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The anti-spam award of $230 million(largest ever) won by Myspace

The anti-spam award of $230 million(largest ever) won by Myspace

The largest anti-spam award ever has been won by the popular online hangout MySpace over junk messages sent to its members.The award was of $230 million (euro148.65 million). Wallace earned the monikers “Spam King” and “Spamford” as head of a company that sent as many as 30 million junk e-mails a day in the 1990s. […]

Rel Comm unit IPO has been approved by SEBI

The market regulator has approved the proposal of Reliance Communications for an initial public offer of 10 per cent of its telecom tower unit. According to sources the IPO could raise up to $1.4 billion. “The comments have come from the SEBI,” a banking source with direct knowledge of the deal said. Taking into
account the […]

Bharti Airtel talks shifted for the full takeover of MTN

Bharti Airtel, India’s number one mobile operator is headed to take-over South African telecom major MTN after negotiations. Bharti’s talks with South African mobile operator MTN Group Ltd are now centered on a full takeover by the Indian operator for a combination of cash and stock, a person familiar with the situation has quoted this. […]

Mittal invests $75 m in Indiabulls

The richest Indian, L N Mittal has made an investment of $75 million, or Rs 300 crore, in Indiabulls Properties Investments Trust (IPIT).IPIT is a subsdiary of Indiabulls Real Estate Ltd. Mittal has acquired 3.9 per cent stake in the trust.IPIT, the first Indian real estate investment trusts (REIT) that has decided to list on […]

Sony profits $277 million in fourth quarter

A profit of 29 billion yen ($277 million) has gained by Sony in the January-March quarter on Wednesday, marking a reversal from a year ago on losses trimmed from its struggling PlayStation 3 video game business. In the previous year it had a loss of 67.6 billion yen in its sprawling entertainment business, including a […]

Vacation season travel cut down due to high fares

According to the Air Transport Association(ATA),less number of people will fly this summer and and those who do should expect higher fares and crowded flights. At a press conference in Washington D.C on Tuesday,James May the president of industry group ATA said that the rise in fares is inevitable. and this is because of the […]