for razor-thin margins. Amazon customers will be able to order food from dozens of restaurants in the Seattle area using the company’s Prime Now app – ... Read More »

Philips Hue Web-Enabled Lights Launched Starting at Rs. 16,995

Philips on Tuesday launched the Hue, its Web-enabled home lighting system, in India. Hue lets you control lights wirelessly and also create and change shades at your whim, even if you’re not at home. Priced at Rs. 16,995, the Hue Starter Kit comes with three Hue lamps and a bridge to control them. Separately on sale are the Hue Go ... Read More »

New Algorithm to Identify Illegal Websites Listed in Photos, Videos

A new computer algorithm that can “read” web addresses in images or videos could make blocking pornographic, gambling and other illegal sites easier for parents and law enforcement agencies, scientists say. Internet marketers of all shades might add a website address, a URL, to a graphic or photo that might then be found through an image search engine. The user ... Read More »

Experts speak on the IIT Roorkee controversy

n another turn of shocking events with the prestigious institute, IIT-Roorkee expelled 73 students for faring badly in the first year B Tech programme, who scored less than a 5 CGPA (Cumulative Grade Point Average) in their exams.  IIT-Kharagpur also witnessed a similar case when around 20 students were expelled due to their poor performance in the undergraduate exams. The ... Read More »