Wipro has been resilient during the global economic downturn and has improved profitability by increasing operating efficiency. - We affirmed the
'BBB' long-term corporate credit rating on Wipro. - The positive outlook reflects our view of expected improvement in Wipro's operating performance resulting in free operating cash flow of more than INR50 billion annually in the next two years.

Standard & Poor's Ratings Services today revised its outlook on India-based information technology (IT) service provider Wipro Ltd to positive from stable. At the same time, Standard & Poor's affirmed its 'BBB' long-term corporate credit rating on Wipro.
The outlook revision reflects Wipro's resilience to the global economic crisis and the company's ability to improve its operating performance despite the downturn. "We believe Wipro's operating performance is likely to improve further, resulting in positive free operating cash flows of more than INR50 billion annually in next two years," said Standard & Poor's credit analyst Suzanne Smith. More...

More options in the mobile space.
Twitter has further expanded its operations in the mobile space with the purchase of SMS technology start up Cloudhopper for an undisclosed sum.

Twitter's mobile business development director, Kevin Thau, explained in a blog post yesterday that the micro-blogging service was originally inspired by SMS, and that Twitter's 140-character limit was designed to allow any tweet to be read on any mobile device.More...

Over a year after Indian outsourcer Satyam Computer Services reported a major financial fraud at the company, research firm Forrester still cautions customers doing business with it.

Satyam has a new owner, Tech Mahindra, which took over the management from the middle of last year.

But clients should keep an eye on Satyam's ongoing problems such as high attrition, cultural differences between the new management and old Satyam staffers, and risks arising from the unavailability of the company's audited financials, Forrester said in a report.More...

Yahoo India has started the transfer to Microsoft of engineers working in the area of search and search advertising. The transfer is part of Microsoft's deal with Yahoo by which the software maker's Bing search engine will be used to power Yahoo searches while Yahoo will sell premium advertising for both companies.

Over 200 engineers from Yahoo India will move to a development center that Microsoft has set up in Bangalore to focus on development and research for its Online Services Division (OSD), Satya Nadella , a Microsoft senior vice president for research and development, told reporters on Thursday. More...

Buying a second-hand car has become hassle-free, courtesy the presence of corporate players like Maruti Suzuki's [ Images ] True Value and Mahindra and Mahindra's First Choice.

 

Others like Hyundai [ Images ] Motors and Ford [ Images ] India also sell used cars through their dealers. These even provide a one-year warranty and some free services.

But the buyer of a second-hand car needs to be aware of some things.

Varun Anand was surprised to find two cars - a 12-year BMW [ Images ] and a 14-year old Mercedes [ Images ] - going for less than Rs 4 lakh. When Anand checked the cars, he realised that one owner had replaced the engine with a local one. More...

Google has refreshed its online word processing (Google Documents) and spreadsheet (Google Spreadsheets) applications. In the process, it has put Microsoft on notice: realtime collaboration and online-only software are here to stay.

Realtime collaboration for Spreadsheets users was already a done deal, so Google's rewrite of the application focused on and tinkering under the hood to add more muscle to features and performance. More...

To hear Obama administration officials tell it, they've been fully engaged on the Gulf Coast oil spill since Day One, bringing every resource to bear and able to ensure without question that taxpayers will be protected.

Not quite.More...

Researchers at VeriSign’s iDefense division tracking the digital underworld say bogus and stolen accounts on the Facebook social-networking service
are now on sale in high volume on the black market.

During several weeks in February, iDefense tracked an effort to sell log-in data for 1.5 million Facebook accounts on several online criminal marketplaces, including one called Carder.su. More...

Facebook's move to export its social networking features across the Internet could bolster the company's advertising business and
pose an increasing threat to the Web's reigning advertising giants. Facebook, which has more than 400 million registered users, is the No. 1 website in the United States by page views, according to comScore.

But it is a relatively small player in the online ad market, where Google's paid search business dominates, and a variety of Web portals and ad networks battle over billions of dollars in graphical display advertising. With its new initiative to expand beyond the borders of Facebook.com, however, Facebook has created the framework for a new generation of highly targeted ads. More...

BEIJING: China will bring to an end anonymous online comments and "harmful information" on the Internet would be monitored, an official said.

Wang Chen, director of the State Council Information Office, said China would strengthen its monitoring on "harmful information" on the Internet in an attempt to prevent "overseas hostile forces from infiltrating through the Internet", China Daily reported on Tuesday. More...