The Department of Electronic and Information Technology is implementing Common Service Center Schemes (CSCs) wherein 1,00,000 CSCs are planned to be set up in the rural areas (i.e. 1 CSC for each cluster of 6 villages). As on 31st July 2012, a total number of 91,725 CSCs have been rolled out in the country. These

Shri Kapil Sibal, Union Minister for Human Resourced Development  launched   ‘Aakash’, a low cost  access cum computing device, here today. This device was also distributed among 500 children on the occasion.  Speaking on the occasion the Minister underlined that Aakash will help in eliminating digital illiteracy.  For this he also emphasized the need for having

ASIX Electronics Corp. recently announced it has acquired the business line of I/O connectivity, including all assets and intellectual property rights, from India-based MosChip Semiconductor Technology Ltd.
The acquisition enhances ASIX’s portfolio of embedded networking and connectivity products by adding single, multi-port Serial, Parallel, Ethernet, VGA, and IrDA connectivity for various computer and peripheral equipment with

The Press Trust of India (PTI) Tuesday reported that Kyocera Mita India, a subsidiary of US$12 billion Japanese Kyocera Group, announced the acquisition of the copier division of Kilburn Office Automation (KOAL) for an undisclosed amount.
In a statement, Kyocera Mita Asia President M Higuchi said the acquisition of Kilburn is an important foundation to achieve

Vserv, the leader in Mobile In-App Advertising in India, announced that it has closed $3 Million in Series A funding by IDG Ventures India. Vserv is a leading mobile advertising network focused on emerging markets having delivered In-App and Wap advertising in over 200 countries for leading Fortune 500 brands.
IDG Ventures India is a leading

Cognizant Tuesday announced the signing of a definitive agreement under which the company will acquire CoreLogic Global Services Private Limited (CoreLogic India), the India-based captive operations of CoreLogic.
The purchase price will consist of a cash payment of approximately $50 million, plus adjustments for working capital and other charges or credits which will be determined at

The Economic Times of India (ET) Wednesday reported that Japanese map publisher Zenrin is all set to buy a significant stake in an India-based digital-map company that is being valued at $125 million.
Zenrin is in advanced talks to invest $30 million for a 24% stake in MapmyIndia, the country’s largest provider of digital-map data and

The Blackstone Group, announced Thursday an investment of Rs 150 Crores (approximately US $ 33 million) in FINO Limited (FINO) for a significant minority stake. FINO is a pioneer in providing integrated technology solutions and physical network to enable financial inclusion in India.
FINO is a channel with enabling technology platform for an end–to-end sourcing &

Saksoft Limited, the Information Management Specialist Company, has acquired Synetairos Technologies Limited, a consulting services company. Synetairos is a subsidiary of Kale Consultants Limited and provides specialized consulting services to clients in technology and financial services.
Aditya Krishna, CEO of Saksoft, said the Indian market is growing in services and the acquisition of Synetairos is part

KPIT Cummins Thursday received approval from its Board of Directors to acquire IT service provider Systime Global Solutions. Last month, KPIT Cummins Infosystems Ltd, a global IT consulting and engineering partner to manufacturing and Energy & Utilities corporations, and SYSTIME, a leading business technology service provider, announced that KPIT Cummins had entered into a definitive