Govt. circulars on taxing IT firms create confusion

Govt. circulars on taxing IT firms create confusion

In a bid to clarify taxation rules and settle prevailing confusion over a vexing tax issue pertaining foreign companies' development centers, the Finance Ministry recently issued two circulars. But, some experts argue that the circulars lack consistency.

While the government is claiming that the circulars will provide companies like Microsoft and IBM with clarity over tax issues, some experts from the industry say that the circulars failed to tell how development centres will be taxed.

Airtel and IBM Become International Partners

Airtel and IBM Become International PartnersThe bond of IBM and Airtel has strengthened further, they were already partners since 2004 in India and now they have become international partners. Bharti Airtel has joined hands with IBM for a time of 10 years in which IBM would provide IT answers to its employees in 16 African states.

IBM executive found guilty of insider trading

Robert Moffat

One of the executives of IBM Robert Moffat has been ordered for six months jail and a fine of 50,000 dollars as he was found guilty in the biggest case insider trading in US history.

Robert Moffat has worked for 30 years with IBM and proposed candidate for the future chief executive of the company but he was arrested in last October. He was accused of passing tips to a trader named Danielle Chiesi.

Moffat had an affair with the trader. The federal judge Deborah Batts said Moffat had done a serious breach to the company IBM and deserved a punishment.

Quippo-WTTIL signs IMS deal with IBM

It has been informed that Quippo-WTTIL has signed a Managed Services (IMS) agreement with IBM. Quippo-WTTIL is one of the leading telecom Infrastructure Company with operations in various part of the world.

The deal is for next five years and it's going to be a multi-million dollar agreement.

IBM to purchase Coremetrics

IBM to purchase Coremetrics

IT Company, IBM has said that it is planning to buyout Coremetrics, which is into the business of providing Web analytics software.

It is not yet clear whether Coremetrics has accepted the offer and what then are the terms of the deal that has been put in front of it.

But people close to the deal said that IBM will be including Coremetrics in its business portfolio and will thus make its position strong in the business of making software for business analytics.

IBM systems to become more pre configured

IBM systems to become more pre configured

IBM has hinted that its systems will become more preconfigured with its own software and hardware with the launch of its new server products.

The server products are meant for clients dealing in data analytics and transaction processing. The launch is an indication that the company wants to sell systems with its own hardware and software configured for specific usages. IBM is now expected to come out with more configured version of its tools relating to business process applications.

IBM to Launch Worldwide Scheme for Start-Ups

IBM to Launch Worldwide Scheme for Start-Ups

It has been reported that today, information technology and consulting multinational IBM set off its Global Initiative for start-ups.

This was aimed at helping them capture budding industry chances in fast developing industries like utilities and energy, telecommunications, health care and Government.

James M. Corgel, General Manager, IBM ISV and Developer relations, said the scheme offers start-ups free access to particular industry technologies in cloud computing situation.

IBM and Simmtronics to launch Netbook with cloud connectivity

IBM and Simmtronics to launch Netbook with cloud connectivity

PC major, IBM and Simmtronics along with Canonical have announced the launch of a netbook with cloud connectivity.

The notebook will first be available in South Africa and it will also be launched in the emerging markets like including India, Thailand and Vietnam. The netbook will also include IBM Client for Smart Work that offers Lotus Symphony and IBM LotusLive cloud service.

IBM to Mark Develothon 2010

IBM to Mark Develothon 2010

IBM has today announced that it is going to mark Develothon 2010, which is a programme aimed at assisting the software developers in India in develop skills in newer technological fields.

The company is planning to organize a 27-city road show in collaboration with its developerWorks forum. The forum is credited for its coverage of skills and software evangelization. More than 18,000 IT professionals were skilled in 2009 under it.

IBM gets orders worth $83 million from Digicable

IBM-digicable-logoIndian cable and broadband distribution firm Digicable and US-based IT giant IBM today signed a deal worth $83 million under which IBM would outsource its services for providing support for the integration of the Indian firm's digital media content delivery and value-added services.

The 10 year deal would also help to strengthen the position of Digicable by supporting its interactive TV and Internet services on TV of the firm, having more than 8 million subscribers in 70 Indian cities.