Two Indian born Stanford graduate students have developed the top-paid application in the entire iPad section of the App Store.
American lawmakers plan to make it less attractive for the country's multinational giants IBM and GE to expand their workforce in cheaper locations such as India by taxing their income from international markets, and encourage job creation by renewing several expired tax breaks for local R&D.
Infosys Technologies says it has not so far seen any impact of the crisis in some European countries.
Bank of Ireland has shortlisted HCL Technologies and IBM for an outsourcing contract potentially worth over $600 million, replacing incumbent vendor HP, which had signed a seven-year deal with the bank in 2004.
Here is a weekly roundup of the latest happenings in the IT sector.
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